Japans Top Insurers Weigh Buying U.S. Bonds Again

TOKYO, April 2 Reuters Japanese life insurers are considering buying foreign bonds again after a record selling spree, as U.S. Treasuries yields have bounced back close to their comfort levels. Executives at Japans top four insurers, which manage more than 1.6 trillion in assets, told Reuters U.S. bonds are becoming attractive at yields near 2. […]
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Warburg Pincus Applies to Set up China Brokerage Venture

SHANGHAI, April 2 Reuters U.S. private equity giant Warburg Pincus has applied to set up a securities joint venture in China, regulatory filings showed on Friday. Warburg Pincus submitted an application for a brokerage joint venture on Friday, the China Securities Regulatory Commission CSRC said on its website. No information was given on an intended […]
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USD Down, Commodity Currencies up in Riskon Environment

Rates as of 0500 GMT Market Recap Proof that good news for the US economy is not necessarily good news for the dollar the closely watched US Institute of Supply Management ISM manufacturing purchasing managers index PMI blew out estimates, rising to 64.7 from an alreadyhigh 60.8. This was the highest since 69.9 in December […]
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SSE Tightens Scrutiny over Corporate Bond Issuance

The Shanghai Stock Exchange SSE said on Friday it is tightening scrutiny over corporate bond issuance, and has punished a brokerage for lax duediligence in bond underwriting. The move comes after Chinese exchanges strengthened inspections on initial public offerings IPOs, as regulators seek to limit financial risks while promoting growth of Chinas capital markets. China […]
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Sterling Steadies after Strongest Q1 Versus Euro Since 2015

LONDON, April 1 Reuters The pound was little changed against the dollar on Thursday and a touch lower versus the euro, but traders remained optimistic about its longerterm prospects, boosted by expectations for a vaccineled economic recovery in the UK. Sterling had its strongest quarter against the euro since 2015 in the first three months […]
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