New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks.
New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks.
By Reuters Staff
(Adds debt agency statement)
BUDAPEST, April 12 (Reuters) - Hungary’s central bank is committed to buy green government bonds as part of its asset purchase programme, the bank said on Monday in a reply to Reuters questions about a 30-year green government bond issue planned for this month.
The new forint-denominated green bond will be offered at an auction on April 22, the debt agency said in a reply to Reuters questions on Monday. The agency said it planned to sell 90 billion forints ($300 million) worth of the bond in 2021.
The National Bank of Hungary, led by an ally of Prime Minister Viktor Orban, has injected huge sums into the pandemic-hit economy over the past year, including billions of euros worth of government bond purchases. This has supported the local bond market at a time of surging borrowing needs.
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FILE PHOTO: U.S. House Ways and Means Committee Chairman Richard Neal (D-MA) speaks to reporters as House Democrats hold a news conference ahead of the final House passage of the Biden administration s $1.9 trillion coronavirus disease (COVID-19) relief bill on Capitol Hill in Washington, U.S., March 9, 2021. REUTERS/Joshua Roberts/File Photo
(Reuters) -Federally subsidized Build America Bonds will return as part of President Joe Biden’s $2 trillion-plus infrastructure package, the chairman of the House of Representatives Ways and Means Committee said on Thursday.
Richard Neal, a Democrat who will play a key role in shaping legislation for the plan, said he obtained assurances from U.S. Treasury Secretary Janet Yellen that the bonds, along with certain tax credit measures, will be included.
5 Min Read
HOUSTON (Reuters) - The Texas attorney general on Wednesday said state law allows the utilities regulator to cut billions of dollars from storm-inflated electric bills, an endorsement that came hours after the ouster of the regulator who opposed retroactive cuts.
FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura/File Photo
The drive to reverse $4.1 billion in emergency prices gained momentum after a magazine published inflammatory comments by Public Utility Commission Chair Arthur D’Andrea. In a March 9 call with Bank of America analysts and investors, he said he “tipped the scale” to protect utility profits. He also minimized the financial pain caused by storm pricing to municipal power companies.