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astorcapital

  1. World Bank cut its 2012 growth forecast for China this yr to 8.2%, from 8.4% previously. (5/23/12)
  2. The CME group refused to improve on its GBP 1.05 Bln bid for the 135yr old LME. ICE and HK Exchange still remain in the hunt. (5/23/12)
  3. The Brazilian currency, the real, has weakened 25% against the US dollar since July ’11. (5/23/12)
  4. Brazil’s CB sold over U$ 2 Billion in derivatives in its biggest attempt this year to strengthen its currency. (5/23/12)
  5. Euro banks stand ill prepared for contagion of a Greek exit w/ over $1.19 Tln of debt to Spain, Port, Italy & Ireland [Blmbrg]. (5/23/12)
  6. Greece's former PM warned of "catastrophic consequences" stemming from a Greek exit from the EUR. (5/23/12)
  7. UK Deputy PM Clegg signaled a fresh emphasis on growth, a shift from lurid warnings by UK ministers about the debt crisis. (5/23/12)
  8. OECD joins call for Eurozone bonds. (5/23/12)
  9. Germany rules out common Eurozone bonds. (5/23/12)
  10. European Mkts: EUR fell to its lowest/weakest level since Aug 2010. (5/23/12)
  11. MAY 23: Egypt votes for president in the first presidential election since last year’s revolution. (5/21/12)
  12. DTCC = Depository Trust & Clearing Corporation. (5/21/12)
  13. US securities post-trade group, DTCC picked Singapore as location for its first data center in the region as it steps up global expansion.
  14. China’s premier said that the country will focus on aiding growth. (5/21/12)
  15. The G8 joint statement on oil stated that there will be extra supply if a sanction with Iran leads to a surge in prices. (5/21/12)
  16. UK’s BoE Prez King in a statement hinted at the BoE possibly easing. Following the statement, the GBP weakened. (5/17/12)
  17. Japan’s GDP growth rate of 4.1% is over 3 times better than forecast ‘12 real average growth in the G10 economies. (5/17/12)
  18. Japan is the world’s third-largest economy and a G10 member country. (5/17/12)
  19. Japan’s Cabinet Office announced that Q1 GDP grew 1%, slightly above mkt exp and better then Q4 ’11 of +0.1% growth. (5/17/12)
  20. Spain's borrowing costs rose at a EUR 2.5 Bln auction for 3 & 4 yr notes. (5/17/12)