China
China's Default Swaps to `Tighten' on Economic Growth, Goldman Sachs Says China’s credit risk may fall to a
two-month low as the country posts “robust” economic
growth and demand for higher-yielding, emerging-market assets
rises, Goldman Sachs Group Inc. said.
Macquarie Predicts Steady Global Recovery in Commodity Demand led by China Global commodity demand will have a
steady recovery in the first half next year, with China leading
consumption, according to Macquarie Securities Group.
Gross Says China Bubble to Threaten Growth as Global Export Demand Falters Bill Gross, who runs the world’s
biggest bond fund at Pacific Investment Management Co., said
Chinese growth is likely to be hurt by an absence of consumer
demand from trading partners such as the U.S.
Asia's Stocks Post Biggest Decline in Three Weeks Amid Japan Share Sales Asian stocks fell this week,
dragging the MSCI Asia Pacific Index to its biggest weekly
decline in three amid Japanese share sales, while companies
including Sony Corp. fueled profit concerns.
China Should Keep New Bank Loans Above $1 Trillion to Help Boost Economy China should keep new bank lending
between 7 trillion yuan ($1 trillion) and 8 trillion yuan next
year to strengthen an economic recovery, said Tang Shuangning,
chairman of China Everbright Group Ltd.
China Sending Strong Signals on Asset Bubble, Morgan Stanley's Roach Says China is sending “strong signals”
that it’s concerned the rally in asset prices may be forming a
bubble, according to Morgan Stanley Asia Chairman Stephen Roach.
Hong Kong Stocks Drop in Longest Losing Streak Since September; ICBC Falls Hong Kong stocks fell for a fourth
day, the longest losing streak since September, after Shanghai
Securities News said China may raise deposit reserve
requirements for commercial lenders next year.
Asian Currencies Drop Amid Capital Controls Risk, Led by Indonesian Rupiah Asian currencies fell this week, led
by Indonesia’s rupiah, on speculation regional policy makers
will restrict capital inflows to prevent appreciation that may
hurt exports.
Hong Kong Suspends Ex-DBS Employee for 3 Months on Risk-Disclosure Miss A former employee of DBS Bank (Hong
Kong) Ltd. has been suspended for three months by the Hong Kong
Monetary Authority for failing to “diligently disclose and
explain” risks when selling an investment product.
Hong Kong Consumer Prices Rise More-Than-Expected 2.2% as Economy Rebounds Hong Kong’s consumer prices advanced
at the fastest pace in nine months in October as the government
ended subsidy programs and the economic recovery encouraged
spending.
Coal-Mine Explosion in China Kills 42, Leaves 66 Missing; Rescue Under Way A coal-mine explosion in the
northeastern Chinese province of Heilongjiang killed 42 miners
and left 66 missing, Xinhua News Agency said on its Web site.
North Korea Dismisses UN Human Rights Resolution, Criticism, KCNA Reports A UN human rights resolution against
North Korea adopted this week is “nothing but a trite political
plot,” the communist nation’s state-run media said yesterday,
citing a foreign ministry spokesman it didn’t identify.
Hong Kong Tightens Restrictions on Housing Marketing, Requires Net Pricing Hong Kong plans to tighten rules on
marketing of uncompleted apartments, responding to concerns that
misleading sales tactics by property developers have contributed
to a surge in prices this year.