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January 9, 2013
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  Top Stories 
  • Quick action is now expected from Bank of Japan
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    A boost in the Bank of Japan's $1 trillion asset buying and lending program is probably in store this month, sources say, as the central bank steps up efforts in parallel with the new government to pry the country out of deflation. The BOJ is expected double its inflation target in a situation complicated by weak price trends in Japan and a "highly uncertain" outlook for overseas economies, one of the sources said. Reuters (1/8) LinkedInFacebookTwitterEmail this Story

  • Eurozone businesses are more upbeat, but joblessness rises again
    Although eurozone business confidence continued to improve in December, unemployment climbed to a record 11.8% amid subdued holiday spending. "A growing number of businesses are beginning to see light at the end of the tunnel, but consumers remain very gloomy," observed Martin Van Vliet, an economist at ING in Amsterdam. Van Vliet and others see the region's economy remaining mired in 2013, with little hope of recovery in consumer spending. Reuters (1/8) LinkedInFacebookTwitterEmail this Story
  • German economy might have contracted in 4th quarter, data indicate
    Declines in German imports and exports in November as well as industrial orders added to evidence that the final quarter of 2012 might have been a period of contraction for the leading eurozone economy. If so, the generally favorable outlook for 2013 might be tempered by a slow start. Reuters (1/8) LinkedInFacebookTwitterEmail this Story
  • Sources report Lew is likely choice for next U.S. Treasury chief
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    The successor to U.S. Treasury Secretary Timothy Geithner might be the current White House chief of staff, Jack Lew, sources say. Lew is said to have helped supervise White House strategy during recent budget negotiations while keeping Wall Street executives up to date. Bloomberg (1/8) LinkedInFacebookTwitterEmail this Story

  • AIG may contest terms of U.S. bailout
    American International Group directors this week are to consider whether to join a lawsuit against the federal government in connection with the 2008-09 Wall Street bailouts, in which AIG was one of the biggest recipients. The $25 billion suit maintains that terms accompanying the aid were too burdensome. The Wall Street Journal (1/8) LinkedInFacebookTwitterEmail this Story
Live broadcast from the India Investment Conference
10 January 2013, 8:00 pm PST. Convert time zone here.

Investing in the New Financial Order
Mr. Roger Urwin
Global Head of Investment Content, Towers Watson
Topics: New normal, new practices, and new "isms" in the future of finance and the financial ecosystem. Learn more.
  Market Activities 
    European investors noted a decline in German exports, and investors on both sides of the Atlantic struck a note of caution Tuesday before a string of U.S. corporate earnings reports. The Stoxx Europe 600 edged down 0.13% to 286.25, and the S&P ended the day 0.32% lower at 1,457.15. Here is a continuously updated list of global stock indexes. The Wall Street Journal (1/9) , Bloomberg Businessweek (1/8) , CNNMoney (1/8) LinkedInFacebookTwitterEmail this Story
  • Asia shares decline
    Preparing for coming U.S. corporate earnings reports and cuing off Monday's decline on Wall Street, investors across Asia sold Tuesday to secure profits after recent run-ups. The Nikkei fell 0.86% to 10,508.06, the Hang Seng dropped 0.94% to 23,111.19, the Kospi lost 0.66% to 1,997.94, and the S&P/ASX was off 0.57% to 4,690.20. MarketWatch (1/8) LinkedInFacebookTwitterEmail this Story
Live Webinar
Meeting the Global Challenge of Funding Retirement: A Case Study of Financial Engineering in the Design and Implementation of a "Next-Generation" Solution
Featuring Nobel laureate Robert C. Merton
Thursday, 10 January 2013
9:00 a.m. GMT (London)
5:00 p.m. HKT (Hong Kong)
  Economic Trends & Outlook 
  • India isn't alarmed as Fitch affirms negative outlook
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    Fitch Ratings now says India's fiscal situation is more worrying than economic factors as it maintains its negative outlook for the country's sovereign rating. In response, Department of Economic Affairs Secretary Arvind Mayaram said there was no reason to worry, adding that "we have been saying we are on right track, but people still distrust us and ask whether we will able to achieve fiscal deficit target. ... We will adhere to fiscal consolidation roadmap." The Wall Street Journal (1/8) , The Hindu (India)/Press Trust of India (1/8) LinkedInFacebookTwitterEmail this Story

  • Fears of China debt risk grow as official lending figures drop
    China's bank loans last month were probably down 14% from a year before, a development that analysts believe may point to growing dangers posed by credit risk from alternative lending. One problem is that the lending data available appear less capable of yielding a true picture of the overall debt situation in China. Bloomberg (1/8) LinkedInFacebookTwitterEmail this Story

  Capital Markets & Financial Products 
  • China grants additional RQFII quotas to 2 houses
    China has selected the Hong Kong arms of China Asset Management and E Fund Management to be granted an additional quota of 800 million yuan each for their Renminbi Qualified Foreign Institutional Investor fixed-income products. This raises their totals to 2 billion and 1.9 billion yuan, respectively. (1/8) LinkedInFacebookTwitterEmail this Story
  • More active China mainland IPO market is seen
    China's mainland IPO market is expected to show new life this year, with perhaps 200 listings raising 130 billion yuan, up from 155 listings in 2012, predicts PricewaterhouseCoopers. Noting about 830 enterprises waiting to list on the Shanghai and Shenzhen markets, PwC China and Hong Kong managing partner Frank Lyn said, "These enterprises point toward an active IPO market in 2013, but their fundraising plans are subject to economic and political trends and market confidence." Shanghai Securities News (1/8) LinkedInFacebookTwitterEmail this Story
  • Short-sale volumes to be posted by Singapore Exchange
    Daily short-sale volumes for every counter will be on tap from the Singapore Exchange beginning in March. The transparency move, which will involve tagging as a short any sale in which the seller does not own the shares, "will enable investors to make better-informed investment decisions," the exchange said. The Business Times (Singapore) (1/8) LinkedInFacebookTwitterEmail this Story
  Industry & Regulatory Update 
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