1:06 pm October 29, 2014 | No Comment
Japan’s $1.1-trillion public pension fund pulled back from Japanese bonds in the most recent quarter, allowing domestic bonds to fall below half of its portfolio for the first time, a person with direct knowledge of the allocation told Reuters. Japan’s Government Pension Investment Fund, the world’s largest public pension, is scheduled to announce details on […]
4:08 pm October 28, 2014 | No Comment
  Deutsche Bank AG’s Asia-Pacific wealth-management business aims to increase revenue by 20 percent in 2015 by targeting the region’s richest people. The bank will seek new clients and try to lure money from existing customers as it focuses on individuals with at least $100 million of potential investable assets, said Mark Smallwood, Deutsche Asset […]
1:16 pm October 28, 2014 | No Comment
Jakarta. The gradually weakening Indonesian rupiah is fast closing in on levels that will force foreign holders of the country’s bonds to sell and exit the market to avoid losses. The currency has weakened 1.8 percent against the dollar in the past week and 7.5 percent since March, trading around 12,165 per dollar on Tuesday. […]
1:10 pm October 28, 2014 | No Comment
Jakarta. Adira Dinamika Multi Finance, the financing unit of Bank Danamon Indonesia, is planning to sell around Rp 1.6 trillion ($133 million) in bonds next month. The bonds will be divided into two types: Rp 1.5 trillion in conventional bonds and Rp 133 billion in profit-sharing bonds, or mudharabah shariah bonds. The company — which […]
10:43 am October 28, 2014 | No Comment
Jakarta. Bank Pan Indonesia, the nation’s ninth-largest lender by assets, posted a 15 percent increase in nine-month profit, as gains from non-interest income compensated for the decline in interest income. Net income at the lender called Bank Panin rose to Rp 2.03 trillion ($168 million) in the January-September period from Rp 1.78 trillion in the […]
10:14 am October 28, 2014 | No Comment
Profit at state-controlled home lender Bank Tabungan Negara dropped 29 percent in the first nine months of this year as the lender suffered from the negative impacts of tight liquidity conditions in the country’s banking system.
2:48 pm October 27, 2014 | No Comment
Beijing. China’s central bank said on Monday that it has authorized the nation’s interbank foreign exchange market to start direct trading between the Chinese yuan and the Singapore dollar. The step will help promote the use of the yuan and Singapore dollar in bilateral trade and investment and lower currency trading costs, the People’s Bank […]
2:40 pm October 27, 2014 | No Comment
London. Unless it springs a major surprise, the US Federal Reserve will call time this week on its program of government bond purchases, which at one point was pumping $85 billion a month into financial markets and the economy. James Bullard, who heads the St. Louis Fed, has suggested that sticking with bond purchases for […]
2:17 pm October 27, 2014 | No Comment
The European Union’s toughest-ever stress test was meant to leave banks with nowhere to hide. The results show how the bloc’s capital rules got in the way. A total of 24 lenders failed the European Banking Authority’s stress test with a capital shortfall of 24.6 billion euros ($31.2 billion). The EBA used EU rules as […]
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