Investors pull $40 billion from emerging market assets in Q3 – IIF + MORE

[Buzz_Burner_Fresh_Updates] Chicago PMI declined sharply in September – feedburner.com Chicago PMI: Sep Chicago Business Barometer Down 5.7 Points to 48.7 The Chicago Business Barometer declined 5.7 points to 48.7 in September as Production growth collapsed and New Orders fell sharply.The drop in the Barometer to below 50 was its fifth time in contraction this year […]

UPDATE 1-Screws turn on Glencore's debt + MORE

[Buzz_Burner_Fresh_Updates] Limited scope for big M&A in banking industry-UBS CFO – reuters.com ZURICH, Sept 29 (Reuters) – Tougher capital rules and new banking laws mean there is limited scope for major mergers and acquisitions in the industry, the finance chief for Switzerland’s biggest bank, UBS, said on Tuesday. Continue Reading On reuters.com ยป UPDATE 1-Screws […]

ECB money printing slows slightly in latest week

[Buzz_Burner_Fresh_Updates] ECB money printing slows slightly in latest week – reuters.com FRANKFURT, Sept 21 (Reuters) – The European Central Bank bought 12.25 billion euros ($13.78 billion) of public sector assets last week as part of its quantitative easing programme, it said on Monday. For more detail on the ECB’s asset purchases, please click: https://www.ecb.europa.eu/mopo/implement/omo/html/index… Continue […]

UAE's NBAD and National Bank of Egypt to advise on Egypt Midor's $1.4 bln expansion

[Buzz_Burner_Fresh_Updates] UAE's NBAD and National Bank of Egypt to advise on Egypt Midor's $1.4 bln expansion – reuters.com DUBAI, Sept 17 (Reuters) – National Bank of Abu Dhabi (NBAD), the United Arab Emirates’ largest lender by assets, and National Bank of Egypt will be financial advisers for Egypt’s Middle East Oil Refinery Company’s (Midor) $1.4 […]

China to let foreign c.banks trade in forex market + MORE

[Buzz_Burner_Fresh_Updates] Fitch Downgrades Oschadbank to 'RD'; Upgrades to 'CCC' – reuters.com (The following statement was released by the rating agency) MOSCOW/LONDON, September 14 (Fitch) Fitch Ratings has downgraded JSC State Savings Bank of Ukraine’s (Oschadbank) Long-term foreign currency Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’ and then upgraded it to ‘CCC’. The […]

Fitch: Nippon Life's Ratings Unaffected by Acquisition of Mitsui Life + MORE

[Buzz_Burner_Fresh_Updates] Fitch: Nippon Life's Ratings Unaffected by Acquisition of Mitsui Life – reuters.com (The following statement was released by the rating agency) HONG KONG/TOKYO, September 14 (Fitch) Fitch Ratings says that Nippon Life Insurance Company’s (Nippon Life, Insurer Financial Strength (IFS): A/Stable) ratings will not be affected by the planned acquisition of Mitsui Life Insurance […]