| July 2013 August 2013 |
World Banks News 10Jan2012-01July2013
Fastfact 14 August 2013
Asia BanksSingapore's Economy Grows 3.8 Pct Y-O-Y In Second Quarter(Bernama)
India To Contain CAD At 3.7 Per Cent, US$70 Billion(Bernama)
World Banks
Barclays ponders sale of UAE retail business (The Star Online)
Britain's inflation edges down in July, signs emerge of price pressures in property market (The Star Online)
Moderate growth boost to US economy (The Star Online)
Fastfact 07 August 2013
Asia BanksAsian exports drop despite US recovery(Business Times)
Ex-IMF economist picked to head Reserve Bank of India(BBC News)
India Appoints Chief Economist As RBI Governor(Bernama)
India Lantik Ketua Ekonomi Sebagai Gabenor RBI(Bernama)
Growth of China trust assets slows(Business Times)
'China's services sector sees modest expansion'(Business Times)
China's regulator vows better monitoring of capital flows(Xinhuanet)
China central bank continues liquidity injection(Xinhuanet)
Companies See Profit Surge In Key Sectors - China(Bernama)
Hang Seng makes record profit for H1 (Business Times)
Japan's key economic gauge dips in June for 1st time in 7 months(Xinhuanet)
'Stick to sales tax hike'(Business Times)
Australia records 5th consecutive monthly trade surplus(Xinhuanet)
Australian central bank cuts rates to new low of 2.5pc(Business Times)
World Banks
IMF chief urges better global policy coordination, tailored reforms(Xinhuanet)
Eurozone business grows(Business Times)
Further cuts an option, says ECB(Business Times)
Bank of England set to unveil 'forward guidance'(BBC News)
Barclays adds 9 banks to work on its share sale(Business Times)
UK 'bad bank' repays STG1.9b in first six months of year(Business Times)
Ex-RBS man impersonates bond salesman after redundancy(BBC News)
StanChart H1 profit slips 16pc on S. Korean hit (Business Times)
Positive figures shows improvement of British economy(Xinhuanet)
Spanish economy to grow 0.1 pct in Q3: BBVA bank(Xinhuanet)
HSBC says half-year net profit up 22%(The Malaysian Insider)
HSBC closes accounts of foreign diplomats in Britain(Business Times)
US trade deficit narrows to $34.2bn in June(BBC News)
US government sues Bank of America over mortgage securities(BBC News)
Fastfact 05 August 2013
Asia BanksIndonesia's Q2 growth slows(Business Times)
Indonesian growth below 6% on lower exports (The Star Online)
Indonesia bank deal failure may deter investors (The Star Online)
DBS-Danamon deal failure may deter foreign investors(Business Times)
Collapse of DBS-Bank Danamon deal shows regional expansion not that easy (The Star Online)
China Turf War Over Yuan Reform Rattles Foreign Firms (The Star Online)
China’s fine, Malaysia not vulnerable to Chinese slowdown(The Star Online)
S.Korea's foreign reserves hit new high in July(Xinhuanet)
World Banks
More consumers believe UK economy will improve - survey(BBC News)
'Havoc' as HSBC prepares to close diplomatic accounts(BBC News)
New RBS chief Ross McEwan to receive no bonus this year or next(BBC News)
Record US$40.3bil Inflow Into U.S. Equity Funds In July (The Star Online)
Fastfact 04 August 2013
Asia BanksOCBC profit misses estimates(Business Times)
Indonesia bank deal failure may deter investors, says analysts(The Malaysian Insider)
Indonesian growth slips below 6pc in last quarter(Business Times)
Indonesian growth slowest since 2010(The Malaysian Insider)
Vietnam's FDI hit nearly 12 bln USD in Jan.-July(Xinhuanet)
Japan growth may slow after sales tax hike(Business Times)
Beijing Seven-Month Land Sales Revenue Up 265 Pct(Bernama)
Australia plan to tax bank deposits(The Malaysian Insider)
Australia unveils levy on bank deposits(BBC News)
Australia plans to slap levy on bank deposits(Business Times)
World Banks
Global economy prospects downgraded: NIESR(Xinhuanet)
IMF chief urges better global policy coordination, tailored reforms(Xinhuanet)
Lagarde upbeat Europe will meet Greece pledge(Business Times)
New RBS boss tasked with restoring bank to health(The Malaysian Insider)
Bank of Ireland says four-year crisis is over(Business Times)
New RBS chief Ross McEwan to receive no bonus this year or next(BBC News)
US urged to ease exports ban(Xinhuanet)
Obama urges efforts to strengthen middle class, economic growth(Xinhuanet)
Fastfact 02 August 2013
Asia BanksEx-World Bank chief joins Temasek board(Business Times)
OCBC Q2 profit falls 8 pct, hit by poor result of insurance unit (The Star Online)
Singapore wealth fund GIC sees western banks healing, could invest more (The Star Online)
Indonesian inflation surges 8.61 pct in July(Xinhuanet)
Jakarta's July inflation surges(Business Times)
Indonesia’s high inflation a concern (The Star Online)
DBS less keen on M&A after Indonesia bank deal failure(The Sun Daily)
DBS less keen on M&As after Danamon bid flops(Business Times)
DBS drops deal of Indonesia's Bank Danamon(Xinhuanet)
Zardari asks U.S. to prepare plan for Pakistan's economic development(Xinhuanet)
ASEAN remains biggest trade partner for Guangxi(Xinhuanet)
Top economic planner reiterates resolve to maintain price stability - China(Xinhuanet)
Former Malaysian PM Mahathir optimistic on China's economic outlook(Xinhuanet)
China's banking sector achieves goal of risk control: CBRC(Xinhuanet)
China HSBC PMI dips to 11-month low in July as demand sags(The Sun Daily)
South Korean exports rose slightly in July(The Malaysian Insider)
South Korea’s July inflation hits 5-month high(The Malaysian Insider)
