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Feb 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. A wave of selling is likely to crash over Asian markets on Monday following a sobering end to the week on Wall Street, as the reality of 'higher for longer' U.S. interest rates finally dawns on investors. The implied peak Fed rate is approaching 5.50% - does anyone still think 6% is the stuff of fantasy? One consequence of the market's Fed rethink is the sharp rise in bond yields and the dollar. Many Asian currencies are being pushed back toward their recent lows, boosting inflationary pressures across the region and making dollar-denominated debt servicing more expensive.

The tech-heavy Nasdaq (.IXIC) recovered after a weak open, boosted by 4% gains in Tesla Inc (TSLA.O) and Nvidia Corp (NVDA.O). Ten of the 11 major S&P sectors rose, with consumer discretionary (.SPLRCD) and technology (.SPLRCT) leading the gains. "I don't think (this report) moves the needle for the Fed, and I suspect they're taking a hard look at the data. The rally, however, stalled last week on signs of a tight labor market and hawkish commentary from Fed policymakers. Money market traders have priced in at least two more 25 basis point rate hikes this year and see interest rates peaking at 5.2% by July.

☆ Starboard nominates directors to the board at Rogers. Here’s how the firm could boost margins
▼ + stars: | 2023-02-11 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Activist Commentary: Starboard Value is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On Dec. 15, 2022 , Starboard delivered a letter to the company nominating four directors for election to the board at the 2023 Annual Meeting. Both sides seem to share the same views regarding margin improvement, and there is a new CEO who Starboard likely supports. Having Starboard representation on the board would help management stay focused and get the support it needs. While Starboard is not advocating for any strategic transaction, the firm is an economic animal with fiduciary duties.

☆ Most analysts are sticking with AMD even after 'partly cloudy' fourth-quarter earnings
▼ + stars: | 2023-02-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

AMD shares popped about 3%. On Wall Street, several analysts reiterated AMD shares as a buy despite the continued overhangs in the chipmaking industry, and project upside for the stock. Goldman Sachs also maintained a buy rating on AMD, saying that despite broader market challenges, the company is on track towards a positive market share trajectory. 'Partly cloudy' results Deutsche Bank analyst Ross Seymore reiterated a hold rating on the stock, citing its "partially cloudy" fourth-quarter results. AMD shares have benefited from January's market and tech shares rally, jumping 16.03% since the start of 2023.

☆ GM reports higher quarterly profit, expects strong earnings in 2023
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Aly SongDETROIT, Jan 31 (Reuters) - General Motors Co (GM.N) on Tuesday reported a higher quarterly net income for the fourth quarter, and forecast stronger-than-expected earnings in 2023, sending its shares up over 5% in premarket trading. The company expects its core auto operations to perform at a consistently strong level in 2023, with full-year net income attributable to stockholders of $8.7 billion-$10.1 billion, adjusted EBIT of $10.5 billion-$12.5 billion, and diluted and adjusted earnings per share of $6.00-$7.00. The company expects adjusted automotive free cash flow of $5.0 billion to $7.0 billion in 2023, with net automotive cash from operating activities of $16.0 billion to $20.0 billion. EBIT-adjusted income of $3.8 billion topped the year-earlier $2.8 billion, as higher prices and increased sales volume in North America more than offset higher costs. Diluted adjusted earnings per share of $2.12 in the quarter compared with $1.99 a year earlier.

The stunning market selloff has cast a shadow over Adani Enterprises' secondary share sale that started on Friday. The share sale is being managed by Jefferies, India's SBI Capital Markets, Axis Capital, and ICICI Securities among others. Shares of other listed Adani firms also plummeted, with Adani Transmission Ltd (ADAI.NS), Adani Total Gas (ADAG.NS), Adani Green Energy (ADNA.NS) and Adani Ports (APSE.NS) sinking 20% each. Adani Ports, Adani Green Energy and Adani Transmission marked their worst intraday drop ever, with heavy volumes. Billionaire U.S. investor Bill Ackman said on Thursday that he found the Hindenburg report "highly credible and extremely well researched."

