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Wanda Commercial raises $3.7bn in IPO HONG KONG: Chinese shopping mall developer Dalian Wanda Commercial Properties Co. has raised $3.7 billion in an initial public offering in Hong Kong, a report said Tuesday, making it the biggest in the world by a real estate firm.The company, owned by the property arm of Dalian Wanda Group, sold 600 million shares at HK$48 ($6.19) apiece -- near the higher end of its indicative price range, Dow Jones Newswires said, citing people close to the matter.The sale beats the $2.9 billion IPO of Singapore's Global Logistic Properties in 2010, the newswire said.The Beijing-based company, controlled by Chinese billionaire Wang Jianlin, is one of the world's largest developers of shopping malls, owning dozens across China. Its parent group bought US cinema chain AMC Entertainment Holdings two years ago.The IPO comes at a difficult time for China's property market, where prices have been falling for months and construction rates have been ...

Taiwan to keep interest rate steady for 14th straight quarter TAIPEI: Taiwan's central bank is expected to leave its policy interest rate unchanged for the 14th quarter in a row on Thursday, but it may express concern about next year's economic outlook.All 13 economists polled by Reuters forecast the key discount rate would be kept unchanged at 1.875 percent at the central bank's quarterly meeting.This year is on track to be a bumper one for export orders for the island's export-driven economy. Demand has been ...

Thai central bank chief says no measure needed to support baht now BANGKOK: Thailand's central bank governor said on Tuesday there is no plan to take measures to support the baht at present as it was still moving in line with the country's economic fundamentals, despite sharp falls in Thai share prices. Bank of Thailand Governor Prasarn Trairatvorakul said he had not seen "unusual capital outflows" following the stock declines, which he saw as temporary. "We don't think we have to do anything special at the moment, ...

PBOC skips open market operations for 6th session SHANGHAI: China's central bank will skip open market operations for the sixth straight session on Tuesday, traders said. No central bank bills or bond repurchase agreements will mature next week. The People's Bank of China (PBOC) conducted a net injection of 5 billion yuan into the banking system last week. Copyright Reuters, 2014

Singapore-listed Yoma to get $100mn ADB loan for Myanmar projects SINGAPORE: The Asian Development Bank has approved a loan of up to $100 million to Singapore-listed Yoma Strategic Holdings, which the company said it plans to use to invest in infrastructure and logistics projects in Myanmar. Yoma said $50 million would be earmarked to build telecom towers, develop cold storage logistics and vehicle fleet leasing. The second half of the loan will fund other projects in transportation, distribution, logistics and other sectors. Yoma, chaired by ...

BoJ to stand pat as Abe's poll win offers hope in deflation fight TOKYO: Prime Minister Shinzo Abe's landslide victory in Sunday's vote may be a double-edged sword for the Bank of Japan, which is looking to work with Abe to push for wage growth but may also face pressure to expand stimulus to bolster the fragile economy. At the two-day meeting ending on Friday, which is the last review for the year, the central bank is widely expected to keep monetary settings unchanged and offer a slightly ...

BoJ tankan: Japan firms expect CPI to rise 1.4pc a year from now TOKYO: Japanese companies expect consumer prices to rise an average 1.4 percent a year from now, slightly lower than their projection three months ago, a central bank survey showed on Tuesday, underscoring their doubts over the Bank of Japan's pledge to achieve its 2 percent inflation target next fiscal year. Three months ago, companies expected prices to rise 1.5 percent over the next year. Firms polled by the BOJ, as part of its detailed "tankan" ...


Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln