Tuesday 22 March 2022

Reuters Global Investor: EU may discuss more borrowing option in a few weeks -Gentiloni

EU may discuss more borrowing option in a few weeks -Gentiloni

The European Union will discuss in a few weeks whether it needs to jointly borrow more money in response to the challenges created by Russia's invasion of Ukraine, European Economic Commissioner Paolo Gentiloni said on Tuesday.

German fiscal policy to stave off stagflation, finance minister says

The German government will tailor its public spending plans to avoid stagflation in Europe's biggest economy and keep at bay the risk of sliding into a cycle of rising prices and anemic growth, Finance Minister Christian Lindner said on Tuesday.

Sterling hits nine-day high vs euro as spring statement eyed

The British pound strengthened to a nine-day high against the euro on Tuesday as it continues to retrace losses seen after the European Central Bank and Bank of England policy decisions in the last two weeks.

Moscow exchange to trade OFZ bonds again on Tuesday - Central Bank

The Moscow Exchange will again open for trading in OFZ government bonds on Tuesday after the trade resumed on Monday, but the stock market will remain closed, Russia's Central Bank said.

Warren Buffett ends drought with Berkshire's $11.6 bln Alleghany purchase

The 91-year-old billionaire had bemoaned a lack of good investment opportunities.

U.S. rate futures raise odds for hefty rate hike in May after Powell comments

Federal funds rate futures on Monday raised the chances of a half percentage-point tightening by the Federal Reserve at the next policy meeting in May, after hawkish comments from Fed Chair Jerome Powell.

Czech central banker favours rate hikes to wider FX sales to stem inflation

The Czech central bank is likely to raise interest rates again on March 31 and may discuss more use of foreign exchange interventions, board member Tomas Holub said on Monday, adding he does not favour buying crowns to help bring down inflation.

Russia faces a raft of external debt payments

Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or willing to do so, following Western countries' unprecedented sanctions over Moscow's actions in Ukraine.

Warren Buffett's dealmaking spree over the years

Warren Buffett's Berkshire Hathaway is sitting on a near-record high $146.7 billion cash pile despite the huge buybacks it made over the past couple of years.

Ukraine crisis another nudge for joint EU bonds

The path to permanent joint bond sales by euro zone governments will be long and bumpy, but Russia's invasion of Ukraine may have helped clear the way.

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