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JGBs firm after decent demand in 2-year auction TOKYO: Japanese government bond prices were little changed on Thursday, with the market relieved after witnessing decent investor demand for newly auctioned two-year debt.The benchmark 10-year yield stood unchanged at 0.335 percent.The yield has gyrated between a record low of 0.195 percent struck in January and a recent peak of 0.450 percent hit earlier this month, with lacklustre auction results proving a catalyst for market volatility on a few occasions.Auction results have drawn more attention from participants as lower liquidity, a result of massive debt purchases under the Bank of Japan's extensive easing scheme, has made the market more volatile.The bid-to-cover ratio, a gauge of demand, at Thursday's 2.7 trillion yen ($22.70 billion) two-year sale rose to 4.39 from 4.25 at the previous auction in January. March 10-year JGB futures was flat at 147.85 after touching a three-week peak of 148.00 on options-related bids, market players said.Copyright Reuters, 2015

Deutsche Bahn cuts sales goal, drops acquisition plans BERLIN: German state-owned railway operator Deutsche Bahn has cut its long-term sales target by almost one third and dropped plans for acquisitions, Frankfurter Allgemeine Zeitung reported on Thursday, citing chief executive Ruediger Grube.Berlin-based Deutsche Bahn is now targeting only 50 billion euros ($56.78 billion) of sales by 2020, compared with an original goal of 70 billion as spelled out in the company's "Strategy 2020" roadmap, the newspaper said. Plans to generate 14 billion euros of ...

Geely's Volvo Car Group posts 2014 profit rise STOCKHOLM: Geely-owned carmaker Volvo Car Group said on Thursday its operating profit rose 17.5 percent last year as growth for the brand in China and Europe drove sales to a record, offsetting the impact of an eroding market share in the United States. The Gothenburg-based company, bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, said full-year operating earnings rose to 2.25 billion Swedish crowns ($302.00 million) from 1.92 billion ...

Malaysia's Sime Darby Q2 net profit plunges 47pc KUALA LUMPUR: Sime Darby Bhd, the world's biggest listed palm oil producer, announced on Thursday a 47 percent tumble in its second-quarter profit, dragged by weak commodity prices.Net profit for the October-December period declined to 437.4 million ringgit ($121.62 million) from 818.3 million ringgit a year ago, Sime Darby said in a stock exchange filing. Revenue, however, inched up 0.3 percent to 10.74 billion ringgit.The benchmark May contract on the Bursa Malaysia Derivatives Exchange was ...

Fukoku shuns JGBs after liquidity dries up amid BOJ easing TOKYO: Fukoku Mutual Insurance Co has slashed its buying of Japanese government bonds because market liquidity has dried up amid the Bank of Japan's massive bond-buying programme, the president of the midsize life insurer said on Thursday.Instead of JGBs, Fukoku is likely to continue buying foreign bonds with hedges against currency swings in the fiscal year starting in April as it seeks assets that offer higher yields than domestic debt, Yoshiteru Yoneyama told Reuters in ...

Malaysia Maybank Q4 net up 11.5pc on higher Islamic banking income KUALA LUMPUR: Malayan Banking Bhd (Maybank), Malaysia's largest bank by assets, posted on Thursday an 11.5 percent rise in fourth-quarter profit, driven by higher interest income and Islamic banking income.Net profit for October-December was 1.93 billion ringgit ($536.63 million) compared with 1.73 billion ringgit a year ago, Maybank said in a stock exchange filing. Revenue rose 16.8 percent to 9.7 billion ringgit.Copyright Reuters, 2015

Japan companies to jointly work on self-driving car technology TOKYO: Japan's big three automakers will team up with electronics giants and the government in a bid to propel the country into the front ranks of self-driving car technology, officials and local media said Thursday."We will set up a so-called self-navigation business conference so that we can discuss what measures we need to take," a land and transport ministry official said, adding that they have yet to set the agenda.The Nikkei business daily said the ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln