SYDNEY, April 13 Reuters The Australian and New Zealand dollars drifted lower on Tuesday as caution in global markets outweighed upbeat economic news and a solid sale of new Aussie government bonds. The Aussie slipped to 0.7597, as speculators looked to test support around 0.7595. The currency has now spent three weeks rattling around in […]

April 13 Reuters Chinas imports of major commodities rose strongly in March from the year ago, data from the General Administration of Customs showed on Tuesday, as the worlds secondbiggest economy marched ahead postCOVID19. Chinas overall imports surged 38.1 yearoveryear in March, the fastest pace in four years, while exports also grew at a robust […]

Rates as of 0500 GMT Market Recap After several days of decline, the beleaguered pound bounced back yesterday. It was the bestperforming currency of the day. Was this related to the reopening of the pubs? Traders in a better mood, more favorably inclined toward the government and hence the currency? Or perhaps optimism ahead of […]

TOKYO, April 13 Reuters Japanese government bonds ticked up on Tuesday, after a reoffering of existing longdated bonds attracted strong appetite, offsetting worries about further rise in U.S. debt yields. The 10year JGB yield fell 0.5 basis point to 0.100. The 20year JGB yield fell 1 basis point to 0.470 while the 30year yield dropped […]

April 13 Reuters Londons FTSE 100 fell on Tuesday, dragged lower by losses in exportoriented stocks and energy firms, while data showed Britains economy grew in February as companies got ready for the lifting of a third coronavirus lockdown. The bluechip index edged down 0.1, with shares of large dollarearning consumer staples companies Unilever , […]

LONDON, April 13 Reuters Sterling rose for a second day against the dollar and the euro on Tuesday, as analysts said Britains vaccination drive had not been derailed by its curbing of the use of AstraZenecas COVID19 vaccine. The pound lost 1 against the dollar last week as Britain advised alternatives to the OxfordAstraZeneca vaccine […]

April 13 Reuters Emerging market stocks and currencies were subdued on Tuesday, as investors awaited key U.S. inflation data that could set the stage for more dollar strength and undercut riskdriven assets. The MSCIs index of emerging market currencies fell about 0.1, with most units in Europe, the Middle East and Africa retreating slightly to […]

The U.S. government appears to view active bond mutual funds as too big to fail, due to their importance as retirement vehicles and potential to enter an “illiquidity doom loop.”

Grant making and charitable contributions to donor-advised funds are rapidly accelerating, reflecting donors’ desires to create solutions to problems in their local and global communities.

The United Arab Emirates leads the Middle East in the pace of adoption of digital technology.