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Dow Jones Asia-Pacific Top Stories Sked for February 23

23 Feb 2017 6:00 am
 

Following are the top Asian-Pacific stories featured on Dow Jones Newswires as of 0600 GMT. Not all stories appear on all wires.
 

MACRO/FOREX/FIXED INCOME:
 
China Forex Regulator Examines Cross-Border Trade Activity 

China's foreign-exchange regulator is reviewing the transactions of more than 19,000 domestic companies to ensure their cross-border goods trade complies with the agency's rules, it said Thursday. (published 0411 GMT)
 
Singapore Jan CPI +0.6% On Year; Matches WSJ Poll 

Singapore's consumer prices rose in line with expectations in January due to firmer oil prices and rising service charges. (published 0500 GMT)
 
BOJ Board Member Kiuchi Sounds Alarm on Trump's Stimulus Plans 

Stimulus measures promised by U.S. President Donald Trump could undermine global growth rather than strengthen it, a Bank of Japan board member said Thursday, underscoring the concerns of Japanese central bankers about the direction of U.S. policy. (published 0214 GMT)
 
Bank of Korea Keeps Base Rate Unchanged at 1.25% 

The Bank of Korea left interest rates unchanged for an eighth straight meeting Thursday, as widely expected amid mixed signals from South Korea's economy. (published 0106 GMT)
 
Australian Business Investment Falls 

Australian firms scaled back investment spending much more sharply-than-expected in the fourth quarter, as a downturn in mining investment remained a strong headwind. (published 0038 GMT)
 
China Banking Plans PHP15 Bln Stock Rights Offer 

China Banking Corp. said Thursday it seeks to raise 15 billion pesos from a stock rights offer. (published 0156 GMT)
 
United Overseas Bank to Issue US-Dollar, Euro Bonds 

United Overseas Bank Ltd. said Thursday it plans to issue two separate covered bonds of US$500 million and 500 million euros, respectively, as part of its US$8 billion global covered bond program. (published 0055 GMT)
 

EQUITIES:
 
Carlos Ghosn Resigns as Nissan CEO -- 2nd Update 

Carlos Ghosn is leaving his chief executive role at Nissan Motor Co., a company he rescued from near-collapse and led for nearly two decades, to take a broader oversight role of the alliance that links Nissan with Renault SA and Mitsubishi Motors Corp. (published 0408 GMT)
 
Malayan Banking 4Q Net Profit Rises 43% 

Malayan Banking Bhd. posted a sharper than expected rise in fourth-quarter net profit, helped partly by higher net interest income and income from Islamic banking, as well as a rise in loans. (published 0545 GMT)
 
Ayala Plans Record PHP185 Bln Capital Expenditure for 2017 

Philippine conglomerate Ayala Corp. said Thursday it is raising its capital expenditure for this year to a record 185 billion pesos, up 13% from the level in 2016. (published 0307 GMT)
 
GIC in JVs to Buy Washington Office Assets Valued at Over US$1.05 Billion 

Singapore sovereign wealth fund GIC Pte. Ltd. has established joint ventures with a group of investors to acquire 2.1 million square feet of office assets in Washington D.C. that is valued at more than US$1.05 billion. (published 0219 GMT)
 
Singapore Telecommunications Unit Buys U.S.-Based Turn Inc. 

Singapore Telecommunications Ltd. Thursday said its unit has signed a deal to buy Turn Inc., a U.S.-based data and analytics firm, valuing it at US$310 million. (published 0209 GMT)
 
City Developments 4Q Profit Falls on Surging Cost of Sales 

City Developments Ltd. Thursday reported a 40.6% on year drop in its net profit in the fourth quarter, mainly as its cost of sales nearly doubled. (published 0156 GMT)
 
China Banking Plans PHP15 Bln Stock Rights Offer 

China Banking Corp. said Thursday it seeks to raise 15 billion pesos from a stock rights offer. (published 0156 GMT)
 
China Railway Construction Wins CNY6.5 Bln Bid for Urban Rail Transit Project in Shijiazhuang 

China Railway Construction Corp. won a 6.5 billion yuan bid for the investment and construction of a urban rail project in Northern China's Shijiazhuang city. (published 0135 GMT)
 
Cheuk Nang Expects to Swing to Net Profit for 1H Ended December 

Cheuk Nang Ltd. said it expects to swing to a net profit for the first half ended December, boosted by 1.65 billion Hong Kong dollars in revenue from property sales in Shenzhen. (published 0122 GMT)
 
Asian Shares Broadly Down as Markets Digest Fed Minutes 

Equities investors across Asia were largely cautious on Thursday, following lackluster performances on Wall Street overnight, as markets digested the latest Federal Reserve meeting minutes. (published 0453 GMT)
 

ENERGY/COMMODITIES:
 
Oil Prices Up But Remain Rangebound 

Oil prices regained momentum in Asia Thursday, but the tug-of-war between ongoing supply cuts in the Middle East and increasing production in the U.S., kept prices rangebound. (published 0325 GMT)
 

(END) Dow Jones Newswires

February 23, 2017 01:00 ET (06:00 GMT)

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