Friday 28th August 2015
NEWS: Thursday, August 27TH: The Hong Kong Monetary Authority says it has granted a restricted banking licence to Goldman Sachs Asia Pacific Company Limited (GSAPCL) under the Banking Ordinance. GSAPCL, incorporated in Hong Kong, is a wholly-owned banking subsidiary of the Goldman Sachs Group, Inc. The number of restricted licence banks in Hong Kong is now 24 - Apple launched its first Australian dollar corporate bond issue, raising $1.2bn within two hours this morning. Strong demand for the US tech giant’s fixed and floating, four and seven year Kangaroo bonds saw the firm outstrip predictions it would raise between $500m and $1bn. Apple bonds are popular because the AA+ rated company is considered an ultra-safe investment, although yields are correspondingly low — about 3% on four-year bonds and about 3.8% on seven-year bonds - The European Securities and Markets Authority (ESMA) has published the responses received to the Joint Committee Discussion Paper on Key Information Document for PRIIPS. The responses can be downloaded from the regulator's website - Romania’s MV Petrom reportedly is planning a secondary listing on the London Stock Exchange. According to Romanian press reports, the local investment fund Fondul Proprietatea may sell a significant stake in the company via public offering on the Bucharest Stock Exchange and London Stock Exchange. OMV Petrom, with a current market capitalisation of €4.85bn has announced that it will ask its shareholders’ approval for a secondary listing in London. The general shareholders meeting is scheduled for September 22nd. Austrian group OMV, holds 51% of the company’s shares; other shareholders include the Romanian state, via the Energy Ministry, with a 20.6% stake, and investment fund Fondul Proprietatea, which holds 19%. The remaining 9.4% is free-float - Morgan Stanley (NYSE/MS) today announced the launch of a new fund, the IPM Systematic Macro UCITS Fund, under its FundLogic Alternatives plc umbrella. The fund provides exposure to IPM’s Systematic Macro strategy, which is based on IPM’s proprietary investment models that provide unique insights into how fundamental drivers interact with the dynamics of asset price returns. The FundLogic Alternatives Platform currently has more than $2.6bn in assets under management (as of 31 July 2015) and this latest addition expands Morgan Stanley’s offering of global macro strategies - Equities sold off hard this morning as continued pressure on Chinese stocks rippled throughout world markets. Chinese government intervention brought the Shanghai Composite back a positive close; but the question is now, has confidence eroded so much that the market will continue to depend on the government to prop it up? The other key element to consider today is the outcome of the debate in the German parliament on the Greek bailout. Last month, a record 65 lawmakers from the conservative camp broke ranks and refused to back negotiations on the bailout. The daily Bild estimated that up to 120 CDU and CSU members out of 311 might refuse to back the now-agreed deal. However, Chancellor Merkel is looking to secure support from the Social Democrats (SPD), Merkel's junior coalition partner, and the opposition Greens which will likely swing the final decision Greece’s way. However, a rebellion by a large number of her allies would be a blow to the highly popular Chancellor.

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South America

The Bank of the Republic of Colombia reports that in its meeting today, the board has decided to keep interest rates at 4.5%. The decision was made after analysing both national and international market trends. The central bank says it is conscious of continued global instability and low oil prices, reports Ana Genover.

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The Colombian economy has done well over the last decade, but a comprehensive tax reform that promotes investment beyond the oil and mining sector is needed to put the country on a path toward stronger, sustainable and inclusive growth, according to the latest OECD Economic Survey of Colombia.

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En su reunión de ayer, el Comité Ejecutivo de Operaciones de Mercado Abierto (CEOMA) del Banco Central del Paraguay (BCP), decidió por unanimidad mantener la tasa de interés de política monetaria en 6,75%.

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La Red de Investigadores del Banco Central de Reserva de El Salvador (REDIBACEN), presentó a sus miembros la investigación “Cambio Estructural: Recomendaciones de políticas públicas para el  crecimiento económico inclusivo en El Salvador”. Los resultados de la investigación fueron expuestos por sus autores, Pablo Amaya y César Alvarado, ambos del Departamento de Investigación Económica y Financiera del Banco Central.

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El Directorio del Banco Central de Reserva del Perú (BCRP) acordó mantener la tasa de interés de referencia de la política monetaria en 3,5%. Este nivel de la tasa de referencia es compatible con una proyección de inflación que converge a 2% en el 2015 y toma en cuenta que, en primer lugar, las proyecciones de  actividad económica continúan mostrando un nivel por debajo de su potencial; en segundo lugar, las expectativas de inflación permanecen ancladas dentro del rango meta; en tercer lugar, los indicadores internacionales recientes muestran señales mixtas de recuperación de la economía mundial, así como una mayor volatilidad en los mercados financieros y de cambios; y, finalmente, los bajos precios internacionales del petróleo se han comenzado a trasladar gradualmente al mercado interno.

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En el día de hoy, el Fideicomiso FIBRA MTY, S.A.P.I. de C.V., con clave de cotización "FMTY", llevó a cabo su exitosa Oferta Pública Primaria de Certificados Bursátiles Fiduciarios Inmobiliarios (CBFIs) por un total de 167,708,332 CBFIs, considerando sobreasignación, en la Bolsa Mexicana. 

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Thursday, 11 December 2014

El BCRA se defiende ante el juez

El Banco Central de la República Argentina (BCRA) ratificó ayer ante el Juzgado Criminal y Correccional Federal número 6, a cargo del Doctor Rodolfo Canicoba Corral, que no ha realizado ningún tipo de operación en la cual haya tenido participación el fondo de inversión Latam Securities, desmintiendo de tal modo publicaciones periodísticas que atribuían una supuesta injerencia en el BCRA del Ministro de Economía, Axel Kicillof, a favor de dicho fondo.

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Carmen Martínez Castro, secretaria de Estado de Comunicación, en una entrevista a la Agencia EFE, pone de manifiesto la utilidad del III Foro de la Comunicación que, organizado por la Secretaría de Estado de Comunicación del Gobierno de España y el Grupo Televisa, se celebra mañana en Veracruz, México, en los prolegómenos de la XXIV Cumbre Iberoamericana. La titular de Comunicación puso de manifiesto que iniciativas como el Foro de la Comunicación ayudan a dar pasos en la dirección de crear un mercado común del audiovisual hispano.

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