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17m
Yonhap News Agency
U.S. focusing on cutting off N. Korea's income from coal trade, labor exports: Russelwritten statement submitted to a hearing before the House Foreign Affairs Subco
U.S. focusing on cutting off N. Korea's income from coal trade, labor exports: Russel
Yonhap News Agency / Posted 17 minutes ago
written statement submitted to a hearing before the House Foreign Affairs Subcommittee on Asia and the Pacific, saying the three countries are cooperating closely to curb Pyongyang's nuclear programs. "We're focusing our efforts on cutting off... Read more
39 related stories
1d
AllAfrica.com
'Only Operators With Deep Pockets and Competency Will Survive Deregulation'margins. Dr. Kachikwu and Maikanti Baru, have said we are under-retailed. In Vi
'Only Operators With Deep Pockets and Competency Will Survive Deregulation'
AllAfrica.com / Posted yesterday
margins. Dr. Kachikwu and Maikanti Baru, have said we are under-retailed. In Victoria Island for instance, there are only three fuel stations; if there is a small tightness in the market, there will be queues everywhere. What NNPC did was to... Read more
2d
Zero Hedge
Chinese Contagion Risks Surge: Banks' Reliance On Each Other For Funding Hits All Time Highso many LGBs so quickly. The programme commenced in May 2015 and reached over
Chinese Contagion Risks Surge: Banks' Reliance On Each Other For Funding Hits All Time High
Zero Hedge / Posted 2 days ago
so many LGBs so quickly. The programme commenced in May 2015 and reached over CNY3tn by the end of 2015. In the eight months this year, the stock of LGBs under the programme added another CNY3.6tn. Along with the increases in budget bonds... Read more
2d
Newsmax
Saudi Arabia Injects $5.3 Billion in Bank System Amid Crunchthe government to draw down on its deposits in the banking system, squeezing do
Saudi Arabia Injects $5.3 Billion in Bank System Amid Crunch
Newsmax / Posted 2 days ago
the government to draw down on its deposits in the banking system, squeezing domestic liquidity. That’s pushed up the three-month Saudi Interbank Offered Rate, a key benchmark used for pricing loans, to the highest level since 2009. The... Read more
2d
Zero Hedge
Saudis Offer To Cut Production By 500,000 Barrels: "The Oil Market Situation Is Much More Critical"in major cities, the majority of them employed by the government, have become m
Saudis Offer To Cut Production By 500,000 Barrels: "The Oil Market Situation Is Much More Critical"
Zero Hedge / Posted 2 days ago
in major cities, the majority of them employed by the government, have become more conscious about their spending in recent months, said Areej al-Aqel from Sown Advisory, which provides financial-planning services for middle-class individuals and... Read more
192 related stories
3d
AllAfrica.com
Slapped With an Interest Rate Cap, Banks Now Eye Debt Marketthe past year. About 16 corporate bonds are listed on the NSE, with an average
Slapped With an Interest Rate Cap, Banks Now Eye Debt Market
AllAfrica.com / Posted 3 days ago
the past year. About 16 corporate bonds are listed on the NSE, with an average yield of 13.5 per cent. The yield for a three-year bond was at 12.75 per cent last week, compared with 12.25 per cent a year ago. On Tuesday last week, bonds valued... Read more
13 related stories
4d
Zero Hedge
Global Central Bank-Driven Stock Rally Fizzles; Crude Rebounds On Saudi Oil Production Cut Reportit then promptly jumped in the mid-$46 range on the Saudi-Iran report. China’s
Global Central Bank-Driven Stock Rally Fizzles; Crude Rebounds On Saudi Oil Production Cut Report
Zero Hedge / Posted 4 days ago
it then promptly jumped in the mid-$46 range on the Saudi-Iran report. China’s 10-year bond yield fell to its low for the month, while Germany’s increased following its biggest drop since June. OPEC troubles aside, it was all central banks in the... Read more
6d
Reuters
FX, money market kinks fuel dollar bond issuance bonanza from Japaninstitutions, which have higher dollar borrowing levels and therefore greater d
FX, money market kinks fuel dollar bond issuance bonanza from Japan
Reuters / Posted 6 days ago
institutions, which have higher dollar borrowing levels and therefore greater dollar funding needs. This comes as the three-month dollar/yen currency basis JPYCBS3M=TRDT is trading around -70 basis points, signifying a 70 bps premium for... Read more
6d
Zero Hedge
