There are plenty of investors and analysts who are optimistic. After three straight months of outflows, emerging market equity funds tracked by EPFR Global attracted more than $700m of investments in the first two weeks of July, reports the Financail Times.» Read More
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Bankers’ bonuses across the European Union are set to be limited by law, with many bank lobbyists admitting in private that they have lost the fight against a European Parliament initiative to limit the size of bonuses relative to salary, the Financial Times reports.
Tough global bank reforms will be disproportionately difficult to implement in developing economies and will damage their growth, a global taskforce of bankers and businessmen from emerging markets is set to warn, the FT reports.
The government appears to be taking the proposals of the Independent Commission on Banking, in the UK seriously and looks as if it may implement the majority of Sir John Vickers proposals, writes the Financial Times’ Martin Wolf.
U.S., European and Japanese companies have been building up blue-collar and back-office operations and representative offices in places like mainland China, Hong Kong and Singapore, reports the New York Times.
A top European Central Bank policy maker has publicly backed the rapid use of the eur ozone’s bailout fund to buy distressed sovereign bonds on the open market, saying such action could ease the “very severe strain” being felt by Spain and Italy. The FT reports.
China's economy powered ahead in 2010, but the performance of its stock market far from impressed global investors.
The old adage in the stock market is never try to catch a falling knife. With the Shanghai Composite Index at levels not seen since the aftermath of the financial crisis, many investors are steering well clear of Chinese stocks.
China's banking stocks traded mixed on Tuesday following a media report that the regulator had raised capital requirements for the largest lenders.