Tuesday, 11 Aug 2020

Economy

JGB yields fall, curve flattens as recovery hopes lose steam

TOKYO, Aug 5 (Reuters) – Japanese government bond yields fell on Wednesday and the yield curve flattened, as hopes for a swift economic recovery from the coronavirus outbreak started to fade. The move followed a similar decline in U.S. Treasury yields. The five-year Treasury yield hit a record low on Tuesday and the benchmark 10-year […]

EMERGING MARKETS-Bets for Thai rate hold aid baht as weak dollar dominates

* Graphic: World FX rates tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks tmsnrt.rs/3f2vwbA * Bank of Thailand policy decision expected at 0700 GMT * Philippines inflation ticks higher in July * Indonesia Q2 GDP shrinks more than expected By Rashmi Ashok Aug 5 (Reuters) – Thailand’s baht rose to a one-month high on Wednesday […]

CEE MARKETS-FX up, mirrors euro gains; zloty shrugs off COVID-19 spike

By Radu-Sorin Marinas BUCHAREST, Aug 4 (Reuters) – The Polish zloty and the Czech crown led Central European currency gains on Tuesday, mirroring the euro’s firming against the dollar, while shrugging off a spike in new coronavirus infections in the region’s biggest economy. The euro, which strengthened 5% at the dollar’s expense last month, inched […]

UPDATE 1-Chipmaker AT&S sees profitability growth on strong demand from smartphone makers

(Adds detail, outlook) VIENNA, Aug 4 (Reuters) – Austrian chipmaker AT&S on Tuesday reported a 13.2% increase in its first-quarter core profit and forecast its profitability would increase in the second quarter thanks to strong demand from smartphone makers and industrial customers. “Despite the downward revisions of economic forecasts, the global megatrends in the electronics […]

UPDATE 3-Ecuador wins 'unprecedented' investor support for $17.4 bln debt restructuring

(Updates with details on investor backing, finance minister quote) By Alexandra Valencia and Brian Ellsworth Aug 3 (Reuters) – Ecuador said on Monday it had won overwhelming investor support for a $17.4 billion foreign debt restructuring, hailing it as an economic turning point following years of economic stagnation and one of the region’s worst coronavirus […]

Bytedance says it is looking at relocating TikTok HQ

LONDON, Aug 3 (Reuters) – TikTok’s headquarters may be established outside the United States, its Chinese parent company ByteDance said on Monday following a report that the video-sharing platform may move its operations to London. “ByteDance is committed to being a global company. In light of the current situation, ByteDance has been evaluating the possibility […]

S.Korean stocks end flat as stalled U.S. stimulus offsets data optimism

* Foreigners net equity sellers * KRW weakens against USD * S.Korea benchmark bond yield rises * For the midday report, please click SEOUL, Aug 3 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares closed almost flat on Monday as dented hopes over a new U.S. stimulus plan and a global […]

UPDATE 1-TUI boosts finances with $226 mln sale and leaseback on 737 MAX jets

(Adds detail, background) LONDON, Aug 3 (Reuters) – Germany-based holiday company TUI said it agreed a sale and leaseback deal for five new Boeing 737 MAX-8 aircraft with BOC Aviation, raising $226 million to help boost its finances. COVID-19 has wiped out air travel for Europeans for months, and now the threat of a resurgence […]

JGBs fall as risk appetite returns, 10-year sale in focus

TOKYO, Aug 3 (Reuters) – Japanese government bond prices fell on Monday due to a return of risk appetite and the yen’s pullback, curbing demand for safe-haven debt. Benchmark 10-year JGB futures lost 0.20 point to 152.17, a level unseen since July 15, with a trading volume of 15,181 lots. In the cash bond market, […]

S.Korea stocks fall as stalled U.S. stimulus weighs on PMI, trade data optimism

* KOSPI edges down, foreigners net sellers * KRW weakens against USD * South Korea benchmark bond yield rises SEOUL, Aug 3 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares inched down on Monday, as dented hopes over the U.S. stimulus plan and a global surge in coronavirus infections offset optimism […]