Managed Funds

Turkish budget surplus 23.17bn lira in Feb

The primary balance, which excludes interest payments, showed a surplus of 35.93 billion lira in February, the data showed.

Published 15 Mar, 2021 02:18pm

Managed Funds

South Africa's Absa holds off on dividend, reports 58% profit drop

This was driven by a 163% increase in credit impairments, which hit 20.6 billion rand.

Published 15 Mar, 2021 11:41am

Managed Funds

Australia gets a $156bn pension merger as new laws spur consolidation

The statement said Luke will become chair of the merged fund.

Published 15 Mar, 2021 11:39am

Managed Funds

Hong Kong plans lower budget deficit as economy expected to recover

Gross domestic product (GDP) shrank 6.1% in 2020, its worst annual performance on record since 1962.

Published 24 Feb, 2021 02:57pm

Managed Funds

Spectre of inflation rears its head over stock markets

"Inflation potential can only come if there is an issue in terms of resources, in particular if there is more or less full employment and that something we are not seeing right now," Blanco explained.

Updated 24 Feb, 2021 05:52pm

Managed Funds

US Treasury's Yellen discusses boosting cooperation in call with EU executive

Yellen committed to re-engaging in discussions on international taxation to forge a timely international accord, and to seek solutions to key bilateral trade issues, it said.

Published 17 Feb, 2021 02:44pm

Managed Funds

Indonesia to give tax incentives for sales of some cars

The automakers association Gaikindo had previously been pushing the government for months for tax breaks to entice buyers.

Published 12 Feb, 2021 10:52am

Managed Funds

China Jan new bank loans rise to 3.58 trln yuan, beat forecast

Analysts polled by Reuters had predicted new yuan loans would jump to 3.5 trillion yuan in January, up from 1.26 trillion yuan in the previous month and 3.34 trillion yuan a year earlier.

Published 09 Feb, 2021 01:26pm

Managed Funds

Fitch retains Japan credit rating with negative outlook

Fitch said it assumed yields will stay low over the next few years given continued money printing by the Bank of Japan, despite the risk of high debt, leaving the economy vulnerable to future tightening of financial conditions.

Published 08 Feb, 2021 01:14pm

Alibaba sets initial price guidance on $5bn bond offering

It is selling the debt in four tranches which also includes 30 and 40-year bonds, the term sheet showed.

Published 04 Feb, 2021 11:36am

Managed Funds

US Treasury says more time needed to decide on Trump tax returns

House Democrats have been examining whether Trump's business dealings involved money laundering or left him vulnerable to foreign influence.

Published 04 Feb, 2021 10:55am

Managed Funds

China's short-term money rates fall to 2-week low as PBOC injects liquidity

Yuan borrowing also declined in Hong Kong. The CNH Hong Kong Interbank Offered Rate benchmark (CNH HIBOR) for overnight tenor fell to 2.34183%, down from 3.64591% on Monday.

Published 02 Feb, 2021 01:01pm

Managed Funds

China's seven-day repo hits near six-year high despite PBOC cash injection

Seven-day reverse repo rate, one of the PBOC's main policy rates, now stands at 2.2%.

Published 01 Feb, 2021 11:28am

Managed Funds

Vietnam says January FDI inflows up 4.1% y/y to $1.51bn

FDI pledges - which indicate the size of future FDI disbursements.

Published 28 Jan, 2021 11:52am

Managed Funds

China 2020 fiscal spending up 2.8% y/y, revenues fall 3.9%

The ratio of 2020 government debt to GDP stood at 45.8%.

Published 28 Jan, 2021 10:38am

Managed Funds

China short-term rate hits near 6-yr high on holiday demand, policy tightening worries

However, the state-run Securities Times in a front-page commentary urged investors not to over-exaggerate the impact of the central bank's short-term liquidity operations on stock and bond markets.

Published 27 Jan, 2021 01:26pm

Managed Funds

South Africa's Life Healthcare sees first quarter revenue up 5%

It did not disclose the expected change in net profit or revenue.

Published 27 Jan, 2021 12:53pm

Managed Funds

China's benchmark overnight repo rate jumps to highest since Nov 2019

The volume-weighted average of the overnight repo, considered one of the best indicators of general liquidity in China, jumped to 2.6890%, the highest since Nov. 18, 2019. The rate closed at 2.4955% on Monday.

Published 26 Jan, 2021 12:17pm

Managed Funds

Indonesia raises economic recovery budget to $39bn

At the same forum, Febrio Kacaribu, a finance ministry official, estimated the fiscal deficit for 2021 would be 5.7% of gross domestic product, unchanged from the ministry's previous outlook.

