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Financial News

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.

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.

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.

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.

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.

Brambles Chief Executive Tom Gorman to Visit China, Seeks India Expansion Brambles Ltd. Chief Executive Officer Tom Gorman will visit China in January to define the company’s plans in the world’s third-biggest economy.

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.

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.

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.

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.

General News

Coal-Mine Explosion Death Toll Rises to 87 in Northeast China, 21 Missing A coal-mine explosion killed 87 miners and left 21 missing in northeastern China, Xinhua News Agency said on its Web site.

North Korea Proposes Talks on Tourist's Shooting 2008 Death, Yonhap Says North Korea has proposed an inter- Korean dialogue that may lead to Seoul officials being allowed to visit the site where a South Korean tourist was shot to death in July 2008, Yonhap New reported.

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.


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