Australian government considers levy on bank deposits (The Star Online)
World Banks
IMF chief urges better global policy coordination, tailored reforms(Xinhuanet)
Economists expect ECB to keep key lending rate at 0.5pc(Business Times)
British central bank maintains interest rates at 0.5%(Xinhuanet)
UK Growth ForecastsRaised As Consumers Spend More (The Star Online)
Bank of England holds rates at 0.5%(BBC News)
RBS picks New Zealander as its CEO(Business Times)
Moto X 'always listening' phone launched by Google's Motorola(BBC News)
Ukraine sees July grain exports decline, raises full-year forecast(Xinhuanet)
France reports increased car sales in July(Xinhuanet)
SocGen bank reports doubled quarterly profit, shares jump(The Malaysian Insider)
US banks stand to lose billions in swipe fees(Business Times)
Citigroup To Pay US$10.75 Million In Arbitration (The Star Online)
New York Probing How Banks Use Databases To Screen Customers (The Star Online)
Fastfact 01 August 2013
Asia BanksDBS less keen on M&A after Indonesia bank deal failure (The Star Online)
Yes Bank first in India to raise interest rates(Business Times)
India To Further Liberalise FDI Policy To Attract Investments, Boost Economy(Bernama)
Beijing offers growth assurance in its economic balancing act(The Sun Daily)
World Banks
11 refuse to back IMF aid for Greece(Business Times)
IMF says Greece must deliver reforms at a faster pace(BBC News)
Bank of England helped in sale of looted Nazi gold(BBC News)
JPMorgan in US$410 million power trading settlement(The Malaysian Insider)
JP Morgan pays US$410m settlement (Business Times)
US economy seen picking up after expected second-quarter slow down(The Malaysian Insider)
MF Global unit sues 11 banks(Business Times)
US economy picking up(Business Times)
U.S. Economy Gains Momentum, May Spur Fed To Trim Stimulus (The Star Online)
Federal Reserve sees pick-up in US growth(BBC News)
US economic growth at 1.7% in second quarter(BBC News)
US finds GDP momentum in Q2 (The Star Online)
Fastfact 31 July 2013
Asia BanksThailand's export down in June(Xinhuanet)
Vietnam's economy back on track in first seven months(Xinhuanet)
RBI Maintains Status Quo On Rates, Cuts Growth Outlook(Bernama)
Australian rates, dollar can go lower, says central bank(The Malaysian Insider)
Australia still has room to cut rates: RBA governor(The Sun Daily)
China banks get US$2.8b liquidity injection(Business Times)
Cross-strait trade up 34.8 pct in H1 - China(Xinhuanet)
News Analysis: Nationwide debt audit crucial for policymaking - China(Xinhuanet)
China, ROK, Japan launch 2nd FTA talks(Xinhuanet)
Australia's total trade in services increase in 2012: report(Xinhuanet)
World Banks
Eurozone economic confidence continues to improve in July(Xinhuanet)
IMF approves ?1.7b loan for Greece(Business Times)
Barclays to issue £5.8bn new shares to plug shortfall(BBC News)
Barclays seeking STG5.8b to appease regulator(Business Times)
Barclays plans US$9b cashcall after mis-selling hit(The Sun Daily)
SoftBank eyes record profit(Business Times)
Spain's GDP contracts by 0.1 pct in Q2(Xinhuanet)
Fastfact 30 July 2013
Asia Banks'Abenomics' To Propel Japan As Economic Powerhouse Again(Bernama)
'Abenomics' reformasi ekonomi Jepun(Sinar Online)
Japan's industrial output and household spending fall(BBC News)
China orders audit of government debt(BBC News)
Nepal's budget deficit surpasses 5 pct of GDP(Xinhuanet)
Jordan, World Bank sign 150-mln-USD loan deal(Xinhuanet)
Iran's non-oil foreign trade reaches 25.4 billion USD in 4-month: report(Xinhuanet)
World Banks
Small business lending increase at two-year high(BBC News)
IMF approves 2.3 billion USD loan disbursement to Greece(Xinhuanet)
IMF approves $2.3 billion aid for Greece(Reuters)
Spain’s banks face uphill battle despite dramatic profits boost(The Malaysian Insider)
Cuba criticizes U.S. sanctions against Italian bank(Xinhuanet)
News Analysis: Positive signals emerge for troubled Italian economy, as minister voices optimism(Xinhuanet)
Polish foreign trade deficit reaches 14 bln USD in 2012(Business Times)
Nigeria needs 2.9 trillion USD to tackle infrastructure gap: official(Xinhuanet)
JPMorgan faces ‘hard sell’ in crowded market for commodity traders(The Malaysian Insider)
U.S. says JP Morgan manipulated market; settlement seen(Reuters)
U.S. regulators moving cautiously on mortgage reforms(Reuters)
Second-quarter GDP to slow sharply on tax burden - US(Reuters)
U.S. federal government to borrow 444 bln USD in second half(Xinhuanet)
Fastfact 29 July 2013
Asia BanksAsian banks need to move towards top accountability (The Star Online)
Worst is over, says Bank Indonesia(Business Times)
Abe may rethink tax hike, could shake markets (The Star Online)
Japan's PM may rethink tax hike(Business Times)
Japanese Inflation To Rise Further By Year-End: Capital Economics (RttNews)
Taiwan's Leading Index Signals Slower Economic Recovery (RttNews)
China orders govt debt audit (The Star Online)
China orders audit of government debt(Business Times)
New Zealand Central Bank To Retain Interest Rate This Year: Capital Economics (RttNews)
World Banks
IMF Warns Of Challenges From Fed's Unwinding Accommodation (RttNews)
Improving economy gives ECB breathing space on rates (The Star Online)
Hungary Will Repay IMF Loan Ahead Of Schedule, PM Says (RttNews)
British Banks Still Credit-Shy Towards Small Firms (The Star Online)
Irish Central Bank Trims Growth Outlook (RttNews)
Germany to take on less new debt this year (The Star Online)