Published 26 Jan, 2021 10:38am

Managed Funds

US-China investments dwarf official figures

In office less than a week, Biden's foreign-policy and trade teams have inherited a series of hardline policies put in place by the administration of former US President Donald Trump.

Published 26 Jan, 2021 10:28am

Managed Funds

Thailand to sell $2bn savings bonds to finance stimulus measures

All of the debt is under a 1 trillion Thai baht ($33.37 billion) borrowing plan announced last year in response to the pandemic.

Published 25 Jan, 2021 12:42pm

Managed Funds

JGB yields rise after inflation expectations lift U.S. Treasury yields

The tenders were 4.78 times oversubscribed, compared with 3.59 times last time.

Published 22 Jan, 2021 10:52am

Managed Funds

Italian yields rise to seven-week high as ECB brings PEPP into focus

At its policy meeting, the ECB kept its deposit rate unchanged at -0.5% and maintained the overall quota for bond purchases under the Pandemic Emergency Purchase Programme (PEPP) at 1.85 trillion euros, as expected.

Published 21 Jan, 2021 09:39pm

Managed Funds

Italian bond yields drop to 1-week low after confidence vote win

Analysts suggested that may have also played a role in pulling down Italian borrowing costs from last week's highs.

Published 20 Jan, 2021 03:14pm

Managed Funds

Foreign holdings of Treasuries drop for 4th month in October

Foreign investors held $7.053 trillion in Treasuries in November, down from $7.068 trillion the previous month.

Published 20 Jan, 2021 10:21am

Managed Funds

Bahrain hires banks for multi-tranche dollar bonds

An issuance comprising benchmark tranches of seven years, 12 years and/or 30 years will follow.

Published 19 Jan, 2021 02:45pm

Managed Funds

JGBs firm as investors price in auction results, Biden's stimulus proposal

The 10-year JGB yield fell 0.5 basis point to 0.025%, while the 20-year JGB yield was flat at 0.410%.

Updated 15 Jan, 2021 03:17pm

Managed Funds

Italian bond yields dip but set for biggest weekly rise since Oct

But the spread, effectively the risk premium Italy pays on its debt, is up over 10 bps this week.

Published 15 Jan, 2021 02:18pm

Managed Funds

US Treasury overhauls stake in Fannie, Freddie with eye towards government exit

Government officials also acknowledged that a number of complicated issues must still be resolved by the incoming Biden administration.

Published 15 Jan, 2021 12:29pm

Managed Funds

Australian govt to sell new 2032 bond line by syndication

Issuance via tender would be at a rate of A$2 billion to A$3 billion in most weeks. No other new bond line would be sold this fiscal year.

Published 15 Jan, 2021 11:48am

Gainers
Losers
Leaders

Stock	Price
First Credit & Inv. / Apr 26 First Credit and Investment Bank Limited(FCIBL)	6.64 ▲ 1.00 (17.73%)
Samin Textile / Apr 26 Samin Textiles Limited(SMTM)	8.87 ▲ 1.00 (12.71%)
Pak Gen. Ins. / Apr 26 The Pakistan General Insurance Co. Ltd.(PKGI)	3.39 ▲ 0.38 (12.62%)
Dewan Tex. / Apr 26 Dewan Textile Mills Limited(DWTM)	2.00 ▲ 0.19 (10.50%)
Engro Polymer (Pref) / Apr 26 Engro Polymer (Preference)(EPCLPS)	11.98 ▲ 0.98 (8.91%)
TPL Trakker / Apr 26 TPL Trakker Limited(TPLT)	10.88 ▲ 0.83 (8.26%)
Fazal Cloth / Apr 26 Fazal Cloth Mills Limited(FZCM)	227.90 ▲ 15.90 (7.50%)
Glaxo Consumer / Apr 26 GlaxoSmithKline Consumer Healthcare(GSKCH)	244.72 ▲ 17.07 (7.50%)
IbrahimFibres / Apr 26 Ibrahim Fibres Limited(IBFL)	135.45 ▲ 9.45 (7.50%)
Nimir Ind. / Apr 26 Nimir Industrial Chemicals Limited(NICL)	139.69 ▲ 9.74 (7.50%)

