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China property firm fails to make bond payment SHANGHAI: A Chinese property developer has confirmed it failed to make a $23 million interest payment on a dollar-denominated bond, a statement said, raising worries over the country's weak real estate sector.Kaisa Group Holdings, which is based in the southern city of Shenzhen, said in a statement late Monday that it did not make a scheduled payment last week on a $500 million bond.Hong Kong-listed Kaisa could become the first Chinese developer to default on US dollar-denominated bonds, Bloomberg News reported."The company did not make a scheduled interest payment of US$23 million which was due 8 January, 2015," Kaisa said in a statement."The company is currently assessing its financial position and will make further announcement regarding such interest payment," it said in the statement to the Hong Kong stock exchange.Kaisa is seeking a financial advisor for restructuring, the statement added.Last year Chaori Solar Energy Science & Technology Co. became modern ...


Lower-rated bond yields dip as ECB's Visco urges govt bond buying LONDON: Spanish and Italian bond yields slipped on Monday after a European Central Bank official said the risk of deflation in the euro zone should not be underestimated and urged the bank to buy government debt. ECB Governing Council member Ignazio Visco made the comments to German newspaper Welt am Sonntag as policymakers consider buying sovereign debt, in so-called quantitative easing, to prevent the euro zone slipping into a deflationary spiral. Markets speculate the ECB ...

South Korea bond futures up after president's comment on policy SEOUL: South Korean treasury bond futures jumped in late morning trade on Monday after President Park Geun-hye emphasised the importance of a timely response by policy authorities through cooperation with each other. "Regarding (your question on possible) interest rate reduction, authorities in charge of macro-economic policy will respond in a timely manner through cooperation with each other," Park told a televised news conference in response to a question. The March futures on three-year treasury bonds ...

Euro zone bond yields hover just above record lows before US payrolls LONDON: Euro zone government bond yields held just above record lows on Friday before a U.S. labour market report that is expected to reconfirm the yawning gap between the two regions and their monetary policy outlooks.Expectations that the European Central Bank will soon launch a large-scale government bond purchase programme to reverse a fall in consumer prices and boost a stagnant economy have virtually erased yields across the single currency bloc.About a quarter of the ...

Greece to auction 625mn euros of 3-month T-bills on Jan 14 ATHENS: Greece will sell 625 million euros ($739 million) of three-month treasury bills on January 14 to refinance a maturing issue, the country's debt agency PDMA said on Friday.The settlement date will be January 16. Only primary dealers will be allowed to participate and no commission will be paid.Athens has a stock of about 15 billion euros of T-bills that it regularly refinances with the help of Greek banks. A previous sale in December was ...

US shrinks 3-year note sale to smallest since 2007 NEW YORK: The US Treasury Department said on Thursday it will sell $24 billion of three-year notes next Monday, the smallest offering of this maturity since May 2007. The government's finance arm has pared the size of the three-year note auctions for three straight months on reduced borrowing needs due to stronger tax receipts as the economy has continued to expand. The three-year note sale is part of next week's $58 billion in fixed-rate coupon ...

Spanish yields dip as QE bets support debut 2015 bond sale LONDON: Spanish bond yields headed down on Thursday after 2015 debt sales got off to a solid start as investors bet the European Central Bank will soon announce new monetary stimulus. Yields on bonds from the euro zone periphery rose from record lows this week, helping to attract yield-hungry investors especially to the longer-dated bonds Spain and France offered at the auction. A grab for yield drove most euro zone bond yields to record lows ...


 



 
Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln