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Originally posted by RetinoidReceptor
. But since this is 'up to the minute', I like the dollar if oil goes to around 80 dollars/barrel. I say that because I believe oil has a profound effect on dollar appreciation/depreciation just as much as the dollar has a profound effect on oil.
Originally posted by redhatty
This is Market data, not a pulpit.
China Said to Plan Tightening of Capital Requirements for Banks
By Bloomberg News
Aug. 21 (Bloomberg) -- China plans to tighten capital requirements for banks, threatening to curb the record lending that’s fueled a 60 percent rally in the nation’s stock market, three people familiar with the matter said.
The China Banking Regulatory Commission sent a draft of rule changes to banks on Aug. 19 requiring them to deduct all existing holdings of subordinated and hybrid debt sold by other lenders from supplementary capital, said the people, who have seen the document. Banks have until Aug. 25 to give feedback, said the people, who declined to be identified as the matter is private.
As a result, banks may need to rein in lending or sell shares to lift capital adequacy ratios to the 12 percent mandated by the regulator. Chinese stocks briefly entered a so- called bear market this week on concerns the government would stymie new loans that exceeded $1 trillion in the first half. A news department official at the regulator declined to comment by phone and didn’t immediately respond to a faxed inquiry.
“This move will cut one of the most important funding sources for banks,” said Sheng Nan, an analyst at UOB Kayhian Investment Co. in Shanghai. Banks will “have to either raise more equity capital or slow down lending and other capital consuming businesses to stay afloat.”
China’s banks have sold 236.7 billion yuan ($34.6 billion) of subordinated bonds so far this year, almost triple the amount issued during all of 2008. The banking regulator estimates about half of the subordinated bonds in circulation are cross-held among banks.
So many naysayers around here. Are you people actually making any money?!
Originally posted by Rockpuck
reply to post by THX-1138
I moved into a hut, in the hills, by a cave.. (not in the cave there's a bear in there) only me, my cat and my laptop.. and a few cans of beans.. I burn Dollars to keep warm at night..
Originally posted by Rockpuck
Originally posted by fromunclexcommunicate
reply to post by stander
No more cash for clunkers money for Toyota?
They are having problems knowing how many cars were even sold lol .. they not believe their $3 billion is gone.
In the first half alone, about 6 million vehicles were sold in China, according to the CAAM. However, Toyota Motor underperformed its peers locally in the mean time, Mr. Hattori affirmed. Upon its announcement, the Japanese company sold 284,000 vehicles in China from January to June, as many as those sold in the comparable period of 2008.
In fact, China has incontestably become Toyota Motor's most important market, said Mr. Hattori, stressing that the company's new president Akio Toyoda visited China this June, his first abroad visit since taking office.