SHANGHAI, April 21- China's Baoding Tianwei Baobian Electric Co Ltd said it has not yet raised enough funds to make a bond interest rate payment due later on Tuesday. "As of the time of this announcment, our company has not yet raised the funds to pay interest, and the probability of making the payment has become highly uncertain," a notice posted by the company on the...» Read More
Joe Magyer, senior analyst at The Motley Fool, discusses how Chinese authorities are trying to crackdown on margin financing while keeping its economy going.
The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.025 percent, the same as last week. Another $24 billion in six-month bills were auctioned at a discount rate of 0.09 percent, down from 0.105 percent the previous week. For a $10,000 bill, the three-month price was $9,999.37, while a six-month bill sold for $9,995.45.
NEW YORK, April 20- Reserve Bank of Australia Governor Glenn Stevens said Monday that rate cuts were not "useless," but that their potential had become more limited, and that he was optimistic on China's economy. Speaking during a question and answer session in New York following prepared remarks before the American Australian Association, Stevens said: "There's a...
Although Chinese companies may hold a lot of dollar debt, a Fed rate hike is unlikely to derail the Beijing-led economy, experts said.
On the topic of rate hikes, Kevin Kelly, Recon Capital, and Eric Marshall, Hodges Capital, discuss where value is in the global market.
Sameer Samana, Wells Fargo, and Eric Lascelles, RBC Global Asset Management, discuss where investors can find opportunity in the markets and analyze talk of rate hikes approaching.
SHANGHAI, April 20- China stocks surrendered early gains and dived on Monday in volatile trade as fears of a regulatory crackdown offset the central bank's boldest policy move yet to bolster the slowing economy. Although the government is supportive of a bull market, "the market will now start to price in an interest rate cut, and positive news flow appears to have...
*Interest rate swaps, money market yields down after RRR cut. SHANGHAI, April 20- China's short-term rates fell and interest rate swap yields declined on Monday following the central bank's larger-than-expected 100 basis point cut in banks' reserve ratio requirement at the weekend. The benchmark seven-day repo, considered the best indicator of short term...
If "Grexit" occurs, markets will likely see a correction, but the negative impact will fade quickly, says Sani Hamid, director, Wealth Management, Economy & Market Strategy at Financial Alliance.
*Gold holds steady amid weaker dollar. SINGAPORE, April 20- Gold was little changed above $1,200 an ounce on Monday with a softer dollar providing support for the safe-haven metal, but a lack of robust physical demand and uncertainty over the timing of a U.S. interest rate hike kept investors on edge. "Gold is stuck near $1,200 as there is more interest in equity, oil...
Sunday's reserve requirement ratio cut and the rally in stock markets are driving liquidity in the mainland's housing market, says Nicole Wong, regional head of Property Research at CLSA.
TORONTO, April 19- Bank of Canada Governor Stephen Poloz, who has described a shock January interest rate cut as "insurance," said in an interview he didn't see the need for more insurance now, the Wall Street Journal reported on its website on Sunday.
Freddy Lim, global head of Derivatives Strategy from Nomura, explains why Sunday's wider-than-expected cut in the reserve requirement ratio is a "gamechanger" for China.
*Mining sector shed nearly a fifth of workers in year. SYDNEY, April 20- As Australia's cooling mining sector lays off workers, an army of white-collar professionals is more than filling the employment gap, courtesy of a housing sector stoked by record low interest rates. "The home-building boom is serving to lift a raft of boats," said Craig James, chief economist at...
The cut in the reserve requirement ratio was used to calm markets after the announcement of new trading rules on Friday, says Catherine Yeung, investment director at Fidelity Worldwide Investment.
To curb slowing growth, Chinese policymakers could unveil another interest rate cut in May or June, says Mark Andersen, global co-head of Asset Allocation at UBS CIO Wealth Management.
It's a conundrum: bonds aren't likely to win a popularity contest any time soon, but analysts don't expect investor demand will slack off.
Teresita Sy-Coson, vice chairman of SM Investments Corporation, says awareness of regional integration will likely begin in 2015, but the completion of the ASEAN Economic Community may need time.
BEIJING, April 19- China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth. The People's Bank of China lowered the reserve requirement ratio for all banks by 100 basis points-...
Please be advised that the alert reporting that China's C.Bank cuts benchmark interest rates is wrong. This was sent in error. STORY TIME: 0909 GMT and 0922 GMT.