Italy banks cut credit, small businesses gasping(Business Times)
Under siege, JPMorgan to quit physical commodities(The Malaysian Insider)
The next US recession: Closer than we’d like to think(The Sun Daily)
Fastfact 28 July 2013
Asia BanksMoody's: Stable Rating Trend For Asian Firms At Mid-year(Bernama)
Moody's: Trend Penarafan Stabil Bagi Firma Asia Pada Pertengahan Tahun(Bernama)
BOJ, MAS Establish Cross-border Collateral Arrangement(Bernama)
Indonesia alters export administration to control deficit(Xinhuanet)
Inflasi Indonesia 8 peratus(Utusan Malaysia)
Thailand's export volume in June drops 3.38 percent(Xinhuanet)
India still world's second fastest growing economy, says gov't(Xinhuanet)
Rate cut off the cards as India looks to support rupee(The Sun Daily)
Tibet economy grows fast in H1(Xinhuanet)
If China sneezes… (The Star Online)
A boost to financial reform - China(Xinhuanet)
China orders nationwide government debt audit(Reuters)
World Banks
EU calls on G20 leaders to support global economic recovery(Xinhuanet)
The Prince George effect (The Star Online)
Banks to publish local lending data - UK(BBC News)
New Bank of England deputy governor(BBC News)
Jane Austen to be face of the Bank of England £10 note(BBC News)
Swiss bank to pay big money to settle suit with Fannie Mae, Freddie Mac(Xinhuanet)
Banks shiver as UBS swallows US$885 million fine(The Malaysian Insider)
US economy improving slowly, IMF says(BBC News)
IMF expects U.S. economy to grow by 1.7 pct in 2013(Xinhuanet)
Fastfact 26 July 2013
Asia BanksPhilippines holds rates to protect growth (The Star Online)
Moody's reviewing Philippines' ratings for upgrade(Xinhuanet)
Philippine May imports drop by 2.4%(Xinhuanet)
Steady GDP growth seen for South Korea in Q2 (The Star Online)
S. Korea's GDP growth accelerates to over 2-year high in Q2(Xinhuanet)
Japan registers record trade deficit for first half of 2013(Xinhuanet)
Japan export slowdown raises concern (The Star Online)
Japan core CPI turns positive, posts fastest rise in nearly 5 years (The Star Online)
Australian inflation below forecasts, rate cut eyed(The Sun Daily)
HK upgrades RMB liquidity facility for banks' need(Xinhuanet)
As China industry slows, effects felt worldwide(The Sun Daily)
China July Flash HSBC PMI falls to 11-month low (The Star Online)
World Banks
Euro zone banks tighten lending rules despite easier funding (The Star Online)
Bankia, rivals see profit recovery(Business Times)
British economy grows 0.6% in Q2: ONS(Xinhuanet)
S&P cuts credit rating of 18 Italian banks(Xinhuanet)
Zimbabwe slashes 2013 economic growth rate(Xinhuanet)
Fastfact 25 July 2013
Asia BanksThailand Needs To Approve Borrowings To Boost Economy, Says Finance Minister(Bernama)
Thailand Perlu Luluskan Pinjaman Untuk Rangsang Ekonomi, Kata Menteri Kewangan(Bernama)
Australian inflation below forecasts, rate cut eyed(The Malaysian Insider)
Wells Fargo deposes China’s ICBC as world’s biggest bank(The Malaysian Insider)
Japan logs June trade deficit, but exports jump(The Malaysian Insider)
World Banks
Spain’s Bankia swings back to profits after massive 2012 loss(The Malaysian Insider)
French Prime Minister urges more South Korean investment(The Malaysian Insider)
Investment bank outlook weighs on Credit Suisse(Reuters)
Fastfact 24 July 2013
Asia BanksIndonesia's FDI grows in Q2, but expected to slow in H2(The Sun Daily)
Investment growth slows in Indonesia (Business Times)
Singapore cuts 2013 inflation outlook (The Star Online)
Singapore cuts CPI outlook, warns of household debt risks(The Sun Daily)
'Rising S'pore household debt worrying'(Business Times)
Philippines to increase infrastructure spending to 5 pct of GDP: president(Xinhuanet)
China: 7pc 'bottom line' for growth(Business Times)
China Confident Of Reaching US$500 Billion Bilateral Trade With Asean By 2015(Bernama)
China Yakin Cecah Dagangan Dua Hala Us$500 Bln Dengan Asean Menjelang 2015(Bernama)
Japan registers record trade deficit for first half of 2013(Xinhuanet)
Japan upgrades economic view on easing deflation (The Star Online)
Japan needs to raise sales tax next year(The Sun Daily)
World Banks
Global consumer confidence rose(The Star Online)
IMF promises greater openness(Business Times)
Spanish economy shrinks by 0.1 pct in Q2(Xinhuanet)
France to be "out of recession" in second half of 2013: Finmin(Xinhuanet)
French manufacturers more optimistic about business climate in July(Xinhuanet)
Deutsche hires UBS investment banking head(Business Times)
US business groups urge Biden to press India on concerns(The Malaysian Insider)
Fastfact 23 July 2013
Asia BanksBoJ will act if needed (The Star Online)
BoJ's Sato says govt needs to deliver on fiscal reforms(Business Times)
Abe ikrar pulih ekonomi(Berita Harian)
China's rate reform adds to concerns for bank investors (The Star Online)
World Banks
Europe still sleeping even as Japan, Britain stir(The Sun Daily)
UBS profit tops forecast despite US suit(Business Times)
UK watchdog in accounting shake-up(Business Times)
UK watchdog pulls back on corporate accounting shake-up(The Sun Daily)
UK watchdog to boost competition in accounting(The Sun Daily)
Russia makes currency interventions(Business Times)
Fastfact 22 July 2013
Asia BanksIndonesia sees strong FDI in second quarter(Business Times)
Central bank seeks to allay fears(Business Times)
Mandiri e-money deals surge 92pc in H1(Business Times)
Bank of Thailand cuts 2013 growth forecast to 4.2 percent(Xinhuanet)
