UPDATE 1-China's Jan-Sept coal imports at 120 mln T, up 1.9 pct

With last month’s data showing coal imports from January to August at 104.4 million tonnes, that would indicate import for the month of September was 15.6 million tonnes, down 5.97 percent from 16.59 million tonnes recorded in August and much lower than traders’ expectations of some 20 million tonnes.“Imports for September typically rise because buyers would rush to bring in shipments ahead of the week-long national holiday. If it was really 16 million tonnes, that would be pretty bearish for the market,” said a Singapore-based coal trader.“Looking ahead, imports for October could fall quite substantially because of the holidays and also because China’s import appetite had weakened in September."It is unclear if the customs agency had rounded down the Jan-Sept import figure and it does not typically provide a monthly figure for coal during the release of preliminary trade data.But using the 1.9 percent year-on-year increase provided by the Customs agency would indicate total imports for the first nine months of 2011 would be 124.18 million tonnes, which would bring the monthly number closer to traders’ expectations.The customs agency could not be reached for comment.

UPDATE 1-China's Wen pledges stable yuan to exporters-Xinhua

Wen pledged “a basically stable exchange rate” during a tour in the southern Chinese city of Guangzhou.On Friday, Wen called for joint efforts to combat rising trade protectionism in the world and said trade friction had been politicised, the official China Daily reported on Saturday.Speaking at the opening of the Canton Fair in Guangzhou, Wen called on countries to combat the looming international financial crisis by employing rational methods to handle trade friction.“The current challenge is that there is growing trade protectionism worldwide and more trade friction is politicized, which casts a large shadow over and hurts the global economic recovery,” Wen was quoted as saying by the newspaper.“China and the other nations should work hand-in-hand to open up markets to each other,” Wen said.The U.S. Treasury Department said on Friday it would delay until later this year a ruling on whether China is manipulating its currency as Democratic Party lawmakers tried to overcome Republican opposition to a bill that would punish Beijing for its currency policies.Beijing has already decried the U.S. legislation, which would let Washington slap countervailing duties on goods from nations deemed to subsidise exports by undervaluing their currencies, including China’s yuan, which many lawmakers say is held drastically low against the dollar.

UPDATE 1-China's lending, FX reserves growth slow

* Loans, M2 growth slow as Beijing keeps monetary policy tight (Adds details, quotes)By Langi Chiang and Koh Gui QingBEIJING, Oct 14 (Reuters) - China’s foreign exchange reserves grew at a surprisingly tepid clip last quarter to $3.2 trillion after the stockpile suffered a drop of nearly $61 billion in September on an outflow of speculative funds and a skidding euro.Data also showed China’s bank lending and money growth cooled more than forecast in September, suggesting Beijing kept monetary policy on a tight leash in the month to contain price pressures.“Particularly in September, there was a big drop in stock markets, global investors repatriated some money from emerging countries including China,” said Banny Lam. “But this is temporary."Although China’s ballooning reserves are often seen as a sign of its growing wealth, some analysts say they underscore Beijing’s problem of excess cash, which fuels price pressures.In a sign that inflation-wary Beijing kept monetary conditions tight in September, banks were shown to have lent 470 billion yuan ($73.6 billion) in yuan loans, lower than August’s 548.5 billion yuan.Money and loan growth take centre stage in China’s monetary policy as they are controlled by Beijing to manage inflation.The broad M2 measure of money supply, M2, rose 13 percent from a year ago, slowing further from 13.5 percent in August.That is the slowest pace since October 2001, and marked the sixth month in a row M2 growth came in below the government’s own target for 2011 of 16 percent.Economists had expected foreign exchange reserves to hit $3.305 trillion at the end of September and expected loan currency loans of 532.5 billion yuan and M2 growth of 13.8 percent.Lending and money growth have slowed steadily this year as the People’s Bank of China steered monetary conditions back to normal after unleashing an extraordinary surge in bank credit in 2009 to counter the global financial crisis.However, official lending data published by Beijing is not all encompassing.A thriving underground lending market that charges exorbitant rates has blossomed as lenders and borrowers look for ways to beat the rules and satiate firms’ thirst for cash.Data out on Friday showed annual inflation eased a shade in September to 6.1 percent from August’s 6.2 percent, but still within sight of three-year highs of 6.5 percent hit in July.Many analysts say elevated price pressures should deter Beijing from loosening policy reins anytime soon, although a slight relaxation including boosting lending to small firms is likely if push comes to shove.But any further policy tightening is also unlikely at this point. Data earlier this week showed China’s exports growth slowing to seven-month lows as Europe’s debt crisis chilled global demand.Since October 2010, Beijing has raised interest rates five times and banks’ reserve requirement ratios nine times. ($1 = 6.382 Chinese Yuan)

