ANALYSIS-Brexit might not be all bad for $2.1 trillion gilts market LONDON, Feb 8- For all that some investors fear Britain leaving the European Union, holders of government debt have barely blinked, with prices near a three-year high last week and foreign investors making record purchases. By pushing a rise in Bank of England interest rates further into the distance,' Brexit' could be a short-term boost for holders of much of...
| By: David Milliken
Australian PM Turnbull drops GST rise, fuels election speculation SYDNEY, Feb 8- Australian Prime Minister Malcolm Turnbull on Monday ruled out a rise in the Goods and Services Tax under pressure from within his own party, further raising the possibility that he may dissolve parliament and call a snap election. "At this stage, I remain to be convinced or persuaded that a tax mix switch of that kind would actually give us the...
| By: Matt Siegel
COLUMN-India's fading oil product exports contrast with China's boom: Russell LAUNCESTON, Australia, Feb 8-- One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned. India has in recent years been a fairly major player in Asia's market for refined products, given the presence of plants designed to take advantage of the country's...
| By: Clyde Russell
BOJ members feared triggering 'rates war' Policymakers at the Bank of Japan tussled over the decision to adopt negative interest rates, according to the official summary released Monday.
| By: Leslie Shaffer
Nikkei falls to 2-week low following Wall St drops *Volume likely to be subdued with holidays in China. TOKYO, Feb 8- Japan's Nikkei share average fell to a more than a two-week low on Monday on concerns about weak earnings and after the U.S. jobs report failed to give clues on the Federal Reserve's monetary policy outlook. Trading volume is likely to be subdued with many regional markets in Asia closed for the Lunar...
| By: Ayai Tomisawa
Report: Ford to build auto plant in Mexico NEW YORK— Published reports are saying that Ford plans to build a new auto plant in Mexico, with plans to rev up production there. According to The Wall Street Journal, Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City. The move reflects how Mexico has become an attractive place for global carmakers.
Source: The Associated Press
GLOBAL ECONOMY WEEKAHEAD-U.S. retail sales and Yellen testimony in focus China, a focus of much of the recent market concern, released foreign reserves data on Sunday which showed the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows. The country's foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowest level since May 2012, central bank data showed. Federal Reserve Chair...
| By: Jonathan Cable