Japan’s financial system has remained “sound and resilient” despite heightened financial sector jitters in the West stemming from U.S. bank failures in March, the Bank of Japan said in its semi-annual financial system report.
The Bank of Japan is expected to maintain its ultra-easy monetary policy, including its interest rate targets and a 0.5% cap set for the 10-year government bond yield, at next week’s rate review, said four sources familiar with its thinking.
Rising concerns of a recession following weaker economic data and expectations the Fed will keep hiking rates to tame inflation led to outflows from global equity funds in the week ended April 19.
U.S. Federal Reserve may close a loophole that allows some midsize banks to conceal losses on securities they hold, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald’s Corp’s China operations, seeking a valuation of $8 billion to $10 billion for the business, Bloomberg News reported on Friday.
Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday.
Argentina’s economy will teeter on the edge of a deeper crisis in the run up to October’s presidential vote as growing market anxiety adds to a harmful mix of drought-induced recession and skyrocketing inflation, a Reuters poll showed.
HCA Healthcare Inc on Friday reported better-than-expected results and raised its forecast for 2023 on improved staffing that has allowed the hospital operator to conduct more surgeries, lifting its shares by over 7% in premarket trade.
Procter & Gamble Co raised its annual sales forecast on Friday and beat quarterly results estimates, as the company’s repeated price hikes boosted margins and offset the hit from consumers trading down to cheaper brands.
