Asian shares, Euro rise on hopes of US “cliff” deal, BOJ easing

Published : 12:00 am  December 20, 2012  |  Category: International  |  Leave a Comment  |  243 views  |  
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SINGAPORE (Reuters): Asian shares and the euro rose to multi-month highs on Wednesday as expectations of more aggressive monetary stimulus from the Bank of Japan and signs of progress in resolving the U.S. “fiscal cliff” budget crisis lifted demand for riskier assets.  Read More →


South Korea’s Park seen winning presidential race

Published : 12:00 am  December 20, 2012  |  Category: International  |  Leave a Comment  |  288 views  |  
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SEOUL (Reuters) – The daughter of a former military ruler led the count of votes in South Korea’s presidential election on Wednesday, putting her on track to become its first woman head of state although her narrow advantage meant the race was set to go to the wire.  Read More →


Fiscal cliff hopes lift Asian shares, other risk assets

Published : 2:21 am  December 19, 2012  |  Category: International  |  Leave a Comment  |  307 views  |  
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Reuters: Asian shares and other risk assets rose on Tuesday as signs of compromise sparked new optimism that the US ‘fiscal cliff’ budget tussle could be settled before tax hikes and spending cuts begin to bite early next year. Differences over how to resolve the fiscal cliff narrowed significantly Monday night as President Barack Obama made a counter-offer to Republicans that included a major change in position on tax hikes for the wealthy, according to a source familiar with the talks.  Read More →


External risks impede China recovery, more easing seen

Published : 2:19 am  December 19, 2012  |  Category: International  |  Leave a Comment  |  370 views  |  
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Reuters: China’s burgeoning economic recovery may need central bank easing to spur it along next year, as foreign investors scale back spending commitments in the face of a gloomy external outlook that clouds prospects for the world’s biggest exporter. The People’s Bank of China’s (PBOC) fourth quarter survey of economic expectations, published on Tuesday, saw a jump in the number of bankers anticipating monetary easing in Q1 2013, even as recent hard data shows a mild rebound taking hold in Q4.  Read More →


GMR seeks over $800m; Maldives insists on forensic audit

Published : 2:18 am  December 19, 2012  |  Category: International  |  Leave a Comment  |  458 views  |  
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MALE (The Hindu): Indian infrastructure firm GMR will seek a compensation of over US$ 800 million from Maldives for the termination of its airport deal here but Male is insisting on a ‘forensic audit’ as it feels the actual amount would be less than half. “We have sent a letter to the Maldivian Government indicating a number of more than US$ 800 million as compensation amount. This is our initial estimate. The final figure would be based upon various calculations, loss of profit among others,” GMR (Airports) CFO Sidharath Kapur said.  Read More →


Japan’s next PM Abe must deliver on economy, cope with China

Published : 12:00 am  December 18, 2012  |  Category: International  |  Leave a Comment  |  244 views  |  
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Reuters: Conservative ex-premier Shinzo Abe got a second chance to lead Japan after his party surged back to power in Sunday’s election and faces pressure to move swiftly to bolster a sagging economy and manage strained ties with China.  Read More →


Asian shares ease

Published : 12:00 am  December 18, 2012  |  Category: International  |  Leave a Comment  |  291 views  |  
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Reuters: The Liberal Democratic Party of Japan’s electoral triumph propelled the Yen to a 20-month low against the Dollar that saw the Nikkei stock average touch a 8-1/2-month high on expectations of much better export earnings.  Read More →


India lowers growth forecast

Published : 12:00 am  December 18, 2012  |  Category: International  |  Leave a Comment  |  238 views  |  
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Reuters: India said uncertainty over stake sales in state-run companies and soaring subsidies pose a challenge to reducing the fiscal deficit, which is the widest among big emerging economies and has put in peril the country’s investment grade credit rating.  Read More →


Weak US exports, imports signal tepid economic growth

Published : 12:00 am  December 17, 2012  |  Category: International  |  Leave a Comment  |  511 views  |  
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WASHINGTON (Reuters): The US trade deficit widened in October as exports suffered the biggest drop in nearly four years, indicating slowing global demand was spilling over into the already struggling US economy. The Commerce Department said on Tuesday the trade gap increased 4.9% to $ 42.2 billion. In a sign of weak domestic demand, imports hit the lowest level in 1-1/2 years. “The report tells a tale of weakening economic growth momentum both domestically and globally,” said Millan Mulraine, a senior economist at TD Securities in New York.  Read More →


India, Pakistan seal accord to ease visa restrictions

Published : 12:00 am  December 17, 2012  |  Category: International  |  Leave a Comment  |  256 views  |  

Reuters: India and Pakistan sealed an agreement to ease tough visa restrictions for travellers on Friday as the nuclear-armed neighbours move slowly to rebuild relations that soured in 2008 when Pakistani militants attacked India’s financial capital. The accord was signed by India’s home minister and his Pakistani counterpart, weeks before the two cricket-loving nations play their first series in India since the attacks that killed 166 people.  Read More →


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