(Reuters) - Thursday's late announcement of a 0.5 percentage point reserve ratio increase, to take effect on April 16, came several weeks earlier than many in the markets had anticipated but was by no means a big surprise.
"It's earlier than expected, but it's still a continuation of the central bank's stated monetary policy," said senior analyst Fang Ming at Bank of China in a research report on Friday.
Read more at Reuters.com Business News
Thursday, April 5, 2007
UPDATE 1-Volkswagen Jan-Mar China/HK vehicle sales up 23 pct
(Reuters) - The maker of Volkswagen and Audi brand cars moved 202,623 units during the period, including imports, up from 164,708 the year before, the company said in a statement.
That compared with 25 percent growth for General Motors Corp. , which recorded sales of 291,588 vehicles in the mainland from January to March.
Read more at Reuters.com Market News
That compared with 25 percent growth for General Motors Corp. , which recorded sales of 291,588 vehicles in the mainland from January to March.
Read more at Reuters.com Market News
UPDATE 1-Japan banks plan Y1.7 trln credit line for Citi
(Reuters) - TOKYO, April 6 - A group of Japanese banks is arranging a 1.7 trillion yen line of credit for Citigroup to fund the U.S. lender's acquisition of Nikko Cordial Corp. , sources close to the deal said on Friday.
Citigroup confirmed that it had secured financing but declined to say how much. People involved said the credit line amounted to 1.4 trillion yen with an option for an additional 300 billion yen -- a total roughly equal to the maximum cost of Citigroup's bid for Nikko.
Read more at Reuters.com Mergers News
Citigroup confirmed that it had secured financing but declined to say how much. People involved said the credit line amounted to 1.4 trillion yen with an option for an additional 300 billion yen -- a total roughly equal to the maximum cost of Citigroup's bid for Nikko.
Read more at Reuters.com Mergers News
JGBs ease on falling Treasuries, trade in range
(Reuters) - With investors looking for clues on the market's direction and not in a hurry to buy as the new business year just began this week, bond prices fell ahead of the Bank of Japan's policy meeting next week and upcoming bond supply, traders said. "The drop in U.S. Treasuries is weighing on JGBs this session but trading is range-bound as foreign players are absent and there is no major data," said Naomi Hasegawa, a senior fixed-income strategist at Mitsubishi UFJ Securities.
The two-year yield edged up 0.5 basis point to 0.810 percent, while the five-year yield also inched up 0.5 basis point to 1.215 percent.
Read more at Reuters.com Bonds News
The two-year yield edged up 0.5 basis point to 0.810 percent, while the five-year yield also inched up 0.5 basis point to 1.215 percent.
Read more at Reuters.com Bonds News
UPDATE 1-Japan March foreign reserves rise to record high
(Reuters) - The reserves totaled $908.958 billion in March, up $3.91 billion from February, when they topped $900 billion for the first time.
A rise in the euro, which boosted the dollar value of Japan's euro-denominated reserve holdings, and interest rate income from deposits also pushed up the reserves, a ministry official said.
Read more at Reuters.com Economic News
A rise in the euro, which boosted the dollar value of Japan's euro-denominated reserve holdings, and interest rate income from deposits also pushed up the reserves, a ministry official said.
Read more at Reuters.com Economic News
Devon may be takeover target for Exxon-BusinessWeek
(Reuters) - Gheit said perennial rumors of an Exxon-Devon merger have resurfaced in recent weeks.
Exxon officials were not immediately available for comment.
Read more at Reuters.com Mergers News
Exxon officials were not immediately available for comment.
Read more at Reuters.com Mergers News
Students fear for job prospects in US visa crunch
(Reuters) - Fresh university graduates are vulnerable to being rejected for the H-1B visas designated for skilled workers. A record 150,000 H-1B applications were filed in one day this week, nearly double the number U.S. authorities are allowed to grant in a given fiscal year.
The flood of applications raised anew a domestic debate over quotas for the entry of foreign workers.
Read more at Reuters.com Government Filings News
The flood of applications raised anew a domestic debate over quotas for the entry of foreign workers.
Read more at Reuters.com Government Filings News
Telecom Italia says will cooperate with Bolivia
(Reuters) - A commission of three ministers and two vice-ministers was charged with leading talks to return Entel to state control.
In a statement released on Thursday, Entel said it had been informed of the government's plans and was "available to provide all the information requested by the commission," but did not say whether it was willing to negotiate a return to state control.