☆ India's Adani dollar bonds hit lowest since November
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: 1 min

LONDON, Jan 27 (Reuters) - Dollar bonds issued by entities of India's Adani Group tumbled on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate's listed firms. The short seller report has cast doubts on how investors will respond to the company's record $2.45 billion secondary sale. U.S. dollar-denominated bonds issued by Adani Green Energy (ADNA.NS) extended this week's sharp falls to just under 77 cents in the dollar to their lowest since November, Tradeweb data showed. The price was last down 7.32 cents to 77.007 cents. .International bonds issued by Adani Ports And Special Economic Zone (APSE.NS), Adani Transmission (ADAI.NS) and Adani Electricity Mumbai also fell. Reporting by Amanda Cooper and Dhara RanasingheOur Standards: The Thomson Reuters Trust Principles.

☆ AB Volvo profit just short of forecast as supply strain lingers
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +1 min

[1/2] Volvo trucks are seen for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly/File PhotoJan 26 (Reuters) - Swedish truck maker AB Volvo (VOLVb.ST) reported a slightly smaller rise than expected in fourth-quarter core profit on Thursday and proposed an extra dividend but warned that its supply chain struggles are set to linger. Adjusted operating profit at Volvo, a rival of German brands such as Daimler Trucks (DTGGe.DE), rose to 12.2 billion Swedish crowns ($1.19 billion) from 10.1 billion crowns a year earlier and an average forecast of 12.5 billion crowns from analysts in a Refinitiv poll. Chief Executive Martin Lundstedt said the business continued to be affected by a volatile supply chain for components as well as its supplier base being under financial pressure from high energy prices and input costs. The world's second-biggest truck manufacturer proposed an ordinary annual dividend of 7.00 crowns per share and a extra dividend of the same amount.

☆ Czech interest rates should stay higher for longer, Kubelkova says
▼ + stars: | 2023-01-22 | by ( ) www.reuters.com time to read: +2 min

PRAGUE, Jan 23 (Reuters) - Keeping the Czech National Bank's interest rates higher for a longer period would work better against inflation than implementing further hikes only to reverse them soon after, central bank board member Karina Kubelkova said. Since joining the central bank last July, Kubelkova has been part of the majority in favour of stable rates. "Especially in the current situation, holding rates higher for a longer time is a strategy that works better (than raising rates further and then cutting them)," Kubelkova said in an interview published on Monday by daily paper Hospodarske Noviny. "The transmission into the real economy will be bigger than moving the (main) rate higher and back over a short time," she said. Analysts see rates staying stable for the first half of 2023 before the bank begins lowering borrowing costs.

Throw in increasingly positive signs from China, and the bulls could be leading the charge on Monday. Beijing's abrupt U-turn has triggered huge waves of infections, but investors hope the reopening will eventually bear economic fruit. Analysts are split on whether this paves the way for the company to revive its IPO plans, or results in further delay. There is little in the way of economic data from Asia on Monday, but the flow accelerates later in the week. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Italy's Chiesi Farmaceutici to buy Amryt Pharma in a $1.48 billion deal
▼ + stars: | 2023-01-08 | by ( ) www.reuters.com time to read: +1 min

Jan 8 (Reuters) - Italy's Chiesi Farmaceutici said on Sunday it will acquire Ireland-based drugmaker Amryt Pharma Plc , which has products and drugs in development for treating rare diseases, in a deal valued at $1.48 billion. The total value of the all-cash deal represents a 107% premium over Dublin, Ireland-based Amryt's ADS closing price of $7.00 on Jan. 6, the companies said in a joint announcement. For first nine months of 2022, Amryt reported $188.8 million in revenue, and reaffirmed its full-year forecast for revenue of $260 million to $270 million. Its top-selling drug, Myalept or Myalepta, had third-quarter sales of $37.9 million. Reporting by Shivani Tanna in Bengaluru; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ Gold ticks up in light trade after holiday weekend
▼ + stars: | 2022-12-27 | by ( ) www.cnbc.com time to read: +1 min

Gold prices edged up in early Asian hours on Tuesday, helped by a softer dollar, although trading was thin after the long Christmas weekend. U.S. gold futures rose 0.3% to $1,810.00. Data on Friday showed U.S. consumer spending rose 0.1% in November after climbing 0.4% in October, while inflation cooled further. The European Central Bank must be prepared to take the heat and raise interest rates further, ECB policymaker Isabel Schnabel said in an interview published on Saturday. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.1% to 913.01 tons on Friday.

