Chinese fund managers suggested a lower exposure to stocks due to a probable cash squeeze. (Photo : Reuters)The image is a bank teller counting yuan. Fund managers from China lowered their preferred exposure to bonds and stocks this June as concerns regarding the effects of a cash squeeze in the money market were raised.
Sectors
TrimTabs reports losses amounting to US$47.2 billion in June
TrimTabs has reported losses amounting to US$47.2 billion for bond mutual funds and bond ETFs. (Photo : Reuters)The image is the gold inset sign of Wall Street.
Cyprus government bonds now ineligible
The ECB announced that Cyprus government bonds are ineligible as collateral due to lowered credit rating.
Japan's US$1.1 trillion retirement fund alloted for real estate - CBRE
Japan's Government Pension Investment Fund will use its US$1.1 trillion budget to buy properties in major cities
Closed End Funds Increasing in Number and Value
Closed end funds are increasing in number and value, with 24 funds launched having US$10.5 billion in portfolio value.
Latest News
Pekao, after failing to purchase Nordea Bank Polska, is now seeking out new acquisitions. (Photo : Reuters)The image is the corporate logo of Bank Pekao SA.
The chairman of the Chinese Banking Regulatory Commission allays fears of liquidity issues saying that the system has sufficient funds to cover all settlements.
Outflows continue in record breaking fashion, as a total of $23 billion, the biggest since 1992, was reported.
Viktor Vekselberg continues expanding by initiating a bid to buy Schmolz+Bickenbach. (Photo : Reuters)Russian tycoon Viktor Vekselberg gives a speech in an assembly.
Energy Futures is seeking court intervention to dismiss the suit filed by Aurelius against the firm.
Europe, Middle East, and Africa all experienced a generally flat syndicated lending volume. (Photo : Reuters)The European Central Bank is expected to print money to prevent a further escalation of the euro zone's debt crisis.
The European Central Bank would suspend the eligibility of Cyprus's debt due to its demand to refinance its operations.
The South Korean F-X was extended to July 2 after receiving overwhelming bids from interested investors.
Senior vice minister Nishimura said that Japan needs a plan to boost growth. (Photo : Reuters)The image is a stack of Japanese yen. Yasutoshi Nishimura, senior vice minister for fiscal policy and economics, said that Japan must embrace new and solid growth measures to help the economy endure an upcoming consumption tax increase and other red ink reduction efforts.
