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January 14, 2013
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  Top Stories 

  • China's high figures for December exports are questioned
    Private market participants are calling into question China's officially reported 14.1% surge in exports for December. "China’s influence on the global economy has become bigger, so not only Chinese policy makers, but also business people and the rest of the world need better data. Unreliable data could have a negative impact on resource allocation and business planning," said Liu Li-gang, chief Greater China economist at ANZ in Hong Kong. The Taipei Times (Taiwan) (1/14) LinkedInFacebookTwitterEmail this Story
  • China's inflation heats up
    China's consumer price index was up 2.6% for all of 2012 and rose at a 2.5% rate in December, a seven-month high, according to the National Bureau of Statistics. The central bank, meanwhile, pledged to pursue a "prudent" course designed to tamp down inflation and promote reforms. Caijing Magazine online (1/11) , China Daily (Beijing) (1/12) LinkedInFacebookTwitterEmail this Story
  • U.N.: Slower growth in China, India might help spark global recession
    The economies of China, India, Brazil and others that had been bright spots in a lagging global economy are expected to slow this year, heightening the risk that the world economy will tip back into recession, according to a U.N. assessment. The slackening performance of previously robust developing economies will add to the downward pressure already being exerted by the weak economies of the U.S. and Europe. The Korea Times (Seoul) (1/13) LinkedInFacebookTwitterEmail this Story
  • Japan's PM seeks like-minded central bank chief
    Reinforcing his aggressive message for the Japanese economy, Prime Minister Shinzo Abe says the next head of the Bank of Japan will be a "bold policy leader." "We are thinking hard about fiscal discipline as we form the next fiscal year’s budget. Still, the economy isn’t going to change unless we display a firm commitment to escape deflation at the same time," Abe said. Bloomberg Businessweek (1/13) LinkedInFacebookTwitterEmail this Story
  • Jamie Dimon may be publicly targeted in JPMorgan report, sources say
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    Dimon/Reuters
    Inadequate supervision by JPMorgan chief Jamie Dimon and others are cited in an internal report the bank is weighing whether to release to the public this week, sources say. Dimon would be faulted in the loss of $6.2 billion by the trader nicknamed the London Whale. Bloomberg (1/12) LinkedInFacebookTwitterEmail this Story

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  Market Activities 
  • INTERNATIONAL MARKETS OVERVIEW
    In Europe on Friday, investors focused on overseas developments, including disappointing inflation figures in China and trade figures in the U.S. Shares eased, with the Stoxx Europe 600 edging down 0.13% to 287.08. On the other side of the Atlantic, shares were unchanged with the S&P 500 at 1,472.05 as investors contemplated corporate earnings reports and new economic data. The Wall Street Journal (1/14) , Bloomberg (1/11) , CNNMoney (1/13) LinkedInFacebookTwitterEmail this Story
  • Asian markets end lower for the week
    Asian stocks mostly declined last week, finishing the week on a down note Friday as a higher-than-expected Chinese inflation rate weighed on markets. One exception was Japan, where a further drop in the yen buoyed shares. The Nikkei surged 1.40% to 10,801.57 as the Hang Seng eased 0.39% to 23,264.07, the Kospi fell 0.50% to 1,996.67 and the S&P/ASX lost 0.29% to 4,709.50. International Business Times (1/13) , MarketWatch (1/11) LinkedInFacebookTwitterEmail this Story
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  Economic Trends & Outlook 
  • Indian industry group sees economic warning signs
    Citing India's 1991 economic crisis as a cautionary signpost, the industry organization Assocham said the nation's economy is being hemmed in on several sides, raising the possibility of a deteriorating fiscal condition. "With little room available for taking counter-cyclical fiscal measures, India’s faltering growth coupled with unresponsive inflation can push the country’s economy to a precarious situation," Assocham said. The Hindu (India)/Press Trust of India (1/13) LinkedInFacebookTwitterEmail this Story
  • India clears 14 new FDI proposals
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    Reuters
    The Indian government has approved 14 major new proposals for foreign direct investment. Six other proposals were deferred by the Foreign Investment Promotion Board, and three were rejected The Hindu (India) (1/11) LinkedInFacebookTwitterEmail this Story

  • Australia's Swan sees global hope in China stabilization
    An upturn in China is one reason among a number that bode well for the world economy this year, according to Australian Treasurer Wayne Swan. "One cause of optimism is recent evidence that China’s economy appears to be stabilizing after economic conditions moderated in 2012," Swan said ahead of a visit to Hong Kong. In China, meanwhile, the General Chamber of Commerce forecast sharper gains in retail sales this year than last. Bloomberg Businessweek (1/13) , Xinhuanet.com (China) (1/11) LinkedInFacebookTwitterEmail this Story

  • Philippine growth outlook brightens
    Strong private-sector investment, encouraging employment numbers and overall growth in production capacity with a tame inflation outlook combine in a favorable growth scenario for the Philippine economy this year, central bank Assistant Governor Cyd N. Tuaño-Amador said in an interview. "The potential growth of the economy is slowly changing, slowly rising from the old path of 4.75% to 5%," she said. Business World (Philippines) (1/13) LinkedInFacebookTwitterEmail this Story
  • Deutsche Bank is bullish on China, Southeast Asia, with caveats
    Deutsche Bank is even more bullish on China this year than last, though some of that optimism is tempered by concerns over the banking system and largely unregulated wealth management funds, says Deutsche's Michael Spencer. Elsewhere in Asia, the Southeast Asian nations minus Singapore are likely to maintain strong growth in 2013, although Indonesia is worrisome because of overstimulation by the central bank and high inflation. The Wall Street Journal (1/11) LinkedInFacebookTwitterEmail this Story
  Capital Markets & Financial Products 
  • China prepares for trial overseas-investment program
    Individual Chinese will be permitted to invest in overseas capital markets under a trial program Beijing is preparing as part of plans to expand the role of the country's currency globally. The People's Bank of China rates the so-called QDII2 program as one of its top priorities for the new year. Bloomberg (1/11) LinkedInFacebookTwitterEmail this Story
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