SYDNEY, May 4 Reuters The Australian dollar lagged on Tuesday as the countrys central bank sharply upgraded forecasts for the local economy yet still predicted no tightening in its superloose policy until at least 2024. The Aussie faded 0.2 to 0.7742, well within the 0.7690 to 0.7815 range that has held for the past couple […]

Four banks pledge $6 trillion in sustainable finance, and the billions they’ll save in taxes is one of the benefits.

SINGAPOREHANOI, May 4 Reuters KPMG has been appointed by Singapores High Court as the interim judicial manager for companies caught up in an alleged bogus nickel trading scheme, the accounting firm said on Tuesday. The alleged fraud, one of Singapores biggest, centres around a former managing director of trading companies Envy Global Trading and inactive […]

LONDON, May 4 Reuters Most 10year government bond yields in the euro area were steady on Tuesday, holding below 13month highs on hopes that world central banks will not rush into tapering their massive stimulus schemes. New York Fed President John Williams said late on Monday that the recovery so far is not nearly enough […]

LISBON, May 4 Reuters Portugals statebacked Resolution Fund wants to negotiate a large loan from a group of banks to shore up the capital of lender Novo Banco, which was carved out of the collapsed Banco Espirito Santo BES. Such a cash injection is politically contentious, however, partly because lossmaking Novo Banco is 75owned by […]

LONDON, May 4 Reuters Emerging market stocks struggled to make headway on Tuesday as Taiwan and India wrestled with rising COVID19 infections, with the latter seeing cases surge past 20 million. Taiwans main stock index, one of the strongest performers in Asia so far this year, was 1.7 down in a second consecutive day of […]

The dollar added 0.1 by the European open, having almost completely recovered from the decline the day before. The recent pull into the dollar is well matched by the slippage in stock markets. Since the start of last week, the SP500 has slowed markedly and turned to decline by the weeks end. A corresponding decline […]

SYDNEY, May 4 Reuters Australias Port of Newcastle has signed a A515 million 398 million loan with National Australia Bank NAB that links interest payments to nonmandatory social and environmental targets, the companies said. The worlds largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas […]