Morning Bid: Yen traders eye BOJ minutes, China eyes rebound
The final trading week of the first half of the year gets underway on Monday, with Asia’s scorecard looking reasonably positive from an equity perspective, mixed through a currency and bond lens, and more bleak from a Chinese market angle. Chinese stocks will be looking to stop the rot and halt the recent decline that […]
Sberbank’s profits may hit new record as sanctions cull competition
Sberbank (SBER.MM), expects to send at least $11.6 billion in tax and dividends to Russia’s federal budget this year and may build on 2023’s record profits as Western sanctions reduce competition, its finance chief told Reuters. The country’s largest bank made record annual profits of 1.5 trillion roubles ($17.27 billion) for 2023, about 45% of total banking […]