Looming U.S. rate hike, unstable markets spark Asia perpetual bond boom
Fri Aug 28, 2015 4:36am EDT
Prospects of a U.S. interest rate hike and volatile stock markets have turned perpetual bonds into a popular funding tool for Asian companies, which have doubled their borrowing this way to a record $26 billion so far this year.
Don’t blame yuan devaluation for global market rout: China central bank official
Thu Aug 27, 2015 9:51am EDT
China’s yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said.
Ukraine has reached ‘win-win’ debt deal with creditor group: finance minister
Thu Aug 27, 2015 5:25am EDT
Ukraine’s finance minister said a “win-win” deal for restructuring $18 billion of debt had been agreed with a group of its largest creditors.
China central bank sets yuan midpoint at weakest level since 2011
Wed Aug 26, 2015 9:49pm EDT
China’s central bank set the yuan’s midpoint at 6.4085 to the dollar CNY=SAEC on Thursday, the weakest level since 2011.
ECB inflation target at increased risk: Praet
Wed Aug 26, 2015 7:19am EDT
The risk has increased that the European Central Bank will miss its medium-term inflation target and the bank is prepared to beef up its asset purchase program, known as quantitative easing, if necessary, a top rate setter said on Wednesday.