(Bloomberg) -- Australia's S&P/ASX 200 Index fell 22.10, or 0.4 percent, to 6185.40 as of 1:51 p.m. in Sydney. National Australia Bank Ltd. and Commonwealth Bank of Australia declined.
To contact the reporter for this story: Emma O'Brien in Wellington on eobrien6@bloomberg.net
Read more at Bloomberg Stocks News
Sunday, April 22, 2007
JGB futures little changed, eye auctions and BOJ
(Reuters) - Bond investors were keeping an eye on the performance of stocks and Treasuries and holding a wait-and-see stance leading up to a slew of data on Friday including consumer prices and the Bank of Japan's twice-yearly economic outlook report.
Short-term yields have steadily risen and euroyen futures have slid to a nine-year low as investors believe the BOJ will likely lift overnight rates later in the year to 0.75 percent from the current 0.5 percent as long as growth remains solid.
Read more at Reuters.com Bonds News
Short-term yields have steadily risen and euroyen futures have slid to a nine-year low as investors believe the BOJ will likely lift overnight rates later in the year to 0.75 percent from the current 0.5 percent as long as growth remains solid.
Read more at Reuters.com Bonds News
Shanghai Copper Rises on Decline in Stockpiles, Aluminum and Zinc Increase
(Bloomberg) -- Copper futures in Shanghai rose, snapping a two-day decline, as a drop in global stockpiles, supported an outlook for increasing demand for the metal.
Stockpiles monitored by the London Metal Exchange fell to 169,075 metric tons on April 20, down 3 percent on a week earlier and below the 170,000-ton level for the first time since December 12, 2006. Most decreases occurred in warehouses in the U.S., the world's second-biggest copper user after China.
Read more at Bloomberg Commodities News
Stockpiles monitored by the London Metal Exchange fell to 169,075 metric tons on April 20, down 3 percent on a week earlier and below the 170,000-ton level for the first time since December 12, 2006. Most decreases occurred in warehouses in the U.S., the world's second-biggest copper user after China.
Read more at Bloomberg Commodities News
China Mobile President Seeks Assets in Southeast Asia, Africa to Add Sales
(Bloomberg) -- China Mobile Communications Corp., parent of the world's largest wireless operator by market value, plans to acquire companies in Africa and Southeast Asia to boost subscriber revenue.
``We are interested in neighboring countries in Southeast Asia and some other emerging markets like those in Africa,'' Wang Jianzhou, president of the Beijing-based company, said in an interview yesterday at the Boao Forum on the southern Chinese island of Hainan. He declined to identify companies or say if an acquisition was likely this year.
Read more at Bloomberg Currencies News
``We are interested in neighboring countries in Southeast Asia and some other emerging markets like those in Africa,'' Wang Jianzhou, president of the Beijing-based company, said in an interview yesterday at the Boao Forum on the southern Chinese island of Hainan. He declined to identify companies or say if an acquisition was likely this year.
Read more at Bloomberg Currencies News
Singapore's Straits Times Index Advances; United Overseas and SingTel Gain
(Bloomberg) -- Singapore's Straits Times Index rose 45.69, or 1.4 percent, to 3406.36 as of 9:01 a.m. local time. April futures climbed 1.4 percent to 418.3.
United Overseas Bank Ltd. and Singapore Telecommunications Ltd. led gains.
Read more at Bloomberg Stocks News
United Overseas Bank Ltd. and Singapore Telecommunications Ltd. led gains.
Read more at Bloomberg Stocks News
India's Rupee May Rise as Central Bank Allows Gains to Contain Inflation
(Bloomberg) -- India's rupee may advance an eighth week on speculation the central bank will refrain from curbing gains to temper inflation, after a report on April 20 showed wholesale prices accelerated, traders said.
Nine of 10 traders surveyed by Bloomberg News expect the currency to extend its rally after last week closing at the highest in almost nine years. Central bank policy makers, who meet tomorrow to decide on interest rates, may allow the rupee to gain in their effort to tame inflation that stayed above their comfort level for the 18th consecutive week.
Read more at Bloomberg Currencies News
Nine of 10 traders surveyed by Bloomberg News expect the currency to extend its rally after last week closing at the highest in almost nine years. Central bank policy makers, who meet tomorrow to decide on interest rates, may allow the rupee to gain in their effort to tame inflation that stayed above their comfort level for the 18th consecutive week.
Read more at Bloomberg Currencies News
China's Coal Imports Increase 53 Percent in March; Exports Drop 36 Percent
(Bloomberg) -- China, the world's second-largest energy consumer, increased coal imports by 53 percent to 5.67 million metric tons in March.
The nation's coal exports fell 36 percent to 3.71 million tons in the same month.
Read more at Bloomberg Energy News
The nation's coal exports fell 36 percent to 3.71 million tons in the same month.
Read more at Bloomberg Energy News
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