05052016Thu
Last update: Thu, 05 May 2016 09am

Managed Funds

Business & Finance - Managed Funds

Mauritius 91-day Treasury bill yield edges up to 2.72pc PORT LOUIS: The weighted average yield on Mauritius's 91-day Treasury bill rose to 2.72 percent at auction from 2.70 percent at the last sale on April 11, the central bank said on Monday. The Bank of Mauritius sold all the 1 billion rupees ($28.65 million) worth of the debt it had offered. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Russian finance minister: State firms should keep paying half of profit as dividend MOSCOW: State-controlled Russian companies should keep paying at least half of their annual profit in dividends in 2017-2019, news agencies quoted finance minister Anton Siluanov as saying on Saturday. Russia raised the dividend payout ratio for state companies to 50 percent of profit this year from a previous 25 percent to bolster budget revenues hit by lower oil prices and Western sanctions imposed on Moscow over the crisis in Ukraine."This encourages companies to pursue their ...

Business & Finance - Managed Funds

Euro zone bond yields fall as supply pressure eases LONDON: Euro zone government bond yields fell on Thursday after a busier than expected week of issuance, with investors relieved that only one sale -- a small debt auction in Ireland -- remains to digest before the weekend. The Netherlands, France, Germany and Italy have sold ultra-long bonds, putting upward pressure on long-dated yields and pushing up 10-year yields as well as some investors switched into longer maturities for higher returns.Dublin sells 750 million euros ...

Business & Finance - Managed Funds

Foreign investors continue yield hunt in emerging Asia bonds in April SINGAPORE: Inflows into the bond markets of most emerging Asian countries continued in April following the strong offshore demand in the previous month, with Malaysian bonds seeing their largest increase in almost two years.In March, foreigners increased their holdings of Malaysian bonds by 11.5 billion ringgit ($3.0 billion), the biggest monthly increase since May 2014, central bank data showed. For all of last year, offshore investors cut their holdings by 11.1 billion ringgit.While official inflows ...

Business & Finance - Managed Funds

China approved 5.5bn yuan fixed asset investment projects in March BEIJING: China has approved 5.5 billion yuan ($851.06 million)worth of fixed asset investment projects in March, the country's state planner said on Wednesday. China is ramping up fixed asset investment to spur growth as the economy slows. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Prices fall on reduced demand as oil, stock prices jump NEW YORK: US Treasury yields rose on Tuesday as oil and stock prices jumped on reports that Saudi Arabia and Russia had agreed to freeze crude output, reducing demand for safe-haven debt.Global oil prices hit five-month highs after Russia's Interfax news agency quoted a diplomatic source in Doha saying the two nations had reached consensus on an oil output freeze ahead of a producers' meeting on April 17.Treasuries have been swayed by weakness in oil ...

Business & Finance - Managed Funds

Long-term debt sales push Bund yields away from new lows LONDON: Investors ditched high-rated debt assets on Tuesday to make room for ultra-long Dutch and French bonds coming to market, putting a halt on German Bund yields' push towards new lows. The Netherlands sell 0.75-1.25 billion euros of 30-year bonds, while France has begun marketing 20- and 50-year bonds for a syndicated sale.Some investors will use the debt sales as an opportunity to switch from German debt into slightly higher-yielding Dutch and French bonds, which ...