Mazda shares drop on fundraising report

Note: This section contains information in English only.
Source: Marketwatch
Mazda Motor Corp. announced it will issue new shares worth JPY 100 billion to aid its business. Japanese auto manufacturer predicts large scale net loss valued at JPY 100 billion this year, marking the fourth negative year in a row as strong Yen harms company's vehicle exports. Additionally Mazda is planning increase debt by JPY 70 billion through loans from its biggest lenders. Mazda shares plunged 10% on the announcement. 
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Tue, 21 Feb 2012 07:56:21 GMT

China plans to increase export tax rebates in 2012

China may raise export tax rebates in 2012 in an attempt to stimulate its exports amid global economic instability. The decision will be made when time is appropriate and will be the first tax rebate increase in the last three years, said Zhong Shan, Deputy Minister of Commerce. The country will try to stick to its current foreign policies but

Tue, 21 Feb 2012 07:44:53 GMT

China's money market rate drops on reserve requirement cut

China's key money market rate declined on investor speculation the liquidity will advance after government's decision to lower reserve requirement ratios. Seven day repurchase costs, an indicator of capital availability, gave up 49 points to 4.88%. The repurchase rates are likely to diminish further, said Dariusz Kowalczyk, Credit Agricole CIB's strategist in Hong Kong. 

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