Month: March 2012

THE BRICS SUMMIT (2012)

BRICS nations (Brazil, Russia, India, China and South Africa) signed two agreements – The Master Agreement on Extending Credit Facility in Local Currency and the Multilateral Letter of Credit Confirmation Facility Agreement to provide financing facilities to businesses in local… Read More ›

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MORNING EQUITY UPDATE

GLOBAL According to the World Bank president Robert Zoellick, a plan to form a joint development bank by the BRICS group of the world’s most powerful emerging economies will have a hard time getting off the ground and could struggle to match… Read More ›

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MORNING EQUITY UPDATE

GLOBAL The Russian government sold USD 3bn 30-year Eurobond at 250 basis points over U.S. Treasuries, USD 2bn 10-year paper at plus 240 basis points and USD 2bn 5-year Eurobond at 230 basis points over Treasuries, according to a financial… Read More ›

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UK ECONOMIC DATA

UK Economic Data 4Q11 GDP data at -0.3 percent vs -0.2 percent (Previous) GDP (Y-o-Y) data at 0.5 percent vs. 0.7 percent (Previous) UK 4Q11 Balance of Payments Data (Q-o-Q) Current Account Deficit for UK GBP 8.5 bn vs GBP… Read More ›

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MORNING EQUITY

ASIA An upcoming Bank of Japan’s Tankan survey of Japanese business sentiment on 2nd April, states that manufacturers are less pessimistic about the economy. The quarterly index is expected to rise to  – 1 from – 4 in December, according… Read More ›

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MORNING EQUITY UPDATE

ASIA According to Chinese PM Wen Jiabao, corruption could threaten China’s power structure. (Reuters) INDIA EGoM undertook a decision to allow export of additional one million tonnes of sugar over the previously approved two million tonnes for the marketing year… Read More ›

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UP & COMING

INDIA BRICS Summit in New Delhi, India on 29th March, 2012 NORTH AMERICA U.S. Federal Reserve officials, including Chairman Ben Bernanke, are scheduled to speak on Monday, Tuesday and Thursday and the New York Fed President William Dudley will testify… Read More ›

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WEEKEND NEWS COVERAGE

ASIA China’s external total debt reached USD 695 billion last year, highest in 27 years. The external debt rose by US 146 billion, or nearly 27 per cent from 2010, according data released by the State Administration of Foreign Exchange…. Read More ›

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NATIONWIDE CONSUMER CONFIDENCE (Feb)

Nationwide’s U.K Consumer Confidence Index, which captures people’s sentiment about the economy, declined in February on account of rising unemployment and weak economic growth. The index declined to 44 points for February as against 47 points for January 2012. (Bloomberg… Read More ›

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