(Reuters) -Investors from outside Asia piled into bonds from the region in April, especially in the second half of the month, seeking to diversify from the United States in their quest for markets with stable, high yields and appreciating currencies. These investors bought bonds worth $8.92 billion, on a net basis, in April, the highest …
Asian bonds draw largest foreign inflow in eight months in April Read More »
MANILA (Reuters) -Philippine budget airline Cebu Pacific said on Wednesday it would lease two Airbus A320 jets to Saudi budget carrier flyadeal to generate revenue from its excess capacity during the Southeast Asian country’s low season. In the “wet lease” agreement, Cebu Pacific will rent the narrow-body aircraft, along with its pilots, crew and maintenance, …
Philippines’ Cebu Pacific to lease two jets to Saudi’s flyadeal in lean months Read More »
MANILA (Reuters) -Philippine budget airline Cebu Pacific said on Wednesday it would lease two Airbus A320 jets to Saudi budget carrier flyadeal to generate revenue from its excess capacity during the Southeast Asian country’s low season. In the “wet lease” agreement, Cebu Pacific will rent the narrow-body aircraft, along with its pilots, crew and maintenance, …
Philippines’ Cebu Pacific to lease two jets to Saudi’s flyadeal in lean months Read More »
HONG KONG (Reuters) -Xiaomi shares jumped as much as 3.4% on Wednesday after it reported record first-quarter revenue and profit and said its shift towards higher-end products from smartphones to home appliances was already paying off. The Hong Kong-listed shares of the world’s third-largest smartphone maker, whose products also extend to cars, rose to HK$53.3 …
China’s Xiaomi shares jump after record profit and revenue Read More »
SYDNEY (Reuters) -EBOS Group’s major shareholder Sybos is selling down NZ$949 million ($566.74 million) worth of shares in the New Zealand-based medical equipment manufacturer, according to a term sheet by Reuters. The investor is selling 26.74 million shares at NZ$35.50 each, an 8.9% discount to the stock’s closing price on Wednesday, the term sheet showed. …
EBOS Group’s major shareholder Sybos launches NZ$949 million selldown, term sheet shows Read More »
MILAN (Reuters) -Carmaker Stellantis has appointed Antonio Filosa, the Italian head of its North American operations, as its chief executive, effective from June 23, it said on Wednesday. Following are some facts about the new head of the group whose brands include Fiat, Peugeot and Jeep: * Filosa has headed Stellantis operations in North America …
Factbox-From trainee to CEO: Antonio Filosa, the new boss of Jeep maker Stellantis Read More »
(Reuters) -Hong Kong’s pensions regulator has told the city’s pension funds they may need to adjust their investment portfolios to reflect the impact of a downgrade to the U.S. sovereign credit rating, according to a statement. Ratings agency Moody’s cut America’s pristine sovereign credit rating by one notch earlier this month, the last of the …
Hong Kong regulator prods pension funds on US rating downgrade implications Read More »
By Amy Lv and Hongmei Li SINGAPORE (Reuters) -China says it wants to cut crude steel output this year but traders and steelmakers are betting Beijing won’t follow through as industry profitability improves and trade tensions weigh on the economy. The world’s largest steel producer in March unveiled plans to cut output and restructure its …
Steel industry doubts China will enforce output cut plans Read More »
By Vidya Ranganathan and Carolina Mandl SINGAPORE/NEW YORK (Reuters) -Japan, one of the world’s most indebted developed economies, this week also turned into a saviour of sorts for its own bond market and globally. When Reuters reported on Tuesday Japan’s ministry of finance (MOF) may reduce issuance of super-long tenor debt, bond markets from Japan …
Japan’s quick-fix for bond markets sets a global test case Read More »
By Kevin Buckland TOKYO (Reuters) -Long-dated Japanese government bond yields rose further from three-week lows on Wednesday, after demand at a closely watched 40-year bond auction dropped to its lowest level since July. The 40-year JGB yield jumped 9 basis points (bps) to 3.375%, as of 0514 GMT, rebounding sharply from 3.285% on Tuesday, its …
Super-long JGB yields extend climb from multi-week lows after weak auction Read More »
