The Bank of Japan on Thursday offered to buy an unlimited amount of Japanese government bonds at fixed rates for the first time since the introduction of a new policy framework — a sign of its concerns over recent rises in yields. Source MarketWatch
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A top Chinese official has claimed several high-ranking members of the Communist Party had plotted to seize power from President Xi Jinping.
These party members have since been arrested or jailed in a wide-reaching corruption crackdown launched by Mr Xi. Some observers have said the crackdown was used to conduct a political purge of Mr Xi’s opponents. Source BBC
Ericsson underperformed already low expectations as it reported a decline in third-quarter sales and big loss as the Swedish telecoms equipment maker continues to struggle. Sales in the third quarter fell by 6 per cent to SKr47.8bn, in line with analyst forecasts, but Ericsson announced an operating loss of SKr4.8bn, well ahead of average estimates of a loss of SKr3.5bn. Source Financial Times
The Pentagon has stated that the United States will continue to cooperate with the Syrian Democratic Forces (SDF), a militant group dominated by the Syrian Kurdish Peoples’ Protection Units (YPG), an armed group viewed as a terrorist by Turkey. Source: Hurriyet Daily News