Vietnam reports 933 mln USD trade deficit in H1(Xinhuanet)
Blue economy becomes new growth engine for E China(Xinhuanet)
China frees up lending rates in major reform(Business Times)
China bank shares edge up following rate liberalisation move (The Star Online)
BOJ's Sato: won't rule out further steps if risks materialise(The Star Online)
Bangladesh sets 30.5 bln USD export target for 2013-14 fiscal year(Xinhuanet)
Global banks eye Iraq but questions remain(Business Times)
World Banks
Cost of weeding out criminals and tax cheats hits private banks(The Malaysian Insider)
G20 puts growth before austerity(Business Times)
G20 puts growth before austerity, seeks to calm markets(The Star Online)
Deutsche Bank set to trim balance sheet by 20%(The Malaysian Insider)
Slovaks' bank savings 40 pc more than loans: bank(Xinhuanet)
Central African Republic's economy contracts 14 pct in 2013(Xinhuanet)
U.S. economy expanding at "modest to moderate" pace: Fed report(Xinhuanet)
Fastfact 21 July 2013
Asia BanksAsean Overtakes US As Sichuan's Biggest Trading Partner(Bernama)
Asean Pintas Kedudukan AS Sebagai Rakan Dagangan Terbesar Sichuan(Bernama)
Bangkok cuts growth forecast (The Star Online)
India To Use All Policy Measures To Reduce Deficit, Says PM(Bernama)
India guna semua kaedah kurangkan defisit(Sinar Online)
India Guna Segala Langkah Dasar Untuk Kurangkan Defisit, Kata PM(Bernama)
China frees bank lending rates on reform agenda(Xinhuanet)
China frees banks to set their own lending rates(BBC News)
China lifts lending rate controls(The Malaysian Insider)
Chinese economy set to turn around, no hard landing: finance minister(Reuters)
Japanese investors buy most foreign bonds since “Abenomics”(The Malaysian Insider)
U.S., Japan fiscal plans escape mention in G20 communique(Reuters)
UK revokes Egypt export licences after civilian deaths(BBC News)
Softbank bid for Universal Music rejected(The Malaysian Insider)
Abu Dhabi sells Barclays bank stake (Business Times)
World Banks
Mid-summer’s complex journey to simplicity (The Star Online)
G20 gets “action plan” to fight tax avoidance(The Malaysian Insider)
G20 puts growth before austerity, seeks to calm markets (The Star Online)
G20 puts growth before austerity, vows to tread carefully(Reuters)
Advanced G20 countries apart over debt goals after 2016(Reuters)
G20 soft pedals on debt consolidation in favor of growth: Russia(Reuters)
G20 supports global taxation reform: Russia(Xinhuanet)
Rival accuses Germany's Merkel of deceit over euro zone bailouts(Reuters)
Third of Britons see interest rates rising in next 12 months, poll shows(The Malaysian Insider)
Government borrowing fell in 2012-13, revised figures show - UK(BBC News)
JP Morgan appointed by UKFI to advise on Lloyds and RBS share sale(BBC News)
China’s slowdown hurts Corporate America (The Star Online)
Fed rethinking move allowing banks to trade physical commodities(Reuters)
Fastfact 19 July 2013
Asia BanksRenmimbi settlements up in HK, China: HSBC (The Star Online)
Moody's: Asia-Pacific sovereign ratings stable(Business Times)
Asia-Pacific Sovereign Outlook Stable Despite Slowing Growth, Says Moody's(Bernama)
Unjuran Penarafan Kerajaan Asia Pasifik Stabil Walupun Pertumbuhan Perlahan, Kata Moody's(Bernama)
Jakarta extends Maybank deadline (The Star Online)
Maybank has until Dec 31 to sell down BII stake (The Star Online)
China's economic rebalance could offer long-term gains: BlackRock(Xinhuanet)
China's GDP seen growing 7.5% in 2013 and 2014 (The Star Online)
Beijing keen to boost yuan’s allure (The Star Online)
Japan economy on recovery path (The Star Online)
S.Korea's parts, material exports hit new high in H1(Xinhuanet)
UAE economist calls for stronger Arab-China trade ties(Xinhuanet)
World Banks
Global policies, economies and market returns are increasingly diverging: BlackRock(Xinhuanet)
South African inflation to rise this year: central bank(Xinhuanet)
Morgan Stanley reports jump in quarterly profits(BBC News)
Fed not raising rates in forseeable future(Business Times)
U.S. economy expanding at "modest to moderate" pace: Fed report(Xinhuanet)
Fastfact 18 July 2013
Asia BanksMinimal impact on Asian growth from US, China policies: Standard Chartered (The Star Online)
Kualiti aset bank di Asia merosot(Berita Harian)
Middle East, Asian money behind 82% of London property purchases in H1 2013(The Malaysian Insider)
Cambodia's trade with S. Korea up 12% in 5 months(Xinhuanet)
Vietnam to scrutinize sizable FDI projects(Xinhuanet)
Vietnam, Japan vow to boost rare earth cooperation(Xinhuanet)
ADB: Strong impact from China unlikely(The Star Online)
U.S. experts optimistic about China's economic outlook(Xinhuanet)
China capable of withstanding shocks, reform remains priority: IMF(Xinhuanet)
China's June FDI higher Investors still confident of its economy (The Star Online)
FDI into China climbs in first half (The Star Online)
China terima pelaburan asing RM195 bilion(Berita Harian)
India in new reform push(Business Times)
China slowdown won't lead to steep downturn in SEA: ADB(The Sun Daily)
UAE equity indices surge to approach 5-year high(Xinhuanet)
World Banks
Regulators give markets leeway on financial benchmarks(The Sun Daily)
News Analysis: Is France's economic recovery really "here"?(Xinhuanet)
Crisis gives BRICS more prominence: WTO chief-elect(Xinhuanet)
Greek MPs back public sector cuts amid protests(BBC News)
Ukraine's Naftogaz may post 2.25 bln USD losses in 2013(Xinhuanet)
Spain's public debt reaches 89.6 percent of its GDP in May(Xinhuanet)
