In the latest blow to investors' confidence in the financial sector, Credit Suisse's shares on Wednesday plunged as much as 30%, after its largest shareholder said it could not provide further support
Futures pricing now implies a roughly 52% chance that the Fed will raise rates by 50 basis points this month, compared with 70% before the data release, according to CME's Fedwatch tool
State-owned power giant NTPC plans to raise term loan of USD 750 million (about Rs 6,213 crore) in Japanese Yen (JPY) denomination to finance its capital expenditure on new and ongoing projects. The company has sought bids for the JPY loan, which is to be raised through External Commercial Borrowing route. According to a bid document, the term loan would be for USD 150 million with green shoe option of USD 600 million. It also stated that the proceeds of the loan will be utilised for capital expenditure for ongoing/new capacity additions programme, renewable energy projects, including hydro, coal mining and refinancing of existing ECB/Rupee loan availed domestically for CAPEX (capital expenditure) etc. The last date for submission of bids is March 1, 2023 and proposals would be opened the same day. NTPC is the largest power generating company in India. It occupies a dominant position in the domestic power sector with presence in the entire value chain of the power generation ...
The dollar index, which measures the greenback against a basket of major currencies, was last flat at 103.22. It dropped as low as 102.50, its weakest level since Feb 3
The risk-sensitive Australian and New Zealand dollars eased with Asian equities on worries that higher U.S. rates will choke growth. Sterling also retreated
The yen weakened to a three-week low of 132.60 per dollar after the report, and was last fetching 132.35, down 0.88%
The dollar-yen pair declined to as low as 127.215, the weakest since May, in the run-up to the Bank of Japan's policy review last week amid rising bets for an end to stimulus
Data on Friday showed Japan's core consumer prices in December rose 4.0% from a year earlier, double the central bank's 2% target
The US dollar loitered around its seven-month lows on Friday as fears of an economic slowdown dented risk appetite
According to the Finance Ministry, the country logged a 19.97 trillion yen ($155 billion) deficit for 2022
The dollar index, which measures the safe-haven dollar against six peers including the yen, fell 0.4% at 102.01
The dollar drifted above multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan
The Fed's aggressive rate increases were a main driver of the dollar index's 8% surge last year
With the BOJ due to announce its monetary policy decision on Wednesday, expectations are for further tweaks to its yield control policy or a full abandonment of it
A wave of emergency BOJ buying later reined the yield back in, but markets remained jumpy
"You could start to see the normalisation of monetary policy which would be a huge step for Japan (and) a very positive tailwind for the yen," Turner added
The greenback dropped as low as 130.58 yen that day for the first time since early August as traders speculated about an eventual end of BOJ stimulus
Facility supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation
Adani Green Energy Ltd on Thursday said it has raised 27,954 million Japanese Yen (around Rs 1,630 crore) through its subsidiary Adani Solar Energy AP Six to refinance its existing indebtedness. The project loan facility is supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation, a company statement said. This is an excellent result for AGEL, showing strong support from our lenders and demonstrates our ability to access bank debt at competitive terms in sync with the underlying asset development model to provide a long-term solution, said Phuntsok Wangyal, CFO, Adani Green Energy. Latham & Watkins LLP and Cyril Amarchand Mangaldas acted as legal counsels for the transaction.
The nationwide core consumer price index, which excludes volatile fresh food items, rose for the 14th straight month, the data showed, beating a 3.5 per cent increase forecast by economists