Markets (Economics)
The Bank of Japan's officials are increasingly anxious about the prospect of sustained growth, which could force the institution to become a buyer of last resort for Japanese Government Bonds (JGBs). This concern is fueled by the revision of the Bank of Japan's "Accounting Rules,
Markets (Economics)
Despite a company statement suggesting the scheme may take more risk, the chairman of the Boots Pension Scheme has written to members to reassure them that their funds will remain invested in low-risk bonds. The scheme, which became the first in the UK to invest entirely in bonds in 2001,
Markets (Economics)
Shares in gaming groups plummeted yesterday as the government unveiled plans to introduce tough controls on big money slot machines and give local authorities more powers to approve or reject new casino applications. The proposals, which aim to overhaul Britain's gambling laws, have been met with criticism from
Markets (Economics)
The Czech Republic made a significant entrance in the international bond market, raising its 10-year bond offering from Euros 1bn to Euros 1.5bn due to strong investor demand. The deal was priced at the tight end of the guidance, yielding 12bp over mid-swaps, with investors placing orders worth Euros
Markets (Economics)
The Financial Services Authority (FSA) is being urged to take a tougher stance on the sale of certain investment products, including split capital investment trusts and precipice bonds, which have been linked to significant financial losses for investors. Consumer representatives, including Ann Foster, chairman of the Financial Services Consumer Panel,
Markets (Economics)
Japan's economy and financial services minister, Heizo Takenaka, dismissed concerns about rising long-term interest rates, viewing them as a sign of the country's economic recovery. The yield on the benchmark 10-year Japanese government bond (JGB) reached its highest level since early 2001, with a 1.7%
Markets (Economics)
Global financial markets were put to the test this week as oil prices reached record highs following last weekend's attacks in Saudi Arabia. The US crude oil futures market saw a record intraday high of $42.45 a barrel in New York on Tuesday, although prices pulled back
Markets (Economics)
The Eurozone's first-quarter economic activity came in better than expected, but the recovery is far from robust. The Group of Eight leading economies warned last weekend of the threat to growth from high oil prices, a concern amplified in Europe where growth is likely to barely exceed 2
Markets (Economics)
Cantor Index, a financial and sports spread betting business of Cantor Fitzgerald, has been at the forefront of innovation in the financial industry since September 2003 with the launch of its Cantor Mobile service. Utilizing handheld XDA devices and Microsoft's Windows Mobile platform, Cantor's clients can
Markets (Economics)
During the long bull market, companies generally did not assess the risk of their pension funds on their corporate balance sheets. However, with the introduction of new accounting rules and the realization of the havoc that markets can wreak, companies are now challenging the trustees' focus on long-term risk.
Markets (Economics)
Purnomo Yusgiantoro, the Opec president and Indonesian oil minister, has addressed growing concerns about the impact of high crude oil prices on economic activity. The oil cartel is committed to supplying more crude, but the current spike in prices is attributed to a lack of refinery capacity in the US.
Markets (Economics)
The UK bond market experienced significant turmoil after the Bank of England's minutes from the last monetary policy meeting hinted at a more aggressive interest rate hike. The data showed that committee members had discussed raising rates by 50 basis points but ultimately voted for a 25 basis
