Things shaping world: Financial markets, business and technology.
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China’s Runaway Train Is Running Out of Track

China’s Runaway Train Is Running Out of Track | Things shaping world: Financial markets, business and technology. | Scoop.it
A financial drama is unfolding in China as the new year begins.
Virendra's insight:

PBOC can reason that inflation is at mangable level, which gives plenty of room to loosen monetary policy to address sudden cash crunches but it will not solve the broblem of bad debts.

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13 European Banks Fall Short in E.C.B. Stress Test

13 European Banks Fall Short in E.C.B. Stress Test | Things shaping world: Financial markets, business and technology. | Scoop.it
The European Central Bank said 13 banks still had not raised the capital they would need to survive a financial crisis, after an audit initially found 25 banks facing a shortfall.
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A European Lost Decade?

A European Lost Decade? | Things shaping world: Financial markets, business and technology. | Scoop.it
Europe's current economic predicament sounds a lot like Japan’s in the 1990s, which culminated in a “lost decade” of stagnant growth and deflation from which the country is still working to recover. How can Europe avoid a similar fate?
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India Reins in Government Borrowing

India Reins in Government Borrowing | Things shaping world: Financial markets, business and technology. | Scoop.it
Liquidity conditions and the demand for bonds stand to benefit from the scaling back of government borrowing in India.
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Kotak Investment, Ambit Capital & Edelweiss look to raise $500 million each for structured debt fund - The Economic Times

Kotak Investment, Ambit Capital & Edelweiss look to raise $500 million each for structured debt fund - The Economic Times | Things shaping world: Financial markets, business and technology. | Scoop.it
In the heydays between 2005 and 2007, a lot of Indian companies took debt to expand their capacities and acquire assets and grow inorganically.
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Credit Suisse pleads guilty in criminal tax case.

Credit Suisse pleads guilty in criminal tax case. | Things shaping world: Financial markets, business and technology. | Scoop.it
Credit Suisse Group AG pleaded guilty to a single charge of conspiring to aid tax evasion as part of a settlement with the Justice Department.
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Japanese Dump Most Euro Bonds on Record Amid Ukraine Tension

Japanese investors sold a record amount of euro-denominated long and medium-term bonds in March, Ministry of Finance data showed today.
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South-South: China invests in Latin America

Faced with tougher domestic competition and slow growth in the developed world, Chinese firms are exploring new markets, acquiring advanced technology and securing much-needed raw materials
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Asia is most vulnerable to Mideast oil supply disruption: Report - The Economic Times

Asia is most vulnerable to Mideast oil supply disruption: Report - The Economic Times | Things shaping world: Financial markets, business and technology. | Scoop.it
Asia countries import nearly 30 per cent of their consumption needs, mostly from refineries in South Korea, Singapore and India, which are in turn dependent on the Middle East.
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Russia Fails to Sell 9-Year Bonds as Ukraine Tension Escalates

Russia failed to sell local- currency bonds due August 2023 at today’s auction as an accord to reduce tension around Ukraine faltered.
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Missing inflation could make Asian bonds frothier | Considered View | Breakingviews

Missing inflation could make Asian bonds frothier | Considered View | Breakingviews | Things shaping world: Financial markets, business and technology. | Scoop.it
Prices of goods in the region are rising more slowly than expected. Inflation drives bond yields up; a lack of it could send them downward, even though the U.S. Fed is threatening to edge up rates around the world. Asian debt is already pricey – it may get yet more expensive.
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Greece planning to issue its first long-term bond since bailout on Wednesday, say sources

Greece planning to issue its first long-term bond since bailout on Wednesday, say sources | Things shaping world: Financial markets, business and technology. | Scoop.it
Greece is planning to issue its first long-term bond since its international bailout on Wednesday, according to two people familiar with the matter.
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Second Chinese Bond Company Defaults, First High Yield Bond Issuer | Zero Hedge

Second Chinese Bond Company Defaults, First High Yield Bond Issuer | Zero Hedge | Things shaping world: Financial markets, business and technology. | Scoop.it
In the middle of 2012, to much yield chasing fanfare, China launched a private-placement market for high-yield bonds focusing on China's small and medium companies, that in a liquidity glutted world promptly found a bevy of willing buyers, mostly using other people's money. Less than two years later, the first of many pipers has come demanding payment, when overnight Xuzhou Zhongsen Tonghao New Board Co., a privately held Chinese building materials company, failed to pay interest on high-yield bonds, according to the 21st Century Business Herald.
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Capital punishment

