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Top Stories
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- British business group urges more government action
The British Chambers of Commerce called on Chancellor of the Exchequer George Osborne to take more action to stimulate investment as the BCC notched down its forecast for 2013 growth to 1% from 1.2%. "We have always been behind the chancellor's aim of reducing the deficit, but this has to be supported with the right conditions that allow businesses to thrive, or we will fail to see the growth the economy so desperately needs," said BCC Director General John Longworth. The BCC report came a day ahead of a meeting of the Bank of England's Monetary Policy Committee. Bloomberg
(12/4)
- China's nonmanufacturing sector grows in November
China's nonmanufacturing sector is looking up, with a purchasing managers' index registering 55.6 for November, up 0.1 points from October and sitting at a three-month high. The improvement parallels a gain in manufacturing and is likely to be reflected in stronger GDP growth in the final quarter or early 2013. China Daily (Beijing)
(12/4)
- IMF highlights potential pitfalls in capital-flow liberalization
Noting considerable risk associated with freer worldwide capital flows, the International Monetary Fund called for carefully planned timing and sequencing to avoid the worst problems. Different countries' circumstances should dictate their relative openness, with various degrees of institutional and financial development among the key factors, the IMF said. Xinhuanet.com (China)
(12/4)
Market Activities
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- INTERNATIONAL MARKETS OVERVIEW
Little change was registered in shares on both sides of the Atlantic on Tuesday as investors keyed in to tense negotiations in Washington intended to avoid sharp tax increases and spending cuts in the new year. The Stoxx Europe 600 was nearly unchanged, with only a 0.04% gain to 276.24, and the S&P 500 edged down 0.17% to 1,407.05. Here is a continuously updated list of global stock indexes. The Wall Street Journal
(12/5)
, The Wall Street Journal
(12/4)
, CNNMoney
(12/4)
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Economic Trends & Outlook
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- Philippine foreign reserves grow as economy thrives
The Philippines' robust domestic economy is continuing to draw inflows, boosting the central bank's foreign reserves, which are now expected to total $83 billion by the end of the year. In addition, foreign direct investment is expected to reach $1.5 billion by year end, up from an earlier forecast of $1.2 billion. Business World (Philippines)
(12/4)
Capital Markets & Financial Products
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Industry & Regulatory Update
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- Fidelity's FundsNetwork is reintroduced in Hong Kong, Taiwan
Fidelity Worldwide Investment is reintroducing its FundsNetwork, targeting an affluent audience in Hong Kong and Taiwan. In-house and third-party funds will be on offer in the relaunch, which Fidelity says is intended to address investor anxiety and respond to developments in distribution technology and on the regulatory front. AsianInvestor.net
(12/4)
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| Recent
CFA Institute Financial NewsBrief: Asia Pacific Edition Issues:
- Tuesday, December 04, 2012
- Monday, December 03, 2012
- Friday, November 30, 2012
- Thursday, November 29, 2012
- Wednesday, November 28, 2012
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