Mexico’s antitrust body has fined seven banks a total of $1.5 million, only 4% of potential penalties, following a four-year investigation into alleged price rigging in the peso bond market, according to a document seen by Bloomberg News.
Indonesia sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus outbreak, said the finance minister.
U.S. Federal Reserve officials will meet this week for the first time since Democrats took control of the Senate earlier this month, which has raised the odds of new President Joe Biden and his congressional allies passing a big pandemic relief package.
Rates traders say there’s one message they want to hear most from Jerome Powell this coming week: reassurance that the Federal Reserve’s $120 billion of monthly bond purchases will continue unabated for the foreseeable future.
Hedge funds have fallen back in love with technology giants after spending the final months of last year cutting back on these stocks.
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