* BOJ keeps interest rate targets unchanged. * Board revises up next fiscal year's inflation forecast. * Risks to Japan's price outlook balanced - quarterly report. * Gov Kuroda expected to brief media 0630 GMT. By Leika Kihara and Tetsushi Kajimoto.
While big U.S. bank bosses were optimistic on the economic outlook on Friday, pointing to an uptick in some lending businesses and a jump in consumer spending, investors were skeptical on the growth outlook for the sector.
While big U.S. bank bosses were optimistic on the economic outlook on Friday, pointing to an uptick in some lending businesses and a jump in consumer spending, investors were skeptical on the growth outlook for the sector.
Lebanon's central bank said on Friday it aimed to boost the Lebanese pound's value by easing restrictions on dollar purchases after the currency hit a record low, fuelling fresh protests about rising prices and a collapsing economy.
- U.S. central bankers, in a last flurry of public comments before their upcoming January policy meeting, are making it crystal clear: they'll likely start raising interest rates as early as March to rein in high inflation likely to be made worse by the current surge of COVID-19.
Stock-picking hedge funds globally outperformed the broader sector with double-digit returns in 2021, despite a year beset by volatility and a new force of unpredictable retail traders flooding into the market to support "meme stocks." On average, equities hedge funds made gains of 12.3% in 2021, compared with 10% for peers more generally, according to data from industry tracker eVestment.
* UMH PROPERTIES INC - HAS REDUCED INTEREST RATE FOR QUALIFIED HOME BUYERS FROM 5.99% TO 4.99% WITH ITS THIRD-PARTY LENDING PROGRAM Source text for Eikon:
Stock-picking hedge funds globally outperformed the broader sector with double-digit returns in 2021, despite a year beset by volatility and a new force of unpredictable retail traders flooding into the market to support "meme stocks." On average, equities hedge funds made gains of 12.3% in 2021, compared with 10% for peers more generally, according to data from industry tracker eVestment.
* Dollar index at two-month low. By Seher Dareen. Gold prices held a tight range on Thursday as investors waited for more economic cues and clarity on the Federal Reserve's interest rate hike trajectory, but a retreat in the dollar kept bullion close to a one-week peak hit in the last session. Spot gold had fallen 0.1% to $1,822.90 per ounce by 1254 GMT.
World Bank President David Malpass said on Tuesday that central banks should reduce long-term bond holdings rather than shrinking short-term assets, as this would free up more bank capital for small business loans and could help tame inflation. Malpass told a news conference that the central banks' amassing of massive balance sheets has crowded out capital available for small businesses.
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