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HK takes aggressive investment stance
April 13, 2010--The Hong Kong Monetary Authority the territory’s quasi-central bank, is to manage its burgeoning reserves more aggressively by putting more money into higher-risk, higher-return hedge funds and private equity.
KKR, the private equity firm, has received funds from the authority, while Bain and Blackstone are among others that have received investments or held talks with it, according to people familiar with the matter.
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Source: FT.com
Japan finance head: Economy making steady progress
April 12, 2010--Japan’s finance minister said Monday his government deserves credit for guiding the economy out of recession but must now focus on beating deflation, controlling debt and reigniting growth.
Stock prices are up since the government of Prime Minister Yukio Hatoyama swept into power last summer and the Cabinet met its goal of passing a budget before the March 31 end of the fiscal year, Naoto Kan said in a speech at the Foreign Correspondents’ Club of Japan. “In the seven months of the Hatoyama administration, you cannot deny the fact that the fiscal and economic situation is improving if you look at the results,” Kan said.
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Source: Todays Zaman
Carlyle raises $2.5bn for buy-out fund
April 12, 2010--The Carlyle Group has raised $2.6bn for its third Asian buy-out fund, underlining investor interest in emerging markets.
Although less than the $4bn targeted when Carlyle started raising the fund in 2008, it remains the biggest Asia-focused private equity fund to be completed since the collapse of Lehman Brothers in 2008.
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Source: FT.com
Chi-X's Asia plans may include HK and Seoul
April 12, 2010--Chi-X Global, an operator of share trading platforms, is considering pushing into Hong Kong and South Korea in a move that would pit it against established exchanges in two of Asia’s largest equity markets.
The development comes only weeks after Chi-X secured a licence to operate in Australia, breaking the monopoly enjoyed by the Australia Securities Exchange.
Chi-X Global, owned by Nomura through its Instinet broking unit, is also set to launch share trading in Japan in the third quarter and has a joint venture with SGX, the Singapore exchange, to launch a pan-Asian “dark pool”.
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Source: FT.com
Tokyo Commodity Exchange Gold Price Reached New High In 27 Years
April 9, 2010--At Tokyo Commodity Exchange, Inc. today, the price of gold futures of the February 2011 contract hiked to 3,490 yen per gram temporarily during the day trading session. This price level is the highest since April, 1983.
‚PD Quotes for Gold Futures of February 2011 Contract on April 9 iYen per gramj
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Source: TOCOM
Commodity Equity, Emerging Industries Indices to Be Launched
April 8, 2010--Three indices, including the SSE Commodity Equity Index, SSE Emerging Industries Index and CSI Emerging Industries Index, will be published in due form on April 30, 2010, according to a recent announcement of the Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. (CSI).
In recent years, the wild price volatility of block commodity worldwide has brought fierce challenges to China's economic development, business operation and investors' decision-making. Closely related with the prices of block commodity, the stock prices of companies engaging in block commodity have drawn wide attention on the securities market. The preparation and development of the SSE Commodity Equity Index will not only, by showcasing the changes of stock prices of the listed companies engaging in block commodity, provide a performance comparison benchmark and analysis tool for investing in these stocks, but also reflect the anticipation of investors on block commodity prices. According to the published index scheme, the index is composed of 50 companies with large market capitalization and ample liquidity in such industries as comprehensive oil and natural gas, exploration and production of oil and gas, refining and marketing, coal, nonferrous metals, mining, chemical fertilizers and pesticides, agricultural products, forest products and paper products.
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Source: Shanghai Stock Exchange (SSE)
China economist sees ‘room for talk’ on currency row
April 5, 2010--A Chinese government economist said on Monday that the US decision to delay a contentious currency report did not mean Beijing will change the value of its currency any time soon.
US Treasury Secretary Timothy Geithner on Saturday postponed a report due out on April 15 that could have branded China a “currency manipulator,” which in turn would ratchet up US pressure for a big appreciation in the yuan’s value, which critics says is distorting trade flows. There was no official reaction from China where Monday was a public holiday.
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Source: Todays Zaman
Index Data Monthly Report: Asia Pacific Edition
April 5, 2010--Index Data Monthly Report: Asia Pacific Edition from Dow Jones is now available.
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Source: Dow Jones
Outline Of The Bill For Amendment Of The Financial Instruments And Exchange Act-FSA Japan Deutsche says flows return to frontier ETFs
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April 2, 2010--Bills submitted to the Diet Session #174 (ordinary session): "Outline of the bill for amendment of the Financial Instruments and Exchange Act, etc."
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Source: FSA Japan
March 31, 2010--Deutsche Bank is expanding its emerging market exchange-traded funds, including those linked to what it views as a growth story in newly developing frontier markets.
It says its funds are attracting strong inflows again after a drying up of liquidity during the financial crisis, a sign both of renewed interest in one of the hottest sectors of recent years and of potential expansion into hitherto illiquid assets.
Source: Budapest Business Journal
