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Sovereign fund Danantara Indonesia names 'dream team' of former presidents, Sachs, Dalio and ex-Thai PM Thaksin
Danantara aims to manage over $900 billion in assetsNew appointments will secure market confidence, fund's chief saysRecent market selloff linked to Danantara's formation, analysts sayAll Indonesia state firms now under fund's management By Stefanno Sulaiman and Stanley Widianto JAKAR...Reuters
Mon, Mar 24
German Preliminary Manufacturing PMI edges higher to 48.3 in March vs. 47.7 expected
The German manufacturing sector activity performed better than expected while the services sector worsened in March, the preliminary business activity report published by the HCOB survey showed Monday.
Fxstreet
Mon, Mar 24
China's fiscal revenue falls 1.6% in January-February
BEIJING, March 24 (Reuters) - China's fiscal revenue fell 1.6% in the January-February period from a year earlier, finance ministry data showed on Monday, reversing a 1.3% increase in the whole of 2024. Fiscal expenditure rose 3.4% in the first two months in 2025, slowing from a 3.6% increase in...Reuters
Mon, Mar 24
ECB’s Cipollone: Inflation target may be reached sooner than last projections indicated
European Central Bank (ECB) Executive Board member Piero Cipollone said on Monday, “the inflation target may be reached sooner than the last projections indicated.” Additional quotes Key elements strengthen the case for further rate cuts.Fxstreet
Mon, Mar 24
RPT-ANALYSIS-Rush to Russian assets belies 'permafrost' some investors fear
US-Russia thaw prompts 'exotic' bets on Russian-linked financial assetsFund managers expect Russian assets to remain closed to WestInvestors show interest in rouble NDFs despite sanctionsPoor liquidity affects tradeable corporate bonds from RussiaBy Libby George, Karin Strohecker and Alexand...Reuters
Mon, Mar 24
ANALYSIS-Rush to Russian assets belies 'permafrost' some investors fear
By Libby George, Karin Strohecker and Alexander Marrow LONDON, March 24 (Reuters) - Large fund managers expect the bulk of Russia's assets to remain closed to Western investors, despite a flurry of "exotic" trades betting on a rapprochement between Moscow and Washington. The diplomati...Reuters
Mon, Mar 24
Ueda speech: Will not rule out the possibility of selling BoJ’s government bond holdings
Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that the central bank “will not rule out the possibility of selling the BoJ’s government bond holdings.” Earlier in the day, Ueda said that the central bank “will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved.” Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen (JPY) is one of the world’s most traded currencies.
Fxstreet
Mon, Mar 24
BoJ’s Ueda: Will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved.
Speaking in the Japanese parliament on Monday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the central bank “will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved.” Additional quotes Cannot sell long-term JGB holdings immediately; have been gradually...Fxstreet
Mon, Mar 24
BoJ’s Uchida: Will continue raising rates if the likelihood of achieving economic, price outlook rises
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida told the Japanese parliament on Monday that “we'll continue to access economic and financial market situations at home and abroad." "If our economic and price outlooks are to be achieved, we will adjust the degree of monetary easing by raising policy rates," he added.Fxstreet
Mon, Mar 24
China's vice premier reassures Apple, Pfizer, Cargill, others of business potential
BEIJING, March 24 (Reuters) - China's Vice Premier He Lifeng sought to reassure foreign corporate chiefs of the country's business potential when he met with the heads of Apple AAPL.O, Pfizer PFE.N, Mastercard MA.N, Cargill and others on Sunday.He also met with pharmaceutical firm Eli Lilly ...Reuters
Mon, Mar 24
Japan's factory activity declines accelerate, services sag, PMI shows
TOKYO, March 24 (Reuters) - Japan's factory activity fell at the fastest pace in a year in March, dragged by declines in production and new orders in a worrying sign for the economy, a private-sector survey showed on Monday.Reuters
Mon, Mar 24