UPDATE 1-China's Citic Securities dips after $1.7bln HK debut

HONG KONG Oct 6 (Reuters) - Citic Securities Co Ltd, China’s largest listed brokerage, fell as much as 4.5 percent before recovering on its Hong Kong stock market debut on Thursday, after raising a less-than-expected $1.7 billion in its first listing outside the mainland. Citic Securities is among the few companies to successfully launch a stock offering in Hong Kong during the past months, with a long list of deals pulled or postponed due to the volatile markets. In early morning trade, Citic Securities shares were trading at HK$12.96 compared with the offer price of HK$13.30 each and recovering from the day’s low of HK$12.70. The company sold shares at the bottom of a revised price range of HK$13.30-$15.20 a share last week. While the shares held close to the offer price, they traded far below the broader market. The benchmark Hong Kong stock exchange index was up 4.4 percent in early trade. Citic Securities , already listed on Shanghai’s stock exchange, is part of China’s state-backed conglomerate Citic Group which was formed in 1979 as China’s first financial group. The Hong Kong listing comes at a time when global stock markets have plunged on concerns about European debt crisis, among other factors. The benchmark Hang Seng index tumbled to a 2-½ year low on Tuesday, falling eight of the past nine sessions, during which the index lost about 15 percent. Citic Securities is the biggest Hong Kong listing since the $2.5 billion initial public offering by luxury goods maker Prada in June. The offering is the first of nearly $35 billion in share sales in Hong Kong and China still planned in the coming months by financial companies, including Haitong Securities, New China Life and China Guangfa Bank. Investors have been on high alert and remain wary of equity markets because of lingering concerns over Europe’s debt troubles and fears of a slowdown in the U.S. and Chinese economies. Just last month, some $4.5 billion worth of deals were pulled in Hong Kong including Sany Heavy Industry and rival XCMG Construction Machinery Co Ltd , underscoring tepid investor appetite for IPOs Apart from Citic Securities, only five other companies including shoemaker Hongguo International Holding and tea company Tenfu Holdings sold stock in Hong Kong the past two weeks since offerings resumed after a two-month hiatus. The five offerings raised a total of $510 million. The slowdown in share sales the past months in Hong Kong, Singapore and other main markets in the region contributed to a 49 percent slump in Asia Pacific equity capital markets in the third quarter from a year earlier. Securities companies in China are forecast to post annual profit growth of nearly 20 percent between 2011 and 2013, buoyed by an increase in capital markets activity and new businesses such as margin financing and private equity investments, BOC International estimated. Citic Securities was the sole global coordinator of the offer, with a group of banks including BOC International, CCB International, Bank of America Merrill Lynch and Credit Agricole’s CLSA unit helping to underwrite the deal.

REFILE-UPDATE 1-China's Sinohydro rises 10 pct in Shanghai debut

* Sinohydro $2.1 bln IPO is biggest in mainland so far in 2011* Bodes well for upcoming major IPOsBy Soo Ai Peng and Samuel ShenSHANGHAI, Oct 18 (Reuters) - Shares of Chinese dam builder Sinohydro Group rose as much as 10 percent on their Shanghai debut on Tuesday, after it raised $2.1 billion in the mainland’s biggest IPO so far this year, boding well for future mega-IPOs.Shares in the builder of the Three Gorges Dam opened at 4.78 yuan and extended gains to as high as 4.95 yuan, compared with its IPO price of 4.50 yuan. Many analysts had expected the shares to hover around the IPO price on their first day of trading.“It shows that the market can still digest big IPOs and it’s a good sign for other mega IPOs in the pipeline,” said Chen Yi, an investment adviser with the sales department of Xiangcai Securities in Shanghai.The firm performance of Sinohydro shares also points to a slightly firmer outlook for the Shanghai stock market’s benchmark index . Beijing announced measures last week to bolster banking stocks and support small- and medium-sized enterprises (SMEs), helping trigger a rebound from two-and-half-year lows.China’s stock market, which has fallen 13 percent so far this year due to fears of an economic slowdown and the euro zone debt crisis, has forced many Chinese companies to postpone or downsize their IPOs. Weakness in the Hong Kong stock market has also pushed back some firms’ fundraising plans.In one of the most high-profile cases, Sany Heavy Industry Co last month postponed its plan to raise as much as $3.3 billion via a Hong Kong listing.Sinohydro braved the weaker market, but slashed the size of its IPO by a fifth in response to weak investor demand, pricing the offer at the bottom of an indicative range and raising 13.5 billion yuan ($2.1 billion) last month, compared with an original target of up to 17.3 billion yuan.Sinohydro’s encouraging debut performance bodes well for upcoming major IPOs, including those from China Communications Construction Co , Shaanxi Coal Industry and New China Life.China Communications Construction, the country’s biggest port builder, plans to raise 20 billion yuan in a Shanghai IPO, while coal miner Shaanxi Coal also plans to raise about 17.3 billion.Sinohydro, the builder of the Three Gorges Dam, the world’s largest hydropower project, has said it plans to use the IPO proceeds to upgrade its machinery, invest in some green energy projects and supplement working capital.China Securities Co and Bank of China International were lead underwriters for the offer. ($1 = 6.371 Chinese Yuan)

