05272016Fri
Last update: Fri, 27 May 2016 03am

Asia

Markets - Fixed Income - Asia

China finance ministry sells 3-month bills at 1.9738pc SHANGHAI: China's Ministry of Finance auctioned 10 billion yuan ($1.6 billion) of three-month bills in the interbank market on Friday at an average yield of 1.9738 percent, traders said. The auction yield came in below Thursday's benchmark secondary market yield of 2.0187 percent for three-month government bills. Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGBs edge up, taking cue from firmer Treasuries TOKYO: Japanese government bonds edged up on Wednesday, taking their cue from a rise in U.S. Treasuries after Federal Reserve chair Janet Yellen sounded a cautious tone on U.S. interest rate increases.Yellen's speech stressed the need for caution and highlighted external risks.The yield on benchmark 10-year Treasury notes stood at 1.807 percent, in Asia, after skidding to a four-week low of 1.805 percent in U.S. trade on Tuesday following Yellen's remarks.JGB trading was cautious ahead ...

Markets - Fixed Income - Asia

Mauritius 91-day Treasury bill yield rises to 2.71pc PORT LOUIS: The weighted average yield on Mauritius's 91-day Treasury bill rose to 2.71 percent at auction on Friday from 2.68 percent at the last sale on March 18, the central bank said.The Bank of Mauritius sold all the 1.4 billion rupees worth of the debt it had offered. Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

Regulators in China's Shanghai urge lenders to strictly implement mortgage policies SHANGHAI: The Shanghai branches of China's central bank and banking regulator on Friday urged commercial banks to strictly implement differentiated mortgage policies. In a joint statement, the Shanghai branches of the People's Bank of China and the China Banking Regulatory Commission also called on lenders to vet home buyers' sources of money for downpayments on homes and their ability to repay debts.The Shanghai government earlier on Friday said it was raising the minimum downpayment needed ...

Markets - Fixed Income - Asia

Dollar stabilises in Asia as markets start slow recovery SINGAPORE: The dollar strengthened against emerging market currencies in Asia on Monday as traders shook off the effects of a lower interest rate outlook from the US Federal Reserve. The greenback last week struggled on the foreign exchange markets after the Fed on Wednesday pulled back their expectations on rate increases in 2016 by about a half percentage point, citing weak global growth and recent market turbulence.At around 0430 GMT, the Taiwan dollar was down ...

Markets - Fixed Income - Asia

China property tycoon Wang Jianlin eyes sporting trophy SHANGHAI: China's richest man, Wang Jianlin, has built a $100 billion business empire founded on shopping malls, but now he has set his eyes on a new trophy -- building a global sports conglomerate to match his country's economic and political might.News on Friday that Wang's company Wanda group had become a top-level sponsor for football's scandal-tainted governing body FIFA was just the latest show of its founder's ambitions. With Chinese growth slowing and its ...

Markets - Fixed Income - Asia

India govt to borrow 3.55 trillion rupees via bonds in April-Sept NEW DELHI: The Indian government will borrow a gross 3.55 trillion rupees ($53.43 billion) via bonds in April-September, or 59 percent of its borrowing plan for the next fiscal year, a senior finance ministry official said on Friday. On average, India will borrow 140-150 billion rupees per week via auctions, Shaktikanta Das, the country's economic affairs secretary, said in a news briefing. On a net basis, India will borrow 2.48 trillion from April to September. ...