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Debt Purchasing

Asia's reserve-rich nations keep on purchasing U.S.Debt

Asia's reserve-rich nations see no viable option but to keep on purchasing U.S. government debt despite their uneasiness about Washington's fraught political battle over public spending.

But they still considered U.S. Treasury debt the safest bet, particularly with so much uncertainty surrounding Europe's sovereign debt situation.

Japan held $890.3 billion in U.S. Treasuries as of February, the most recent month for which U.S. Treasury data on foreign holdings are available, ranking behind only China on the list of the largest foreign creditors.

Japan's Deputy Finance Minister, Fumihiko Igarashi said Japan should aim to diversify its reserves to reduce Treasuries exposure, perhaps by increasing gold holdings or raising the percentage invested in euro assets.

But he acknowledged that a portfolio shift would be "quite difficult... because selling Treasuries would hurt our own assets."
 

Jyothy Laboratories Ltd to restructure the Rs.600 crore debt

After acquiring a majority stake in Henkel India Ltd from its German parent, Jyothy Laboratories Ltd said it will restructure the Rs.600 crore debt on the detergent and s...

The Aditya Birla Group acquired Sweden-based Domsjö Fabriker AB

The group acquired Sweden-based Domsjö Fabriker AB for $340 million, and earlier this year, Columbian Chemicals Co. for $875 million.

While those two were outbound deals, ...

European private equity firm Acquires UK accounts receivable management firm Cabot Financial

European private equity firm AnaCap Financial Partners announced the acquisition of UK accounts receivable management firm Cabot Financial.

The purchase will create the UK...

Vedanta Moves Closer to Acquiring Cairn India, Open Offer Starts April 11

Vedanta Resources Plc (VED) will start an open offer for Cairn India Ltd. (CAIR) shares through unit Sesa Goa Ltd. (SESA) on April 11, taking billionaire Chairman Anil Ag...

Jyothy Laboratories sole bidder for acquiring Henkal India

Jyothy Laboratories has emerged as the sole bidder for acquiring a majority stake in Henkel India from its German parent.

Jyothy has offered Rs 10 per share for the stake,...

Pacific Investment Management CO. buy debt of Rising Stars

Pacific Investment Management Co. says investors should buy company debt in Russia, Brazil and other emerging markets.

The manager of the world’s biggest bond fund is buyi...

India's 11 year Bond Get Support as Banks lift investments

India’s 11-year bonds gained yieids on speculation banks are purchasing more debt as the quarter ends to comply with a government regulation.

“Bonds are getting support as...

All the right reasons

The financial integration of Novelis with Hindalco has given the latter the heft to push ahead with its ambitious growth plans in India

Last December was hardly a holiday ...
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