MAS to slightly reduce slope of S$NEER policy band to around 0.5 pct at the upcoming semi-annual policy meeting, says Scotiabank

Oct 07, 2019 06:54 am UTC| Commentary Central Banks Economy

The Monetary Authority of Singapore (MAS) is expected to slightly reduce the slope of its S$NEER policy band to around 0.5 percent from the current 1.0 percent annual pace at the upcoming semi-annual policy meeting, given...

Australian bonds open trading week on higher note tracking U.S. Treasuries following global economic concerns

Oct 07, 2019 04:40 am UTC| Commentary Economy

The Australian government bonds opened on a higher note on the first trading day of the week Monday, tracking a similar movement in the United States Treasuries following global economic concerns, after employment data in...

How multinationals continue to avoid paying hundreds of billions of dollars in tax – new research

Oct 04, 2019 14:41 pm UTC| Insights & Views Economy

Tax havens have become a defining feature of the global financial system. Multinational companies can use various schemes to avoid paying taxes in countries where they make vast revenues. In new research, my colleague Petr...

Mobile-based lending is huge in Kenya: but there’s a downside too

Oct 04, 2019 14:38 pm UTC| Insights & Views Economy

Over the past 10 years mobile-based lending has grown in Kenya. Some estimates put the number of mobile lending platforms at 49. The industry is largely unregulated but includes major financial players. Banks such as Kenya...

Global bank urges cities to invest in new infrastructure to adapt to climate change

Oct 04, 2019 14:37 pm UTC| Insights & Views Economy

The impacts of climate change on weather, sea levels, food and water supplies should be seen as an investment opportunity for our cities, says global investment banking firm Goldman Sachs. In a report out last month the...

Muskrat Falls hydroelectric project poses risks for Canada that are being ignored

Oct 04, 2019 14:33 pm UTC| Insights & Views Economy

September saw the scheduled flooding at the Muskrat Falls hydroelectric facility in Labrador, with the first power from the facility set to start this fall. The $12.7 billion provincial investment in green energy has...

U.S. Treasuries divided ahead of September employment report, Fed Chair Powell’s speech

Oct 04, 2019 12:03 pm UTC| Commentary Economy

The U.S. Treasuries remained divided during Fridays afternoon session ahead of the countrys employment report for the month of September, scheduled to be released today by 12:30GMT. In addition, a host of speeches by...