IMF welcomes Myanmar currency reforms, says more needed

[Buzz_Burner_Fresh_Updates] IMF welcomes Myanmar currency reforms, says more needed – reuters.com WASHINGTON, Sept 18 (Reuters) – The International Monetary Fund welcomed Myanmar’s “bold move” to liberalize its foreign exchange rules in a report published on Friday and warned that the poor Asian country would need to tighten monetary policy and reduce credit expansion. Continue Reading […]

U.S. SEC removes credit-rating references from money fund rules + MORE

[Buzz_Burner_Fresh_Updates] U.S. SEC removes credit-rating references from money fund rules – reuters.com WASHINGTON, Sept 16 (Reuters) – U.S. securities regulators adopted rules on Wednesday that strip out references to credit ratings from their rule book governing money market funds, as part of an ongoing effort to reduce the industry’s reliance on credit-rating agencies since the […]

BRIEF-Indonesia's financial regulator says to issue buyback rules to reduce volatility

[Buzz_Burner_Fresh_Updates] BRIEF-Indonesia's financial regulator says to issue buyback rules to reduce volatility – reuters.com Aug 21 (Reuters) – Indonesia’s financial regulator says in a statement released late on Thursday: Continue Reading On reuters.com »  

China Cinda says Ministry of Finance will not cut stake to maintain market stability

[Buzz_Burner_Fresh_Updates] China Cinda says Ministry of Finance will not cut stake to maintain market stability – reuters.com HONG KONG, July 9 (Reuters) – China Cinda Asset Management Co Ltd said on Thursday that its controlling shareholder, the Ministry of Finance, has notified the company that it will not reduce its shareholding in the company in […]

Alcoa earnings hurt by low aluminum prices, higher global surplus seen

[Buzz_Burner_Fresh_Updates] Alcoa earnings hurt by low aluminum prices, higher global surplus seen – reuters.com BENTONVILLE, Ark. (Reuters) – Metals company Alcoa Inc reported a quarterly profit that missed expectations due to plunging primary aluminum prices on Wednesday, but revenues topped estimates on an ongoing drive to reduce reliance on the company’s legacy commodity business. Continue […]

Alcoa earnings hurt by low aluminum prices, higher global surplus seen + MORE

[Buzz_Burner_Fresh_Updates] Exclusive: Lockheed, Textron final suitors for Sikorsky Aircraft – sources – reuters.com WASHINGTON/NEW YORK (Reuters) – Lockheed Martin Corp and Textron Inc have emerged as final contenders to buy United Technologies Corp’s Sikorsky Aircraft business, which could be valued at around $8 billion, according to people familiar with the matter. Continue Reading On reuters.com […]

Exclusive: Lockheed, Textron final suitors for Sikorsky Aircraft – sources + MORE

[Buzz_Burner_Fresh_Updates] Exclusive: Lockheed, Textron final suitors for Sikorsky Aircraft – sources – reuters.com WASHINGTON/NEW YORK (Reuters) – Lockheed Martin Corp and Textron Inc have emerged as final contenders to buy United Technologies Corp’s Sikorsky Aircraft business, which could be valued at around $8 billion, according to people familiar with the matter. Continue Reading On reuters.com […]