Weekly Global Financial News (Aug 4-Aug 10)



Risk-averse China seen pushing back plans to free yuan, By Reuters, Published: Aug 6
China is quietly slowing down its move to make the yuan freely convertible as authorities fear removing capital controls too soon could unleash damaging speculative flows.

China warns of corporate bond market risks, may raise threshold: sources, By Reuters, Published: Aug 6
China’s top economic planner has warned of increasing risk in the country’s corporate bond market and will probably raise the threshold for new issues in the part of the market it regulates.

Russian bond market finds pulse as Alfa-Bank mulls new deal, By Reuters, Published: Aug 6
Despite the western sanctions, the Russian bond market expects to see further debt issuance this year as Alfa-Bank said it was considering issuing a subordinated dollar bond by the end of October. Russian bond volumes have plunged in 2013 compared to last year.

Banks must provide for lawsuits, fines, in ECB tests By Reuters, Published: Aug 8
The European Central Bank will consider the impact of future lawsuits and fines in its review of whether the euro zone’s 131 most important lenders have enough capital to withstand another recession.
ECB is reviewing euro zone banks to removing investors’ lingering doubts about their recovery.

Europe’s Growth Engine Stutters as Spain Beats Germany, By Bloomberg, Published: Aug 11
After leading the EU zone out of its longest-ever recession last year, Germany, Europe’s largest economy, contracted in the three months through June.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s