Metals Producer Is China's First State-Owned Company To Liquidate In BankruptcyChinese state-owned metal producer, has finally been declared bankrupt by a Chi
Metals Producer Is China's First State-Owned Company To Liquidate In Bankruptcy
Zero Hedge / Posted 6 days ago
Chinese state-owned metal producer, has finally been declared bankrupt by a Chinese court, becoming the country’s first interbank bond issuer to fail. It is also China's first bankruptcy case in which a state-owned company has liquidated. As... Read more
8d
Zero Hedge
Overnight Hibor Soars To 23.7%, Second Highest On Record, As PBOC War With Yuan Shorts Turns Uglymay have explained today's aggressive spike in HIBOR tightening. This theory w
Overnight Hibor Soars To 23.7%, Second Highest On Record, As PBOC War With Yuan Shorts Turns Ugly
Zero Hedge / Posted 8 days ago
may have explained today's aggressive spike in HIBOR tightening. This theory was validated overnight when the overnight interbank yuan rate surged the most since January in Hong Kong amid what Bloomberg said was "speculation China’s central bank... Read more
8d
Zero Hedge
Global Stocks, US Futures Rebound As Oil Rises, Dollar Dropsmarkets over the past two weeks amid concern central banks are becoming relucta
Global Stocks, US Futures Rebound As Oil Rises, Dollar Drops
Zero Hedge / Posted 8 days ago
markets over the past two weeks amid concern central banks are becoming reluctant to loosen monetary policy, while at least three bombs discovered in New York and New Jersey over the weekend may increase political turmoil. The MSCI All-Country... Read more
8d
AllAfrica.com
Markets Watch CBN for Direction As MPC Meetsquarter of 2016. Since the CBN introduced a flexible exchange rate regime to a
Markets Watch CBN for Direction As MPC Meets
AllAfrica.com / Posted 8 days ago
quarter of 2016. Since the CBN introduced a flexible exchange rate regime to allow the currency to trade freely on the interbank forex market, dollar liquidity has remained a challenge. Owing to this, the central bank has remained the major... Read more
13 related stories
11d
Newsmax
FT: Prime Money Market Funds Nosedive with New SEC Rulesfunds are bracing for $300 billion of withdrawals as new rules enacted after th
FT: Prime Money Market Funds Nosedive with New SEC Rules
Newsmax / Posted 11 days ago
funds are bracing for $300 billion of withdrawals as new rules enacted after the 2008 financial crisis take effect next month. The Securities and Exchange Commission's money-market reforms begin on Oct. 14, requiring that institutional prime... Read more
2 related stories
11d
The Hindu
Rupee up by 5 paise to 66.97 on cooling Fed rate hike fearspast, a forex dealer commented. The rupee opened on a firm footing at 66.86 fr
Rupee up by 5 paise to 66.97 on cooling Fed rate hike fears
The Hindu / Posted 11 days ago
past, a forex dealer commented. The rupee opened on a firm footing at 66.86 from Thursday’s closing value of 67.02 at the Interbank Foreign Exchange (forex) market and firmed up further to 66.84 on fresh bouts of dollar selling by... Read more
21 related stories
13d
The Globe and Mail
There’s a $300-billion exodus ahead with new money-fund eraof deposit, which banks depend on for funding. As a result, banks’ unsecured le
There’s a $300-billion exodus ahead with new money-fund era
The Globe and Mail / Posted 13 days ago
of deposit, which banks depend on for funding. As a result, banks’ unsecured lending rates, such as the dollar London interbank offered rate, have soared. Three-month Libor was about 0.85 per cent Wednesday, close to the highest since... Read more
2 related stories
13d
Newsmax
There's a $300 Billion Exodus Ahead as New Money-Fund Era Dawnsof deposit, which banks depend on for funding. As a result, banks’ unsecured le
There's a $300 Billion Exodus Ahead as New Money-Fund Era Dawns
Newsmax / Posted 13 days ago
of deposit, which banks depend on for funding. As a result, banks’ unsecured lending rates, such as the dollar London interbank offered rate, have soared. Three-month Libor reached about 0.86 percent Tuesday, the highest since 2009. Libor may... Read more
2 related stories
13d
AllAfrica.com
Govt to Borrow N1 Trillion From Cash-Strapped BanksThe credit squeeze in Nigeria's private sector may continue in the next three m
Govt to Borrow N1 Trillion From Cash-Strapped Banks
AllAfrica.com / Posted 13 days ago
