Monday, September 13, 2010

Quick Overview

  • Global banking regulators in Basel, Switzerland have reached a deal on key parts of a major capital reform package, increasing the key capital ratio for the world’s banks to 7%.

  • Container volume through Hong Kong rose 9.7 percent in July after growing by double digits in each of the year's first six months, the Hong Kong Port Development Council reported.

  • China's industrial value-added output growth accelerated to 13.9% YoY in August from July's 13.4 % growth.
  • China’s retail sales growth accelerated to 18.4% in August.
  • Chinas exports grew 34.4 % YoY in August, slowing from July's 38.1, while imports rose 35.2 % in August, sharply up from the 22.7% in July
  • China's broad money supply (M2) rose 19.2% YoY by the end of August, up 1.6% from July.
  • YoY Chinas CPI rose 3.5% in August, the second consecutive month the CPI has exceeded the government's full-year target of 3 percent. Food prices, which have about a one-third weighting in the calculation of the CPI, rose 7.5% YoY. This is up from the 6.8% rise in July and 5.7% growth in June.

  • The Indian Shipping Ministry said it plans to augment the country's overall port capacity from the current 1 billion tons to 3.5 billion tons over the next 10 years

  • Japan and India reached a bilateral free trade agreement in Tokyo on Thursday. The pact will eliminate import tariffs on most products traded between the two giant Asian economies within 10 years.

  • YoY Spaish home sales rose 16.4%

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