Bank of America Q2 net income surge 63 pct(Xinhuanet)
Bank of America profits leap on cost cutting(BBC News)
BofA profit jumps as equities trading revenue improves (The Star Online)
U.S. economy expanding at "modest to moderate" pace: Fed report(Xinhuanet)
Fastfact 17 July 2013
Asia BanksDeveloping Asia's growth forecast cut (The Star Online)
ADB lowers forecast for developing Asia (The Star Online)
Asian Development Bank trims Asia growth forecasts on China slowdown(The Malaysian Insider)
ADB cuts growth forecasts for developing Asia(The Sun Daily)
Moody's: Asian bank credit quality likely peaked (The Star Online)
Moody's says Asian bank credit quality has likely peaked(The Sun Daily)
Moody's: Asia-Pacific's Bank Credit Quality Likely Reaches Cyclical Peak(Bernama)
Singapore central bank disputes Moody's downgrade(The Sun Daily)
Bank Of Japan Minutes On Tap For Wednesday (RttNews)
China's central bank to adjust liquidity as necessary(Xinhuanet)
Slower economic growth set to be a winning choice - China(Xinhuanet)
Chinese Economy At Risk Of Stalling: IHS Global Insight (RttNews)
South Korea PPI Unchanged In June (RttNews)
India's Rising Inflation Makes Near-Term Rate Cut Unlikely: Capital Economics (RttNews)
RBI Rate Decision Unlikely To Be Moved By Steps To Curb INR Volatility: FM(RttNews)
Iran's inflation reaches 35.9%: central bank(Xinhuanet)
World Banks
IMF says Eastern Europe probably past the worst of crisis(The Sun Daily)
‘IMF prefers levies over trading tax’(Business Times)
UK inflation rate rises to 2.9% in June(BBC News)
British inflation sparks mixed forecasts on recovery: economists(Xinhuanet)
More fat-cat bankers in Britain than elsewhere in EU(The Malaysian Insider)
Bank of England suspects traders of bond-rigging(BBC News)
Poland's Average Gross Wages Grow Less Than Forecast (RttNews)
German economic sentiment falls in July: survey(Xinhuanet)
German Investor Sentiment Falls Unexpectedly In July (RttNews)
Polish Core Inflation Eases As Expected In June (RttNews)
US inflation rises to 1.8% in June(BBC News)
Fastfact 16 July 2013
Asia BanksMoody's puts Singapore banks on Negative outlook (The Star Online)
Moody's downgrades Singapore's 3 main banks to 'negative'(Business Times)
Moody's puts Singapore banks on "negative" outlook(The Sun Daily)
Singapore's May retail sales up 3.2 pct(Xinhuanet)
Myanmar's border trade fetches nearly 900 mln USD in three months(Xinhuanet)
China's business climate index falls in Q2(Xinhuanet)
China Q2 economy slows(The Star Online)
China's economic growth at 7.5% in April to June period(BBC News)
China's 7.5pc Q2 growth likely to spur reforms(Business Times)
China's Q2 GDP Growth Slows To 7.5 Per Cent(Bernama)
Pertumbuhan KDNK Suku Kedua China Perlahan Kepada 7.5 Peratus(Bernama)
Bisnes Dunia: KDNK China berkembang 7.5 peratus (Berita Harian)
Better financial services urged for small businesses - Beijing(Xinhuanet)
FDI pledges to S.Korea grows 12.5 pct in H1(Xinhuanet)
S. Korean export boom may be less than meets the eye(Business Times)
S. Korea June exports down 1%(The Star Online)
India fines 22 banks for violating rules(Business Times)
New Zealand inflation at 14-year low(The Malaysian Insider)
World Banks
EU: More UK bankers paid above 1m euros(BBC News)
UK to grow 1.1pc on strong spending run(Business Times)
IMF still sees risks in Spanish economic situation(Xinhuanet)
IMF to close representative office in Hungary(Xinhuanet)
Ukraine posts May trade surplus on lower imports(Xinhuanet)
Polish budget deficit stands at 8 bln USD in 1H: finance ministry(Xinhuanet)
Citigroup Q2 net income jumps 42 percent from last year(Xinhuanet)
Citigroup reports surge in second quarter profits(BBC News)
Fastfact 15 July 2013
Asia BanksIMF predicts slower growth in Southeast Asia(Business Times)
'US economy's impact on Asia waning'(Business Times)
S. Korea June exports down 1%(The Star Online)
Xinhua corrects China’s growth target comment (Business Times)
Agency corrects China growth target comment (The Star Online)
China sneezes, Asia to catch flu?(The Sun Daily)
Agricultural policy bank's NPL ratio down to 0.92 pct - Beijing(Xinhuanet)
China guna pelbagai polisi(Utusan Malaysia)
China amal campuran kuasa stabilkan kredit(Berita Harian)
Bangladesh posts current account surplus of 2.57 bln USD(Xinhuanet)
Dubai unveils civil aviation expansion plan(Xinhuanet)
Israeli gov't announces 139-million-USD Negev development plan(Xinhuanet)
World Banks
Greece picks Eurobank to acquire Postbank(Business Times)
Greece picks Eurobank to buy Postbank ahead of mid-July deadline (The Star Online)
Berlin asks UBS to buy stake in Commerzbank(Business Times)
Exports of Armenian famous brandy Ararat rise(Xinhuanet)
French economic recovery has begun, says Hollande(Xinhuanet)
JPMorgan profit up 31 percent in second quarter(Xinhuanet)
Fastfact 13 July 2013
Asia BanksSingapore rebounds but Asia prospects mixed(The Malaysian Insider)
Singapore's GDP Grew 3.7 Per Cent Year-on-year In Q2, 2013, Says Trade Ministry(Bernama)
KDNK Singpura Berkembang 3.7 Peratus Pada Suku Kedua Berbanding Tahun Sebelumnya(Bernama)
Myanmar enacts new central bank law(The Malaysian Insider)
Myanmar enacts new central bank law(The Sun Daily)
Myanmar president okays law on central bank autonomy(The Star Online)
Bangladesh is king for cost-cutting retailers(The Malaysian Insider)
Xinhua corrects Chinese minister’s growth target comment(The Malaysian Insider)