The credit squeeze in Nigeria's private sector may continue in the next three months as the Federal Government plans to borrow N952.04 billion from banks within the period. Banks' loans to the private sector in the last 18 months have been very low... Read more
13d
Zero Hedge
China Crushes Yuan Shorts As HIBOR Explodes 190% To 7 Month HighYuan shorts, the biggest since the January devaluation scare when the cost of b
China Crushes Yuan Shorts As HIBOR Explodes 190% To 7 Month High
Zero Hedge / Posted 13 days ago
Yuan shorts, the biggest since the January devaluation scare when the cost of borrowing yuan in Hong Kong soared to a seven-month high amid. The overnight HIBOR, or Hong Kong Interbank Offered Rate, jumped - seemingly without reason - by 3.88%... Read more
15d
AllAfrica.com
'SEC Is Committed to Inclusive Participation'within the master plan, the Capital Market Implementation Council (CAMMIC), pri
'SEC Is Committed to Inclusive Participation'
AllAfrica.com / Posted 15 days ago
within the master plan, the Capital Market Implementation Council (CAMMIC), prior to this meeting, did a lot of work few months ago in Lagos. The CAMMIC is an advocacy group, meant to kick start the buying in of all the key stakeholders in the... Read more
15d
Business Standard India
Sensex sinks 444 points on Fed rate hike likelihood, profit bookingwitnessed a sharp plunge on Monday after prospects of a rate hike by the US Fed
Sensex sinks 444 points on Fed rate hike likelihood, profit booking
Business Standard India / Posted 15 days ago
witnessed a sharp plunge on Monday after prospects of a rate hike by the US Federal Reserve during latter half of the month rattled global markets while commodities also slumped. “Nifty/Sensex is trading at 18x 1 year forward EPS and around... Read more
17d
asianage
Forex: The rupee gained further ground against the US dollarThe domestic unit strengthened by 14 paise, or 21 per cent after briefly reclai
Forex: The rupee gained further ground against the US dollar
asianage / Posted 17 days ago
The domestic unit strengthened by 14 paise, or 21 per cent after briefly reclaiming a four-month high of 66.32. to end at near one-month high of 66.68 in a fairly volatile trading sessions... Read more
21 related stories
17d
asianage
Forex The rupee gained further ground against the US dollarThe domestic unit strengthened by 14 paise, or 21 per cent after briefly reclai
Forex The rupee gained further ground against the US dollar
asianage / Posted 17 days ago
The domestic unit strengthened by 14 paise, or 21 per cent after briefly reclaiming a four-month high of 66.32. Forex: The rupee gained further ground against the US dollar to end at near one-month high of 66.68 in a fairly volatile trading sessions... Read more
21 related stories
19d
Zero Hedge
Chinese Central Bank Crushes Yuan Shorts, Launching Bitcoin Buying Spreeon currency Yuan shorts since the January devaluation scare when the cost of bo
Chinese Central Bank Crushes Yuan Shorts, Launching Bitcoin Buying Spree
Zero Hedge / Posted 19 days ago
on currency Yuan shorts since the January devaluation scare when the cost of borrowing yuan in Hong Kong soared to a seven-month high amid. The overnight HIBOR, or Hong Kong Interbank Offered Rate, jumped - seemingly without reason - by 3.88%... Read more
19d
Reuters
Reliance of smaller Chinese banks on interbank funds raises credit worriesthe banks towards more stable funding. China's mid-sized and smaller banks acc
Reliance of smaller Chinese banks on interbank funds raises credit worries
Reuters / Posted 19 days ago
the banks towards more stable funding. China's mid-sized and smaller banks accounted for half of the trading value in the interbank market in each of the three quarters ended June, data from the China Foreign Exchange Trade System (CFETS)... Read more
20d
The Hindu
Rupee hits 4 month high, gains 15 paise to 66.37The rupee appreciated by 15 paise to close at a four-month high of 66.37 agains
Rupee hits 4 month high, gains 15 paise to 66.37
The Hindu / Posted 20 days ago
The rupee appreciated by 15 paise to close at a four-month high of 66.37 against the US currency, extending its gaining spree for the sixth session in a row. A weak US dollar in overseas markets was the main reason for the rupee rise even as losses... Read more
21 related stories
20d
Reuters
Swiss central bank to keep monetary policy on hold next weekthe euro. All but two of the 31 economists polled by Reuters expect the SNB on
Swiss central bank to keep monetary policy on hold next week
