Asia News

India 5-yr swap at 2-1/2-mth low on profit booking

Reuters - Wednesday, November 25

MUMBAI, Nov 24 (Reuters) - Indian five-year swap rate fell to its 2-1/2-month low on Tuesday as a rally in bond prices prompted investors to cut earlier paid positions, traders said. More »

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Yuan ends up, but trades lower than c.bank rate
Reuters - Wednesday, November 25
* Capital controls cause dollar shortfall despite FX reserves
More careful exit from easy policy must - cbank
Reuters - Wednesday, November 25
MUMBAI, Nov 24 (Reuters) - Exit from the accomodative monetary policy stance has to be done carefully and strategically, Reserve Bank of India's newly appointed deputy governor said after joining office on Tuesday.
Oil India aims to buy overseas asset by end March
Reuters - Wednesday, November 25
NEW DELHI, Nov 24 (Reuters) - Indian exploration firm Oil India Ltd <OILI.BO> hopes to acquire stake in at least one overseas oil producing asset by the end of this fiscal year in March, its Chairman N.M. Borah told reporters on Tuesday.
PREVIEW-EU has faint hope in quest for stronger yuan
Reuters - Wednesday, November 25
By Alan Wheatley, China Economics Editor
Malaysia to introduce value added tax "very gently"
Reuters - Wednesday, November 25
KUALA LUMPUR, Nov 24 (Reuters) - Malaysia's government will introduce a bill to bring in a goods and services tax in the current sitting of parliament that ends on Dec. 15, the prime minister said.
S.Korea BOK grew warier on economy in Oct
Reuters - Wednesday, November 25
(Updates with details)
China shares fall on economic policy uncertainty
AP - Tuesday, November 24
SHANGHAI - Chinese shares retreated Tuesday on policy uncertainty ahead of the government's annual economic planning meeting.
Bank of China hits 2-wk low on possible capital-raising
Reuters - Tuesday, November 24
HONG KONG, Nov 24 (Reuters) - Shares in Bank of China <3988.HK> fell as much as 4.4 percent to a two-week low in Hong Kong on Tuesday after the bank said it was studying ways to raise capital, but had no plans to do so for now. [ID::nPEK295547]
Indonesia c.bank: inflation at 3.5 pct by year-end
Reuters - Tuesday, November 24
(Adds quotes, details)
S.Korea c.bank to set inflation target on Nov 26
Reuters - Tuesday, November 24
SEOUL, Nov 24 (Reuters) - South Korea's central bank said on Tuesday that its monetary policy board members would decide on its annual inflation target for the coming years on Nov. 26.
JGB futures gain on Nikkei fall, firm longer bonds
Reuters - Tuesday, November 24
* Longer-dated bonds rise as some investors buy on dips
Japan's Hitachi to build rail car plant in Britain
AFP - Tuesday, November 24
TOKYO (AFP) - - Japanese high-tech giant Hitachi Ltd. plans to build railway cars in Britain in a multi-billion-dollar deal that would also create hundreds of new jobs, a company spokesman said Tuesday.
Subir Gokarn takes charge as India cbank deputy
Reuters - Tuesday, November 24
MUMBAI, Nov 24 (Reuters) - Subir Gokarn on Tuesday took over as the deputy governor of the Reserve Bank of India (RBI), the central bank said in a statement.
China stocks drop 3.5 pct in heavy trade, B shrs dive
Reuters - Tuesday, November 24
SHANGHAI, Nov 24 (Reuters) - China's key stock index slid 3.45 percent on Tuesday while turnover jumped to a four-month high, as the dollar-denominated B-share index <.SSEB> plunged and technical signals pointed an overbought market.
Singapore tourism falls slightly in October
AP - Tuesday, November 24
SINGAPORE - Singapore's tourist arrivals fell slightly in October from a year earlier as global travel slowly recovered.
China backs writers in fight against Google Books
AFP - Tuesday, November 24
BEIJING (AFP) - - China said Google has probably breached copyright laws by scanning Chinese books for its online library and supported writers to "defend their rights", state media reported Tuesday.
Japan finance minister urges BoJ to tackle deflation
AFP - Tuesday, November 24
TOKYO (AFP) - - Japan's finance minister said Tuesday that monetary policy is key to tackling deflation and urged the Bank of Japan (BoJ) to take on a more aggressive role in staving off falling prices.
India invites bankers to manage NTPC stake sale
Reuters - Tuesday, November 24
MUMBAI, Nov 24 (Reuters) - India has invited proposals from merchant bankers to manage the government's proposed 5 percent stake sale in leading utility NTPC <NTPC.BO>, which could fetch about $1.9 billion at current market prices.
Shanghai's B shares dive on policy disappointment
Reuters - Tuesday, November 24
SHANGHAI, Nov 24 (Reuters) - Shanghai's dollar-denominated B-share index <.SSEB> plunged more than 8 percent on Tuesday afternoon as investors were disappointed at a lack of market-friendly steps from the government, rumours of which had fanned a nearly 20 percent rally in the market earlier this month.