from Bloomberg Markets https://ift.tt/3nBNLWz
The International Monetary Fund (IMF) has stated that Zimbabwe’s recently introduced gold-backed fiat currency represents a significant policy step. This is the IMF’s first substantial comment on the currency since its inception. The global lender has reportedly announced plans to send a team in June to evaluate the performance of the new currency. Contrasting IMF…
Overseas issuers sold yen bonds at the fastest pace in five years so far this month, chasing cheap funds before an expected interest rate hike by the Bank of Japan pushes up borrowing costs. from Bloomberg Markets https://ift.tt/a3J1r5S
Colin Coleman, Columbia Business School Adjunct Professor & Former Goldman Sachs Sub-Saharan Africa CEO, discusses the South Africa election and sees the real issue for the region is that it is perceived internationally as a bond market dream and an equity market headache for ‘anxious’ investors. He speaks with Joumanna Bercetche and Jennifer Zabasajja on…
Chinese President Xi Jinping urged deeper reforms for some of the country’s key sectors as investors look for hints on major policy shifts to be revealed at the upcoming party conclave. from Bloomberg Markets https://ift.tt/o9S2JAC
DLF Homes Joint MD & Chief Business Officer Aakash Ohri expects India’s luxury real estate market to surge, with demand for superior homes and services. He speaks with Haslinda Amin on “Bloomberg Markets: Asia.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/iOFedDG
International Holding Co., the sprawling conglomerate chaired by one of Abu Dhabi’s most powerful royals, has planned its 5 billion dirham ($1.4 billion) buyback program to revive its share price as the 43,000% rally in its stock cools. from Bloomberg Markets https://ift.tt/woFOGKN
Shares of Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023, after the conglomerate cut debt and landed major projects. from Bloomberg Markets https://ift.tt/YesO50k
South African Trade, Industry & Competition Minister Ebrahim Patel will quit the cabinet after next week’s election. from Bloomberg Politics https://ift.tt/4GvYWnZ
Inflation in Japan cooled for a second month but still staying above the central bank’s price target. The latest figures come as the yen’s recent depreciation fuels concerns that cost-push inflationary pressures may be here to stay. Brian Fowler reports on Bloomberg Television. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/5yoliTB