Emerging-market bond funds received an unprecedented $1.8 billion in the past week, lifting 2010 inflows to a record, on speculation central banks will raise interest rates, according to EPFR Global. Posco, the third-largest shareholder in Macarthur Coal Ltd., said it supported Peabody Energy Corp.’s revised A$4.1 billion ($3.8...
Friday, April 16, 2010
China’s economic growth accelerated to the fastest pace in almost three years.
China’s economic growth accelerated to the fastest pace in almost three years in the first quarter, adding pressure on Premier Wen Jiabao to sever the yuan’s peg to the dollar and raise interest rates. Gross domestic product rose 11.9 percent from a year earlier. Six banks have been hired by Agricultural Bank of China to arrange...
European governments offered debt-
European governments offered debt- plagued Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates in a bid to stem its fiscal crisis and restore confidence in the euro. China’s trade deficit is likely to be only temporary and surging import costs may fuel inflation, bolstering the...
Saturday, April 10, 2010
Most Asian stocks fell, led by Japanese and South Korean exporters
The number of Americans filing new claims for unemployment rose to 460,000 last week from a revised 442,000 the previous week, the Labor Department said Thursday morning. Economists surveyed by Briefing.com had expected 435,000 claims, on average. Continuing claims, a measure of those Americans who have been receiving benefits...
Asian stocks gained, driving the MSCI Asia Pacific.
Asian stocks gained, driving the MSCI Asia Pacific Index higher for the fifth straight day, as investors bet the Federal Reserve will leave the benchmark U.S. interest rate at a record low. Federal Reserve policymakers are worried that the economic recovery may lose steam going forward, despite recent moderate improvements, according...
The euro fell for a second day against the yen.
The euro fell for a second day against the yen amid concern Greece and other European countries will struggle to raise funds to repay maturing debt. The pending home sales index posted a surprise jump in February, rising 8.2% to 97.6 from a revised 90.2 in January. Economists expected the report from the National Association of...
Asian stocks rose, led by companies reliant on sales in North America
Asian stocks rose, led by companies reliant on sales in North America, as U.S. job reports boosted confidence the global economy is recovering. Former Federal Reserve Chairman Alan Greenspan said there is “a momentum building up” in the U.S. economy and the odds of it faltering have “fallen very significantly.” There is a momentum...
Saturday, April 3, 2010
Japan’s largest manufacturers became the least pessimistic
President Obama unveiled plans to open large swaths of U.S. coastal waters in the Atlantic Ocean and the Gulf of Mexico to oil and natural gas drilling -- a move likely to please the energy industry but upset the administration's environmentalist supporters. Japan’s largest manufacturers became the least pessimistic about the economy...
Peabody Energy Corp.
Peabody Energy Corp., the biggest U.S. coal company, made an unsolicited initial cash proposal to buy Australia’s Macarthur Coal Ltd. for A$3.3 billion ($3 billion) amid surging demand for the fuel in Asia. Most Asian stocks declined amid concerns a rally that took the MSCI Asia Pacific Index to a 10- week high yesterday had overvalued...
Japan’s industrial production fell in February
Japan’s industrial production fell in February and the unemployment rate held at the lowest level since March 2009, underscoring an uneven economic recovery that has yet to end deflation. Asian stocks rose, driving the MSCI Asia Pacific Index to its highest level in 10 weeks, after U.S. consumer spending increased for a fifth month...
Zhejiang Geely Holding Group signed a binding deal to buy Ford Motor Co.'s
Zhejiang Geely Holding Group signed a binding deal to buy Ford Motor Co.'s Volvo Cars unit for $1.8 billion, representing a coup for the independent Chinese automaker which is aiming to expand in Europe. China Construction Bank Corp., the nation’s second-largest lender, more than doubled profit in the fourth quarter as bad loans...
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