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Global investors fleeing China have one simple message for the country's leadership: put prudence aside for a short while, and start spending big.... -Today at 04:15 am- MarketScreener
It's summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. The so-called BRICS grouping gathers too...
China's promise of a "comprehensive" package to address local debt issues has triggered a rush into bonds issued by local government financing vehicles (LGFV) as investors sense an implicit state guarantee for these provincial firms. Yields on LGFV bonds, which account for half of China's corporate bond market, have dropped to their lowest levels this year, even as a debt crisis in the property sector that most of them are exposed to deepens. Data from Chinabond, a platform that's part of the China Central Depository and Clearing, shows spreads on one-year AA- rated ...
It's summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. The so-called BRICS grouping gathers too amid increasing disquiet in some big emerging markets, while business activity data globally and China property woes mean August is proving far from dull. Here's a look at the week ahead in markets from Ira Iosebashvili in New York, Li Gu in Shanghai, Yoruk Bahceli in Amsterdam, Jorgelina do Rosario and Marc Jones in London and Rachel Savage in Johannesburg.
It's summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. The so-called BRICS grouping gathers too...