HKMA sells HK$3.9 bln to keep Hong Kong dollar in trading band on Oct 1

[Buzz_Burner_Fresh_Updates] HKMA sells HK$3.9 bln to keep Hong Kong dollar in trading band on Oct 1 – reuters.com HONG KONG, Oct 2 (Reuters) – The Hong Kong Monetary Authority (HKMA) said it had stepped into the currency market and sold HK$3.875 billion ($500 million) in Hong Kong dollars on Thursday afternoon as the local currency […]

GLOBAL MARKETS-Wave of contagion expected after dramatic weekend raises "Grexit" chances + MORE

[Buzz_Burner_Fresh_Updates] Australia shares expected to fall as Greek woes hit sentiment – reuters.com SYDNEY, June 29 (Reuters) – Australian shares look set to weaken on Monday as investors brace for the possibility of Greece’s exit from the euro zone after it failed to strike a deal with its lenders, leaving the cash-strapped nation on the […]

Eurogroup meeting on Greece paused, may resume after Greece-ECB meeting + MORE

[Buzz_Burner_Fresh_Updates] WRAPUP 3-Germany says surprise Greek referendum plan shuts door on negotiations – reuters.com * Police increase security as lines form in front of cash machines Continue Reading On reuters.com » Eurogroup meeting on Greece paused, may resume after Greece-ECB meeting – reuters.com BRUSSELS, June 27 (Reuters) – Euro zone finance ministers paused a meeting […]

BlackRock's Fink predicts Fed to raise rates in September

[Buzz_Burner_Fresh_Updates] BlackRock's Fink predicts Fed to raise rates in September – reuters.com June 2 (Reuters) – BlackRock Inc’s Chairman and Chief Executive Officer Laurence Fink believes that the U.S. Federal Reserve will raise interest rates in September, he told attendees of Deutsche Bank’s Global Financial Services Conference on Tuesday afternoon. Continue Reading On reuters.com » […]

China shares rebound, led by financials as trading volume, margin finance surge + MORE

[Buzz_Burner_Fresh_Updates] Fitch Publishes Beijing Capital Group's Rating of 'BBB'; Outlook Stable – reuters.com (The following statement was released by the rating agency) HONG KONG, March 20 (Fitch) Fitch Ratings has published Beijing Capital Group Company Limited’s (BCG) Long-Term Foreign Currency Issuer Default Rating (IDR) of ‘BBB’ with Stable Outlook and senior unsecured rating of ‘BBB’. […]