Read more at Reuters.com Mergers News
In a statement released on Thursday, Entel said it had been informed of the government's plans and was "available to provide all the information requested by the commission," but did not say whether it was willing to negotiate a return to state control.
Read more at Reuters.com Mergers News
UPDATE 1 - Coal stocks, options surge on positive factors
(Reuters) - CHICAGO/NEW YORK, April 5 - Coal company shares and options volumes surged on Thursday, on a combination of bullish factors, including the prospect of higher coal prices and speculation over a round of mine consolidation.
"Coal stocks are smoking," said Frederic Ruffy, analyst at options education firm Optionetics in Redwood City, California.
Read more at Reuters.com Mergers News
"Coal stocks are smoking," said Frederic Ruffy, analyst at options education firm Optionetics in Redwood City, California.
Read more at Reuters.com Mergers News
Realogy sells $3.125 bln notes in 3 parts - source
(Reuters) - A floating-rate note tranche was dropped.
The joint lead managers were J.P. Morgan, Credit Suisse, Bear Stearns and Citigroup Global markets, the source said.
Read more at Reuters.com New Issues News
The joint lead managers were J.P. Morgan, Credit Suisse, Bear Stearns and Citigroup Global markets, the source said.
Read more at Reuters.com New Issues News
UPDATE 1-Jones Apparel mum on breakup speculation
(Reuters) - The company, which owns Jones New York, Nine West and Barneys New York, said last week that Chief Executive Peter Boneparth's contract would expire on March 31, 2009 and it would not be renewed and that CFO Efthimios Sotos resigned to pursue other opportunities.
These announcements and other recent management changes bring a measure of uncertainty about the company's direction, according to some analysts including Morgan Stanley's Brian McGough and Merrill Lynch's Virginia Genereux, who downgraded the shares following Sotos' resignation.
Read more at Reuters.com Mergers News
These announcements and other recent management changes bring a measure of uncertainty about the company's direction, according to some analysts including Morgan Stanley's Brian McGough and Merrill Lynch's Virginia Genereux, who downgraded the shares following Sotos' resignation.
Read more at Reuters.com Mergers News
Crystallex to sell 12.5 mln shares at C$4.25 each
(Reuters) - The Toronto-based company said it may also use proceeds to repay debt and for general working capital.
Crystallex stock closed at C$4.70 on the Toronto Stock Exchange on Thursday, up 9 Canadian cents.
Read more at Reuters.com New Issues News
Crystallex stock closed at C$4.70 on the Toronto Stock Exchange on Thursday, up 9 Canadian cents.
Read more at Reuters.com New Issues News
Consumer groups suggest rules for US wireless sale
(Reuters) - "We are asking them to set auction rules so it is not just the incumbents that win," said Art Brodsky, spokesman with Public Knowledge, a group that advocates for consumers on telecommunications issues.
Up for grabs is a chunk of spectrum that is so valuable that it is being touted as the last opportunity for a new player to come into the wireless market.
Read more at Reuters.com Bonds News
Up for grabs is a chunk of spectrum that is so valuable that it is being touted as the last opportunity for a new player to come into the wireless market.
Read more at Reuters.com Bonds News
UPDATE 1-Valley National says Q1 profit to beat analysts' view
(Reuters) - The bank-holding company said the sale resulted in a pre-tax gain of $32.3 million, of which $16.4 million will be recorded in the first quarter.
The gain, on an after-tax basis, will add 9 cents a share to its first-quarter earnings, the company said in a statement.
Read more at Reuters.com Market News
The gain, on an after-tax basis, will add 9 cents a share to its first-quarter earnings, the company said in a statement.
Read more at Reuters.com Market News
OPEC blames political tensions for high oil price
(Reuters) - "I think the high prices of late is due to the geopolitical situation. It has nothing to do with fundamentals which are in good shape," OPEC President Mohammed al-Hamli, also the United Arab Emirates oil minister, told reporters on the sidelines of an oil summit.
The market soared to six-month highs above $68 a barrel last week after Iran captured 15 British military personnel on March 23.
Read more at Reuters.com Business News
The market soared to six-month highs above $68 a barrel last week after Iran captured 15 British military personnel on March 23.
Read more at Reuters.com Business News
UPDATE 1-Radcom expects first-quarter loss, shares tank
(Reuters) - The provider of network test and service monitoring technology said it expects its first quarter revenue to fall one-third to $3.4 million from a year ago.
Chief Executive David Ripstein said the disappointing first-quarter reflected problems with executing sales and the "lumpiness" of Radcom's sales model, which involves large deals that individually can heavily skew quarterly results.
