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3/3/13
Indonesian Palm Reserves Seen Declining by Bangun on Demand
By Ranjeetha Pakiam
Palm oil inventories in Indonesia, the world’s largest producer, may drop 8 percent this year as a significant increase in demand outstrips record supplies, according to Derom Bangun, chairman of the nation’s palm board. Prices rallied, snapping eight days of losses.
Exclusive: China eyes market forces to drive forex reform agenda
(Reuters) - China is set to use swelling offshore holdings of its tightly-managed currency worth around 1 trillion yuan ($160 billion) to justify a landmark shift in tactics to relax capital controls.
Asian Stocks Fall on China Property Declines; Yen, JGBs Advance
By Pratish Narayanan & Richard Frost
Asian stocks fell as China property companies slumped after the government ordered measures to cool prices. The yen strengthened against all its major peers, while Japanese and Indian bonds gained.
Asian shares tumble; property curbs spark China sell-off
By Chikako Mogi
TOKYO (Reuters) - A sell-off in Chinese equities dragged Asian shares down sharply on Monday, as worries about Beijing tightening its grip on the property sector compounded weak sentiment already dampened by a patchy global growth outlook.
Bearish Swaps Signal Divides SocGen, Deutsche Bank: China Credit
By David Yong & Kim Kyoungwha
China’s swap market turned cautious on the economy last month for the first time since August and global banks are divided on prospects for growth.
Market Close Report: NASDAQ Composite index closes at 3,169.74 up 9.55 points
Friday's session closes with the NASDAQ Composite Index at 3,169.74. The total shares traded for the NASDAQ was over 1.83 billion.
