Wednesday, July 25, 2007

China, India, Indonesia, Philippines, Singapore: Asia Local Bond Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Asian local-currency bonds
today. Yields are from the previous session.

China: The nation will wait ``some time'' before raising
power prices, Cao Changqing, head of the National Development
and Reform Commission's pricing department, said yesterday.
Power utilities have asked the government to raise electricity
charges as costs climb, Xie Juchen, an official at State Grid
Corp., said yesterday. The government controls electricity
prices to limit their impact on inflation, which rose by the
most in 33 months in June.


Read more at Bloomberg Bonds News

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