Foreign demand for long-term US securities falls in July; China boosts its holdingsSeptember 16th, 2009 Foreign demand for long-term US securities fallsWASHINGTON — Foreign demand for long-term U.S. financial assets fell in July, but China boosted its holdings, the Treasury Department said Wednesday.
Beijing to sell first yuan-denominated government bonds in Hong Kong, spreading currency's useSeptember 8th, 2009 Beijing to sell first yuan bonds in Hong KongBEIJING — Beijing will sell some $876 million of government bonds denominated in the mainland's yuan for the first time in Hong Kong this month, the Finance Ministry said Tuesday, in a move to expand the international use of its tightly controlled currency. The 6 billion yuan ($876 million) bond sale is slated for Sept.
Eldorado Gold agrees to pay $1.8B in shares for rest of Sino Gold which has big China presenceAugust 26th, 2009 Canada's Eldorado agrees to buy rest of Sino GoldVANCOUVER, British Columbia — Canada's Eldorado Gold Corp. said Wednesday it has agreed to swap about $1.8 billion in stock for all remaining shares of Australia's Sino Gold Mining Ltd., one of the largest gold mining groups in China.
Foreign demand for US financial assets rebounds in June, but China trims its holdingsAugust 17th, 2009 Foreign demand for long-term US securities risesWASHINGTON — Foreign demand for long-term U.S. financial assets rebounded in June even though China and Russia trimmed their holdings.
IMF to issue first-ever bondsJuly 2nd, 2009 WASHINGTON - The International Monetary Fund (IMF) said Wednesday it will issue bonds for the first time in its 60-year history in an effort to win contributions from emerging economies like China, Brazil and Russia. The new money-making scheme comes as the IMF has dramatically boosted its role as an emergency lender during the global financial crisis, which has tipped the world into its first recession since World War II.
Kremlin adviser: Russia may put part of its currency reserves in bonds of China, Brazil, IndiaJune 16th, 2009 Russia may put some reserves in BRIC bondsYEKATERINBURG, Russia — The Kremlin's top economic adviser says Russia may put part of its currency reserves in bonds issued by Brazil, China and India. Arkady Dvorkovich says Russia could make the move if the other three nations reciprocate.
Russia's Central Bank says it will sell US treasuries and eyes IMF bondsJune 10th, 2009 Russia to sell US Treasuries, eyes IMF bondsMOSCOW — Russia's Central Bank says it plans to cut reserves it holds in U.S. Treasuries and invest in International Monetary Fund bonds instead, a senior official said Wednesday.
Russia ready to buy IMF bonds worth $10 bn: PutinJune 1st, 2009 MOSCOW - Russia is ready to buy $10 billion worth of bonds from the International Monetary Fund (IMF), Prime Minister Vladimir Putin said. Putin said the money would be used to help countries in the Commonwealth of Independent States (CIS).
Geithner, on trip to Beijing, says US wants to develop closing working relationship with ChinaMay 31st, 2009 Geithner says US wants closer ties with ChinaBEIJING — U.S. Treasury Secretary Timothy Geithner says he wants to develop the same kind of close working relationship with China that the U.S.
China Telecom 1Q profit down 27.4 percent as demand for fixed-line service dropsApril 20th, 2009 China Telecom 1Q profit down 27.4 percentBEIJING — China Telecom Ltd. said Monday its first quarter profit plunged 27.4 percent as demand for traditional fixed-line telephone services weakened.
China backs possible IMF bond issueMarch 24th, 2009 BEIJING - Chinese officials Monday said they were willing to back any issue of bonds by the International Monetary Fund (IMF) and urged the 'G20' group of major economies to give a greater say to developing nations. 'China supports the IMF's innovative financing attempts, and a more efficient and timely financing mode can effectively ease the IMF's cash shortage,' Hu Xiaolin, vice governor of China's central bank, told reporters.
China's fiscal deficit manageable: PremierMarch 13th, 2009 BEIJING - China's fiscal deficit is manageable, Premier Wen Jiabao said here Friday. While meeting the press after the annual parliament session, Wen said that his judgement was based on the Chinese government's continuous efforts to cut its deficit in the past few years.
China ups spending, deficit at six-decade highMarch 6th, 2009 BEIJING - China Thursday announced a fiscal deficit budget of 950 billion yuan ($139 billion) for 2009, the highest in six decades, as the country boosts spending to cushion the impact of the global financial crisis. The total deficit accounts for less than 3 percent of China's gross domestic product (GDP), said Prime Minister Wen Jiabao at the opening of parliament's annual session.
China should buy more US treasury bonds: ClintonFebruary 23rd, 2009 BEIJING - US Secretary of State Hillary Rodham Clinton called on China Sunday to invest more in US treasury bonds, to aid both economies during the global financial crisis. In an interview with the Shanghai Dragon TV channel, Clinton said, 'It would not be in China's interest if we were unable to get our economy moving again.'
'We are truly going to rise or fall together.
Neyveli Lignite to raise Rs.18.5 bnJanuary 1st, 2009 CHENNAI - The Rs.36.38-billion ($744 million) mining-cum-power company Neyveli Lignite Corp (NLC) will raise Rs.18.5 billion to fund its expansion projects. The company's board has sanctioned raising Rs.5 billion through private placement of secured non-convertible taxable bonds with an option to retain over-subscription up to Rs.1 billion and Rs.12.5 billion through a mix of rupee term loans, external commercial borrowing (ECB), and issue of bonds in one or more tranches.
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