News & Analytic Centre

New Zealand Central Bank Launches new Enforcement Department

WELLINGTON, April 13 Reuters The Reserve Bank of New Zealand RBNZ said on Tuesday it was expanding its regulatory resources with a new standalone enforcement department focusing on compliance in the banking, insurance and antimoney laundering sectors. The new department and the banks separate supervision team will work closely to achieve compliance goals, RBNZ said […]
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Zimbabwe Seeks new Investors for Steel Company

HARARE Reuters Zimbabwes statecontrolled iron and steel company ZISCO has invited new investors to help revive operations at the company that has been the target of interest from Indian and Chinese investors in the past, a company document seen by Reuters showed. Essar Africa Holdings, a unit of Indias Essar Group, agreed to invest up […]
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Worlds Eight Richest People Now Worth 1 Trillion

The rally in tech shares has taken the number of people with fortunes of more than 100 billion to eight. Google cofounders Larry Page and Sergey Brin joined the exclusive club last week, entering a group dominated by U.S. tech entrepreneurs, according to the Bloomberg Billionaires Index. The worlds eight richest people together hold fortunes […]
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Australia, NZ dlrs Drift Off, Bond Sale Draws Strong Demand

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 […]
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China Commodity Imports Surge in March

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 […]
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GBP Up for once; US CPI, RBNZ Meeting

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 […]
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JGBs Edges Higher after Auction Draws Strong Demand

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 […]
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