LONDON (Reuters) – A growing appetite for higher-yielding assets has opened a window for euro zone sovereigns to capitalise on a demand for dollars that has distorted money markets and can cut borrowing costs.
MUMBAI (Reuters) â The Reserve Bank of India (RBI) kept the limit of state governments’ short-term borrowing from the central bank, called as Normal Ways and Means Advances, unchanged for the financial year started Thursday, it said in a statement.
The Reserve Bank of India (RBI) seems to have succeeded in persuading the banks to pass on the benefits of cheaper floating loans to the existing customers who have been paying the higher rates. Major banks like ICICI Bank, Standard Chartered Bank and State Bank of India are now allowing their customers – on a selective basis – who were paying higher floating rates to switch over to new cheaper rates. The banks are now allowing their existing customers to shift to the cheaper floating rates with a small penalty where the customer has to pay a switching fee which …
World oil prices surged close to USD 84 per barrel on Thursday, near October 2008 highs in response to the falling dollar and weaker-than-expected US jobs data. However, the market trimmed gains following news of increasing crude oil and gasoline reserves in the United States, which indicated lower demand in the world s biggest energy consuming nation. New York s main contract, light sweet crude for delivery in May, soared to USD 83.76, near highs last seen in early October 2008. It later stood at 82.48, up 11 cents from yesterday s closing level. London s Brent North Sea crude for May advanced 18 …
MUMBAI (Reuters) – India’s manufacturing growth slowed down in March, dropping from a 20-month-record in February, as mounting cost pressures took a toll on expansion in output, a survey showed.
HONG KONG (Reuters) – Asian stocks made a solid start to the second quarter on Thursday inching closer to two-month highs as China’s manufacturing sector picked up and foreign buying boosted tech shares in Taiwan and South Korea.
TOKYO (Reuters) – Japanese business morale improved to the highest in more than a year but companies remain cautious about spending, a Bank of Japan survey showed, suggesting that government will not let up in its calls for more monetary easing.
TOKYO (Reuters) – Japanese companies became far less pessimistic about business conditions in the three months to March, a Bank of Japan survey showed, as solid exports to Asia drive an economic recovery.
TOKYO (Reuters) – Japan’s Nikkei average hit an 18-month high on Thursday, with resource shares such as Mitsui & Co Ltd gaining on a rise in commodity prices and exporters advancing after the yen fell to a three-month low against the dollar.
MSN Money partner site Bundle breaks down how much we spend and where we spend it. See where your money goes by geography, age and family status.