MASSIVE IMPACT: Historic Port Strikes BEGIN, 50% of Imports Halt as Shipping Routes are Paralyzed

[LaoTze]

MASSIVE IMPACT: Historic Port Strikes BEGIN, 50% of Imports Halt as Shipping Routes are Paralyzed

 

[LaoTze]

Millions of Americans Are About to Lose Their Jobs – Here’s the Shocking Proof!

 

[bobby]

Our NTUC got show suppork ????

 

[syed putra]

Millions of Americans Are About to Lose Their Jobs – Here’s the Shocking Proof!

Wait a minute. You mean the unions want Democrats tO Lose?

 

[k1976]

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Japan’s $4 Trillion ‘Carry Trade’ Begins to Slowly Unwind​

• Gap between rates in Japan and other countries is narrowing
• Japan investors are favoring domestic bonds over foreign debt

In the first eight months of the year, Japanese investors snapped up a net ¥28 trillion ($192 billion) of the nation’s government bonds.
Photographer: Shiho Fukada/Bloomberg
By Ruth Carson, Masaki Kondo, and Winnie Hsu
October 2, 2024 at 6:00 AM GMT+8
Updated on
October 2, 2024 at 3:54 PM GMT+8
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Japan’s investors are starting to lose their decades-long infatuation with overseas assets.

In the first eight months of the year, Japanese investors snapped up a net ¥28 trillion ($192 billion) of the nation’s government bonds, the largest amount for the time frame in at least 14 years.

They also cut purchases of foreign bonds by almost half to just ¥7.7 trillion and their buying of overseas equities was less than ¥1 trillion.

 

[k1976]

Recap 2019....​

Malaysia issues 200 bln yen samurai bond, first in 30 years​

By Reuters
March 8, 20194:40 PM GMT+8Updated 6 years ago


KUALA LUMPUR, March 8 (Reuters) - Malaysia has issued a 200 billion yen ($1.80 billion) samurai bond, marking its return to the Japanese bond market after 30 years, the country's finance ministry said on Friday.
The issuance of the 10-year bond is part of the government's efforts to raise funds amid huge debts incurred by the previous administration.
Prime Minister Mahathir Mohamad, elected in May last year, has blamed the previous government of Najib Razak for saddling the country with debt of more than 1 trillion ringgit ($244.62 billion).



00:05Wall Street's indexes end down, defense shares rise




"Proceeds from the offering will be used by the government for its general purposes, financing development expenditures that among others include building schools, hospitals, public roads and utilities," the finance ministry said in a statement.

Mahathir had said in November the samurai bond would be issued with low interest rates to pay back some of the "costly" loans taken by Najib's government.

The bond has been priced at a full cost of 0.63 percent per annum, the ministry said, lower than the targeted 0.65 percent annual coupon rate announced by minister Lim Guan Eng in January.

The bond, guaranteed by the state-owned Japan Bank of International Cooperation, has been well-received by Japanese investors, the ministry said.

 

[k1976]

Recap 2moons ago....GuanEng Kor explain how RM can benefited from its Yen Bond​

​

Ringgit gain may yield RM500mil profit on Samurai bond, says Lim​

Liew Yen Rou
-18 Jul 2024, 01:40 PM

Appreciation of Malaysian currency over Japanese yen to reduce interest payment and raise the bond’s value, says Lim Guan Eng.​

Former finance minister Lim Guan Eng said the federal government will pay about RM358 million in interest to Japan for the 10-year Samurai bonds.

KUALA LUMPUR: The appreciation of the ringgit over the yen is likely to yield a RM500 million profit for Malaysia from its 10-year Samurai bond issued in 2019, former finance minister Lim Guan Eng said today.

Lim, who is Bagan MP, said the increase in the value of the ringgit has led to a reduction in the quantum of interest payments Malaysia has to make.

 

[k1976]

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Markets

China Fears Are ‘Massively Overblown,’ ANZ CEO Elliott Says​

• Bearing with volatility is a bank’s job, Elliott says
• Elliott’s comments come days after China stimulus announcement

Shayne Elliott in Singapore on Oct. 2.
Photographer: Lionel Ng/Bloomberg
By Ambereen Choudhury and Harry Brumpton
October 2, 2024 at 2:26 PM GMT+8
Updated on
October 2, 2024 at 3:57 PM GMT+8
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ANZ Group Holdings Ltd. Chief Executive Officer Shayne Elliott said fears about the “demise of China” as an investment destination are “massively overblown,” with the bank seeing brisk business in the country.
“Our business in China is going great,” Elliott said at an AustCham Singapore event on Wednesday, even as he admitted that operating there is “bumpy” and

 

[k1976]

Hong Kong Dollar Supply Tightens as Stocks Frenzy Boosts Demand​

• Currency comes closer to strong end of trading band vs. dollar
• City’s one-month interbank borrowing costs hit two-month high

By Iris Ouyang
October 2, 2024 at 4:11 PM GMT+8
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The supply of Hong Kong dollars tightened due to a rally in local shares and seasonal factors, nudging the currency toward the strongest level it’s allowed to trade versus the greenback.

Measures of Hong Kong dollar’s funding costs jumped in both foreign-exchange and money markets, as traders borrowed cash to pile into surging equities and banks hoarded liquidity before quarter-end regulatory checks.

That prompted the city’s currency, which is only allowed to fluctuate in a band of 7.75 to 7.85 per dollar to inch closer to the stronger end of that range.