China's finance minister signals growth may fall below 7%(BBC News)
China may accept lower H2 growth(Business Times)
China slowdown: A cause for Concern? (The Star Online)
Credit crunch crimps June lending growth and direct financing (The Star Online)
China may scrap floor for bank lending rates (The Star Online)
Chinese economic reforms front-and-center in talks with US(The Malaysian Insider)
World Banks
Bisnes Dunia: Pertumbuhan di Eropah ambil masa lebih lama(Berita Harian)
Co-op Group appoints inquiry into bank failings(BBC News)
Administrative muddle hurting Spain's 'bad bank'(Business Times)
'Debt peril' warning over interest rate rises - UK(BBC News)
Greece picks Eurobank to buy Postbank ahead of deadline(The Malaysian Insider)
S&P upgrades Ireland's credit outlook as debt falls(BBC News)
Portugal's borrowing costs jump as political tensions rise (BBC News)
Banks face profit lull as mortgage boom fizzles (The Star Online)
JP Morgan and Wells Fargo post big jump in profits(BBC News)
G20 needs clear, predictable monetary policies, says Russia(Business Times)
Fastfact 12 July 2013
Asia BanksIndonesia's financial sector remains healthy despite external pressures: official(Xinhuanet)
Indonesia hikes policy rate to 6.5% (The Star Online)
Indonesia announces big interest rate hike(Business Times)
Indonesia lifts rates to cap inflation after fuel hike(The Malaysian Insider)
Cambodia records 1.32 bln USD trade deficit in H1(Xinhuanet)
BoJ maintains monetary policy practise, upgrades assessment(The Malaysian Insider)
Japan's economy 'starting to recover modestly'(Business Times)
BOJ upgrades assessment of Japan's economy to "recovery"(Xinhuanet)
Bank of Japan says economy starting to recover (The Star Online)
Bank of Japan sees modest recovery in economy(BBC News)
China may enlist foreign banks in bond trades(Business Times)
South Korea: Recovery on track(The Star Online)
Bangladesh's July-May trade deficit shrinks to 6.33 bln USD(Xinhuanet)
Australia in pinch as China boom ends(Business Times)
World Banks
Global economy to grow at below-trend rate in 2013, more tailwinds in U.S.(Xinhuanet)
Polish Foreign trade deficit reaches 781 mln USD in January-May(Xinhuanet)
US senators introduce 'new' legislation to separate banks(BBC News)
No need for tax rises, says Osborne(BBC News)
U.S. regulators propose higher capital standards for big banks(Xinhuanet)
Fastfact 11 July 2013
Asia BanksJoint investment will further enhance economic integration within Asean, says Mustapa(The Sun Daily)
Pelaburan Bersama Akan Pertingkat Penyepaduan Ekonomi Dalam Asean(Bernama)
Pelaburan bersama tingkat penyepaduan(Utusan Malaysia)
Dismal China trade data points to weaker Q2 GDP growth(The Malaysian Insider)
China sees sudden fall in June exports, imports(Xinhuanet)
China reports weaker than expected trade data(BBC News)
China's June trade surplus down 14pc to US$27.1b(Business Times)
China June trade surplus down 14%(The Sun Daily)
China warns of "grim" trade outlook after exports surprise(The Sun Daily)
Kuwait tawar bantuan kecemasan sebanyak AS$4 bilion kepada Mesir(Utusan Malaysia)
RM24 bilion bantu Mesir(Berita Harian)
World Banks
IMF slashes 2013 global growth forecast to 3.1pc(Business Times)
EU to invest billions in regional development for 2014-2020(Xinhuanet)
ECB still far from exiting monetary stimulus policies: HSBC report(Xinhuanet)
‘EU solvency rules some years away’(Business Times)
EU proposes Single Resolution Mechanism for Banking Union(Xinhuanet)
EU unveils plans to wind down failed banks(BBC News)
Moody's upgrades British banking system outlook from negative to stable(Xinhuanet)
Ratings agency Moody's upgrades UK banking sector outlook(BBC News)
IMF upgrades British economic growth to 0.9 pct in 2013(Xinhuanet)
Swiss UBS tops global wealth manager ranking(Business Times)
Lenders alarmed over lack of action in Athens(Business Times)
U.S. designates AIG, GECC to address threats to financial stability(Xinhuanet)
U.S. consumer credit up 8.3 percent in May(Xinhuanet)
White House urges Congress to act "quickly" on student loan rates hike(Xinhuanet)
Citigroup to sell 90 buildings(Business Times)
Big US banks face tougher lending rules than global rivals (The Star Online)
Fastfact 10 July 2013
Asia BanksSingapore Q2 GDP seen rebounding on pharma, financials(The Malaysian Insider)
Singapore banks face burden from rate-rigging censure(Business Times)
Singapore market still healthy (The Star Online)
Indonesia tries bold moves to battle inflation (The Star Online)
Myanmar law to give its central bank autonomy (The Star Online)
Myanmar law giving its central bank autonomy due "within days"(The Sun Daily)
Shadow banking bolsters China Inc as Beijing tightens credit(The Malaysian Insider)
China June inflation picks up Central bank seen keeping policy stance neutral (The Star Online)
China annual inflation picks up to 2.7% (The Star Online)
China Inflation Quickens In June(Bernama)
China's inflation rate rises to 2.7%(BBC News)
Inflasi Meningkat Pada Jun - China(Bernama)
Taiwan exports rise 8.6% (The Star Online)
Japanese banks advised to prep for interest rate hike (The Star Online)
Japan's strong bank lending can't mask economic challenges (The Star Online)
Aus & NZ dollars losing grip on gains, outlook fragile (The Star Online)
World Banks
IMF cuts 2013 global growth forecast(The Sun Daily)
IMF offers eurozone roadmap for growth and jobs(The Sun Daily)
IMF raises UK economic growth forecast(BBC News)
