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Central Banks

Dropping global bond yields, recession fears put BOJ in a bind

Downward-spiralling bond yields and other potential signs of global recession have strung a tightrope for the Bank of Japan: it must keep pumping money aggressively to spur growth, but also prevent borrowing costs from sliding too far below the target.

Business Video

Argentine peso ends higher after central bank sells dollars

Argentina's promises to defend its beleaguered peso gained credibility on Tuesday after the central bank poured $112 million (£92.08 million) of its reserves into dollar auctions, helping to boost the currency about 0.5% a day after steep losses.

German economy could continue to shrink - Bundesbank

The German economy could have continued to shrink over the summer as industrial production drops amid a dearth of orders, the Bundesbank said on Monday, suggesting that the euro zone's biggest economy is now in a recession.

Business News