☆ Gold gains on dollar weakness as China relaxes COVID curbs
▼ + stars: | 2022-12-27 | by ( Arundhati Sarkar | ) www.reuters.com time to read: +2 min

Spot gold rose 0.6% to $1,809.20 per ounce by 1136 GMT. A weaker dollar also makes the greenback-denominated bullion less expensive for other currency holders. "Gold was weaker for most of 2022 amid aggressive tightening of monetary policies, rising real yields and dollar strength. "Sustained recovery in gold prices is possible if Fed pivots." In other metals, spot silver rose 1.6% to $24.09 per ounce, platinum gained 0.4% to $1,025.32, while palladium jumped 1.9% to $1,797.00.

☆ Dollar solidly bid on Fed view, economic resilience; yen eyes weekly gain
▼ + stars: | 2022-12-23 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Sterling was just a touch higher at $1.2038 having slumped to a three-week low of $1.1993 overnight. The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still-tight labour market, data released on Thursday showed. BOJ SURPRISEThe yen was marginally lower at 132.39 per dollar on Friday, but was on track for its third largest weekly gain this year of more than 3%. "Japan's inflation figures will be closely scrutinised from here on," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. Elsewhere in Asia, the Chinese offshore yuan rose slightly to 7.0038 per dollar.

☆ Malaysia campsite search continues as 12 still missing after deadly landslide
▼ + stars: | 2022-12-17 | by ( ) www.reuters.com time to read: +2 min

[1/4] Rescuers work during a rescue and evacuation operation following a landslide at a campsite in Batang Kali, Selangor state, on the outskirts of Kuala Lumpur, Malaysia, December 16, 2022, in this picture obtained from social media. Korporat JBPM/via REUTERSKUALA LUMPUR, Dec 17 (Reuters) - The search for the remaining 12 campers caught in Friday's deadly landslide at an unlicensed campsite in Malaysia continued for a second day after an overnight halt due to bad weather, officials said. At least 21 people, including five children, were killed after a landslide in Batang Kali, a popular hilly area about 50 km (30 miles) north of Kuala Lumpur, tore down while people slept in their tents. There were 94 people caught in the landslide but 61 were safe, with 12 still missing, according to the Malaysia National Disaster Management Agency. ($1 = 4.4220 ringgit)Reporting by Mei Mei Chu; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ Malaysia landslide deaths reach 21 as search for survivors continues
▼ + stars: | 2022-12-17 | by ( ) www.cnbc.com time to read: +1 min

The search for the remaining 12 campers caught in Friday's deadly landslide at an unlicensed campsite in Malaysia continued for a second day after an overnight halt due to bad weather, officials said. There were 94 people caught in the landslide but 61 were safe, with 12 still missing, according to the Malaysia National Disaster Management Agency. The earth fell from an estimated height of 30 meters (100 ft) and covered an area of about an acre (0.4 hectares). Landslides are common in Malaysia, but typically only after heavy rains. Flooding occurs often, with about 21,000 people displaced last year by torrential rain in seven states.

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The average overall personal loan rate this week is 20.05%, a four basis-point increase from last week. You can get a personal loan for many reasons. Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Fees 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 6.99% to 24.99% Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. Average personal loan rates by credit scoreThese rates are based on data from 150 borrowers who applied for loans and received rates.

