Money

Japan inflation unchanged at 3.1 pct in March

Japan's consumer prices rose 3.1 percent in March, matching last month's figure and roughly in line with expectations, as inflation slows from four-decade highs, government data showed on April 21.

The figure, which excludes volatile fresh food prices, was marginally higher than market expectations of a 3.0 percent rise and even with February numbers.

Greece to reopen 10-year bond

Greece will reopen a 10-year issue on Wednesday, seeking to raise up to 300 million euros from the market. 

The 10-year bond issue offers a coupon of 4.25% and has a maturity date of June 16, 2033. The settlement date will be Wednesday, April 26. 

EU plans to keep taxpayer cash from being used to save failing banks

The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte dei Paschi di Siena six years ago.

Proposals from the EU's executive seek to ensure that banks hold enough resources, in particular debt that can be written down to release cash in a crisis, to avoid taxpayer handouts.

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