Read more at Reuters.com Market News
Chief Executive David Ripstein said the disappointing first-quarter reflected problems with executing sales and the "lumpiness" of Radcom's sales model, which involves large deals that individually can heavily skew quarterly results.
Read more at Reuters.com Market News
Cameroon drops SN Brussels, to revive CAMAIR tender
(Reuters) - But far from being finalised within 10 days as then announced, completion of the deal dragged, leading to speculation the government may seek an alliance with a different investor.
"The government has decided to declare the international tender to select a strategic partner to launch the activities of the new national air transport company -- Camair Co. -- fruitless," Finance and Economy Minister Polycarpe Abah Abah said in a statement on Thursday.
Read more at Reuters.com Mergers News
"The government has decided to declare the international tender to select a strategic partner to launch the activities of the new national air transport company -- Camair Co. -- fruitless," Finance and Economy Minister Polycarpe Abah Abah said in a statement on Thursday.
Read more at Reuters.com Mergers News
AT&T open to Italian partners in torn T.Italia
(Reuters) - The head of corporate development for AT&T -- which is in talks along with Mexico's America Movil about buying Telecom Italia's holding company -- told a newspaper he could only comment further when proposals arrived.
"We are absolutely ready to take into consideration the interests of Italian industrial and financial partners," Rick Moore said in an interview published in Thursday's edition of leading newspaper Corriere della Sera.
Read more at Reuters.com Mergers News
"We are absolutely ready to take into consideration the interests of Italian industrial and financial partners," Rick Moore said in an interview published in Thursday's edition of leading newspaper Corriere della Sera.
Read more at Reuters.com Mergers News
UPDATE 1-Four Seasons shareholders OK privatization plan
(Reuters) - The company said 69 percent of the holders of limited voting shares approved the plan proposed by a syndicate of investors that includes Microsoft Corp.'s Bill Gates, Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud and his family, and Four Seasons' Chairman Isadore Sharp.
The company said the transaction will be completed in the second quarter of 2007. A final court hearing on the deal is scheduled for April 13.
Read more at Reuters.com Mergers News
The company said the transaction will be completed in the second quarter of 2007. A final court hearing on the deal is scheduled for April 13.
Read more at Reuters.com Mergers News
UPDATE 2-Matrix Service shares hit all-time high on strong Q3
(Reuters) - Shares of the industrial services provider were trading at $22.99, up more than 7 percent, in morning trade after touching an all-time high of $23.69 earlier on the Nasdaq.
"The market environments remain strong with the downstream petroleum industry continuing to fuel our company's improving performance," Chief Executive Officer Michael Bradley said in a statement.
Read more at Reuters.com Market News
"The market environments remain strong with the downstream petroleum industry continuing to fuel our company's improving performance," Chief Executive Officer Michael Bradley said in a statement.
Read more at Reuters.com Market News
S.African stocks rise on Old Mutual, Telkom
(Reuters) - South African stocks nudged up on Thursday as a broker upgrade bolstered the country's top insurer Old Mutual and Telkom rose afer its chief executive quit.
The Johannesburg Top-40 index of blue-chip stocks gained 0.1 percent to 24,826.32 points. The broader All-share index rose 0.8 percent to 27,547.85 points.
Read more at Reuters Africa
The Johannesburg Top-40 index of blue-chip stocks gained 0.1 percent to 24,826.32 points. The broader All-share index rose 0.8 percent to 27,547.85 points.
Read more at Reuters Africa
Pilot union wants to reopen airline contracts
(Reuters) - The International Air Transport Association this week projected 2007 profits for U.S. airlines of $4.4 billion after factoring for restructuring expenses.
"The concessionary agreements do not have to continue into the future," said John Prater, the union's new president said at a news conference.
Read more at Reuters.com Business News
"The concessionary agreements do not have to continue into the future," said John Prater, the union's new president said at a news conference.
Read more at Reuters.com Business News
CIT says is looking at student loan stock deals
(Reuters) - CIT acquired Education Lending Group in 2005. The transactions in question occurred prior to CIT's acquisition of the company, a CIT spokesman said in an e-mailed statement.
"We are currently seeking to determine the facts surrounding those transactions," the spokesman said.
Read more at Reuters.com Bonds News
"We are currently seeking to determine the facts surrounding those transactions," the spokesman said.
Read more at Reuters.com Bonds News
Gap to offer limited-edition designer collection
(Reuters) - Gap is trying to pull itself out of a sales slump, hurt by what it has acknowledged were fashions lacking creativity and marketing that has confused, rather than inspired, shoppers.
