New Zealand economy back to pre-pandemic levels


WELLINGTON (AFP) – New Zealand’s economy posted better-than-expected growth of 1.6 percent in the first quarter of 2021, official data showed Thursday, with analysts saying activity was back at pre-coronavirus levels. The expansion in January-March this year exceeded forecasts of a 0.5 per cent rise […]

Euro zone bond yields dip as focus turns to next ECB speakers


* Euro zone periphery govt bond yields May 27 (Reuters) – Euro zone bond yields dipped on Thursday after falling sharply in recent sessions, as investors sought direction from several European Central Bank policymakers who will speak later in the session. Comments from ECB […]

Temasek, BlackRock to raise billions for carbon-cutting start-ups


NEW YORK (BLOOMBERG) – Two of the world’s most powerful money managers are joining forces to build a business on climate-change investing and raise one of the largest venture-capital funds dedicated to carbon-cutting technologies. BlackRock and Singapore’s Temasek Holdings formed a new firm, Decarbonization Partners, […]

China asked banks to rein in credit on bubble fears, FT reports


BEIJING (BLOOMBERG) – China’s central bank asked lenders to rein in credit supply on concern the surge in loans is fueling asset bubbles, the Financial Times reported. The People’s Bank of China in February told banks to keep new loans in the first quarter roughly […]