Sunday, January 08, 2012

Quick Overview

  • The U.S. economy created 200,000 non-farm payroll jobs last month -- unemployment fell to 8.5%.


  • Central bankers and regulators in the EU, U.S and Japan have agreed to face 'detailed' peer reviews over how well they are implementing new international bank capital rules.

  • David Cameron suggested on Sunday that legislation to curb excessive executive pay, including giving shareholders new voting powers, could begin in the spring. The High Pay Commission conducted an inquiry that found that the pay of top executives at FTSE companies had risen by more than 4,000 per cent on average in the last 30 years.

  • Brazil's inflation rose to 6.5% in 2011, up from 5.91% in 2010

  • The unemployment rate in the Eurozone stayed at 10.3 % in November, unchanged from October.

  • Canada's unemployment rate rose to 7.5% in December

  • Swiss inflation rate fell to 0.2% in 2011.

  • Insurance companies in China collected $226.4 billion of premiums last year, up 10.4% YoY

  • David Cameron has said he would veto a European-wide financial transaction tax unless it was imposed globally, deepening a confrontation with France and Germany.

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