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South African policy makers are looking at whether they should maintain stimulus measures as the economy hasn’t been as affected by the global recession as other countries, central bank Deputy Governor Xolile Guma said.
“Certainly in South Africa, we’ve been taking a look at it, because we were not affected as seriously as other […]

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South Korea’s exports rose for the first time in 13 months in November.
Overseasshipments gained 18.8 percent from a year earlier to $34.3 billion, the Ministry of Knowledge Economy said today in Gwacheon. The median estimate of 12 economists surveyed by Bloomberg News was for a 22.8 percent increase. Imports rose 4.7 percent to […]

A senior Federal Reserve official said on Sunday the central bank should keep alive a mortgage-backed securities buying program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.
“I have advocated to keep the asset purchase program open but at a very low level, and […]

Real-estate private-equity giant Lone Star Funds LS.UL is cutting some of its fees as it tries to raise $20 billion to buy pools of troubled mortgages and other kinds of distressed debt, the Wall Street Journal reported on its website on Tuesday.
Lone Star, led by John Grayken, reduced the minimum management fee it will […]

Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.
Talecris Biotherapeutics Holdings Corp, controlled by private equity firm Cerberus Capital Management LP CBS.UL, on Friday set terms for its planned $849.3 million IPO, signaling […]

We are always reinventing ourselves. In the beginning, when we are very new, we reach for gravity, adopting silly pinstripes and tight shoes.
Later on, when youth is but a memory, we start dressing like hipsters. Some of us don’t even shave, we’re so youthful, even though the beard that comes in is chased […]

The Securities and Exchange Commission should overhaul management and take advantage of the hungry, experienced lawyers it employs, so that when the next Bernard Madoff is staring in its face, it will catch him.
That’s the assessment of lawyers who once held top positions at the SEC, whose own inspector general blasted it this week […]

When do you know that the economy is on the mend?
When the wealthy start spending again. And the rich aren’t expected to start digging into their Birkin bags anytime soon.
The luxury market, historically resilient to economic downturns, is forecast to drop an unprecedented 10 percent this year, according to a June report […]

When New Frontier Bank failed in April, regulators failed to find a buyer, forcing the FDIC to absorb the roughly $2 billion in assets that were once owned by the Colorado-based lender.
But what the FDIC may not have anticipated at the time was that the agency would be stuck with a grab-bag of other […]

Japan ordered Citigroup to suspend sale promotions for a month at its retail bank for lax oversight against money laundering, in the struggling U.S. bank’s second brush with Japanese regulators in five years.
The Financial Services Agency said Citigroup (C, Fortune 500) had not developed adequate systems to detect suspicious transactions such as money laundering, […]