“The market is happy that the RBI is at least watching and stepping in when it feels necessary. In the absence of an open market calendar, this is still some comfort,” the head of fixed income trading at a private bank said. … [Read more...] about Indian bond yields fall to over one-week low after special OMO announcement
Foreign investor bond
The bond price went higher as the BOK cut its target rate by 25 basis points to an all-time low of 0.50 percent in May after lowering it by 50 basis points in March. … [Read more...] about Foreigners sell S.Korean stocks for 5 months
LONDON, June 29 (Reuters) - World shares hit two-week lows and oil fell nearly 2% on Monday as the relentless spread of the coronavirus curbed optimism on the global economy, prompting investors to take shelter in safe-haven bonds and gold. … [Read more...] about GLOBAL MARKETS-Stocks hit two-week lows, oil slides on virus surge
For years, Britain has carried a sizable current account deficit, which means it spends more on goods, services and investments abroad than it brings in at home. That's now coupled with a worsening fiscal deficit as the country borrows huge amounts to finance its pandemic recovery plans. As of May, Britain's debt was bigger than the size of the entire economy for the first time since 1963. … [Read more...] about Could the United Kingdom become an emerging market?
Mumbai: Market regulator the Securities and Exchange Board of India(Sebi) has eased the ownership norms for stock exchanges operating from International Financial Services Centre(IFSC), GIFT City. Until now, only a select few category of investors such as Indian banks, insurance companies and public institutions were allowed to hold shares of stock exchanges based in IFSC, Gift City. However, going forward all categories of investors can hold equity in such exchanges. Market participants say the circular will open up the GIFT City exchanges for several new categories of investors including foreign portfolio investors (FPIs), Alternative Investment Funds(AIFs) and even wealthy individuals who fulfil the regulatory requirements. However, such investments are subject to a maximum cap of 5% for each investor. The development comes as a part of the government’s efforts to develop IFSC, Gift into an international financial hub. Market participants say, Sebi's announcement will bring … [Read more...] about Sebi eases ownership rules for Gift City Exchanges