German bunds gain after August industry orders disappoint; industrial production eyed

Oct 07, 2019 10:24 am UTC| Commentary Economy

The German bunds gained during European trading session Monday following disappointment in the countrys industry orders for the month of August, while industrial production is still eyed for the similar period, due for...

Germany’s industry orders fall wider than market estimates; economic output unlikely to accelerate significantly

Oct 07, 2019 09:50 am UTC| Commentary Economy

Germanys industry orders fell by 0.6 percent during the month of August compared to that in July, which is more than expected. Leading indicators such as Ifo expectations also indicate that the downward trend in German...

Russian ruble unlikely to weaken; interest rate developments likely to be roughly RUB-neutral, says Commerzbank

Oct 07, 2019 09:07 am UTC| Commentary Economy

The Russian ruble is not expected to weaken despite a 25bp interest rate cut likely to be adopted by the Central Bank of Russia (CBR); however, interest rate developments in the country are likely to roughly RUB-neutral,...

MAS to slightly reduce slope of S$NEER policy band to around 0.5 pct at the upcoming semi-annual policy meeting, says Scotiabank

Oct 07, 2019 06:54 am UTC| Commentary Central Banks Economy

The Monetary Authority of Singapore (MAS) is expected to slightly reduce the slope of its S$NEER policy band to around 0.5 percent from the current 1.0 percent annual pace at the upcoming semi-annual policy meeting, given...

Australian bonds open trading week on higher note tracking U.S. Treasuries following global economic concerns

Oct 07, 2019 04:40 am UTC| Commentary Economy

The Australian government bonds opened on a higher note on the first trading day of the week Monday, tracking a similar movement in the United States Treasuries following global economic concerns, after employment data in...

How multinationals continue to avoid paying hundreds of billions of dollars in tax – new research

Oct 04, 2019 14:41 pm UTC| Insights & Views Economy

Tax havens have become a defining feature of the global financial system. Multinational companies can use various schemes to avoid paying taxes in countries where they make vast revenues. In new research, my colleague Petr...

Mobile-based lending is huge in Kenya: but there’s a downside too

Oct 04, 2019 14:38 pm UTC| Insights & Views Economy

Over the past 10 years mobile-based lending has grown in Kenya. Some estimates put the number of mobile lending platforms at 49. The industry is largely unregulated but includes major financial players. Banks such as Kenya...