The yen’s slide is seen continuing even as Japanese officials ramp up intervention rhetoric, according to UBS Group AG strategists, who see the dollar-yen pair reaching 175 by year-end in an “extended disruption” scenario. If oil prices were to rise toward $150 a barrel, “using FX intervention to try to control inflation could potentially be a case of providing the market a higher level at which t...
The yen’s slide is seen continuing even as Japanese officials ramp up intervention rhetoric, according to UBS Group AG strategists, who see the dollar-yen pair reaching 175 by year-end in an “extended disruption” scenario. If oil prices were to rise toward $150 a barrel, “using FX intervention to try to control inflation could potentially be a case of providing the market a higher level at which to sell JPY, at the expense of running down FX reserves without necessarily changing the trajectory,” strategists including Shahab Jalinoos said in a note published Wednesday. Efforts to curb inflation may instead rely more on fiscal measures such as energy subsidies, they added. In that scenario, markets may conclude that Japanese policymakers are not intent on halting the yen’s weakness amid a global stagflation environment, with the resulting terms-of-trade shock pushing dollar-yen significantly higher. Read: Japan’s Latest Warnings on FX Intervention Help Buoy Yen The call comes as dollar-yen broke above the 160 level for the first time since 2024 on Friday, prompting increasingly forceful warnings from policymakers. Japan’s top currency official Atsushi Mimura flagged the risk of “ decisive action ,” while Bank of Japan Governor Kazuo Ueda reiterated that exchange-rate moves are a factor for policy. Finance Minister Satsuki Katayama also signaled readiness to respond, underscoring heightened sensitivity to further yen weakness.
NASA’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. (Source: Bloomberg)
NASA’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. (Source: Bloomberg)
Global investors are pouring money into Malaysian bonds as the Iran conflict drives oil prices higher, bolstering the outlook for the energy-exporting nation while rattling other emerging-market peers. Global funds bought over $2 billion in Malaysian corporate and sovereign bonds as of March 19, marking the highest inflow in 10 months, according to the latest data from Bank Negara Malaysia. By con...
Global investors are pouring money into Malaysian bonds as the Iran conflict drives oil prices higher, bolstering the outlook for the energy-exporting nation while rattling other emerging-market peers. Global funds bought over $2 billion in Malaysian corporate and sovereign bonds as of March 19, marking the highest inflow in 10 months, according to the latest data from Bank Negara Malaysia. By contrast, debt markets in Thailand and Indonesia experienced capital outflows last month. Outflows from some of Southeast Asia’s bonds reflect a broader retreat from the emerging markets. Global emerging-market exchange-traded bond funds recorded a cumulative exodus of nearly $1 billion in the month through March 27, according to data compiled by Bloomberg. Malaysia’s decoupling stems from a projected oil-revenue windfall that cushions the economy while rising crude prices from the Iran war pressure finances of other nations. The fiscal support also anchors inflation, buoying Malaysian sovereign bonds and the ringgit as regional peers struggle. “Malaysia’s bond market continues to attract foreign demand due to its macro stability, a firmer ringgit relative to ASEAN peers and fiscal consolidation,” said Peerampa Janjumratsang , a portfolio manager for fixed income at M&G Investments in Singapore. She expects Malaysian bonds to remain relatively stable during the Iran conflict and maintains an overweight position. A recent Bloomberg study of five energy shocks since 2022 — ranging from the start of the Ukraine war to the latest Middle East conflict — ranks Malaysian bonds as one of the most resilient in emerging Asia. That performance is underpinned by Malaysia’s commitment to protect local consumers from rising oil prices. The government signaled it will maintain subsidized fuel prices , despite a reduction in the monthly quota. The move contrasts with Thailand’s recent diesel subsidy cuts and a national energy emergency declaration in the Philippines. Malaysia’s fiscal consoli...
据一封致股东的信函显示,KKR旗下非上市商业发展公司KKR FS Income Trust在赎回请求激增后限制了赎回。 这支名为K-FIT的基金在2026年第一季度收到了约占已发行股份6.3%的赎回请求,根据周二发布的信函,该基金计划满足其中约80%的请求。 另一方面,KKR FS Income Trust Select(简称K-FITS)回购了股东要求赎回的全部约3.7%的份额。信中指出,本季度...
Amazon.com (NasdaqGS:AMZN) is reportedly in advanced talks to acquire satellite telecom company Globalstar. The potential deal would expand Amazon's presence in satellite communications beyond its existing Project Kuiper plans. Apple is a significant equity holder in Globalstar, adding a competitive and partnership angle to any transaction. For you as an investor, this potential move puts Amazon's...
Amazon.com (NasdaqGS:AMZN) is reportedly in advanced talks to acquire satellite telecom company Globalstar. The potential deal would expand Amazon's presence in satellite communications beyond its existing Project Kuiper plans. Apple is a significant equity holder in Globalstar, adding a competitive and partnership angle to any transaction. For you as an investor, this potential move puts Amazon's satellite ambitions in a different light. The company is already building out Project Kuiper...