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UPDATE 1-China banks' Dec net forex sales hit highest since Jan 2016 - FX regulator

(adds SAFE comment, details) BEIJING, Jan 19 Chinese banks' net sales of foreign currency rose in December to their highest since January 2016, the foreign exchange regulator said on Friday, indicating capital outflows remained strong as the yuan hit lows not seen in eight years. Commercial banks' net sales of foreign currency totalled $46.3 billion in December, compared with a net sale of $33.4 billion in November, the State Administration of Foreign Exchange (SAFE) sa

9:38pm EST

RPT-China commercial banks sell net $46.3 bln of forex in Dec - FX regulator

(Repeats to attach to alerts) BEIJING, Jan 19 China's commercial banks sold a net $46.3 billion of foreign exchange in December, compared with a net sale of $33.4 billion in November, the foreign exchange regulator said on Thursday. For the January to December period, net forex sales stood at $337.7 billion, the State Administration of Foreign Exchange said in a statement on its website.

9:28pm EST

S.Korea's KOSPO buys 145,000 T coal, seeks to buy 480,000 T for Feb-March

SEOUL, Jan 19 Korea Southern Power Co Ltd (KOSPO) bought 145,000 tonnes of coal and is seeking to buy another 480,000 tonnes of coal for shipping in February and March, a source from the utility said on Thursday. The utility purchased the coal from Indonesia via a tender closed on Wednesday, the source said. The tender to buy 480,000 tonnes of coal will close at 2 p.m. (0500 GMT) on Jan. 24, and other details of the purchase and the tender are as follows: --KOSPO'

9:02pm EST

Australia shares rise as CSL surges, materials gain; NZ flat

Jan 19 CSL Ltd drove gains in the Australian benchmark on Thursday, surging after it upgraded its annual profit guidance, while materials and financials also added to the uptrend.

9:00pm EST

Banks face talent crisis amid mounting costs of employee turnover -report

Jan 18 Despite recent changes at banks such as faster promotions intended to retain employees, many firms are still in danger of losing top talent, according to a new report.

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Berkshire Hathaway Inc $240,700.00 +0.64%
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