JGBs trade mixed on disparate economic data; long-term yields climb as BoJ lowers debt buying

Sep 30, 2016 07:24 am UTC| Commentary

The Japanese government bonds traded mixed Friday as investors were digesting a disparate bag of economic data. Also, long-term debt slumped after the Bank of Japan said that it will lower its buying of JGBs with 5 to 10...

Deutsche bank loses hedge fund businesses

Sep 30, 2016 07:15 am UTC| Commentary

Global hedge funds have started pulling money out of trouble Deutsche bank after reports have started coming out that the bank might fail in its obligations if the US regulator imposes a $14 billion fine over mishandling...

Russian economy likely to contract this year, expand next

Sep 30, 2016 07:09 am UTC| Commentary

The affirmed preliminary data of Russias second quarter GDP growth showed that the economy contracted 0.6 percent year-on-year, as compared with a 1.2 percent contraction in the first quarter. According to the details...

South Korea retail sales jump in August following approach of festive season

Sep 30, 2016 07:01 am UTC| Commentary Economy

Retail sales in South Korea jumped during the month of August, following approach of thefestive season, especially early purchases of gifts ahead of the Chuseok harvest holiday. South Koreas retail sales grew 9.1...

Australia’s private sector credit growth remains at weaker pace in August

Sep 30, 2016 06:46 am UTC| Commentary

Australias private sector credit growth continued to remain at a subdued pace in August. It rose just 0.4 percent sequentially. On a year-on-year basis, growth dropped 5.8 percent in the month, the weakest in nearly two...

Oil in Global Economy Series

Oil in Global Economy Series: Worries remain despite an ambitious deal

Sep 30, 2016 06:35 am UTC| Commentary

First and foremost, we will have to hand some credit to the OPEC members, who could set aside their differences and agree to some kind of an arrangement to pop up the oil price. OPEC producers agreed that that would put a...

S. Korean bonds close higher amid German bank woes, industrial production records biggest fall in 19 months

Sep 30, 2016 06:34 am UTC| Commentary

The South Korean government bonds gained Friday as concern about the financial health of Germanys biggest lender sapped demand for higher-yielding assets. Also, investors poured into safe-haven assets after South Koreas...