TOKYO — Japan’s 10-year government bond yields hit a six-year high on Friday ahead of a policy decision later in the day from the Bank of Japan. Read More
SINGAPORE — Chicago corn futures edged lower on Friday after making sharp gains in the previous session, but the market was poised for a second consecutive weekly rise on concerns over hot weather in parts of the U.S. Midwest. Read More
Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, discusses the outlook for the US economy, and the opportunities he sees in domestic and international financial markets. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.”
MELBOURNE — Australia’s power crunch has eased across the national electricity market (NEM), as more generation has come back online and households have cut their power use, the country’s energy market operator said on Friday. Read More
MELBOURNE — Australian coal-fired generators have brought 1,900 megawatts (MW) of capacity back on line since Wednesday, the industry group that represents generators said on Friday, easing blackout risks that have plagued the market this week. Read More
India’s finished steel exports is expected to drop by a quarter in the current fiscal on imposition of export duty on such products with effect from May 22, rating agency ICRA said on Thursday, revising industry’s outlook to ‘stable’ from ‘positive’ earlier. “The government’s recent announcement of 15% export duty on various finished steel products […]
‘Buy now pay later’ (BNPL) consumers in India are a younger set of borrowers who avail short-term credit. BNPL players account for a low share within the new-to-credit customer base, and delinquency rates are high. The companies are exploring various business models to establish economic viability with limited revenue drivers. In fact, BNPL will serve […]
The Central Board of Direct Taxes (CBDT) on Thursday issued guidelines seeking to address likely issues emanating from application of the newly introduced section 194R of the Income Tax Act for withholding 10% tax (TDS) on benefits or perquisites from non-salary sources. The new provision part of the Finance Act 2022 will become effective from […]
Less than a day after Revlon Inc. filed for Chapter 11 bankruptcy, Citigroup Inc.’s now-infamous payment error to its lenders has come up in the cosmetics giant’s bankruptcy. Claire Boston reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: […]