HONG KONG, May 6- China has more than tripled the number of central government owned firms allowed to trade commodities derivatives overseas without regulator approval, sources told Reuters, in a move that will give China more clout in global markets for metals, energy and agricultural products. "This will boost trading by Chinese companies, energy in...
MADRID, Jan 23- Spanish bank BBVA has agreed to sell a 4.9 percent stake in China's CITIC Bank to property developer Xinhu Zhongbao for HK $13.136 billion as it looks to bolster its capital base. BBVA said on Friday it would book net capital gains of around 400 million euros and strengthen it core capital ratio by 20 basis points after the sale, which is expected to be...
*Itochu and CP Group to take 20 pct stake in Citic. TOKYO/ HONG KONG, Jan 20- Japanese trading house Itochu Corp and Thailand's Charoen Pokphand Group said on Tuesday that they plan to jointly invest $10 billion in Citic Ltd, part of China's oldest and biggest conglomerate. Itochu and CP Group plan to take a joint stake of 20 percent in Citic Ltd, increasing their...
TOKYO, Jan 20- Japanese trading house Itochu Corp and Thailand's Charoen Pokphand Group said on Tuesday that they plan to jointly invest $10 billion in Citic Group, China's oldest and biggest conglomerate. Itochu and CP Group plan to contribute evenly to the investment, taking a joint stake of as much as 20 percent, as both seek to raise their exposure to the...
*CITIC Ltd shares jump as much as 6.3 pct. HONG KONG, Dec 5- CITIC Ltd is in early talks with companies including Japan's Itochu Corp and Thailand's Charoen Pokphand Group about a large share placement, a person familiar with the matter said, as the Chinese state-owned conglomerate tries to broaden its investor base. To part-fund that acquisition and increase the...
Hong Kong on Tuesday started to clear part of a protest camp in the city that has been occupied by pro-democracy demonstrators for nearly two months.
Asian equities were mixed on Wednesday as investors looked ahead to key risk events this week.
Asian equities fell on Friday following a selloff in global markets, but Indian shares outperformed the region.
Baoshan Iron and Steel (Baosteel) and Aurizon Holdings launched a A$1.14 billion ($1.06 billion) takeover bid for Aquila Resources.
Shares and bonds of CITIC Pacific surged after its state-owned parent injected prime operating assets into the Hong Kong-listed firm.
A cyclone approaching Australia's northwest coast that forced miners to shut down key iron ore export terminals and offshore oilfields has intensified into a category four storm, the second-highest level, and will strengthen over the weekend.
Asian stocks rose nearly two percent to hit a five-month high as both houses of Congress passed a bill to end the "fiscal cliff" crisis that threatened a U.S. recession and roiled world financial markets.
Asian shares were mixed on Tuesday, as prices were capped as investors waited for the U.S. Federal Reserve's policy decision this week and any progress in U.S. budget talks.
The iTraxx series 17 index has pulled in 3 bp to 127 bp/129bp in a measure of the overall upbeat market sentiment which has allowed eight new issues to print this week from Asia.
With Citic Pacific drawing a stunning USD7bn in a book on a USD700m deal, it would seem that investors have a risk-on tone in the primary markets to spite a 1.5 bp-2bp widening in the secondary markets.
SINGAPORE, Oct 8- Asian credit was fairly quiet today as holidays in Japan and the United States drained liquidity from the market. The outstanding 2021 bonds of Citic Pacific were closing the session bid at 100.50, down 50 ct in price terms, after the Hong Kong conglomerate announced a new 10- year bond.
*Australia's $250 bln pipeline of planned mine investments looks on shaky ground. MELBOURNE, Oct 8- Aquila Resources is scrambling to cut planned spending on an Australian iron ore project after cost estimates jumped a quarter to A $7.4 billion, putting the investment at risk in a sector squeezed by cooling Chinese demand.
MELBOURNE, Oct 8- Aquila Resources is scrambling to cut planned spending on an Australian iron ore project after cost estimates jumped a quarter to A $7.4 billion, putting the investment at risk in a sector squeezed by cooling Chinese demand.
HONG KONG Oct. 8, 2012-- Standard& Poor's Ratings Services today assigned its' BB+' rating to an upsized US $4.5 billion medium-term notes program of CITIC Pacific Ltd.. We expect CITIC Pacific to use the proceeds from the proposed notes to refinance borrowings due in 2013..
Oct 8- Moody's Investors Service has assigned a Ba1 rating to CITIC Pacific's proposed USD notes to be drawn under its Euro Medium Term Notes Program.