Indonesia’s biggest pension fund is preparing to put more money into stocks and bonds, betting the fastest pace of economic growth in Southeast Asia will continue.
The won’s world-beating rally is encouraging South Koreans to invest abroad at a time when global funds are snapping up local equities and bonds.
Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on April 25.
The Brazilian overnight loan market between banks is shrinking as the biggest lenders have pulled back, affecting the rate tied to $865 billion of securities and mutual funds, said two people with direct knowledge of the matter.
It has been labeled a “blood- sucking vampire” by a prominent commentator on state-run television. Executives at China’s largest banks have called for regulators to curb its rapid expansion.
Brazil’s central bank provided a lifeline to small-sized lenders facing a funding squeeze amid Europe’s deepening debt crisis by encouraging bigger rivals to purchase some of their assets.