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28 December 2012
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News on the global financial markets

  Morning Bell 
  • ECB maintains vow that bond buying comes with conditions
    European Central Bank Governing Council member Luc Coene said Thursday that it will maintain its bond-buying conditions. The ECB will only buy possibly limitless amounts of bonds if a member nation applies to the euro-zone bailout fund. Reuters (27 Dec.) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Euro zone looks to an unsettled new year
    European Central Bank President Mario Draghi succeeded in taming the worst expectations over the euro-zone crisis in 2012, but prospects for the new year are less bright unless rising unemployment, already at a record high, can be addressed. Meanwhile, Spain's minister of economy and competitiveness confirmed his country's refusal to seek ECB aid, with all its accompanying strictures, for now. The Wall Street Journal (26 Dec.), (China) (27 Dec.) LinkedInFacebookTwitterEmail this Story
  Regulatory Roundup 
  • Weakening of Japanese yen may force others down the same path
    Japan's decision to endorse weakening its currency may pressure other countries in Asia and Latin America to follow suit. With nations already struggling to keep their currencies from becoming too strong in the face of looser American and European monetary policy, they may feel the need to also loosen monetary policy to keep their exports competitive. The Wall Street Journal (27 Dec.) LinkedInFacebookTwitterEmail this Story
  Spotlight on China 
  • China bankers confident on asset quality heading into 2013
    Although China's bankers express caution about some sectors -- including real estate, local government and small businesses -- they're generally optimistic about future asset quality, according to a survey by the China Banking Association and PricewaterhouseCoopers. They also expect nonperforming loans to remain below 1% of the total for the next three years. China Daily (Beijing) (27 Dec.) LinkedInFacebookTwitterEmail this Story
  GFMA News 
No one has the right to be sorry for himself for a misfortune that strikes everyone."
--Marcus Tullius Cicero,
Roman philosopher and statesman

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