WASHINGTON, Jan 20 ― World Bank President David Malpass yesterday criticised Microsoft's US$69 billion takeover of gaming developer Activision Blizzard as a questionable allocation of capital at a time when poor countries are struggling to restructure debts and fight Covid-19 and poverty.
“You have to wonder, wait a minute, is this the best allocation of capital?” Malpass said of the Microsoft deal. “This goes to the bond market. You know, a huge amount of flows are going to the bond market.” His comments echoed a similar call last week for central banks to cut long term bond holdings to free up lending capital.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Surveys: Risk of central bank hikes prompts investors to shun tech | Malay MailLONDON, Jan 18 — High-flying tech stocks, the darling of the pandemic, are the most shunned counters in the opening weeks of 2022 as investors see a flurry of rate hikes from central banks as the top risk to markets, investor surveys said today. A BofA survey conducted from Jan 7-13 among...
Source: malaymail - 🏆 1. / 86 Read more »
Bank of Japan lifts inflation forecast, no policy change | Malay MailTOKYO, Jan 18 ― Japan's central bank revised its inflation forecast today and adjusted its view of price risks, while leaving its monetary easing policy in place in a nod to lingering pandemic uncertainty. As prices rise swiftly in other economies, Japan's inflation remains relatively feeble, and...
Source: malaymail - 🏆 1. / 86 Read more »
Dollar fails to catch a lift from higher yields, Bank of Japan in focus | Malay MailNEW YORK, Jan 18 ― The Bank of Japan (BoJ) will probably slightly revise up its inflation forecast in a quarterly outlook report after the meeting, due to rising energy costs, Reuters reported last week citing sources, though the new projection will still be below the BoJ's 2 per cent target. The...
Source: malaymail - 🏆 1. / 86 Read more »
Bank of America profit beats estimates on loan growth, M&A boost | Malay MailNEW YORK, Jan 19 — Bank of America Corp reported a better-than-expected 30 per cent jump in quarterly profit today, as it benefited from loan growth as well as record-breaking M&A volumes that helped drive its investment banking business. Flush with cash and emboldened by soaring stock market...
Source: malaymail - 🏆 1. / 86 Read more »
SG police warn of fake bank hotlines in Google search advertisements, victims lost S$495,000The Singapore police have warned of scam advertisements on Google search where fake bank hotlines would appear when users search for banks' contact numbers.
Source: staronline - 🏆 4. / 75 Read more »