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From: "CFA Institute Financial NewsBrief: Asia Pacific Edition" <cfa_ap@smartbrief.com>
Date: Mon, 6 Oct 2014 17:30:20 -0500 (CDT)
To: <mainandwall@yahoo.com>
Subject: U.S. subprime murkiness is back, regulators take notice
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Sporadic fighting threatens truce in Ukraine Ukraine is struggling to establish an agreed-on buffer zone between government and opposition forces with sporadic fighting reported in several eastern areas Monday. NATO expressed concern about the festering violence and called on Russia to restrain rebel forces to secure the truce. Bloomberg (10/6) Policymakers squabble over ECB asset purchase plan Even as the European Central Bank contemplates quantitative easing to lift a moribund eurozone economy, its more modest plan for asset purchases is running into difficulties. Policymakers are disputing the ECB's decision to seek outside expertise for the purchases as well as the extent of the program and how the purchases would be implemented. Reuters (10/6) World Bank: China growth to slow in 2015 as region outperforms The World Bank is forecasting 7.2% growth for China next year but paints a brighter picture for the rest of the East Asia-Pacific region, with gains expected to exceed those for other developing areas. Globally, however, gross domestic product this year is projected to grow 2.6%, down substantially from the bank's prediction of 3.2% in January. CNBC (10/6) Goldman, BlackRock split over when U.S. Fed will raise rates Financial giants Goldman Sachs Group and BlackRock are at odds over how soon the U.S. Federal Reserve will lift interest rates after last week's encouraging employment report. Goldman says the Fed will hold off until the third quarter next year, but BlackRock anticipates a much quicker move given growing evidence of a healthy economy. Bloomberg (10/6)  | Bloomberg's Portfolio & Risk Analytics gives you everything you need to manage your portfolio in real-time. Find out more. | | | | | | Economic Trends & Outlook | German factory orders in deep skid German factory orders fell 5.7% in August, more than double the amount forecast and the sharpest decline in five years. The drop is thought to reflect a wider second-quarter slump and loss of confidence as the eurozone struggles and geopolitical tension continues to bubble up in Ukraine. Bloomberg Businessweek (10/6) Taiwan maintains steady growth outlook For the seventh straight month, Taiwan's National Development Council reported stable economic growth in August. The composite score for the "green" signal was up two points with particular strength noted in the industrial production index and traditional electromechanical equipment imports. China Economic News Service (Taiwan) (10/6) World Bank sees below-potential growth in Vietnam The World Bank forecasts cooling inflation and a stable economy for Vietnam, with 5.4% growth this year ticking up to 5.5% in 2015. However, the bank notes missed potential for greater growth given low domestic demand and structural problems posed by Vietnamese banks and state-owned enterprises. Reuters (10/6) Laos growth forecast raised The World Bank raised its growth outlook for Laos' economy this year to 7.5% from the earlier 7.2%, citing stronger-than-expected performance of the wood and construction industries. In 2015, growth is expected to fall back to 6.4% before picking up again. Xinhuanet.com (China) (10/6) | | Capital Markets & Financial Products | Investors have second thoughts on Indonesia Signs that Indonesia's opposition is gaining increasing political strength are raising doubts about newly elected President Joko Widodo's ability to implement reforms and stocks are falling. The Jakarta Composite Index has fallen 3.3% this month after a coalition of opposition parties won the speakership of parliament, where the president's backers hold only 37% of the seats. Bloomberg (10/6) | Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions.
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