Stock	Price
Flying Cement (R) / Apr 26 Flying Cement Company (R)(FLYNGR)	1.04 ▲ -0.67 (-39.18%)
First Equity Mod. / Apr 26 First Equity Modaraba(FEM)	3.34 ▲ -0.66 (-16.50%)
HBL Inv.Fund / Apr 26 HBL Investment Fund(HIFA)	2.90 ▲ -0.35 (-10.77%)
Bilal Fibres / Apr 26 Bilal Fibres Limited(BILF)	1.56 ▲ -0.15 (-8.77%)
Nazir Cotton / Apr 26 Nazir Cotton Mills Limited(NCML)	3.75 ▲ -0.35 (-8.54%)
Sana Ind. (R) / Apr 26 Sana Industries (R)(SNAIR)	11.01 ▲ -1.00 (-8.33%)
Macter Int. Ltd. / Apr 26 Macter International Limited(MACTER)	129.50 ▲ -10.50 (-7.50%)
Sapphire Textile / Apr 26 Sapphire Textile Mills Limited(SAPT)	897.26 ▲ -72.73 (-7.50%)
Sana Ind. / Apr 26 Sana Industries Limited(SNAI)	53.19 ▲ -4.31 (-7.50%)
Telecard Ltd. / Apr 26 Telecard Limited(TELE)	14.82 ▲ -1.20 (-7.49%)

Stock	Volume
Telecard Ltd. / Apr 26 Telecard Limited(TELE)	55,027,500 ▼ 0.00
TRG Pakistan / Apr 26 TRG Pakistan Limited(TRG)	53,483,336 ▼ 0.00
Unity Foods / Apr 26 Unity Foods Limited(UNITY)	26,413,330 ▼ 0.00
Worldcall / Apr 26 Worldcall Telecom Limited(WTL)	20,969,000 ▼ 0.00
Silkbank / Apr 26 Silkbank Limited(SILK)	16,089,000 ▼ 0.00
Ghani Global Hold. / Apr 26 Ghani Global Holdings Limited(GGL)	15,139,000 ▼ 0.00
Hum Network / Apr 26 Hum Network Limited(HUMNL)	14,392,000 ▼ 0.00
Bal. Glass / Apr 26 Balochistan Glass Limited(BGL)	13,770,500 ▼ 0.00
Byco Petr. / Apr 26 Byco Petroleum Pakistan Limited(BYCO)	10,510,000 ▼ 0.00
Flying Cement (R) / Apr 26 Flying Cement Company (R)(FLYNGR)	8,833,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	154.00
USD PKR Interbank Buying / Apr 23	153.90
USD to Japanese Yen / Apr 23	107.88
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.39
Euro to USD / Apr 23	1.21
UK LIBOR % / Apr 23	0.07

Stock	Volume
S&P 500 / Apr 23	4180.17
India Sensex / Apr 23	47878.45
Tokyo Nikkei / Apr 23	29020.63
Nasdaq / Apr 23	14016.81
Hang Seng / Apr 23	29078.75
FTSE 100 / Apr 23	6938.56
Dow Jones / Apr 23	34043.49
Germany DAX 30 / Apr 23	15279.62
France CAC40 / Apr 23	6257.94

Item	Value
Crude Oil / Apr 23	62.14
Karachi Cotton Assoc. / Apr 23	11300.00
Gold 10 Grams / Apr 23	89163.00
Gold Spot / Apr 23	1777.80
Cotton / Apr 23	88.80

Managed Funds

Turkish budget surplus 23.17bn lira in Feb

South Africa's Absa holds off on dividend, reports 58% profit drop

Australia gets a $156bn pension merger as new laws spur consolidation

Hong Kong plans lower budget deficit as economy expected to recover

Spectre of inflation rears its head over stock markets

US Treasury's Yellen discusses boosting cooperation in call with EU executive

Indonesia to give tax incentives for sales of some cars

China Jan new bank loans rise to 3.58 trln yuan, beat forecast

Fitch retains Japan credit rating with negative outlook

Alibaba sets initial price guidance on $5bn bond offering

US Treasury says more time needed to decide on Trump tax returns

China's short-term money rates fall to 2-week low as PBOC injects liquidity

China's seven-day repo hits near six-year high despite PBOC cash injection

Vietnam says January FDI inflows up 4.1% y/y to $1.51bn

China 2020 fiscal spending up 2.8% y/y, revenues fall 3.9%

China short-term rate hits near 6-yr high on holiday demand, policy tightening worries

South Africa's Life Healthcare sees first quarter revenue up 5%

China's benchmark overnight repo rate jumps to highest since Nov 2019

Indonesia raises economic recovery budget to $39bn

US-China investments dwarf official figures

Thailand to sell $2bn savings bonds to finance stimulus measures

JGB yields rise after inflation expectations lift U.S. Treasury yields

Italian yields rise to seven-week high as ECB brings PEPP into focus

Italian bond yields drop to 1-week low after confidence vote win

Foreign holdings of Treasuries drop for 4th month in October

Bahrain hires banks for multi-tranche dollar bonds

JGBs firm as investors price in auction results, Biden's stimulus proposal

Italian bond yields dip but set for biggest weekly rise since Oct

US Treasury overhauls stake in Fannie, Freddie with eye towards government exit

Australian govt to sell new 2032 bond line by syndication

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