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Banks face two major risks in 2021, says CEO of Singapore’s largest bank DBS
Piyush Gupta, CEO of Singapore’s DBS, said rising defaults and ultra-low interest rates will be two major headwinds confronting banks next year.
Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses
Market sentiment improved as the Nasdaq Composite, Dow Jones climbed. Investors are looking forward to Covid relief bills from the US as the world heads for its first vaccine doses. EUR/USD awaits …
Japan’s new stimulus package reportedly worth about ¥73.6 trillion
Bloomberg reports, citing a document on the package
Fiscal measures are to comprise around ¥40 trillion, partly financed by ¥19.2 trillion in spending from a third extra budget. This is a bit on the higher end of reports on what ruling party lawmakers are calling for in terms of new measures.
Fiscal measures are to comprise around ¥40 trillion, partly financed by ¥19.2 trillion in spending from a third extra budget. This is a bit on the higher end of reports on what ruling party lawmakers are calling for in terms of new measures.
Brexit: Trade talks resume, Barnier and Frost meeting now
BBC Brussels correspondent, Nick Beake, confirms
Meanwhile, The Daily Telegraph’s political editor, Gordon Rayner tweets that:
UK sources say little chance of a Brexit trade deal today. But PM won’t walk away if there is still any chance of a deal being done. UK feel under less time pressure than EU because we could ratify a deal
Meanwhile, The Daily Telegraph’s political editor, Gordon Rayner tweets that:
UK sources say little chance of a Brexit trade deal today. But PM won’t walk away if there is still any chance of a deal being done. UK feel under less time pressure than EU because we could ratify a deal
Brexit: EU, UK have not bridged significant differences, says senior EU diplomat
Several news sources reporting on the matter
A few media outlets reporting with the same, suggesting that there has been „no decisive progress made so far although some progress has been made“, citing a senior EU diplomat on the matter.
A few media outlets reporting with the same, suggesting that there has been „no decisive progress made so far although some progress has been made“, citing a senior EU diplomat on the matter.
Brexit: UK’s Gove, EU’s Šefčovič meeting to discuss NI protocol implementation
The meeting is reportedly taking place now with a statement expected to follow
Just watch out for this as it may be a precursor to some high-level verbal agreement that may see the UK drop the offensive elements in the Internal Market Bill.
Just watch out for this as it may be a precursor to some high-level verbal agreement that may see the UK drop the offensive elements in the Internal Market Bill.
China halts beef imports from Australian firm, Meramist Pty
No reason was given from the Chinese customs bureau
This just adds to the ongoing tensions between China and Australia. All the other reasons and excuses for other trade halts/bans were lame at best so why bother.
This just adds to the ongoing tensions between China and Australia. All the other reasons and excuses for other trade halts/bans were lame at best so why bother.