Australia banking watchdog publishes long-awaited capital rules
Australia’s banking regulator published on Monday a final set of rules asking banks to hold more capital against investor and interest-only home loans but less for business loans, in a move expected to affect loan pricing.
Nissan to spend $17.6 bln over 5 years in electrification push
Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry.
Amazon exec says Omicron’s impact on holiday spending uncertain
A senior Amazon.com Inc (AMZN.O) executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now.
Japan Oct retail sales boosted by fuel-price spike, broad trend still soft
Japan’s retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery despite an easing of COVID-19 curbs.
Currencies recover from Omicron chaos but analysts warn more volatility ahead
Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new strain.
It’s raining dividends, hallelujah! Canadian banks set to post strong results
Canada’s top six banks are expected to resume raising dividends and share buybacks after nearly a two-year hiatus and report strong quarterly earnings this week, which could boost the sector’s appeal to yield-hungry investors even as stocks trade close to all-time highs.
EXCLUSIVE Europe’s telcos want U.S. tech giants to help fund network costs
U.S. tech giants should bear some of the costs of developing Europe’s telecoms networks because they use them so heavily, chief executives of Deutsche Telekom (DTEGn.DE), Vodafone (VOD.L) and 11 other major European telecoms companies said on Monday.
Japan joins Israel in barring foreigners as Omicron worries spread
Japan said on Monday it would close its borders to foreigners, as the world’s third-largest economy joined Israel in taking the toughest measures against the new coronavirus variant Omicron, which also cast a cloud over Australia’s re-opening plans.
Stocks slip, havens rally as new COVID-19 variant spooks investors
Asian stocks suffered their sharpest drop in two months on Friday after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen, and the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 1.3%, its sharpest drop since September. Casino and beverage shares sold off […]
Refunds for cryptocurrency US constitution bidders are being hit by high fees
The people behind a botched attempt to buy a rare original copy of the United States constitution are facing a deluge of refunds, totaling up to $40 million for 17,000 donors. The people behind a botched attempt to buy a rare original copy of the United States constitution are facing a deluge of refunds, totaling […]
