Hints and tips:
Related Special Reports
...Construction on the Kremlin’s long-planned mega-pipeline connecting Russia’s western gasfields with China is expected to be delayed, the prime minister of Mongolia has warned, in a blow to Moscow’s plans...
...for the bank ahead of a potential sale....
...Khovsgol is Mongolia’s largest lake by volume and one of the oldest bodies of fresh water on earth, created by tectonic activity more than 2mn years ago....
...Baatar, who helped the mining group turn around the expansion of the vast Oyu Tolgoi copper mine in Mongolia, will take over from Alf Barrios in heading its commercial and business activities....
...But for large swaths of Mongolia’s 3.4mn people, such promises ring hollow....
...The World Bank has warned Mongolia that fiscal discipline remains essential in the short term....
...“Taken together, the absence of news and the passage of time have brought a Bank Rate cut somewhat closer,” Pill said on Tuesday....
...The Bank of Japan is likely to hold off from raising interest rates next week but investors expect the central bank to outline its response to rising inflationary pressures caused by the yen’s decline....
...The bank reported a return on tangible equity — a key measure of bank profitability — of 12.3 per cent, down from 15 per cent last year but ahead of its target of more than 10 per cent for 2024....
...Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied...
...Trade body UK Finance said the BoE had highlighted “a number of important issues” that banks needed to consider in terms of exposure to private equity....
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...Seven banks — out of 45 then operating in the country — have been granted presidential approval, including Mercedes-Benz Bank, Ikano, J&T and Intesa....
...Chinese dairy giant Yili Group, a private company, established a PAFD late last year, making it the first such unit at a non-SOE in Inner Mongolia, where the company has its headquarters....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...The Bank of England is widely expected to keep interest rates on hold....
...“There is definitely demand in this area,” Mongolia’s minister of labour and social protection, Khurelbaatar Bulgantuya told me....
...The Bank of Japan has ended an era of negative interest rates, raising borrowing costs for the first time since 2007 in a historic shift as the country puts decades of deflation behind it....
...But the bank warned that inflation remains “elevated” for service prices, which rose at an annual rate of 6.1 per cent last month....
...This is an audio transcript of the FT News Briefing podcast episode: ‘Bank of Japan ditches negative rates’Sonja HutsonGood morning from the Financial Times....
...Bank of England’s forecasting methods, which will land soon....
...“I would definitely be in favour of a rate cut in June,” German central bank boss Joachim Nagel said on Wednesday. “However, such a step would not necessarily be followed by a series of rate cuts.”...
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch sourced in market-based finance”....
...Ben Bernanke was brutally honest about the failings of the Bank of England’s economic modelling when he published a long-awaited review of its forecasting processes on Friday....
...Violence flared in the occupied West Bank on Saturday as settlers torched cars and buildings in Palestinian villages after the killing of an Israeli teenager in what the Israeli military said was a “terrorist...
International Edition