Recent Posts

Zheshang Bank to delay testing $1bn IPO interest

Bloomberg China Zheshang Bank Co. postponed gauging demand for a $1 billion Hong Kong initial public offering, after stock buyers reported difficulty transferring money out of mainland China, people familiar with the matter said. Potential cornerstone investors from China told deal arrangers they couldn’t get timely regulatory approval to send money across the border, according to the people, who asked ...

Read More »

ECB window for stimulus message closing as prices skid

BLOOMBERG For the next three days,European Central Bank (ECB) officials will walk a communications tightrope. With the latest inflation figures showing the return of price declines, the window of opportunity is closing for the ECB to signal any stimulus intentions for its March 10 decision before a self-imposed quiet period starts on Thursday. Executive Board member Benoit Coeure, the architect ...

Read More »

Currency whipsaws squeezing traders, says veteran

SYDNEY / Bloomberg The $5.3-trillion currency market is getting harder for traders to make money in as price changes that once took months or weeks now happen more quickly, says Hugh Killen, Westpac Banking Corp.’s head of trading for foreign exchange, fixed income and commodities. Liquidity is drying up because investors and banks are shying away from taking risk, and ...

Read More »
Send this to a friend