Tuesday, April 21, 2015
Monday, April 20, 2015
Indian banks push credit cards and personal loans to make up for slow corporate lending
Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.
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Hong Kong and Shanghai shares mixed as market cautious about Chinese announcements
Hong Kong shares drooped while those in Shanghai edge up by the midday break in a muted reaction to separate Chinese policy announcements as punters digested the implications for a market which has rallied to its loftiest in seven years the past few weeks.
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BOJ’s Kuroda says inflation target may be hit in 2016 and surprise markets
Bank of Japan Governor Haruhiko Kuroda said that financial markets "could be surprised" if the central bank hits its 2-per cent inflation target in 2016 and interest rates in Japan start to rise as a result.
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China’s yuan softens, on track for largest fall in over a week
Chinese currency weakened on Monday in both the onshore and offshore spot market, heading for its biggest decline in over a week, thanks to additional money supply on the mainland after the unexpected reserve ratio requirement (RRR) cut by China’s central bank on Sunday.
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PBOC move may reverse expected sell-off in stocks
The central bank has cut the level of cash that banks must hold, in the second such action this year that highlights the leadership's concerns after the first quarter saw the slowest economic growth since 2009.
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JP Morgan raises concern as leveraged buyouts boom
JP Morgan Chase is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive at the US bank said.
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Fosun and Anbang still in the race for Portuguese lender
Fosun International and privately owned Anbang Insurance Group are believed to be still in the running for Novo Banco, the successor to Portuguese lender Banco Espirito Santo after a state rescue last year.
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Mainland China's power tariff cut set to squeeze coal prices
The mainland's decision to cut tariffs for power plants is expected to squeeze coal prices even further, adding to problems facing struggling mining firms this year, an official with the country's coal association said.
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Sunday, April 19, 2015
Stock investors on edge over China's policy moves
Hong Kong investors who spent the weekend weighing up the impact of a market-dampening move by mainland regulators are likely to draw comfort from another policy action yesterday that is seen as spurring the economy.
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Hong Kong stock market bull run could see equities usurp property
While the edicts of mainland stock regulators may test the conviction of some investors riding high on the Hong Kong market rally, Chan Ching-pak is adamant that equities will trump other investment options - including property.
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China, Taiwan pull back on talks to cut import tariffs
Taipei and Beijing are slowing negotiations on a massive tariff-cutting agreement following protests in the Taiwanese capital over closer economic ties with a political rival, potentially hurting the island’s competitiveness against other Asian exporters.
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China, Taiwan and South Korea targeted in US Treasury report
Pulling few punches but skirting over a few inconvenient facts, the semi-annual US Treasury report to Congress on international economic and exchange rate policies had mainland China, Taiwan and South Korea squarely in its sights. But Asia may beg to differ with the April 9 report's conclusions, especially when their currencies are looked at through a global, as opposed to merely a dollar-related, prism.
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World's poorest now opening more bank accounts, says World Bank
Nearly three quarters of a billion people opened bank accounts or used mobile money providers for the first time from 2011 to 2014, a major leap forward in access to financial services that development experts say is key to ending global poverty.
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Regulators face tech dilemma in age of electronic trading
Once upon a time investment success was built upon strategies that involved a lifetime of studying stocks and market movements. But today it has evolved into another stage that eliminates the tedium of analysing financial statements and charts.
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China cuts reserve ratio requirement as growth slows
China's central bank cut the reserve requirement ratio for all banks by 100 basis points on Sunday, the second reduction in two months, as it steps up measures to boost bank lending and combat slowing growth.
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China's dumb strategy when it comes to smartphones
We all know that things move fast in technology, but there is something troubling about a weird kind of industry culture developing among many Chinese technology firms: the push to make quick money by launching new products fast.
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Beijing's bid to rein in speculators could hit Hong Kong stock market
The Hong Kong stock market is expected to take a hit after Beijing announced measures to rein in speculation, after the country's benchmark index doubled in 10 months to its highest level since March 2008.
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Friday, April 17, 2015
Beijing North Star shares surge on plan to raise 2.5b yuan through A-share issue
Shares of Beijing North Star jumped 45 per cent soon after the Hong Kong market opened on Friday after the developer announced a plan to raise 2.5 billion yuan (HK$3.16 billion) by issuing new A shares to no more than 10 investors, including its major shareholder.
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Thursday, April 16, 2015
Oil price rout may be over as forward curve flattens
The US oil market has firmed up into its best shape this year, as ebbing fears of an inventory overflow and renewed hedging in far-distance futures flattens the forward curve - another possible sign that a months-long rout is really over.
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Glorious Property Holdings posts 2.99bn yuan in losses, from 292.1 million yuan profit in 2013
Hit by sinking profit margins and lower property sales, the highly-geared mainland China developer Glorious Property Holdings said on Thursday it recorded a loss of 2.99 billion yuan last year, in a sharp reversal from the 292.1 million yuan profit it rang up in 2013.
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Hong Kong and Shanghai shares down at start in muted reaction to rallies in US and Europe
Hong Kong stocks sagged at the open on Thursday as the market extended its consolidated after its searing rally last week, with little impact seen from the strong performance overnight on Wall Street while European shares soared to a 14-year top.
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Wednesday, April 15, 2015
China stock market bubble will burst as rally not grounded in economic reality
All you really need to know about the outcome of the growing bubble in the Chinese stock markets is contained in a couple of figures: 4.8 million stock trading accounts were opened across the border last month and another million or so have been opened so far this month.
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Alibaba Health Information Technology shares soar in Hong Kong
Shares of Alibaba Health Information Technology soared more than 85 per cent in Hong Kong on Wednesday after its ultimate controlling shareholder, e-commerce giant Alibaba Holding, will inject their online pharmacy business into the listed company in a deal worth HK$19.44
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Tuesday, April 14, 2015
China’s Hainan Airlines to raise 24 billion yuan in private placement
Hainan Airlines is planning to raise up to 24 billion yuan in a private placement to fund fleet expansion and increase its stake in a sister airline, the company said in a statement to the Shanghai stock exchange on Tuesday.
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