The Bank of Japan (BOJ) has updated its yield curve control (YCC) policy, as revealed in its latest release on Tuesday. The policy now allows 10-year Japanese government bond (JGB) yields to exceed 1%, while maintaining the target at 0%. This is a significant shift from the BOJ’s previous strategy…

Securities and Exchange Commission Chair Gary Gensler has plenty to worry about as he seeks to bring order and fairness to America’s $100 trillion capital markets, and there are few issues that cause him more concern than the spread of artificial-intelligence technology.  In an exclusive interview with MarketWatch, the regulator…

COLOMBO (Reuters) – Sri Lanka has invited bids for state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a $2.9 billion International Monetary Fund (IMF) programme. The South Asian country secured a staff level IMF agreement on the first review of its…

Former Treasury Secretary Larry Summers believes that the current federal budget deficit poses a greater challenge for the economy than it has before in U.S. history. Summers said Tuesday during an event staged by the Center for American Progress, a Democratic Party-aligned think tank, that the U.S. budget deficit, which…

(Reuters) -Financial markets have got off to a volatile start to the week, after Hamas militants launched an assault on Israel at the weekend, triggering violent conflict that left hundreds dead. A bond market rout last week and currency gyrations already had financial markets on edge ahead of U.S. inflation…

FTX founder Sam Bankman-Fried insisted Tuesday that he was unaware that $8 billion of customer money had disappeared until just before his crypto exchange collapsed. As both the prosecution and defense rested in the criminal fraud case against him in federal court in Manhattan. Bankman-Fried said he had long stepped…

SHANGHAI (Reuters) – China’s short-term money rates spiked on Tuesday, the last trading day of the month, driven up by higher seasonal demand for cash, while markets continue to expect the central bank to inject more liquidity in coming months to shore up a fragile economic recovery. The benchmark overnight…

The Reserve Bank of Australia’s Assistant Governor, Brad Jones, has highlighted growing global economic challenges in a recent speech delivered in Sydney. These threats are being amplified by significant technological transitions, political shifts, and environmental changes. Jones warned of unprecedented economic “shocks” stemming from geopolitical tensions, climate change, and internal…

The Federal Reserve is hunting for a unicorn by holding U.S. interest rates steady and hoping that’s enough to bring inflation down to 2% without a recession.Historically, soft landings are terribly scarce and perhaps only exist in the eye of the beholder. The challenges policymakers face in the coming months show why. Despite…

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Bank of Japan further loosened its grip on long-term interest rates by tweaking its bond yield control policy again on Tuesday, taking another small step towards dismantling its controversial monetary stimulus of the past decade. While it kept ultra-low interest rates…