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January 22, 2013
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  Top Stories 
  • Economists see moderate growth for China as inflation picks up
    Despite encouraging signs in late 2012, think tank economists project China's 2013 growth will be in line with last year's as inflation heats up, climbing perhaps as high as 4%. "We should not be too optimistic about the economic situation in 2013, although growth rebounded in the final quarter last year to 7.9% from the 14-quarter low of 7.4% during July to September," said Yu Bin, the director of macroeconomic research at the Development Research Center of the State Council. (China) (1/21) LinkedInFacebookTwitterEmail this Story
  • Roubini: Greek eurozone exit still a possibility
    Although a Greek eurozone exit appears less likely than it did a year ago thanks to timely political action, the probability remains, said economist Nouriel Roubini. "Politics don't trump everything. It's a factor, but it's not as if it overrides everything else," Roubini said. Separately, the European Central Bank's recent agreement to again accept the country's debt as collateral has led to an increase in the ECB's funding to Greek lenders. The Telegraph (London) (tiered subscription model) (1/21) , Reuters (1/21) , Bloomberg (1/20) LinkedInFacebookTwitterEmail this Story
  • U.K. triple-dip recession outlook deepens amid winter onslaught
    The prospect of an unprecedented triple-dip recession in the U.K. increased as snow and ice blanketed the country for a fourth day, crimping what was already a sputtering economy. "At a time when retailers are already under pressure, bad weather which keeps people from going shopping is very bad news," said Richard Dodd of the British Retail Consortium. Reuters (1/21) LinkedInFacebookTwitterEmail this Story
Retail Investment Funds Reporting in Asia Pacific: What Investors Should Know
CFA Institute report looks at existing regulations, disclosures, and periodic reporting requirements for retail investment funds across six Asia-Pacific countries.
  Reader Survey 
  • Is Germany's repatriation of its gold reserves:
A sign of declining trust among nations?
A sign of Germany preparing for systemic events with the fiat currency systems?
A sign of growing German independence within the eurozone?
A sign of the German government bowing to public pressure to repatriate its gold?

  Market Activities 
    Investors took heart Monday as European finance ministers gathered in Brussels to discuss the next steps in the debt crisis. The Stoxx Europe 600 closed 0.26% higher at 287.78. U.S. markets were closed for a holiday. Here is a continuously updated list of global stock indexes. The Wall Street Journal (1/22) , Bloomberg Businessweek (1/21) LinkedInFacebookTwitterEmail this Story
  • Asian shares slip as Japanese stocks dive
    Amid a conviction that the recent runup has run its course, Asian markets paused and declined Monday, although Japanese shares took a larger hit as the yen gained on the U.S. dollar. The Nikkei fell 1.52% to 10,747.74 and the Hang Seng and Kospi were both marginally lower with identical 0.05% losses, to 23,590.91 and 1,986.86, respectively, while the S&P/ASX edged up 0.13% to 4,777.50. Bloomberg Businessweek (1/21) LinkedInFacebookTwitterEmail this Story
  Economic Trends & Outlook 
  • China's central bank refines its liquidity management
    China's central bank appears to be edging toward more refined methods of addressing liquidity in the country's banking system. A recent move involving more short-term cash injections and withdrawals is considered one step nearer methods currently used by other central banks around the world. The Wall Street Journal (1/21) LinkedInFacebookTwitterEmail this Story
  • India moves to trim current-account deficit with gold tax
    India is once again looking to narrow its current-account deficit with a boost in the import tax on gold, the second such measure in 10 months. The yellow metal's huge popularity in India as an investment vehicle has also weighed heavily on the nation's currency, which slid 3% against the U.S. dollar last year. The Wall Street Journal (1/21) LinkedInFacebookTwitterEmail this Story
  • Taiwan export orders climb again, reflecting China rebound
    The fourth-quarter rebound in China's economy lent strength to Taiwan's export market in December, with orders up for the fourth month in a row. "Taiwan will benefit from the recovery of China and the U.S. consumer market. The electronics industry remains very resilient," said Raymond Yeung, a Hong Kong-based senior economist at Australia & New Zealand Banking Group. Bloomberg Businessweek (1/21) LinkedInFacebookTwitterEmail this Story
  • Durable Australian economy in line for another good year
    Australia's economy looks set to prosper again in 2013, fueled in part by a resurgent Chinese economy, analysts say. One key factor is Australia's low inflation rate, which allows scope for the central bank to intervene if the economy should develop signs of weakness later in the year. (China) (1/21) LinkedInFacebookTwitterEmail this Story
  Capital Markets & Financial Products 
  • China looks abroad to lift mainland markets
    With a dearth of investors domestically, China is reaching out to foreigners with fresh batches of Qualified Domestic Institutional Investor quotas. And they're getting a warm reception, as investors see opportunities in an undervalued market. Meanwhile, a poll of Chinese securities brokerages finds an upbeat mood for the near term, with expectations of an improving economy and rising investor confidence. China Daily (Beijing)/Xinhuanet (1/21) , The Wall Street Journal (1/20) LinkedInFacebookTwitterEmail this Story
  • South Korea's stock market lagging in 2013
    It's early in the year, but South Korea's stock market is lagging behind others globally as foreigners become net sellers. "While Asian countries are still experiencing inflows of foreign capital, such funds are not heading to South Korea," said Lee Dae-sang, a researcher at Daeshin Securities. Recent sales may have been sparked by a technical factor as U.S. fund manager Vanguard Group switched the index provider for its funds from Morgan Stanley Capital Investment to the Financial Times Stock Exchange, which does not include South Korea in its benchmark portfolio. Yonhap News Agency (South Korea) (1/21) LinkedInFacebookTwitterEmail this Story
  Industry & Regulatory Update 
  • Korea Teachers Pension Fund taps 2 U.S. PE funds
    Two U.S.-based private equity funds -- Hamilton Lane of Philadelphia and Paul Capital of San Francisco -- have been selected by the Korea Teachers Pension Fund to invest $30 million each. The move is part of the $11.2 billion KTPF's plan to raise its global private equity exposure to 15% of its overall PE portfolio by 2018. (1/21) LinkedInFacebookTwitterEmail this Story
  People & Personalities 
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