Capital punishment | Things shaping world: Financial markets, business and technology. | Scoop.it
GIVEN how many things went wrong at banks during the financial crisis, it is not surprising that regulators have come up with several new rules to set them to...
Virendra's insight:

"The latest measure ensures that if a bank’s shareholders are wiped out there will in future be an additional tier of investors standing between failure and a taxpayer-funded bail-out. “Total loss-absorbing capacity”, in the regulatory argot, will soon include not just the money invested by shareholders, but also that lent by bondholders, most of whom avoided any losses during the crisis thanks to government bail-outs."

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GMR plans to raise Rs1,000 crore from KKR

GMR plans to raise Rs1,000 crore from KKR | Things shaping world: Financial markets, business and technology. | Scoop.it
The money will be used by GMR to retire existing debt and for general corporate purposes, say people close to the development
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India Activity Picks Up

India Activity Picks Up | Things shaping world: Financial markets, business and technology. | Scoop.it
The uptick in India’s industrial production and business sentiment could give the country’s GDP growth a much needed boost.
Virendra's insight:

"Electricity generation was also up an impressive 11.4%. However, there are concerns that this sector and broader power generation might slow after the Supreme Court ruled earlier this week that coal mines allocated between 1999 and 2010 were illegal. Implications for the sector will be clearer once the final ruling is issued in early September. 

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Ratan Tata Buys Stake in Indian Online Retailer Snapdeal

Ratan Tata Buys Stake in Indian Online Retailer Snapdeal | Things shaping world: Financial markets, business and technology. | Scoop.it
With Internet access expanding in India, the online shopping industry has finally captured the attention of investors, both at home and abroad.
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PBOC Cuts Corporate Yield Spread Most Since Crisis: China Credit

PBOC Cuts Corporate Yield Spread Most Since Crisis: China Credit | Things shaping world: Financial markets, business and technology. | Scoop.it
China’s corporate borrowing costs are falling the most since the global financial crisis as the central bank eases monetary policy to revive bond issuance and spur a flagging economy.
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AstraZeneca rejected U.S.'s peer Pfizer's increased offer, saying it below U.K. company's value

AstraZeneca rejected U.S.'s peer Pfizer's increased offer, saying it below U.K. company's value | Things shaping world: Financial markets, business and technology. | Scoop.it
AstraZeneca rejected U.S.'s peer Pfizer's increased offer, saying it falls short of the U.K. company's value and brings "uncertainty" and risks for shareholders.
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Payback time

Payback time | Things shaping world: Financial markets, business and technology. | Scoop.it
Which MBA offers the best return on investment? That depends on whether you are after a long- or short-term gain. Our chart shows the cost of an MBA at selected...
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South-South: China invests in Latin America

Faced with tougher domestic competition and slow growth in the developed world, Chinese firms are exploring new markets, acquiring advanced technology and securing much-needed raw materials
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Pfizer set to make higher bid for AstraZeneca

Pfizer set to make higher bid for AstraZeneca | Things shaping world: Financial markets, business and technology. | Scoop.it
US group reportedly ready to offer more than £63bn, while industry figures insist any deal would be damaging
Virendra's insight:

The Investment bankers are going to make $1 billion ....o.O!

 

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China Rate Swaps Drop Most Since June as Some Reserve Ratios Cut

China’s interest-rate swaps fell by the most since June after the government said it will lower reserve-requirement ratios at some rural banks.
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What's behind China's latest stimulus

What's behind China's latest stimulus | Things shaping world: Financial markets, business and technology. | Scoop.it
China's latest economic stimulus can be seen as more of a statement of priorities than a powerful effort to jump-start growth. The message: growth trumps concerns about a credit bubble.
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J.P. Morgan Commodity Chief Blythe Masters Leaving Bank

J.P. Morgan Commodity Chief Blythe Masters Leaving Bank | Things shaping world: Financial markets, business and technology. | Scoop.it
Blythe Masters, J.P. Morgan Chase & Co.'s high-profile commodities chief, is resigning following the announced sale of the bank's physical-commodity unit, according to an internal memo obtained by The Wall Street Journal.
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