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Asia

Markets - Fixed Income - Asia

China Jan-Feb property investment rises 3pc BEIJING: China's real estate investment rose 3 percent in the first two months of 2016 in year-on-year terms, as growth in the area of property sold sped up to 28.2 percent, official data showed on Saturday. The investment growth, reported by the National Bureau of Statistics (NBS), compared with an increase of 1 percent in the full year of 2015.The rise in sales by area was above the 6.5 percent annual gain in 2015.Real estate investment, which directly affects about 40 other business sectors in China, is considered to be a crucial growth driver.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

Iran oil ministry to issue bonds worth $1.6bn in coming days DUBAI: Iran's oil ministry plans to issue 50,000 billion rials ($1.6 billion) in bonds in coming days for the development of oil and gas fields, the ministry's news agency, SHANA, reported on Saturday. "Before the end of the current (Iranian) year, we will issue oil bonds worth 50,000 billion rials," SHANA quoted the managing director of the National Iranian Oil Company (NIOC), Rokneddin Javadi, as saying. The Iranian new year starts on March 20.Copyright Reuters, ...

Markets - Fixed Income - Asia

JGBs sag after ECB disappointment leads to global bond retreat TOKYO: Japanese government bond prices dipped on Friday, taking their cue from falls in US and European bonds after European Central Bank Mario Draghi suggested he does not anticipate further deepening of the ECB's rate cuts. The ECB on Thursday cut its deposit rates deeper into negative territory and increased its asset-buying program to 80 billion euros ($89.33 billion) a month from 60 billion euros, helping to lift bond prices worldwide initially.But Draghi's comments suggesting ...

Markets - Fixed Income - Asia

JGBs down mostly as correction continues but futures up TOKYO: Japanese government bond prices were mostly lower on Thursday, licking wounds after sharp fall from record highs hit earlier this week, although the futures ended higher in a divided market driven more by trading flows than any fundamentals. The 30-year JGB yield rose 5.0 basis points to 0.760 percent , to stand 30 basis points up from a record low hit just on Tuesday.Until early this week, investors had rushed to buy long-dated JGBs ...

Markets - Fixed Income - Asia

JGBs tumble as investors lock in gains after rally TOKYO: Japanese government bonds skidded on Wednesday as investors locked in gains, particularly in the superlong zone, after the previous session's rally. The 30-year yield was the biggest mover, adding 20 basis points to 0.715 percent after plunging 21 basis points in the previous session. Its biggest one-day fall in three years pushed it to a life-time low of 0.470 percent.Tuesday's spike in prices came after a 30-year auction met solid investor demand."I took some ...

Markets - Fixed Income - Asia

SOHO China says to sell Shanghai office building this month HONG KONG: Commercial property developer SOHO China Ltd said on Tuesday it will put up for sale a Shanghai office building this month to tap surging demand for property in the city. SOHO China had shifted its business from sales to renting properties four years ago, but executives said the deal would help it take advantage of high valuations in Shanghai.Frenzied buying in the city just months after China's frothy stock markets crashed has raised ...

Markets - Fixed Income - Asia

Hong Kong home sales hit record lows in first two months of year HONG KONG: Hong Kong home sales volume hit record lows in the first two months of the year, official data showed, adding to the gloom of weak earnings reports from the city's developers, and mixed pricing for two recent government land tenders. January and February sales volume were both the lowest on record, according to data, dating back to 1996, that was released by the Rating and Valuation Department and Land Registry on Friday.In value ...