Tuesday, March 19, 2024

satelit

Hong Kong stocks end higher ahead of China markets reopen

Hang-Seng-Hong-Kong

* Hang Seng index rises 1.10% to highest close since June 2018 * China Enterprises index HSCE rises 1.60% Feb 17 (Reuters) – Hong Kong stocks ended higher on Wednesday, marking the seventh straight session of gains and extending a bull run ahead of the reopening of mainland markets after the Lunar New Year break, with sentiment lifted by optimism …

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Turkey 2013-2023 (video)

Star – Large scale infrastructure, energy, and transportation projects throughout Turkey are progressing rapidly. Designed to contribute to the 2023 vision, which is a set of goals to be reached by the Republic of Turkey’s centennial in 2023, these projects represent the culmination of the giant leap taken in the last decade towards a well-developed and prosperous Turkey that seeks …

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Chinese premier to attend Europe summit, sign Russia rail deal

Chinese Premier Li Keqiang will attend a summit of European and Asian leaders on a trip starting next week that will also include a visit to Germany and the signing of energy and high-speed rail deals with Russia, the government said. Li’s Oct. 9-16 swing through the continent is his second this year, and culminates in the Asia-Europe Meeting (ASEM) …

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Finance startups boom in China as Hong Kong and Shanghai stock exchanges open up

Online finance has boomed in China over the last year and a half. It started with mutual funds accessible to average citizens, offered by Alibaba, Baidu, and Tencent. Then, a surge in peer-to-peer lending took hold because – like the mutual funds – they also lowered the barrier for individuals to secure personal loans in China. And now a new …

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China’s hot money headache (video)

China’s comfortable level of economic growth and relatively cheap currency are like catnip to speculators, who are likely to funnel yet more hot money into the country, says Breakingviews’ John Foley.   ReutersTV

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Japan Buys Aussie Sovereign Bonds in June, Ending Record Sales

Japanese investors bought Australian sovereign bonds in June as the benchmark yield surged to its highest level in 14 months, ending a record stretch of sales. Money managers in Japan made net purchases of 54.3 billion yen ($561 million) after selling the South Pacific nation’s government debt in each of the previous 10 months, the Tokyo-based Ministry of Finance said today. Overall, they offloaded …

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Rupee hits a new low, turns worst performer in Asia

Mumbai: The Indian currency’s woes continued on Wednesday as it slumped to a record low after expectations regarding measures to attract dollars were belied. There was no clarity on such proposals after a meeting between regulators. Wednesday’s losses pulled the rupee down to make it the worst performer in Asia. Since January this year, the rupee has weakened 10.28% and has …

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US to keep gem import ban in Myanmar sanctions

The United States updated sanctions on Myanmar on Wednesday to maintain a ban on importing rubies and jade amid a relaxation of curbs on U.S. trade with the Southeast Asian nation, American officials said. President Barack Obama’s executive order continues a gradual lifting of sanctions since the military government that had run the country also known as Burma for five decades stepped …

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Asian Investors Keen on Icelandic Bank

An investment group from Asia has expressed interest in buying the 95-percent share held by claimants of Glitnir Bank in Íslandsbanki. According to Morgunblaðið, the estimated price is ISK 115 billion (USD 970 million, EUR 726 million). After the 2008 banking collapse, the Icelandic government transferred domestic accounts from Glitnir to state-created lender Íslandsbanki. ZR Iceland Review

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Asia c.banks: Japan, Korea keep policy steady

The Bank of Japan kept monetary policy steady and held off on revising up its assessment of the economy on Thursday, opting to wait for more clues on whether the increasingly positive mood will encourage companies to ramp up spending. The Bank of Korea also left its policy interest rate untouched on Thursday, for a third straight month, and is …

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