*Bank of Japan steps up asset purchases to boost economy. Treasury debt market rallied on Thursday as investors sought higher-yielding dollar assets after the Bank of Japan said it would step up asset purchases to boost its economy, sending Japanese bond yields to record lows.
TOKYO, April 4- The yen dropped sharply on Thursday after the Bank of Japan announced aggressive easing, unveiling a plan to double its holdings of bonds and stocks in two years, ending doubts that it would underdeliver as it had often done in the past.
NEW YORK-- Natural gas producer Quicksilver Resources gave back some gains on Tuesday, a day after getting a bounce from its decision to sell a 25 percent stake in its Barnett Shale oil and gas assets to a subsidiary of Tokyo Gas Co. for $485 million.
*Board meets April 3-4, decision seen April 4, 0330-0530 GMT.
Citigroup alone has more than US $55 bn of deferred tax assets- up from US $13.5 bn in 2007- which chief executive Michael Corbat said he plans to "consistently utilise" over the next few years.
BEIJING, March 27- China's banking watchdog has ordered banks to strengthen checks on the underlying assets of a range of wealth management products to ward off potential risks to the financial system.
March 27- Fitch Ratings upgraded the Philippines' Long-Term Foreign-Currency Issuer Default Rating to' BBB-' from' BB+'. Key Rating Drivers The upgrade of Philippines' sovereign ratings reflects the following factors:- The Philippines' sovereign external balance sheet is considered strong relative to' A' range peers, let alone' BB' and' BBB' category medians.
HONG KONG, March 27 Fitch Ratings upgraded the Philippines' Long-Term Foreign-Currency Issuer Default Rating to' BBB-' from' BB+'. The upgrade of Philippines' sovereign ratings reflects the following factors:. -The Philippines' sovereign external balance sheet is considered strong relative to' A' range peers, let alone' BB' and' BBB' category medians.
ATHENS, March 26- Emergency liquidity assistance to Greek lenders from their own central bank dropped by a third in February, in a sign of progressing normalisation of the country's banking system, Bank of Greece data showed on Tuesday. ELA funding fell to 21.16 billion euros at end-February from 31.42 billion euros the previous month.
The smallest of Ireland's three remaining domestically-owned banks, permanent tsb was handed approval by the country's EU and IMF lenders last year to seek out a viable future by moving bad assets off its balance sheet. Mortgage arrears climbed due to an economic crisis that has left Ireland's unemployment rate hovering above 14 percent.
FRANKFURT, March 26- The balance sheet of the European Central Bank and the 17 national central banks in the euro zone contracted by 5.143 billion euros to 2.643 trillion euros in the week ending March 22, the ECB said on Tuesday.
*Buying 5- year JGBs an option-Kuroda. *Remarks push 10- yr JGB yield to near decade low. TOKYO, March 26- Bank of Japan Governor Haruhiko Kuroda said the central bank will seek to push down market interest rates by purchasing longer-dated government bonds, underscoring its resolve to expand its balance sheet more aggressively to beat deflation.
*Buying 5- year JGBs an option-Kuroda. *Remarks push 10- yr JGB yield to near decade low. TOKYO, March 26- Bank of Japan Governor Haruhiko Kuroda said the central bank will seek to push down market interest rates by purchasing longer-dated government bonds, underscoring its resolve to expand its balance sheet more aggressively to beat deflation.
LONDON, March 26- Splitting the state-backed Royal Bank of Scotland to rid it of bad assets is an option but would be a slow process, Britain's finance ministry said on Tuesday. A ministry official speaking to lawmakers alongside finance minister George Osborne said: "Obviously this is an option." Osborne sounded cautious about the prospect.
*Buying 5- year JGBs an option-Kuroda. *Says expanding monetary base alone is not enough. TOKYO, March 26- Bank of Japan Governor Haruhiko Kuroda said the central bank will seek to push down yields across the curve by purchasing longer-dated government bonds, underscoring its resolve to expand its balance sheet more aggressively to beat deflation.
*Buying 5- year JGBs an option-Kuroda. *Says expanding monetary base alone is not enough. TOKYO, March 26- Bank of Japan Governor Haruhiko Kuroda said the central bank will seek to push down yields across the curve by purchasing longer-dated government bonds, underscoring its resolve to expand its balance sheet more aggressively to beat deflation.
TOKYO, March 26- Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank will seek to expand its balance sheet by buying medium- to long-term assets to push down yields across the curve.
NEW YORK, March 25- Though the U.S. Federal Reserve may revise its two year-old plan for eventually reducing assets on its balance sheet, it continues to expect to raise rates before possibly selling off some of the assets, a top Fed offcial said on Monday.
By Leika Kihara and Stanley White. TOKYO, March 21- The new governor of the Bank of Japan said the central bank is ready to use all means available, including buying longer-term assets, to achieve its 2 percent inflation target, underlining his resolve to beat nearly two decades of grinding deflation.