(Reuters) - BEIJING, April 29 - China on Sunday ordered banks for the second time this month to hold more of their deposits in reserve in the latest attempt to prevent credit and investment growth from destabilising the world's fourth-largest economy.
The People's Bank of China said on its Web site that big banks would have to hold 11 percent of their deposits in reserve at the central bank as from May 15, up from 10.5 percent now.
Read more at Reuters.com Bonds News
Sunday, April 29, 2007
N.Z. Windfarms, PGG Wrightson, Telecom Corp: New Zealand Equity Movers
(Bloomberg) -- New Zealand's NZX 50 Index was little changed, falling 0.04 points, to 4181.41 at 10:55 a.m. in Wellington.
The following stocks rose or fell. The stocks symbols are in brackets after the company names.
Read more at Bloomberg Stocks News
The following stocks rose or fell. The stocks symbols are in brackets after the company names.
Read more at Bloomberg Stocks News
DoCoMo, Japan Tobacco, Sumitomo Mitsui Financial: Japanese Equity Preview
(Bloomberg) -- The following stocks may move in Japanese markets on May 1. The Japanese stock markets will be closed on April 30 for a national holiday. Prices are as of the close of trading today. Statements were released after the close. Stock symbols are in parentheses.
All Nippon Airways Co. (9202 JT): Japan's largest domestic carrier said full-year profit rose as the country's economic growth boosted air travel. All Nippon's net income gained 22 percent to 32.7 billion yen ($274 million) in the 12 months ended March 31, from 26.7 billion yen a year earlier. The stock fell 14 yen, or 2.9 percent, to 465.
Read more at Bloomberg Stocks News
All Nippon Airways Co. (9202 JT): Japan's largest domestic carrier said full-year profit rose as the country's economic growth boosted air travel. All Nippon's net income gained 22 percent to 32.7 billion yen ($274 million) in the 12 months ended March 31, from 26.7 billion yen a year earlier. The stock fell 14 yen, or 2.9 percent, to 465.
Read more at Bloomberg Stocks News
Gary-Williams Says Oklahoma Refinery Fire Is Out, Plant Isn't Operating
(Bloomberg) -- Gary-Williams Energy Co.'s refinery in Wynnewood, Oklahoma, isn't operating after a fire in two storage tanks was extinguished, a manager at the plant said.
The company may start up the plant on Tuesday, Mike Hancock, manager of administration for the refinery, said in a telephone interview. The plant was shut down April 27 about midnight because the fire was spreading to electric lines feeding into the plant, he said.
Read more at Bloomberg Energy News
The company may start up the plant on Tuesday, Mike Hancock, manager of administration for the refinery, said in a telephone interview. The plant was shut down April 27 about midnight because the fire was spreading to electric lines feeding into the plant, he said.
Read more at Bloomberg Energy News
Gold May Resume Rally on Rising Demand for Dollar Alternative, Survey Says
(Bloomberg) -- Gold may resume its two-month rally as a decline in the value of the dollar boosts the appeal of the precious metal as an alternative investment.
Twelve of 26 traders, investors and analysts surveyed by Bloomberg from Sydney to Chicago on April 26 and April 27 advised buying gold, which fell 2 percent to $681.80 an ounce last week on the Comex division of the New York Mercantile Exchange. The decline was the first in eight weeks. Five respondents said to sell, and nine were neutral.
Read more at Bloomberg Commodities News
Twelve of 26 traders, investors and analysts surveyed by Bloomberg from Sydney to Chicago on April 26 and April 27 advised buying gold, which fell 2 percent to $681.80 an ounce last week on the Comex division of the New York Mercantile Exchange. The decline was the first in eight weeks. Five respondents said to sell, and nine were neutral.
Read more at Bloomberg Commodities News
Egypt's CASE 30 Index Declines; Sidi Kerir and Orascom Construction Slide
(Bloomberg) -- Egyptian stocks including Sidi Kerir Petrochemicals, the only maker of ethylene in Egypt, and Orascom Construction Industries, dropped.
Sixth of October Development & Investment Co., the largest real-estate developer by market value in Egypt, rose after it announced it would invest 8 billion Egyptian pounds ($1.4 billion) with Solidere of Lebanon to build new homes.
Read more at Bloomberg Stocks News
Sixth of October Development & Investment Co., the largest real-estate developer by market value in Egypt, rose after it announced it would invest 8 billion Egyptian pounds ($1.4 billion) with Solidere of Lebanon to build new homes.
Read more at Bloomberg Stocks News
Dubai's Benchmark Index Advances, Paced by Dubai Islamic Bank: Gulf Stocks
(Bloomberg) -- Shares in Dubai, the United Arab Emirates, advanced for the first time in five trading sessions, paced by Dubai Islamic Bank and Dubai Financial Market.
The Dubai Financial Market General Index added 0.3 percent to 3824.58 at 11:20 a.m. local time. The measure lost 2.4 percent in the past four days. The Abu Dhabi Securities Market Index declined 0.1 percent to 3062.73.
Read more at Bloomberg Stocks News
The Dubai Financial Market General Index added 0.3 percent to 3824.58 at 11:20 a.m. local time. The measure lost 2.4 percent in the past four days. The Abu Dhabi Securities Market Index declined 0.1 percent to 3062.73.
Read more at Bloomberg Stocks News
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