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October 30, 2012
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Daily news for the equipment finance sector

  Industry News 
  • Sandy won't alter Q4 GDP, economists say
    Damage and disruption caused by superstorm Sandy probably won't have significant effect on U.S. economic growth this quarter because natural disasters tend to slow economic activity, then stimulate it, economists said. "We expect any lost output this week from Hurricane Sandy will be made up in subsequent weeks, minimizing the effect on fourth quarter [gross domestic product]," Moody's Analytics senior economist Ryan Sweet wrote in a research note. The Washington Post/Wonkblog (10/29) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • World is becoming more business friendly, study finds
    Governments are eliminating rules that unreasonably block people from starting businesses, and in turn are making genuine progress in fighting corruption, according a study by the World Bank and International Finance. Oppressive regulation encourages corruption and suppresses growth, according to The Economist. "Unlike bail-outs, cutting rules comes cheap," the magazine notes. The Economist (10/27) LinkedInFacebookTwitterEmail this Story
  • Singapore's status is rising for U.S. investment
    Singapore is expected to solidify its status as a leading destination for U.S. direct investment as U.S. companies increase the foreign proportion of profit they invest abroad, primarily in holding companies. With $116.62 billion in book value as of last year, Singapore was second only to Australia in pulling in such U.S. investment across Asia-Pacific. The Business Times (Singapore) (10/29) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • G-20 is asked to hold U.S. and EU accountable on Basel III
    With the U.S. and the EU home to 23 of 29 banks regarded as systemically important, global regulators called on Group of 20 nations to demand the reason Washington and Brussels have seen fit to dilute key parts of Basel III rules. The Basel Committee on Banking Supervision emphasized a need for consistent implementation worldwide in substance and according to an agreed timetable. The committee also said it will look into different ways banks calculate risk. Bloomberg (10/29), Reuters (10/29), The Wall Street Journal (10/29) LinkedInFacebookTwitterEmail this Story
  • SEC needs more time to review Nasdaq's Facebook proposal
    The Securities and Exchange Commission said on its website that it will take more time to decide whether to approve Nasdaq OMX Group's proposal regarding compensation for losses that companies sustained during Facebook's initial public offering. The SEC is reviewing "legal and policy issues" stemming from the proposal, which some major banks have said is inadequate. The Wall Street Journal (10/29) LinkedInFacebookTwitterEmail this Story
  • Australian central bank quietly suppresses currency gains
    Though not intervening aggressively in currency markets to tamp down the Australian dollar, the Reserve Bank of Australia has quietly built a large reserve of foreign currency, somewhat creating the same effect. "This can be viewed as a covert and passive intervention in the Australian dollar of modest proportions but nevertheless is a clear signal of a change in the [central bank's] view and intentions," said Andrew Salter, a foreign exchange strategist at Australia and New Zealand Banking Group. The Sydney Morning Herald (Australia) (10/29) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • What are the most leased asset types?
    Transportation, computer and agricultural equipment were the top three equipment types leased and financed in 2011, according to the 2012 Survey of Equipment Finance Activity. The top three equipment types made up more than 50% of transactions reported by ELFA members responding to the SEFA. See the full picture for more than 25 end-user industries and equipment types, and get comprehensive performance metrics for 109 equipment-leasing and -finance companies -- by volume size, organization type, market segment and business model -- in the SEFA. To download a free summary or order the full report, go to LinkedInFacebookTwitterEmail this Story
  • Be your best from your desk: 50% discount on ELFA Academy online courses!
    Learning has never been easier or more affordable! Sign up for Fundamentals of Equipment Leasing and Finance, Financial Statement Analysis OR Should You Do the Deal: Case Studies in Equipment Leasing and Finance and receive half-off registration!

    Visit the ELFA Academy. To receive the discount on the Fundamentals course, enter discount code ELFAPROMO11. To receive the discount on the Financial Statement Analysis or the Should You Do the Deal course, enter discount code ELFACREDIT.

    For questions, contact Alexa Carnibella at or (202) 238-3416. LinkedInFacebookTwitterEmail this Story
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