Archive September 2016

BOJ official says not trying to send message that it has done enough

BOJ official says not trying to send message that it has done enough

Published 27/09/2016

A businessman walks past the Bank of Japan (BOJ) building in Tokyo, Japan, March 23, 2016. REUTERS/Toru Hanai/File Photo

The Bank of Japan's new monetary policy framework should not be taken as a message that the BOJ feels it is done with easing and wants fiscal policy to pick up the slack, a senior Bank of Japan official said on Monday.

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Brexit shock has been digested for now, Ifo economist says

Published 27/09/2016

The shock over Britain's decision to quit the European Union has been overcome for now, Ifo economist Klaus Wohlrabe told Reuters on Monday after the institute's monthly survey showed business morale in Germany surging in September.

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Oil steady as market awaits Algiers meeting- funds cut bullish bets

Oil steady as market awaits Algiers meeting- funds cut bullish bets

Published 27/09/2016

A worker looks on at the Bashneft-Ufaneftekhim oil refinery outside Ufa, Bashkortostan, Russia January 29, 2015. REUTERS/Sergei Karpukhin/File Photo

Oil held steady on Monday, as the world's largest producers gathered in Algeria to discuss ways to support the market, although scepticism about any deal being reached has prompted money managers to cut their bullish bets to a one-month low.

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China launches $52.5 billion state enterprise restructuring fund, report says

Published 27/09/2016

China has launched a 350 billion yuan ($52.5 billion) restructuring fund as the government pushes 'supply-side' reforms that have included mergers of inefficient state enterprises and laying off workers in struggling sectors such as coal and steel.

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World stocks get the jitters as U.S. presidential debate looms

World stocks get the jitters as U.S. presidential debate looms

Published 27/09/2016

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 21, 2016. REUTERS/Staff/Remote

European and Asian shares retreated on Monday as investors waited to see how Donald Trump would fare in a U.S. presidential debate against Hillary Clinton, while oil prices firmed before an informal OPEC meeting.

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German business morale shrugs off Brexit to hit 28-month high

German business morale shrugs off Brexit to hit 28-month high

Published 27/09/2016

People walk on a shopping street in the southern German town of Konstanz January 17, 2015. REUTERS/Arnd Wiegmann

German business morale rose far more than expected in September, reaching its highest level in more than two years, a survey showed on Monday, signaling that executives had brushed off concerns about Brexit that had weighed on their mood last month.

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IMF welcomes BOJ new policy framework, sees 2 percent inflation elusive

IMF welcomes BOJ new policy framework, sees 2 percent inflation elusive

Published 27/09/2016

A Japanese flag flutters atop the Bank of Japan building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai

The International Monetary Fund said on Monday that a new monetary policy framework adopted by the Bank of Japan marked "progress", but stuck to its view that the central bank won't be able to hit its ambitious 2 percent inflation goal anytime soon.

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BOJ`s Kuroda sees no big rise or fall in bond buying for now

BOJ`s Kuroda sees no big rise or fall in bond buying for now

Published 27/09/2016

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai

The pace at which the Bank of Japan buys bonds will depend on what is needed to achieve its yield curve target but no big increases or decreases were expected for now, Governor Haruhiko Kuroda said on Monday, dampening speculation that the BOJ was considering tapering asset purchases.

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Europe`s regulators must tell banks to cut bad debts to help recovery: ECB

Europe`s regulators must tell banks to cut bad debts to help recovery: ECB

Published 27/09/2016

Yves Mersch, Member of the Executive Board of the European Central Bank presents an oversized newly unveiled 10 euro note at the headquarters of the European Central Bank (ECB) in Frankfurt, January 13, 2014. REUTERS/Ralph Orlowski

European regulators must tell banks to cut their bad debts as they are holding back the euro zone's recovery, ECB Executive Board member Yves Mersch said on Monday.

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Exclusive: Regulators expect Monte dei Paschi to ask Italy for help – sources

Exclusive: Regulators expect Monte dei Paschi to ask Italy for help – sources

Published 27/09/2016

A man walks on a logo of the Monte Dei Paschi Di Siena bank in Rome, Italy September 24, 2013. REUTERS/Alessandro Bianchi/File Photo

European regulators expect Italian bank Monte dei Paschi di Siena will have to turn to the government for support, three euro zone officials with knowledge of the matter said, although Rome would strongly resist such a move if bondholders suffered losses.

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