Search Results for: Chinese yuan
Bank of Russia Opposes Forex Restrictions
April 28th, 2015
The Bank of Russia said late Monday that it opposes any restrictions on using foreign currencies in Russia, addressing earlier calls from the country’s security council. The inter-agencies commission of the Security Council of Russia had told the central ...
Hong Kong shares rocket as mainland rally spills over
April 9th, 2015
Funds trying to arbitrage major price differences Chinese funds buying HK shares ahead of Shenzhen pilot Previous attempts failed on tepid demand for HK shares Investors see HK shares as less bubbly than mainland stocks (Adds more detail on ...
China’s thriving brokerage minnows set to come under M&A spotlight
April 3rd, 2015
* Stock market boom saw brokers doubling profits in 2014 * Beijing plans to open up sector to more financial firms * Stiff industry competition ahead to lead to more deals In the shoals of China’s little-known stockbrokers, fast-growing ...
China to reap Alibaba windfall as tightens up on tax
March 23rd, 2015
China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group BABA.N who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky ...
China stocks fall as IPO burst raises liquidity concerns; HK also down
March 9th, 2015
China stocks sank on Monday morning amid worries over tighter liquidity as 23 companies are poised to sell shares publicly this week, potentially locking over 3 trillion yuan ($478.84 billion) of capital. The decline was led by brokerages, which slumped after China’s ...
Moscow Exchange Signs Cooperation Agreement with Bank of China
October 13th, 2014
Moscow Exchange and Bank of China have signed a cooperation agreement aimed at expanding collaboration between the Russian and Chinese financial markets. Bank of China President Chen Siqing and Moscow Exchange CEO Alexander Afanasiev signed the agreement during an ...
Moscow Exchange’s turnover at RUB 44.2 trln in July 2014
August 5th, 2014
Moscow Exchange’s turnover reached RUB 44.2 trln in July 2014, an increase compared to the same period last year (July 2013: RUB 43.9 trln). The largest turnover was shown by the FX market (up 37% YoY), Equity Market (up ...
USD/HKD remains bullish as HKMA Buys $690 Million
July 28th, 2014
Hong Kong’s de facto central bank bought $690 million on July 25 to defend the city’s 31-year-old peg to the U.S. dollar as it expects demand for the local currency to continue. “Having regard to the on-going listings, mergers ...
Asia follows Wall St. higher, euro probes lows
July 17th, 2014
Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger ...
Emerging Markets: What Has Changed
June 20th, 2014
1) Russia continues to liberalize the currency and move to an inflation targeting regime 2) Political risk is rising in Poland 3) South Africa came under renewed rating downgrade pressures 4) The Chinese yuan’s one-way depreciating bet appears to ...
