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RBA Commits to Keep 3Year Yields Low amid Bond Rout

SYDNEY, March 2 Reuters Australias central bank on Tuesday affirmed its pledge to keep interest rates at historic lows as policymakers battle to stop surging bond yields disrupting the countrys surprisingly strong economic recovery. Concluding its March board meeting, the Reserve Bank of Australia RBA kept rates at 0.1 and committed to maintaining its highly […]
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Oil Inchs Higher ahead of this Weeks OPEC Output Decision

Oil futures inched higher Monday, buoyed by prospects for the passage of the U.S. stimulus bill, ahead of a decision this week by the Organization of the Petroleum Exporting Countries and its allies thats expected to see a loosening of production curbs. The U.S. House early Saturday passed the Biden administrations 1.9 trillion package of COVID19 relief […]
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German Yields Fall for 2nd Session; Mood Wary

LONDON, March 1 Reuters Benchmark German government bond yields dropped for a second consecutive session on Monday as investor sentiment improved after reflationary bets led bond markets to their biggest monthly selloff in years. The rise in bond yields last month, spurred by U.S. fiscal stimulus hopes and a postpandemic economic rebound that could fuel […]
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Rocket Lab nears Merger Deal with SPAC to Go Public WSJ

Reuters Rocket Lab USA is nearing a deal to go public through a merger with a specialpurpose acquisition company Vector Acquisition that would value the smallsatellite launch firm at 4.1 billion, including debt, the Wall Street Journal reported. The deal could be finalized on Monday, the newspaper reported, citing people familiar with the matter. Vector […]
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Beyond Meat CFO Mark Nelson to Retire

Beyond Meat Inc said on Monday Chief Financial Officer Mark Nelson, who played a key role in the plantbased patty makers blockbuster public listing in 2019, will retire in May. The retirement was voluntary and not a result of any disagreement or on any matter relating to its operations, policies or practices, the company said. […]
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How 10Second Video Clip Sold for 6.6 Million

In October 2020, Miamibased art collector Pablo RodriguezFraile spent almost 67,000 on a 10second video artwork that he could have watched for free online. Last week, he sold it for 6.6 million. The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to […]
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Central Banks will Happily Ignore InflationMongers

FRANKFURT Reuters The worlds biggest central banks will happily live with higher inflation and investors now aggressively betting on a quicker end to monetary stimulus are all but certain to be proved wrong. After a decade of underestimating inflation, central bankers in the United States, Europe and Japan have every reason keep money taps open […]
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China Says Domestic Competition Hurting Rare Earth Prices

Chinas rare earths, a group of 17 minerals used in military equipment and consumer electronics, are being undersold due to vicious competition domestically and face low resource utilisation, the countrys industry minister said on Monday. Prices for some rare earths in China, such as praseodymiumneodymium PrNd used in rare earth magnets have spiked to multiyear […]
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