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Interest Rates

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  • NEW YORK, Nov 24- U.S. fund firms are taking extra measures to make sure they don't get stuck holding hard-to-sell bonds in the event that fixed income markets see a massive race to the exits when interest rates start to rise. Over the past few months a growing number of asset managers, including Neuberger Berman, Natixis Global Management and T. Rowe Price have been...

  • "Policymakers are taking a very comprehensive look in their toolboxes and this should keep investor demand for yield intact," said Tai Hui, chief markets strategist at JP Morgan Asset Management in Hong Kong. Gains in property and brokerage stocks led the benchmark indexes in Hong Kong and mainland China higher as investors anticipated a cut in mortgage rates.

  • Asian stocks gain after China rate cut Sunday, 23 Nov 2014 | 11:00 PM ET

    BEIJING— Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and OPEC meeting to discuss oil production levels. KEEPING SCORE: China's Shanghai Composite Index jumped 1.7 percent to 2,529.83 points and Hong Kong's Hang Seng surged 1.8 percent to 23,862.69.

  • Dickie Wong, Executive Director at Kingston Securities, discusses the rally in Asian markets on Monday. He later explains why the PBOC's rate cut will undermine profitability of Chinese banks.

  • Richard Jerram, Chief Economist at Bank of Singapore, says the Chinese central bank's move is "worrying" and could indicate that the slowdown in the mainland is worse than recent data suggest.

  • SHANGHAI, Nov 24- The Shanghai Composite Index extended gains to a three-year high on Monday after the central bank unexpectedly cut interest rates on Friday to help support the economy. The index was up 1.3 percent to 2,518.0 points as of 0210 GMT, its highest level November 2011. CSI300 of the largest companies listed in Shanghai and Shenzhen was up 1.8 percent.

  • *OPEC to meet in Vienna on Nov. 27. SINGAPORE, Nov 24- Oil markets were steady in early Asian trading on Monday, with benchmark Brent crude prices remaining above $80 a barrel following a rally late on Friday over China's interest rate cut and ahead of a possible output reduction by producer group OPEC. Asian stock markets and the dollar rose on Monday morning, fuelled...

  • SYDNEY, Nov 24- London Metal Exchange metals eased on Monday, paring gains sparked by China's first rate cut in two years, as the prospect of sputtering growth in the world's top metals consumer cast doubts over the strength of its metals demand. *European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent...

  • China's yuan opens weaker after surprise rate cut Sunday, 23 Nov 2014 | 8:40 PM ET

    SHANGHAI, Nov 24- China's yuan opened at 6.1280 per dollar on Monday, softening slightly from Friday's close after the central bank caught markets off-guard by cutting benchmark lending rates by 40 basis points. The People's Bank of China set the midpoint rate weaker at 6.1420 per dollar prior to market open, compared to 6.1387 per dollar at the previous fix.

  • Francis Cheung, Head of China & HK Strategy at CLSA and Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC, discuss the significance of China's interest rate cut.

  • Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC, says mainland banks have "very profitable lending operations" that will insulate them from the impact of a rate cut.

  • SINGAPORE, Nov 24- Gold traded firmly above $1,200 an ounce on Monday, retaining gains from the previous session on hopes that a surprise rate cut in China would boost demand for bullion in the top consumer. *Gold got a boost from short-covering after China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest...

  • SINGAPORE, Nov 24- U.S. crude futures steadied above $76 a barrel on Monday, clinging to gains from the previous session after a rally spurred by China's first interest rate cut in more than two years. *Friday's surprise cut in China's interest rates reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures...

  • A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

  • Reading PBOC's surprise rate cut     Sunday, 23 Nov 2014 | 5:24 PM ET

    Bill Adams, Senior International Economist at PNC, says the move is intended to keep Chinese monetary policy neutral and explains why more easing measures could be unveiled ahead.

  • SHANGHAI/ BEIJING, Nov 24- A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation. But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by Beijing on...

  • China ready to cut rates again: Sources Sunday, 23 Nov 2014 | 6:12 AM ET
    Zhou Xiaochuan

    China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, said sources involved in policy-making.

  • *China ready to cut rates again, ease bank reserve ratio- sources. BEIJING, Nov 23- China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making. Friday's surprise cut in...

  • SHANGHAI, Nov 23- China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005.. The People's Bank of China cut one-year benchmark lending rates on Friday, a move celebrated by Chinese corporates struggling against a...

  • SHANGHAI, Nov 22- China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth. The narrowing of interest rate margins will eat into lenders' profitability, with Cinda Securities' chief strategist, Jiahe Chen, predicting it will...