Other retailers, like J.C. Penney Co. Inc. , Kohl's Corp. and Target , have boosted sales by partnering with designers to sell exclusive lines of merchandise in their stores.
Read more at Reuters.com Business News
Other retailers, like J.C. Penney Co. Inc. , Kohl's Corp. and Target , have boosted sales by partnering with designers to sell exclusive lines of merchandise in their stores.
Read more at Reuters.com Business News
Rand clings to gains, eyes interest rates
(Reuters) - South Africa's rand was little changed against the dollar on Thursday in quiet pre-Easter holiday trade, and traders saw the local unit becalmed until next week's interest rate call.
The rand traded at 7.1415 versus the dollar at 1436 GMT, not far off its New York close of 7.1450/dollar on Wednesday.
Read more at Reuters Africa
The rand traded at 7.1415 versus the dollar at 1436 GMT, not far off its New York close of 7.1450/dollar on Wednesday.
Read more at Reuters Africa
No recession looming in U.S. -IMF
(Reuters) - "Our message on the U.S. economy and world economy is really quite positive," he said, adding that the main weak spot in the U.S. was its cooling housing sector.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Barclays CEO, Dutch central bank chief talk about ABN
(Reuters) - By Harro ten Wolde
AMSTERDAM, April 5 - Dutch central bank governor Nout Wellink said on Thursday that he spoke several times with Barclays Chief Executive John Varley on the British bank's merger talks with Dutch bank ABN AMRO .
Read more at Reuters.com Economic News
AMSTERDAM, April 5 - Dutch central bank governor Nout Wellink said on Thursday that he spoke several times with Barclays Chief Executive John Varley on the British bank's merger talks with Dutch bank ABN AMRO .
Read more at Reuters.com Economic News
Germany's Software AG buys webMethods for $546 mln
(Reuters) - Software AG said on Thursday it would offer $9.15 per share, a 26 percent premium over webMethods' closing price on Wednesday, and that webMethods' board of directors would recommend the transaction to its shareholders.
"It's a milestone for Software AG, for which we've been preparing for the last three or four years," Software AG's Chief Executive Karl-Heinz Streibich said, adding that the acquisition would almost double Software AG's U.S. sales.
Read more at Reuters.com Business News
"It's a milestone for Software AG, for which we've been preparing for the last three or four years," Software AG's Chief Executive Karl-Heinz Streibich said, adding that the acquisition would almost double Software AG's U.S. sales.
Read more at Reuters.com Business News
Take-Two says SEC launches formal options probe
(Reuters) - Take-Two has said a review of its past options grants uncovered a significant number that were backdated during a period of more than six years to August 2003.
In February, former Take-Two Chief Executive Ryan Brant pleaded guilty to criminal charges over backdating options, becoming the first ex-CEO to do so in recent probes into options irregularities at dozens of U.S. companies.
Read more at Reuters.com Business News
In February, former Take-Two Chief Executive Ryan Brant pleaded guilty to criminal charges over backdating options, becoming the first ex-CEO to do so in recent probes into options irregularities at dozens of U.S. companies.
Read more at Reuters.com Business News
Rockwell Automation says CFO Gelly resigns
(Reuters) - The company's shares fell more than 3 percent after one securities analyst cut his rating on the stock, calling the move "troubling."
The company said Gelly planned to "pursue new challenges and opportunities." A spokesman declined to provide further details and said Gelly and Crandall would not be available for interviews.
Read more at Reuters.com Business News
The company said Gelly planned to "pursue new challenges and opportunities." A spokesman declined to provide further details and said Gelly and Crandall would not be available for interviews.
Read more at Reuters.com Business News
PNC Financial raises dividend 15 pct
(Reuters) - The higher dividend is payable on April 24 to shareholders of record as of April 13.
Profit for Pittsburgh-based PNC nearly doubled last year to $2.6 billion, or $8.73 per share, largely from a gain related to its BlackRock Inc. money management affiliate. PNC has also cut costs and repositioned its balance sheet to reduce interest-rate risk.
Read more at Reuters.com Market News
Profit for Pittsburgh-based PNC nearly doubled last year to $2.6 billion, or $8.73 per share, largely from a gain related to its BlackRock Inc. money management affiliate. PNC has also cut costs and repositioned its balance sheet to reduce interest-rate risk.