IMF, EC 'kiss and make up' after fight(Business Times)
BoI wins battle to keep life unit (The Star Online)
Does Co-op Group deserve to keep control of Co-op Bank? - UK(BBC News)
Italy's credit rating has been downgraded by S&P(BBC News)
Greek outlook bleaker than lenders think, local think tank calculates(The Malaysian Insider)
Multi-billion euro lifeline for Greece(Business Times)
Latvia gets Ecofin nod to become 18th eurozone member(BBC News)
US regulator close to deal with Europe on swaps rules (The Star Online)
Fastfact 09 July 2013
Asia BanksAsia Pacific CFOs remain bullish on 2013 earning potential: survey(Xinhuanet)
Vietnam's garment exports to S. Korea strongly increase in H1(Xinhuanet)
Bangladesh's 2012-13 fiscal average inflation eases to 6.78 pct(Xinhuanet)
Indian rupee hits new record low(The Malaysian Insider)
World Banks
Government backs jailing reckless bankers(BBC News)
UK backs proposals to shake up banking standards(The Malaysian Insider)
Greece, debt inspectors agree on reform measures(Business Times)
Euro zone to decide on cash for “uncertain” Greece, warn Portugal(The Malaysian Insider)
Greece sees deal on EU-IMF rescue funds(The Malaysian Insider)
Analysis firm confident on British economy(Xinhuanet)
Surveys point to strengthening UK economy(The Malaysian Insider)
S. Korea to widen corporate debt market aid to 5.56 bln USD amid Fed concerns(Xinhuanet)
Fastfact 08 July 2013
Asia BanksGaruda leads Indonesia debt rush before rates rise(Business Times)
S&P sounds alarm on overdue loans(Business Times)
Philippine June inflation up (The Star Online)
BoJ may signal that economy is currently in pretty good shape (The Star Online)
Tokyo to tighten rate monitoring (The Star Online)
Australian C. bank governor's comments cause volatility in forex market(Xinhuanet)
Bhutan banks on ‘white gold’ hydropower(The Malaysian Insider)
Iran removes subsidized official rate for U.S. dollar(Xinhuanet)
World Banks
Banks line up to take part in Lloyds share sale - UK(BBC News)
Bank of England now operating a form of soft guidance: experts(Xinhuanet)
Italy hails EU announcement of more budget flexibility(Xinhuanet)
Spain's consumer confidence rises in June, economic perception remains negative(Xinhuanet)
Rajoy upbeat about Spanish economic future - Spain(Xinhuanet)
Greek close to getting latest bailout payout(BBC News)
Greece nears deal for next tranche of rescue funds(Business Times)
Zurich joins race to be trading hub for yuan(Business Times)
Ex-StanChart chief eyes Lloyds stake(Business Times)
Fastfact 07 July 2013
Asia BanksAsean+3 Village Head Exchange Programme A Success(Bernama)
Quek increases stake in Bank of East Asia (The Star Online)
HSBC to exit from retail banking in South Korea(Business Times)
Sasar FDI Korea Selatan naik(Utusan Malaysia)
Chinatrust's bid to buy Tokyo Star stalls on price(Business Times)
Bank of Japan upbeat on Japan's economy (The Star Online)
World Banks
IMF cuts Italy’s growth forecast (Business Times)
Banks line up to take part in Lloyds share sale(BBC News)
Bankers voice frustration at European Union bonus cap(Business Times)
A cruel, cruel summer for U.S. credit funds(The Malaysian Insider)
Confidence in US economy pushes stocks higher(The Malaysian Insider)
Fastfact 05 July 2013
Asia BanksAsia needs to ‘blaze its own trail’ in green growth, says Nobel laureate(The Malaysian Insider)
China to grow 7.6 percent in second half; debt, overcapacity risks up: paper (The Star Online)
Bisnes Dunia: Ekonomi China berkembang(Berita Harian)
World Banks
ECB holds rates as Euro crisis threatens to return(The Malaysian Insider)
Eurozone economy on track to stabilise in second half (The Star Online)
World Bank chief hopes to maintain Egypt aid program(The Malaysian Insider)
Fastfact 04 July 2013
Asia BanksEU-Malaysia FTA talks to resume in Q4 for next round(The Malaysian Insider)
Next Round Of EU-Malaysia FTA Talks To Resume In Q4, Says Envoy(Bernama)
Pusingan Akan Datang Perbincangan FTA EU-Malaysia Akan Disambung Semula Dalam Suku Keempat(Bernama)
Rundingan FTA EU-Malaysia suku keempat(Utusan Malaysia)
ASEAN perlu dana rapat jurang pembangunan(Berita Harian)
Temasek faces tests over China bank exposure(Business Times)
Nomura warns of domestic financial crisis in Asia(Business Times)
Abu Dhabi to invest US$50b in India(Business Times)
Dubai steps up asset sales to cut debt pile(The Malaysian Insider)
World Banks
Regulators speed up big bank capital preparations(The Malaysian Insider)
Portugal, Greece risk reawakening eurozone beast(Business Times)
France urges delay to EU-US trade talks(The Malaysian Insider)
French FSP buys stakes in Arkema, SEB (Business Times)
Robust UK data dims case for more monetary stimulus(The Malaysian Insider)
Nod for HSBC US$1.9b money laundering pact (Business Times)
New domestic rules for eight US banks(Business Times)
Fastfact 03 July 2013
Asia BanksAsean-US Keen On Strengthening Ties In Multiple Areas(Bernama)
Asean-Amerika Syarikat berminat perkukuh hubungan dalam pelbagai bidang(The Malaysian Insider)
Asean-Amerika Syarikat Berminat Perkukuh Hubungan Dalam Pelbagai Bidang(Bernama)
ASEAN Needs Larger Funds To Bridge Development Gap, Says Ex Sec-Gen(Bernama)
Asean Perlukan Dana Lebih Besar Untuk Rapatkan Jurang Pembangunan, Kata Bekas Setiausaha Agung(Bernama)
Asean perlu lebih dana rapatkan jurang pembangunan(Sinar Online)
Fed move unlikely to have negative impact on Asia(Business Times)
China's June property inflation more moderate (The Star Online)
