South Korean household borrowing climbs in May, biggest rise in 20 months
SEOUL, June 9 (Reuters) - Borrowing by South Koreanhouseholds grew in May, marking the biggest increase in 20months, as demand for mortgages climbs due to a loosening ofregulations. Total household borrowing from banks increased by 4.2trillion won ($3.3 billion) or 0.4% to stand at 1,056.4 trillionwon at the end of May, according to the Bank of Korea. It was asecond straight month of gains after a 2.3 trillion won rise inApril.Total borrowing for the year to date
BUZZ-Australia's ENRG Elements hits near 3-year low on discounted placement
** Shares of ENRG Elements dip as much as 30% toA$0.011, hitting their lowest level since Sept 7, 2020 ** The exploration co says it is undertaking a capitalraising via a non-underwritten share purchase plan to raise upto A$1.5 mln ($1.01 mln) before costs** Issue price of A$0.0125 per share is at a 16.7% discountto last close on June 6 ** Says funds raised to be applied towards explorationprograms, predominantly at the Agadez Uranium Project, amongothers** Shares post their
India Morning Newsletter, June 9
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INDIA RUPEE-Rupee seen higher on dollar slump as data backs Fed rate pause
By Nimesh Vora MUMBAI, June 9 (Reuters) - The Indian rupee is poised toopen higher on Friday, tracking losses on the dollar after ajump in U.S. jobless claims made it more likely that the FederalReserve will refrain from raising rates next week. Non-deliverable forwards indicate the rupee willopen at around 82.44-82.46 to the U.S. dollar compared with82.5625 in the previous session.The rupee on Thursday barely responded to the Reserve Bankof Indias policy decision.The currencyexactly
Binance.US suspends USD deposits, pausing fiat withdrawal channels
June 8 (Reuters) - Binance.US on Thursday said thecompany is suspending USD deposits while notifying customersthat their banking partners are preparing to pause fiat (USD)withdrawal channels as early as June 13. The move comes as the U.S. financial regulators supported afreeze on the cryptocurrency exchanges assets earlier in theday. (Reporting by Rahat Sandhu in Bengaluru; Editing by Dhanya AnnThoppil)
INDIA BONDS-India's bond yields seen tad higher before supply, RBI guidance weighs
By Dharamraj Dhutia MUMBAI, June 9 (Reuters) - Indian government bond yieldsare expected to trend higher in the early session on Friday, astraders await fresh supply via weekly debt auction, while theReserve Bank of Indias (RBI) monetary policy guidance subduedsentiment. The 10-year benchmark 7.26% 2033 bond yield is expected to be in the 7.00%-7.05% range until the debtauction, after closing at 7.0224% in the previous session, atrader with a private bank said. The 10-year yield posted its biggest
Iron ore set for second straight weekly gain on China stimulus hopes
By Enrico Dela Cruz June 9 (Reuters) - Iron ore futures advanced on Friday,on track for a second consecutive weekly gain, driven byoptimism about demand prospects as signs emerged that top steelproducer China is moving to support its faltering economy. The most-traded September iron ore on Chinas DalianCommodity Exchange rose as much as 2.7% to 806.50 yuan ($113.30) per metric ton in early trade, its strongest sinceApril 4, taking its weekly gain to
RUBBER-Japanese futures eye second consecutive weekly gain
SINGAPORE, June 9 (Reuters) - * Japanese rubber futures looked set on Friday to post theirsecond straight weekly gain, even as the benchmark contracttraded slightly lower for the day, tracking losses in theShanghai market and weighed down by weaker crude oil prices. * The Osaka Exchange (OSE) rubber contract for Novemberdelivery was down 0.9 yen, or 0.4%, at 212.0 yen($1.52) per kg, as of 0226 GMT. * The benchmark OSE contract has gained 1% so far this week. * The rubber contract on
BUZZ-Australia's MAAS Group drops on tightening FY23 earnings guidance
** Shares of MAAS Group Holdings dip as much as10.7% to A$2.840, their biggest intraday pct fall since Feb 24 ** The construction materials provider tightens FY23 ProForma EBITDA guidance range to A$150 mln-A$165 mln ($100.55mln-$110.60 mln), from the previous guidance of A$150 mln-A$180mln ** Says forecast range underpinned by growth in theConstruction Materials and Civil Construction and Hire segments ** Says performance of the Residential Real Estate segmenthad been adversely impacted by a higher
South Korean shares track Wall St higher, set for fourth weekly gain
* KOSPI rises, foreigners net buyers * Korean won strengthens against dollar * South Korea benchmark bond yield falls SEOUL, June 9 (Reuters) - Round-up of South Koreanfinancial markets: ** South Korean shares rose on Friday, tracking WallStreets gains on eased rate hike worries, and were set fortheir fourth straight weekly gain.** The Korean won hit its strongest level against the dollarsince late March, while the benchmark bond yield fell. ** The benchmark KOSPI was up 18.51 points, or0.71%, at 2,629.36 as
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