Asian markets were mixed in cautious trade on Wednesday as dealers awaited key policy meetings at the central banks of the United States and Japan this week.
Japanese stock futures rose, signaling the Nikkei 225 Stock Average will rebound from the worst slide since November, amid speculation earnings will hold up and after billionaire investor Warren Buffett said American lenders are in “fine shape.”
Three megabanks —Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp. — are strengthening their operations in emerging economies. Behind the move is rapidly growing loans to overseas clients due to an increase in the number of large projects associated with infrastructure facility exports promoted by the Japanese government.
By Satur C. Ocampo At Ground Level | The Philippine Star As the 45th Asian Development Bank governors’ annual meeting closes today at the PICC, it’s apt to look back and see how the regional bank, established in 1966 with permanent headquarters in the Philippines, has fulfilled — or failed to fulfill — its primary [...]
Last week saw the release of important Asian data that should be taken in consideration, especially amid the global tension over Europe’s sovereign debt crisis that hindered many economies. ...
Yanzhou Coal Mining Co.'s (600188.SH) new US$1 billion dollar bond is slightly weaker in initial trading after pricing at the wide end of guidance, amid subdued market conditions.