According to a report in Reuters, picking up on stories in the local press, the Indian government plans to allow international companies to bid in its forthcoming auctions for third generation mobile licenses. India currently allows foreign shareholding of up to 74 per cent in the telecoms sector.
“We want new international players to come to […]

U.S. government bonds held steady at lower levels on Wednesday after a solid auction of two-year Treasury notes.
After the auction, prices on two-year notes were down 2/32 on the day, yielding 4.64 percent. Prices on 10-year notes were down 5/32 to yield 4.65 percent. They were trading at similar levels just before the sale.

To better serve the investors, improve the price fixing efficiency of new shares on the 1st listing day and minimize the influence of order price limit on investors’ actual order prices, the Shanghai Stock Exchange (SSE) will, according to the market condition and the trading rules, amend some articles in the trading rules concerning price […]

Ocean Tomo Auctions — the auctions arm of Ocean Tomo, LLC, the leading Intellectual Capital Merchant Banc® firm – today announced the immediate availability of the IP Investment Summit and Live Auction 2007 (“IPILA 2007”) Catalogue. The Catalogue, accessible online at www.OceanTomoAuctions.com, provides essential information regarding the 600+ intellectual property assets to be offered for […]

Here are the major economic events scheduled in Japan on Tuesday. All times refer to GMT.
INDICATORS
(GMT) PERIOD FORECAST PREVIOUS
2350 Corporate Service […]

The Bank of Italy 6-month treasury bill (BOT) auction was 50.39 pct oversubscribed, while the yield rose from the previous auction.
The average compound price was 98.005, while the simple gross yield rose to 3.983 pct from 3.882 pct previously. The compound annual yield was 4.022 pct, up from 3.92 previously.
The Bank of Italy said it […]

Mexico plans to sell more radio spectrum by the end of 2008 than in the previous six years as the government pushes for increased competition in the communications industry, a regulatory official said.
Sales of licenses for mobile telephones, regional television and satellite communications are in line with President Felipe Calderon’s goal of sharpening competition in […]

Treasury prices were higher Monday, pressuring yields, as investors reacted positively to new details announced by the Treasury Department of its auctions of 2-year and 5-year notes later this week.
The benchmark 10-year Treasury note last was up 5/32 at 99-25/32 with a yield ($TNX :
46.52, -0.20, -0.4% ) of 4.652%.
The 30-year note was 8/32 higher […]

he ministry of finance through the State Bank of Pakistan (SBP) raised a total amount of Rs 16.412 billion including non-competitive bids against the sell of 3, 5, 10, 15, 20 and 30-years Pakistan Investment Bonds (PIBs) at slightly lower cut-off yields compared to the previous auction here on Saturday.
The SBP said it sold worth […]

A subsidiary of Russia’s state-run crude producer Rosneft has won the fifth auction for smaller assets of the now bankrupt oil company Yukos [RTS: YUKO], the country’s federal property fund said Wednesday.
Yukos, once Russia’s largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over the company’s tax […]