(Adds Cayman Island funds, details on Hong Kong property market and HNA background in paras 3, 6, 7, 8, 9)HONG KONG, Feb 13 (Reuters) - A unit of China's HNA Group , the cash-starved aviation-to-financial services conglomerate, said on Tuesday it was selling two Hong Kong sites to Henderson Land Development Co Ltd for HK$16 billion ($2 billion).Completion of the deal for the land at Kai Tak, near...Read More
By Swati PandeySYDNEY, Feb 13 (Reuters) - The Australian and New Zealand dollars paused on Tuesday after climbing for two straight sessions amid a rebound in broader risk sentiment which saw global equities rally strongly.The Australian dollar held at $0.7851, well above the more than one-month trough of $0.7759 made last week. The New Zealand dollar was last at $0.7250, again clear of the recent...Read More
MELBOURNE, Feb 13 (Reuters) - S&P on Wednesday raised its long-term issuer credit rating on global miner Rio Tintoto 'A' from 'A-' on the back of the miner's strong financial results and said the rating outlook is stable."The upgrade reflects Rio Tinto's journey of strengthening its balance sheet and living by its financial policy for the past two years," S&P said. (Reporting by...Read More
Feb 13 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS13-FebItaly Medium-long term auction13-FebSpain Auction of 6- and 12-month Treasury bills14-FebGermany Auction of 30-year Federal bonds14-FebJapan Auction of 5-year government bonds15-FebJapan 3-month discount bill auction15-FebSpain Bond...Read More
(Adds details about stock market performance)By Laila KearneyNEW YORK, Feb 12 (Reuters) - California Public Employees' Retirement System (CalPERS), the largest U.S. public pension fund, lost 4.6 percent in value during the stock market's recent tumble, and investment risks are expected to persist, officials said on Monday.The drop in stocks from an all-time high on Jan. 26 to Friday followed a bo...Read More
Feb 13 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. Indicates new events ----------------------------------------------------------- WEDNESDAY, FEBRUARY 14JAKARTA - Indonesia Central Bank...Read More
Feb 13 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, FEBRUARY 13 ** NEW YORK CITY - Top Wall Street executives will be speaking at the Cre...Read More
TOKYO, Feb 13 (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday the next governor of the Bank of Japan would need English skills to deal with global financial issues.Aso, speaking to reporters, said the governor would also need communication skills to explain Japan's monetary policy in parliament and have stamina to travel overseas.Media reports over the weekend, confirmed by a source...Read More
SHANGHAI, Feb 13 (Reuters) - China's banks are under pressure to keep the scale of new yuan lending constant this week as regulators try to curb loan growth ahead of the Lunar New Year holiday, financial magazine Caixin reported late on Monday, citing banking sources. New loans in China reached a record 2.9 trillion yuan($458.5 billion) in January, nearly five times higher than the previous month,...Read More
The Prospectors & DevelopersAssociation of Canada (PDAC) is best known for its annual convention,bringing together prospectors, developers, geoscientists, consultants, andmining executives, among others. Considered the mammoth of all miningconferences, this annual event attracts more than 24,000 attendees from morethan 130 countries.The four-day annual convention held yearly inToronto, has gro...Read More
MACAU, Feb 13 (Reuters) - MGM Resorts opens its $3.4 billion casino resort in the Chinese-controlled territory of Macau on Tuesday, just days ahead of the Lunar New Year holiday, hoping to ride a boom in business in the world's biggest gaming hub.MGM Cotai, which will more than triple the number of MGM's hotel rooms in the former Portuguese colony to 1,972, marks a major expansion into hospitality...Read More
By Laila KearneyNEW YORK, Feb 12 (Reuters) - California Public Employees' Retirement System (CalPERS), the largest U.S. public pension fund, lost 4.6 percent in value during the stock market's recent two-week tumble, and investment risks are expected to persist, officials said on Monday.The drop in stocks from an all-time high on Jan. 26 to last Friday followed a booming year for the market and fo...Read More
Feb 13 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,820.700-17.300 NZX 50**8,059.06 DJIA**24,601.27410.37NIKKEI**21,382.62-508.24Nasdaq**6,874.964107.473 FTSE**7,177.06 84.63S&P 500** 2,656.00 36.45 Hang Seng** 29,459.63-47.49SPI 200 Fut 5,77433.00 STI** 3,384.98 7.74SSEC**3,153.5612 23.71040KOSPI** 2,385.38 21.61----------------------------------------------------...Read More
Gold stages an impressive recovery today and, as of 3:30 PM Eastern standard time, is trading up $10.20 (April futures) at $1325.90. This upside spike is truly a combination of both a weaker U.S. dollar along with buyers bidding up the precious yellow metal.According to the Kitco Gold Index, spot gold is currently fixed at $1323.30, which is a net gain of $7.60 on the day. On closer inspection, it...Read More
(Adds quotes, details, context)SYDNEY, Feb 13 (Reuters) - Australia's central bank on Tuesday cautioned that any pick up in wage growth was likely to be slow and protracted, weighing on household incomes and spending power amid high levels of debt.Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis said policy makers were a little more confident that wages and inflation would eventually...Read More
Jason LangeWASHINGTON (Reuters) - U.S. President Donald Trump with his budget proposal raises his bet that he will boost the economy before high inflation and interest rates get in the way.Congress has already given him tax cuts and increased deficit spending that is expected to stimulate the economy.But here’s the risk: Trump’s stimulus could boost hiring without triggering the kinds...Read More
Ginger Gibson, James OliphantWASHINGTON (Reuters) - President Donald Trump proposed a budget on Monday that calls for cuts in domestic programs and seeks a sharp increase in military spending and funding for a wall on the Mexican border.Presidential budgets are rarely enacted by the U.S. Congress, which controls federal purse strings, but they allow the White House to lay out its priorities for th...Read More
SYDNEY, Feb 13 (Reuters) - Australia's central bank on Tuesday cautioned that any pick up in wage growth was likely to be slow and protracted, weighing on household incomes and spending power amid high levels of debt.Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis said policy makers were a little more confident that wages and inflation would eventually turn higher.However, Australia...Read More
(New throughout, updates prices and market activity)MEXICO CITY, Feb 12 (Reuters) - Latin American currencies firmed on Monday as markets stabilized following last week's extreme volatility and steep losses.Appetite for risk-taking crept back into currency markets, helping higher-yielding emerging market currencies including the Colombian peso, which was up close to 2 percent after shedding more t...Read More
(Adds details on stocks, updates prices)By Nichola SaminatherTORONTO, Feb 12 (Reuters) - Canada's main stock index recovered on Monday to post its biggest one-day gain since July 2016, with all 10 sectors in positive territory, taking their cue from a rebound in global stocks, oil and metals following a brutal week. * The Toronto Stock Exchange's S&P/TSX composite index closed up 206.87 points...Read More