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Philippines awards $1.5 bln worth of T-bill, cash management bill offers

Following are the results of the Philippine Bureau of the Treasury's (BTr) auction of cash management and Treasury bills on Monday:BTr awards 90 billion Philippine pesos ($1.47 billion), within the 80-90 billion pesos offer, of which:($1 = 61.2140 Philippine pesos)

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Bonds
reuters

Chinese copper smelters baulk at spot-indexed ore pricing proposal

By Lewis Jackson, Amy Lv and Tom DalyChina's copper smelters are pushing back against a proposal from miner Antofagasta LSE:ANTO to link prices of raw material concentrate under term contracts to the spot market fearing the move will hit their already weak finances, industry sources say.Under their…

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Futures

Baidu chip IPO channels extreme AI frenzy

By Robyn MakKunlunxin may bag a $50 bln valuation, up 17-fold in months as semiconductor shortages continue, accounting for most of its top owner’s worth. The implied 25 times sales is akin to listed rivals. But the speed and disconnect highlight how the market is running uncomfortably hot.Full vie…

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ETFsStocksCN
NEWS reuters

China will lead both renewable energy and coal consumption: Russell

By Clyde RussellChina's latest five-year energy plan confirms two seemingly contradictory positions: it will continue to be the world's leader in both renewable energy and coal.The trick is to view China's plans to massively expand renewable power while keeping coal production and consumption aroun…

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Economy