Coutts & Co. is adding gold for investors as rising wealth in China and increasing political risks including in Ukraine spur demand, helping prices rally from the biggest annual decline in more than three decades.
United Overseas Bank Ltd., Singapore’s third-largest lender, is planning a sale of dollar- denominated bonds as Asia’s investment-grade issuers pay the least for debt in the U.S currency in almost three years.
Investors are the most bearish on Australian stocks since 2007 after last month’s rally pushed up valuations by the most since April and the central bank signaled a reluctance to add stimulus to the economy.
Bank of Tokyo-Mitsubishi UFJ Ltd. sold $1.85 billion of three-year bonds yesterday, as investors in Asia demand more shorter-dated debt amid speculation the Federal Reserve may raise interest rates in coming years.
Gold traders are setting their sights on $1,400 an ounce, a price not reached since September, as the worst standoff between the West and Russia since the end of the Cold War increases demand for the metal as a haven.
Qantas Airways Ltd.’s bid for government aid suffered a blow as Australian Prime Minister Tony Abbott ruled out guaranteeing its debt and instead proposed allowing more foreign investment in the airline.