Read more at Reuters.com Market News
Wendy's 1st-quarter same-store sales rise
(Reuters) - Same-store sales, or sales at restaurants open at least 15 months, rose 3.7 percent at U.S. franchise restaurants during the first quarter quarter, which ended on April 1.
) Keywords: WENDYS SALES/
Read more at Reuters.com Market News
) Keywords: WENDYS SALES/
Read more at Reuters.com Market News
Conmed settles lawsuit with Johnson & Johnson for $11 mln
(Reuters) - In a filing with the U.S. Securities and Exchange Commission, Conmed said it will record a pre-tax gain of about $6.3 million to $6.8 million, after deducting legal and other expenses.
In 2003, Conmed sued Johnson & Johnson and several of its units alleging violations of federal and state antitrust laws.
Read more at Reuters.com Government Filings News
In 2003, Conmed sued Johnson & Johnson and several of its units alleging violations of federal and state antitrust laws.
Read more at Reuters.com Government Filings News
Fiat in no hurry for more debt-ceo
(Reuters) - TURIN, Italy, April 5 - Fiat Chief Executive Sergio Marchionne reiterated on Thursday his aim to increase profit margins at the Italian industrial group this year.
Speaking at the group's annual shareholders' meeting, Marchionne said he aimed to improve the trading profit margin at the automobile division to 2.1-2.9 percent from 1.2 percent in 2006.
Read more at Reuters.com Bonds News
Speaking at the group's annual shareholders' meeting, Marchionne said he aimed to improve the trading profit margin at the automobile division to 2.1-2.9 percent from 1.2 percent in 2006.
Read more at Reuters.com Bonds News
Dollar falls vs euro ahead of US jobs data
(Reuters) - The dollar fell to a two-year low against the euro on Thursday, ahead of a long holiday weekend and the March U.S. employment report due on Friday.
The euro rose as high as $1.3436 EUR=> after triggering automatic buy euros orders above $1.3410. It last traded at
Read more at Reuters Africa
The euro rose as high as $1.3436 EUR=> after triggering automatic buy euros orders above $1.3410. It last traded at
Read more at Reuters Africa
UPDATE 1-KB Home names Bollenbach nonexecutive chairman
(Reuters) - Bollenbach is co-chairman and chief executive of Hilton Hotels Corp. .
In order to improve corporate governance, KB Home said its board created the position of independent nonexecutive chairman in November 2006 following an internal probe into its stock options practices. Bollenbach in this capacity is not an employee of KB Home.
Read more at Reuters.com Bonds News
In order to improve corporate governance, KB Home said its board created the position of independent nonexecutive chairman in November 2006 following an internal probe into its stock options practices. Bollenbach in this capacity is not an employee of KB Home.
Read more at Reuters.com Bonds News
Rite Aid March same-store sales up 3.3 percent
(Reuters) - Total drugstore sales for the four weeks ended March 31 rose 3.8 percent to $1.36 billion.
Pharmacy same-store sales rose 3.4 percent and same-store sales of general merchandise such as food, snacks and cosmetics were up 3.1 percent.
Read more at Reuters.com Market News
Pharmacy same-store sales rose 3.4 percent and same-store sales of general merchandise such as food, snacks and cosmetics were up 3.1 percent.
Read more at Reuters.com Market News
Buyout firm Carlyle to launch hedge fund: source
(Reuters) - The source declined to comment on the timing of the hedge fund's launch, but said a newspaper report indicating next month was inaccurate.
Carlyle declined to comment.
Read more at Reuters.com Business News
Carlyle declined to comment.
Read more at Reuters.com Business News
UPDATE 1-Take-Two says it is under U.S. SEC investigation
(Reuters) - The video game publisher said in a filing with the SEC late on Wednesday that the formal order allows regulators to subpoena witnesses regarding the stock options practices of the company, its directors, officers or employees.
In January, Take-Two said a review of its past options grants uncovered a significant number that were backdated during a period of more than six years to August 2003.
Read more at Reuters.com Government Filings News
In January, Take-Two said a review of its past options grants uncovered a significant number that were backdated during a period of more than six years to August 2003.
Read more at Reuters.com Government Filings News
Haverty Furniture March same-store sales fall
(Reuters) - The retailer said sales for the month ended March 31 fell 11.6 percent to $66.1 million, compared with $74.7 million in the year-ago period, indicative of the persistent weakness in the retail furniture sector.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-RPM International posts quarterly profit vs. loss
(Reuters) - The Medina, Ohio-based company posted fiscal third-quarter earnings of $10.1 million, or 8 cents a share, compared with a loss of $2.7 million, or 2 cents a share, a year earlier.
