07262016Tue
Last update: Tue, 26 Jul 2016 09pm

Asia

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 for buyers of second homes, and announced a series of other policies to curb speculation in the city's overheating property market. Copyright Reuters, 2016 ...

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. ...

Markets - Fixed Income - Asia

China home prices rise most in nearly 2 years, big cities fuel bubble worries BEIJING: China's home prices rose at their fastest clip in almost two years in February thanks to red-hot demand in big cities, but risks of overheating in some places combined with weak growth in smaller cities threaten to put more stress on an already slowing economy. Average new home prices in 70 major cities climbed 3.6 percent in February from a year ago, quickening from January's 2.5 percent rise, according to Reuters calculations based on ...

Markets - Fixed Income - Asia

China sees housing sales stabilised and recovering BEIJING: Price divergence in China's big and small cities poses a challenge for housing market policy controls although housing sales have stabilised and are recovering, the Housing Minister Chen Zhenggao said on Tuesday. Chen told reporters at a news conference in Beijing on the sidelines of the annual parliament session that he was confident of stable and healthy development of the country's housing market.He added that it is important to stabilise home prices in tier ...

Markets - Fixed Income - Asia

China Jan-Feb fixed asset investment up 10.2pc y/y, factory output up 5.4pc BEIJING: China's fixed-asset investment growth quickened to 10.2 percent year-on-year in the Jan-January period, beating market expectations. Analysts polled by Reuters predicted investment growth would come in at 9.5 percent, compared with 10 percent posted the prior month.Industrial output growth cooled to 5.4 percent, disappointing analysts who expected it to rise 5.6 percent on an annual basis after a rise of 5.9 percent the prior month.Retail sales growth cooled to 10.2 percent.Analysts forecast they would ...