Capital Markets

Long-bond fever ignores interest rate perils

TOKYO -- Yield-hungry investors are snapping up long-term bonds as fast as companies can issue them, decoupling yield and creditworthiness in a way that could prove dangerous if interest rates begin to rise.The boom in ultralong bonds with maturities...

  • Vedanta's Sweetened Offer Brightens Cairn Energy Merger Chance

    MUMBAI (NewsRise) -- Indian mining and metals company Vedanta's sweetened offer to take over the local unit of Cairn Energy has improved the chances of salvaging the troubled merger that has been delayed for more than a year, but concerns linger over...

  • Brisk bond market helping Southeast Asia Inc. raise cash

    TOKYO -- Corporate fundraising through bond floats is more popular than ever in Southeast Asia, thanks to a sizable investor appetite and improvements to market functionality.

  • Indian IPO market upswing lures more companies

    MUMBAI (NewsRise) -- India's primary market has gone from strength to strength over the last 18 months, but more big ticket offerings are in the offing, including an estimated $800 million stock sale by ICICI Bank's insurance arm, slated to be the bi...

  • Turkey lowers key interest rate by quarter point

    ISTANBUL -- The Turkish central bank cut the overnight lending rate for a fifth straight month Tuesday, to 8.75% from 9%, in a bid to quell market concerns over the failed coup and to help satisfy funding needs of the country's banks and companies.It...

  • Malaysia's recent rate cut renews appeal for REITs

    KUALA LUMPUR (NewsRise) -- Malaysia-listed real estate investment trusts, also known as REITs, are witnessing a renewed interest following last week's surprise rate cut by the central bank as investors seek higher returns amid declining bond yields.S...

  • Line to concentrate on key Asian markets: CEO

    TOKYO -- Line will keep its focus trained on Asian markets where it has already found popularity, aiming to become an indispensable digital service hub rather than the global chat leader, the app operator's chief executive said Friday.The company deb...

  • SGX equity market resumes after half-day shutdown

    SINGAPORE -- After frustrating investors with a half-day shutdown on Thursday, the Singapore Exchange equity market opened on Friday at 9 a.m. Singapore time as usual. The Straits Times Index opened at 2932.35 on Friday, slightly higher than 2906.92 ...

  • Singapore Exchange says securities market to reopen Friday after disruption

    SINGAPORE (Reuters) -- Trading in the Singapore securities market will resume on Friday after the fourth major interruption on the exchange in the past two years, piling pressure on CEO Loh Boon Chye as he tries to rejuvenate a bourse facing stiff co...

  • International rating agencies wary of South China Sea tension

    HONG KONG -- Top rating agencies have cautioned that mounting geopolitical risks arising from this week's South China Sea ruling could weigh on sovereign ratings of economies in the region.The latest warning has come from Standard & Poor's, which on ...

  • Singapore Exchange securities market temporarily stops trading

    SINGAPORE (Dow Jones) -- Singapore Exchange Ltd. Thursday said its securities market has temporarily stopped trading, without stating a reason for the disruption.Trading stopped at 11:38 a.m. local time, which is 0338 GMT, Singapore Exchange said on ...

  • Junk bond issuance slows amid rising defaults

    TOKYO -- High-yield bond issuance is on the decline globally as uncertainty over the world economy and a series of corporate debt defaults have eroded investor confidence.In the first six months of 2016, the issuance volume of such bonds fell 35% fro...

  • Dai-ichi Life plans $2.5bn bond issuance to cash in on ultralow rates

    TOKYO -- Japan's Dai-ichi Life Insurance plans to issue $2.5 billion of perpetual subordinated bonds this month, sources said Thursday.It will be the biggest issuance of such bonds by a Japanese life insurer.The coupon for the first 10 years will be ...

  • BRICS bank set for first bond float

    SHANGHAI -- The New Development Bank backed by the BRICS emerging-market bloc is preparing for its first bond offering next week, likely aiming to diversify its funding sources as well as raise money for loans.The bank is expected to issue 3 billion ...

  • Bitcoin and China's endless chain of bubbles

    SHANGHAI -- From the stock and property markets to other segments of the economy, bubbles are continually cropping up in China. Lately, the country's investors have been turning to bitcoin in droves.Chinese investors are constantly shifting from one ...

  • Bank of England eases rules for banks to meet Brexit challenge

    LONDON (Reuters) -- The Bank of England took steps to ensure British banks can keep lending and insurers do not dump corporate bonds in the "challenging" period that is likely to follow the country's shock vote to leave the European Union.The central...

  • Japan nets 60bn yen on bond auction as yields plummet

    TOKYO -- Auctioning off Japanese government bonds is becoming a profitable business for the finance ministry as yields move further below zero, though costs passed from buyers to the central bank could lighten the country's wallet in the long run.Und...

  • GPIF's stock-heavy portfolio takes hit from Brexit turmoil

    TOKYO -- As the British vote to exit the European Union roils the market, the eroding value of the Government Pension Investment Fund's assets is raising questions about a 2014 portfolio reshuffling that increased its exposure to equities.Assets mana...

  • Japan's monetary base hits new high in June for 7th month

    TOKYO (Kyodo) -- Japan's monetary base rose to a record high in June for the seventh straight month, as the Bank of Japan continued to provide more liquidity to bolster inflation, BOJ data showed Monday.The monetary base at the end of the month stood...

  • Commentary

    Thomas Mayer -- The New Fragile

    The fragile state of the financial system presents three choices for investors, argues Thomas Mayer.