Risk management needs improved to avoid financial risk:CBRC Chairman(Xinhuanet)
China boosts financial support to small firms, rural areas(Xinhuanet)
S. Korea's foreign reserves fall on repayment of foreign debts(Xinhuanet)
Australia central bank keeps rate at record low (The Star Online)
Australia Trade Surplus A$670 Million In May (RttNews)
UAE private sector expansion eases in June: report(Xinhuanet)
World Banks
EU accuses top banks of colluding on derivatives trading(Business Times)
Debt crisis hits demand for euro as reserve currency(The Malaysian Insider)
BoE Policymakers Urge Emphasis On Leverage Ratio (RttNews)
Interview: Barclays CEO says Likonomics supports China's sustained growth(Xinhuanet)
British economy makes progress, but risks remain: BCC survey(Xinhuanet)
France to cut extra 14 bln euros in spending in 2 years: minister(Xinhuanet)
Greece told 3 days to deliver, or else ... (The Star Online)
Cuba making economic progress: president(Xinhuanet)
Argentina’s new law attract foreign capital(The Malaysian Insider)
Brazil's trade deficit highest in 18 years(Xinhuanet)
HSBC Wins OK Of Record $1.92 Billion Money-Laundering Settlement (The Star Online)
U.S. Fed adopts higher capital standards for banks(Xinhuanet)
Fastfact 02 July 2013
Asia BanksAsean Kini Tumpuan Dunia: Kata TPM Thai(Bernama)
Indonesia inflation below expectation (The Star Online)
Indonesia’s inflation hits 5.9pc (Business Times)
Vietnam exports over 3.5 million tons of rice in H1(Xinhuanet)
Business confidence in Japan returns to positive for 1st time in 7 quarters(Xinhuanet)
China’s ICBC tops global bank rankings for first time(The Malaysian Insider)
S. Korea June recovery still fragile, data show (The Star Online)
S. Korea's consumer price inflation stays at 14-year low for 2 months(Xinhuanet)
S.Korea posts trade surplus on faster import reduction(Xinhuanet)
Private gauge of Australian inflation tame in June (The Star Online)
Gulf Arab banks flex muscles worldwide(Xinhuanet)
World Banks
Banks may face fines over failures to spot trade finance abuses(The Malaysian Insider)
Credit Suisse picks Oechslin to manage risks (Business Times)
Spanish banks brace for lower profits, dividends(Business Times)
Greece, lenders resume loan talks(Business Times)
Fed, China churn already choppy waters(Business Times)
Fastfact 01 July 2013
Asia BanksSingapore central bank takes further steps to cool property market (The Star Online)
BCA to buy 45pc stake in finance company(Business Times)
ANZ targets 18pc growth this year(Business Times)
Vietnam eyes faster GDP growth next year (The Star Online)
China's FDI to Reach 150b USD in 2015(Xinhuanet)
PBoC's Zhou Reiterates Pledge To Maintain Financial Market Stability (RttNews)
PBOC to maintain "prudent" monetary policy: Zhou Xiaochuan(Xinhuanet)
China banking regulator says liquidity ample in banking system(Xinhuanet)
Wealth management opens doors for banks - China(Xinhuanet)
Chinese banking system stable, says regulator (BBC News)
Xinhua Insight: China fights hard battle against shadow banking(Xinhuanet)
Bangladeshi Parliament passes national budget(Xinhuanet)
Panel: Indian banks should move wealth management services to unit (The Star Online)
Jordan's Q1 economic growth rises to 2.6 per cent(CPI Financial)
NBK: Kuwait sees pickup in business credit growth in April(CPI Financial)
Bahrain economic growth accelerates strongly in Q1(CPI Financial)
Investcorp sponsors Banks in Bahrain Reception at the IMF, World Bank Conference(CPI Financial)
Kuwait fund says more than doubled UK investment in past 10 years(CPI Financial)
Tunisia's foreign currency reserves still below level seen as adequate(CPI Financial)
Qatar lifts 2013 GDP growth forecast to 5.3 per cent(CPI Financial)
Dubai records significant growth in all key sectors(Khaleej Times)
World Banks
New challenges for the economy(The Star Online)
World Bank chief faces challenges as he makes his mark(The Sun Daily)
Highlighting the rich and evasive (The Star Online)
Now is not the time for austerity (The Star Online)
ECB's biggest challenge(Business Times)
ECB kekal kadar faedah(Berita Harian)
ECB says not discussing Fed-style bond programme (The Star Online)
ECB to reassure on ‘exit’ strategy No new policy moves seen on the cards at the bank’s governing council meeting (The Star Online)
Banks to repay US$2.68bil of ECB crisis loans next week (The Star Online)
New BoE boss faces stimulus battle(Business Times)
New begins his job as governor of the Bank of boss faces stimulus battle (The Star Online)
Thousands of bank customers due payments compensation - UK(BBC News)
France deficit exceeds target (The Star Online)
RBS and Lloyds share sale advisers sought(BBC News)
Poland's foreign debt grows to nearly 280 bln euros in Q1(Xinhuanet)
Anglo tapes: Ex CEO David Drumm apologises(BBC News)
Cyprus debt in default over bond swap(BBC News)
Cyprus bonds suspended after ratings cut(Business Times)
Figures show Britain suffered no double-dip recession(Xinhuanet)
Spain receives nearly 2 billion euros of investment in April(Xinhuanet)
Spain Current Account Gap Narrows Sharply (RttNews)
Germany June Inflation Rises More Than Expected (RttNews)
Canada reports tepid economic growth in April(Xinhuanet)
Colombia's FDI increases by 2.5 pct in Q1(Xinhuanet)
Brazil's primary surplus drastically down in first five months(Xinhuanet)
U.S. consumer confidence retreats in June from six-year high(Xinhuanet)
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