Hayek’s attack on central planners can fit markets too

December 22, 2013 1:37 pm

Hayek’s attack on central planners can fit markets too

By John Authers

Universal approach that could mean funds go to wrong borrowers

Modern financial markets have many critics, and perhaps Friedrich Hayek’s name should be added to the list. Read more of this post

Australia Sets Higher Capital Buffer for Four Biggest Lenders

Australia Sets Higher Capital Buffer for Four Biggest Lenders

Australia’s four largest banks will need to carry an extra 1 percent of core tier 1 capital from Jan. 1, 2016, due to their systemically important status, according to the country’s banking regulator. Read more of this post

Hunt for Returns Prompts IPO Renaissance as U.S. Leads the Way

Hunt for Returns Prompts IPO Renaissance as U.S. Leads the Way

Twitter Inc. and Hilton Worldwide Holdings Inc. helped lead the best year for U.S. initial public offerings since the financial crisis, with strong trading debuts likely to stoke investor demand for new shares in 2014. Companies raised about $22 billion in U.S. IPOs in the fourth quarter, bringing the total for the year to $56 billion, the most since 2007, according to data compiled by Bloomberg. Sales in Europe and Asia also rose sharply, with global deals tripling from the prior three months, the data show. Read more of this post

Citigroup to Standard Chartered Hurt by Korean Debt Curbs

Citigroup to Standard Chartered Hurt by Korean Debt Curbs

Standard Chartered Plc and Citigroup Inc. (C) have seen their $6 billion bet on South Korea turn sour in less than 10 years as the two banks struggle to sustain profits in an economy plagued by rising household debt. Read more of this post

Citic Sees PBOC Staying Out of Market to Curb Debt: China Credit

Citic Sees PBOC Staying Out of Market to Curb Debt: China Credit

Two of China’s three biggest securities firms predict the central bank will refrain from using open-market operations to inject funds this week as policy makers seek to rein in debt and contain inflation. Read more of this post

China’s local government debt seen at $3 trillion as of end 2012: think tank

China’s local government debt seen at $3 trillion as of end 2012: think tank

12:47am EST

BEIJING (Reuters) – China’s total local government debt may have reached 19.9 trillion yuan ($3.28 trillion) by the end of 2012, almost double that of two years previously, a media report said on Monday, citing a private study by a government think tank. Read more of this post

China wants more party bosses reprimanded for ignoring graft

China wants more party bosses reprimanded for ignoring graft

12:27am EST

BEIJING (Reuters) – China’s ruling Communist Party would like to see more party bosses held accountable for allowing corruption to happen on their watch, something that rarely happens now, a senior official told a newspaper on Monday. Read more of this post

Some 14 years since it adopted its unique knowledge-oriented management, retail giant E-Land is seeing the positive results of its efforts, overcoming the sluggish domestic economy by increasing global sales

2013-12-22 18:13

E-Land expands global portfolios

By Park Ji-won

Some 14 years since it adopted its unique knowledge-oriented management, retail giant E-Land is seeing the positive results of its efforts, overcoming the sluggish domestic economy by increasing global sales. Read more of this post

Russia ’98 Crisis Haunts Deutsche Bank’s Smith Seeing China Bust

Russia ’98 Crisis Haunts Deutsche Bank’s Smith Seeing China Bust

China’s push to open up its economy is winning praise from Goldman Sachs Group Inc. to Morgan Stanley and Jefferies Group LLC, which predicted last month a “massive” multiyear bull run for stocks. Read more of this post

Apple: The Great Call of China; A Long-Anticipated Deal With China Mobile Is Finally Here—but the Stock Seems to Have Priced Much of It in Already

Apple: The Great Call of China

A Long-Anticipated Deal With China Mobile Is Finally Here—but the Stock Seems to Have Priced Much of It in Already

DAN GALLAGHER

Dec. 5, 2013 2:41 p.m. ET

Many a market rally has been built on the strength of one word: China. But as AppleAAPL +0.51% strikes a deal with that country’s—and the world’s—largest wireless carrier by subscribers, investors should be wary of overplaying it. Read more of this post

What are investors’ best bets for 2014? World’s leading money managers weigh in.

What are investors’ best bets for 2014? World’s leading money managers weigh in.

Sunday, December 22, 6:30 AM

Following the Standard & Poor’s 500-stock index’s record high in November, will stocks continue their ascent amid what is likely to be lackluster global expansion in 2014? In September, the Federal Reserve’s unexpected delay in tapering its stimulus program whipsawed debt markets. Last week it announced it would begin tapering. Where should bond investors go for returns? Read more of this post

Hyundai Group folds financial business; to Raise at Least 3.3 Trillion Won Selling Assets

Hyundai Group to Raise at Least 3.3 Trillion Won Selling Assets

Hyundai Group, owner of South Korea’s second-largest shipping company, plans to sell assets including financial units and a hotel for at least 3.3 trillion won ($3.1 billion) to boost cash. Read more of this post

An exercise in prolonging a banking credit crunch

December 22, 2013 6:36 pm

An exercise in prolonging a banking credit crunch

By Wolfgang Münchau

The lousy agreement on banking union will produce the financial sector equivalent of austerity

The agreement on a eurozone banking union is neither a glass half full, nor half empty. As many commentators are saying, last week’s deal is hideously complex, and a common resolution mechanism without a fiscal backstop for failed banks is pointless. Read more of this post