Reuters / Posted 20 days ago
the euro. All but two of the 31 economists polled by Reuters expect the SNB on Sept. 15 to keep its target range for the three month London Interbank Offered Rate at -1.25 percent to -0.25 percent, while all but one expected it to retain a... Read more
2 related stories
21d
Reuters
Hungary central bank eyes proportionate cut in three-month depositsBUDAPEST Hungary's central bank will decide at its meeting this month how to lo
Hungary central bank eyes proportionate cut in three-month deposits
Reuters / Posted 21 days ago
BUDAPEST Hungary's central bank will decide at its meeting this month how to lower the amount of three-month deposits it holds, but in a way that will affect depositors proportionately, Managing Director Barnabas Virag told Reuters. Last month, the... Read more
25d
The Hindu
Rupee ends firmer at 66.82 on dollar selling, up 13 paisethe rupee sentiment. The home currency opened substantially higher at 66.85 fr
Rupee ends firmer at 66.82 on dollar selling, up 13 paise
The Hindu / Posted 25 days ago
the rupee sentiment. The home currency opened substantially higher at 66.85 from previous closing value of 66.95 at the Interbank Foreign Exchange (Forex) market owing to sustained dollar selling by exporters and banks. It remained largely... Read more
17 related stories
26d
The Hindu
Rupee ends a tad higher at 66.95 against dollarperiod of last fiscal. The rupee resumed lower at 67.05 compared with overnigh
Rupee ends a tad higher at 66.95 against dollar
The Hindu / Posted 26 days ago
period of last fiscal. The rupee resumed lower at 67.05 compared with overnight closing value of 66.96 at the Interbank Foreign Exchange (Forex) market and softened further to 67.07 due to mild dollar demand from state-run... Read more
17 related stories
26d
AllAfrica.com
Naira Hits N420/$ At Parallel Market As CBN's Interventions Eat Up Reservesto decline hitting N420 to the dollar, as dollar sales by the Central Bank of N
Naira Hits N420/$ At Parallel Market As CBN's Interventions Eat Up Reserves
AllAfrica.com / Posted 26 days ago
to decline hitting N420 to the dollar, as dollar sales by the Central Bank of Nigeria (CBN) boosted liquidity at the interbank market where the naira closed at N306 to the dollar. At the parallel market, the naira had weakened from N407... Read more
26d
AllAfrica.com
Oil Prices Rise to U.S.$49.73 On U.S., Opec Speculationin the United States Gulf due to an expected tropical storm and speculation tha
Oil Prices Rise to U.S.$49.73 On U.S., Opec Speculation
AllAfrica.com / Posted 26 days ago
in the United States Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices. Brent crude futures traded at $49.73 per barrel yesterday, up 47 cents from the previous... Read more
27d
Zero Hedge
In Historic Event, China Sells First World Bank SDR-Denominated Bonds In Decadesand Development (IBRD), one of the five member-institutions of the World Bank G
In Historic Event, China Sells First World Bank SDR-Denominated Bonds In Decades
Zero Hedge / Posted 27 days ago
and Development (IBRD), one of the five member-institutions of the World Bank Group, sold 500 million SDR-denominated three-year bonds carrying a coupon of 0.49% at an auction in China's interbank market on Wednesday. This was the first SDR... Read more
2 related stories
m
Zero Hedge
With Janet Yellen Just Hours Away, Directionless Markets Wait For A Signalalong with oil which continues to move on every single OPEC-meeting headline, a
With Janet Yellen Just Hours Away, Directionless Markets Wait For A Signal
Zero Hedge / Posted 1 months ago
along with oil which continues to move on every single OPEC-meeting headline, and is set for its first weekly drop in a month. The MSCI All-Country World index was down 0.1% in early trading, after slipping to its lowest level since Aug. 9,... Read more
4 related stories
m
AllAfrica.com
Naira Appreciates to N315.93/Dollar As Foreign Investors Take AdvantagePeter Egwuatu With Agency Reports Naira, yesterday, appreciated by 3.52 per ce
Naira Appreciates to N315.93/Dollar As Foreign Investors Take Advantage
AllAfrica.com / Posted 1 months ago
Peter Egwuatu With Agency Reports Naira, yesterday, appreciated by 3.52 per cent to close at N315.93 to a dollar at the interbank market, prompting calls for foreign investors to take advantage of the appreciation. However, the naira suffered a... Read more

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