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Top Stories
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- Chinese companies greatly expand overseas investments
In five years, Chinese enterprises' overseas investments have soared to more than $93 billion so far this year from just $13.58 billion in 2007. One of the recent big attractions has been a wide array of undervalued assets in Europe due to the festering eurozone crisis. Domestic policies have also pointed companies with cash on hand to explore opportunities abroad. Xinhuanet.com (China)
(11/5)
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Market Activities
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- INTERNATIONAL MARKETS OVERVIEW
Worries over the U.S. elections and an upcoming vote in Greece on further austerity measures weighed on shares across Europe on Monday while U.S. stocks edged higher. The Stoxx Europe 600 ended the day down 0.60% at 273.21, and the S&P 500 added 0.22% to 1,417.26. Here is a continuously updated list of global stock indexes. The Wall Street Journal
(11/6)
, The Wall Street Journal
(11/5)
, CNNMoney
(11/5)
- Ahead of U.S. elections, Asian shares retreat on corporate news
Asian shares declined Monday amid disappointment over corporate developments, including those related to false fuel-economy claims by South Korea's Hyundai and Kia and speculation over the future of Japan's beleaguered Sharp. Overall, investors remain wary of recent gains in the markets, and "I don't see there being significant change until the political situation stabilizes in China and the U.S., and Europe is still a worry," commented Benjamin Tam of IG Investment in Hong Kong. The Nikkei lost 0.48% to 9,007.44, the Hang Seng was down 0.47% at 22,006.40, the Kospi declined 0.55% to 1,908.22, and the S&P/ASX was up 0.37% to 4,474.10. Bloomberg Businessweek
(11/5)
Economic Trends & Outlook
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- Hong Kong manufacturing returns to growth mode
Hong Kong's manufacturing activity swung back to positive ground last month with help from strong domestic demand, as measured by the HSBC Hong Kong Purchasing Managers' Index. "New product launches and healthy domestic demand kept employers hiring through October, underpinning headcount increase and more than three years of uninterrupted wage growth, putting Hong Kong in good stead to rebound through the fourth quarter," said HSBC Greater China economist Donna Kwok. AutomatedTrader.net
(11/5)
Capital Markets & Financial Products
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Industry & Regulatory Update
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Ethics & Standards
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- Australian verdict: S&P misled investors
Standard & Poor's was found to have misled investors in Australia with its rating of a derivative issued by ABN Amro's wholesale banking division. Thirteen municipal councils lost AU$16 million on the investments, known as constant proportion debt obligations. The court ruling could open the way for further legal action against S&P in Europe. The Sydney Morning Herald (Australia)
(11/5)
, Financial Times(tiered subscription model)
(11/5)
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| Recent
CFA Institute Financial NewsBrief: Asia Pacific Edition Issues:
- Monday, November 05, 2012
- Friday, November 02, 2012
- Thursday, November 01, 2012
- Wednesday, October 31, 2012
- Tuesday, October 30, 2012
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