☆ Czech president: will appoint new members of central bank board on Dec. 14
▼ + stars: | 2022-12-11 | by ( ) www.reuters.com time to read: +1 min

PRAGUE, Dec 11 (Reuters) - Czech President Milos Zeman will appoint new members to the Czech National Bank board on Dec. 14, the president said on Sunday. President Zeman did not say who would replace two board members - Vice-Governor Marek Mora and board member Oldrich Dedek - whose terms expire in mid-February. "In the case of the new members of the central bank board, whom I will appoint on Wednesday, the appointment comes some time before they take office, that is a common practice," Zeman said in an interview broadcast live on Czech Radio. Under the Czech constitution, the president has sole power to appoint central bankers. Several board members, including Governor Ales Michl, suggested that inflation might be already peaking, in line with the central bank staff macroeconomic forecast.

The average overall personal loan rate this week is 20.01%, a two basis-point increase from last week. While this week's increase is small, personal loan interest rates have been climbing steadily this year. Average personal loan ratesWe've compiled a database of 28 personal loan products and averaged their rates so you know the current landscape. Average personal loan rates by credit scoreThese rates are based on data from 133 borrowers who applied for loans and received rates. Make sure to read the fine print of any personal loan you're applying for, and make sure that debt consolidation is an acceptable use of your loan.

If U.S. financial conditions continue to ease and implied market volatility remains well-anchored, bulls will stay on the front foot. On the Asian policy front, further evidence that the burst of 'jumbo' hikes is over will also support risk appetite. The fiscal policy focus this week will be on China, with the Communist Party's Politburo meeting early this month to lay out the government's strategy and guidelines for the year ahead. Analysts at Goldman Sachs expect policymakers to reiterate a 'supportive' stance in light of weak economic activity recently. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ AirAsia parent narrows Q3 loss on strong demand recovery, upbeat outlook
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - Capital A Berhad (CAPI.KL), the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the easing of pandemic-related restrictions in Southeast Asia. It also forecast a positive outlook for the upcoming years on strong sales momentum and reopening of travel restrictions, projecting stronger air passenger traffic in the next quarter. Capital A posted an operating loss of 563.9 million ringgit ($127.00 million) for the three months ended Sept. 30, compared to a loss of 893 million ringgit in the year-ago period. It reported a sharp 563% increase in revenue to 1.96 billion ringgit from last year's 295.9 million ringgit. ($1 = 4.4400 ringgit)Reporting by Sameer Manekar and Riya Sharma in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Gold edges up on dollar dip; Fed policy cues remain key
▼ + stars: | 2022-11-29 | by ( ) www.cnbc.com time to read: +1 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices ticked up on Tuesday, helped by a softer dollar, while market participants awaited more clarity on the U.S. Federal Reserve's rate hike stance. Fed Presidents James Bullard and John Williams said there was a long way to go to fight inflation. Gold is also sensitive to rising interest rates as they increase the opportunity cost of holding the non-yielding asset. "Investors will now turn attention to U.S. economic data this week for any signs the Fed may ease its aggressive rate hikes," ANZ said in a note.

HONG KONG/BEIJING, Nov 24 (Reuters) - China's biggest commercial banks have pledged at least $162 billion in fresh credit to property developers, bolstering recent regulatory measures to ease a stifling cash crunch in the sector and triggering a rally in property shares. Three state-owned banks lined up around $131 billion worth of credit lines to developers on Thursday, a day after three other lenders committed $31 billion, responding to Beijing's call for support. The massive, coordinated injection of liquidity into the property sector buoyed the shares of major developers on Thursday. PSBC late on Thursday announced that it would provide a total of 280 billion yuan in financing to Country Garden as well as others. China Construction Bank Corp (601939.SS) signed cooperative agreements with eight property developers, including Vanke, Longfor and Midea, financial media outlet Yicai reported.

After a brief respite, China is again caught in investors' crosshairs. The economic data are coming in below expectations, hopes are fading that COVID-19 lockdown restrictions are about to be lifted and the exchange rate is back on the slide, along with sovereign bonds. The economy might warrant a cut to the one-year loan prime rate - currently 3.65% - but the exchange rate doesn't. The central bank said on Wednesday that China will continue to increase exchange rate flexibility while keeping the yuan stable at reasonable levels. Sounds a bit hopeful - increased flexibility makes new lows in the exchange rate more likely, requiring more dollar selling to minimize the volatility.

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