SHANGHAI (Reuters) – Two Chinese money brokers said that they will ensure anonymity in the bond quotation process, after traders said some in the market had been avoiding state banks as trading counterparts amid fears of regulatory scrutiny over reckless bond-buying. Tullett Prebon SITICO (China) Ltd and CITIC Central Tanshi said late on Friday that …
Chinese money brokers pledge anonymity in bond quotation Read More »
By Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank is ready to work with the finance ministry despite having different views on certain issues, its governor said on Saturday. Prime Minister Paetongtarn Shinawatra, sworn in last week, has called central bank independence an “obstacle” to economic growth. Paetongtarn’s predecessor, Srettha Thavisin, was dismissed as prime minister …
Thai central bank can work with finance ministry, governor says Read More »
SHANGHAI (Reuters) – China’s financial regulators approach bond market oversight based on market principles and from macro-prudential and compliance perspectives, state media on Saturday, rejecting claims of market intervention. Chinese authorities in recent weeks halted a long, frenzied rally in the world’s second-largest bond market and squelched trading volume with repeated warnings about the risks …
China regulates bond market based on market principles, state media says Read More »
TAIPEI (Reuters) – Taiwanese conglomerate CTBC Financial late on Friday raised its bid for Shin Kong to a 51% stake of the company, challenging an existing plan for its smaller rival to merge with Taishin. Updating a previous announcement from Tuesday, CTBC said it had upped its purchase plans from a 25% stake, at a …
Taiwan’s CTBC raises bid size for Shin Kong to 51% stake Read More »
By Leika Kihara and Howard Schneider JACKSON HOLE, Wyoming (Reuters) – The Bank of Japan can raise interest rates gradually as heightening inflation expectations leave further scope to normalise its ultra-loose monetary policy, the International Monetary Fund said on Friday. The speed of further rate increases will be “very data-dependent,” as the BOJ will look …
IMF sees scope for Bank of Japan to keep raising rates Read More »
By Leika Kihara JACKSON HOLE, Wyoming (Reuters) – The U.S. Federal Reserve’s dovish shift will likely give the Bank of Japan some respite in its battle to tame a weak yen, but could complicate its efforts to raise interest rates if the two central banks’ diverging policy paths keep markets jittery. At an annual symposium …
Analysis-Fed’s dovish shift a mixed blessing for BOJ rate hike plan Read More »
By Casey Hall and Sophie Yu SHANGHAI/Beijing (Reuters) – E-commerce retailer JD.com needs to convince investors of its relevance amid a stagnant Chinese e-commerce market, aggressive price war and now, the departure of Walmart, its biggest shareholder. Walmart announced this week a full exit from the Beijing-based e-commerce platform, selling off its $3.74 billion stake, …
Analysis-Walmart’s exit raises questions about JD.com’s future Read More »
By Joanna Plucinska and Lisa Barrington LONDON/SEOUL (Reuters) -Singapore Airlines, British Airways and Lufthansa have increased their flights over Afghanistan after years of largely avoiding it now the Middle East conflict has made it seem a relatively safe option. The carriers mostly stopped transiting Afghanistan, which lies on major routes between Asia and Europe, three …
Airlines fly over Afghanistan as Middle East becomes the greater risk Read More »
BEIJING (Reuters) – Chinese smartphone maker Honor said on Friday it has received an undisclosed amount of investment from China Mobile’s parent company, as the former Huawei unit gears up towards an initial public offering (IPO). Honor has been receiving an “unusually” high level of support from southern China’s Shenzhen government, including funding for research …
Chinese smartphone maker Honor gets investment from China Mobile Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator late on Thursday banned Anil Ambani, one of India’s best-known businessmen, and 24 others from the securities market for five years on charges of diversion of funds. The Securities and Exchange Board of India (SEBI) also imposed a fine of 250 million rupees (about $3 million) …
Anil Ambani banned from Indian securities market for 5 years Read More »