Sales in the quarter rose 10.9 percent to $679.5 million.
Read more at Reuters.com Market News
Sales in the quarter rose 10.9 percent to $679.5 million.
Read more at Reuters.com Market News
Darden Restaurants sales mixed in March
(Reuters) - Sales at Darden's Red Lobster chain fell as higher menu prices failed to offset a 5 percent drop in guest traffic. The start of Lent in fiscal March this year, compared to fiscal February last year, and the resulting shift in the start of Lobsterfest, also contributed to lower sales at Red Lobster, the company said.
In March, the restaurant operator said it expects same-store sales to rise between 2 percent and 3 percent for Red Lobster and Oliver Garden in 2007.
Read more at Reuters.com Business News
In March, the restaurant operator said it expects same-store sales to rise between 2 percent and 3 percent for Red Lobster and Oliver Garden in 2007.
Read more at Reuters.com Business News
TREASURIES-Prices little changed, payrolls awaited
(Reuters) - "You are not going to get much of a move ahead of the payrolls report. Investors are just cutting their positions ahead of that data," said Richard McGuire, a fixed-income strategist at RBC Capital Markets in London.
"I suspect the market is looking for a number that is below the consensus forecast."
Read more at Reuters.com Bonds News
"I suspect the market is looking for a number that is below the consensus forecast."
Read more at Reuters.com Bonds News
Peru smelter workers call off strike
(Reuters) - "We've decided to lift the strike, to go back to work," said union leader Anibal Carhuapoma by telephone.
The smelter complex in an Andean region 175 kilometers east of Lima produces concentrates of lead, zinc, copper, gold and silver.
Read more at Reuters.com Bonds News
The smelter complex in an Andean region 175 kilometers east of Lima produces concentrates of lead, zinc, copper, gold and silver.
Read more at Reuters.com Bonds News
Total CEO says "super profits" needed for investments
(Reuters) - He said the costlier challenges for Total were linked to technology costs to increase exploration and production.
"We really have to fight today on huge technology challenges to be able to bring new capacities on stream," he said.
Read more at Reuters.com Market News
"We really have to fight today on huge technology challenges to be able to bring new capacities on stream," he said.
Read more at Reuters.com Market News
AT&T open to Italian partners in torn Telecom
(Reuters) - The head of corporate development for AT&T -- which is in talks along with Mexico's America Movil about buying Telecom's holding company -- told a newspaper he could only comment further when proposals arrived.
"We are absolutely ready to take into consideration the interests of Italian industrial and financial partners," Rick Moore said in an interview published in Thursday's edition of leading newspaper Corriere della Sera.
Read more at Reuters.com Business News
"We are absolutely ready to take into consideration the interests of Italian industrial and financial partners," Rick Moore said in an interview published in Thursday's edition of leading newspaper Corriere della Sera.
Read more at Reuters.com Business News
China cbank: U.S. protectionism hurts all sides
(Reuters) - "If the U.S. takes protectionist measures against China's trade, that will not only undermine the Chinese interests, but it will also harm the interests of the U.S. and the rest of the world," she said.
"Trade protectionism is good for no country and it is not good for the development of the world," Wu said, when asked about China's response to the United States' decision last week to slap anti-subsidy duties on some Chinese imports.
Read more at Reuters.com Bonds News
"Trade protectionism is good for no country and it is not good for the development of the world," Wu said, when asked about China's response to the United States' decision last week to slap anti-subsidy duties on some Chinese imports.
Read more at Reuters.com Bonds News
Meiji Yasuda mainly neutral on foreign debt in 07/08
(Reuters) - TOKYO, April 5 - Meiji Yasuda Life Insurance Co. plans to stay mainly neutral on foreign bonds in 2007/2008 as a weak yen has made them an expensive buy, a deputy president at Japan's No. 3 insurer told reporters on Thursday.
The insurer plans to reinvest around 70 billion yen in maturing unhedged foreign bonds in 2007/2008 and may increase its net holdings if the yen strengthens beyond 115 yen to the dollar, said Yasuharu Takamatsu, a deputy president.
Read more at Reuters.com Bonds News
The insurer plans to reinvest around 70 billion yen in maturing unhedged foreign bonds in 2007/2008 and may increase its net holdings if the yen strengthens beyond 115 yen to the dollar, said Yasuharu Takamatsu, a deputy president.
Read more at Reuters.com Bonds News
Subscribe to:
Posts (Atom)