FIFA Women’s World Cup 2015 TV Schedule

Here is what I have, please feel free to message me if any of this is wrong. It isn’t complete so if you have any additional information, feel free to let me know and I’ll edit it.


Saturday 6/6

Canada vs China                        6pm ET     Fox Sports 1

New Zealand vs Netherlands     9pm ET     Fox Sports 2

Sunday 6/7

Norway vs Thailand                   1pm ET     Fox (local)

Germany vs Ivory Coast            4pm ET     Fox (local)

Monday 6/8

Sweden vs Nigeria                     4pm ET     Fox (local)

Cameroon vs Ecuador               7pm ET     Fox Sports 2

USA vs Australia                        7:30pm ET     Fox Sports 1

Japan vs Switzerland                10pm ET     Fox Sports 1

Tuesday 6/9

France vs England                    1pm ET     Fox (local)

Spain vs Costa Rica                  4pm ET     Fox Sports 1

Colombia vs Mexico                  4pm ET     Fox (local)

Brazil vs Korea                          7pm ET     Fox Sports 1

Thursday 6/11

Germany vs Norway                  4pm ET     Fox Sports 1

China vs Netherlands                6pm ET     Fox Sports 2

Ivory Coast vs Thailand             7pm ET     Fox Sports 1

Canada vs New Zealand           9pm ET     Fox Sports 1

Friday 6/12

Australia vs Nigeria                   5pm ET     Fox Sports 1

Switzerland vs Ecuador            7pm ET     Fox Sports 1

USA vs Sweden                        8pm ET     Fox (local)

Japan vs Cameroon                 10pm ET     Fox Sports 1

Saturday 6/13

France vs Colombia                  1pm ET     Fox (local)

Brazil vs Spain                          4 pm ET     Fox Sports 1

England vs Mexico                    4pm ET     Fox (local)

Korea vs Costa Rica                 7pm ET     Fox Sports 2

Monday 6/15

Thailand vs Germany                4pm ET     Fox (local)

Ivory Coast vs Norway              4pm ET     Fox Sports 1

Netherlands vs Canada            7:30pm ET     Fox Sports 1

China vs New Zealand              7:30pm ET     Fox Sports 2

Tuesday 6/16

Ecuador vs Japan                      5pm ET     Fox Sports 1

Switzerland vs Cameroon          5pm ET     Fox Sports 2

Nigeria vs USA                           8pm ET     Fox (local)

Australia vs Sweden                   8pm ET     Fox Sports 1

Wednesday 6/17

Mexico vs France                       4pm ET     Fox (local)

England vs Colombia                 4pm ET     Fox Sports 1

Costa Rica vs Brazil                   7pm ET     Fox Sports 1

Korea vs Spain                           7pm ET     Fox Sports 2

Saturday 6/20 Round of 16

TBA vs TBA                               4pm ET     Fox Sports 1

TBA vs TBA                              7:30pm ET     Fox Sports 1

Sunday 6/21 Round of 16

TBA vs TBA                              1pm ET     Fox Sports 1

TBA vs TBA                             4pm ET     Fox Sports 1

TBA vs TBA                             7:30pm ET     Fox Sports 1

Monday 6/22 Round of 16

TBA vs TBA                             5pm ET     Fox Sports 1

TBA vs TBA                             8pm ET     Fox Sports 1

Tuesday 6/23 Round of 16

TBA vs TBA                            10pm ET     Fox Sports 1


TBA vs TBA                           4pm ET     Fox (local)

TBA vs TBA                           7:30pm ET     Fox (local)

Saturday 6/27 QUARTERFINAL

TBA vs TBA                           4pm ET     Fox Sports 1

TBA vs TBA                           7:30pm ET     Fox Sports 1

Tuesday 6/30 SEMIFINAL

TBA vs TBA                           7pm ET     Fox (local)

Wednesday 7/1 SEMIFINAL

TBA vs TBA                           7pm ET     Fox Sports 1


TBA vs TBA                            4pm ET     Fox (local)

Sunday 7/5 WWC 2015 FINAL

TBA vs TBA                            7pm ET     Fox (local)