TOKYO (REUTERS) – As the coronavirus jolts Japan, the government’s huge stimulus package has come under fire from hard-hit restaurant owners for channelling funds for items like wagyu beef, melons and tourism rather than accelerating help for firms with burning…
Read MoreTREASURIES-Yields higher after payroll losses less than expected
(Updates market activity, adds analyst comment) By Ross Kerber June 3 (Reuters) – U.S. Treasury yields rose on Wednesday while riskier assets gained favor after a report showed that U.S. private payrolls fell much less than expected in May as…
Read MoreCANADA FX DEBT-Canadian dollar posts 3-month high as BoC scales back crisis operations
(New throughout, updates prices, market activity and comments) * Canadian dollar rises 0.2% against the greenback * Loonie touches a near 3-month high intraday at 1.3476 * Price of U.S. oil decreases 0.2% * Canadian bond yields rise across a…
Read MoreEMERGING MARKETS-Brazil's real on a tear amid bleak outlook
By Susan Mathew June 3 (Reuters) – Brazil’s real surged 2.6% on Wednesday after industrial output in the country fell less than expected, while other Latin American currencies joined a rally in risk assets on hopes of a strong economic…
Read MoreIndonesia finmin sees 2020 budget deficit widening to 6.34% of GDP
JAKARTA, June 3 (Reuters) – Indonesia’s 2020 budget deficit is expected to widen further to 6.34% of gross domestic product as the government stepped up spending for its coronavirus response and economic stimulus, Finance Minister Sri Mulyani Indrawati said on…
Read MoreEMERGING MARKETS-Brazil leads Latam rally; Argentina extends debt deadline
* Brazil’s real at over 6-week high * Mexican, Colombian pesos buoyed by strong oil prices * Argentina extends debt restructuring deadline to June 12 * Analysts see Mexican peso outperforming in near-term (Adds details, updates prices) By Susan Mathew…
Read MoreEMERGING MARKETS-Mexico's peso surges 2%, Argentina extends debt deadline
* Brazil’s real up 2.8%, Colombian peso at 3-week high * Argentina extends debt restructuring deadline to June 12 * Analysts see Mexican peso outperforming in near-term By Susan Mathew June 2 (Reuters) – Latin American currencies rallied on Tuesday…
Read MoreUPDATE 1-China c.bank vice governor says more policy support needed amid pandemic
(Adds details, quotes) BEIJING, June 2 (Reuters) – China’s central bank vice governor said on Tuesday the economic hit from the coronavirus pandemic was bigger than first expected and that more monetary and credit policy support was needed. China still…
Read MoreCoronavirus to shave trillions from US economy over 10 years
WASHINGTON (NYTIMES) – The US Congressional Budget Office projected on Monday (June 1) that the coronavirus pandemic would inflict a serious long-term blow to the United States economy, taking 3 per cent off the gross domestic product 10 years from…
Read MoreNew woman billionaire emerges from another costly Asia divorce
HONG KONG (BLOOMBERG) – A new female billionaire has emerged from one of Asia’s most-expensive breakups. Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co, transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according…
Read More