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- Japan Aug Watchers' Index 45.1 Vs July 49.8, 1st Drop In 2 Mths -- Japan Aug Watchers' Forward-Looking Index 40.0 Vs July 46.6 -- Japan Watchers' Outlook Index Down For 4th Month In Row -- Japan Govt Downgrades View: Move For...

Wed, 09/08/2010 - 02:53

The Chinese banking regulator has acknowledged the systemic risk posed by the country's lenders, urging them to tighten up risk controls. The statement from Liu Mingkang, who is director of the China Banking...

Wed, 09/08/2010 - 03:14

Eurozone banks can't depend on the European Central Bank's exceptional measures forever and the central bank is likely to continue to withdraw the support next year, National Bank of Belgium Governor Guy Quaden said in an...

Wed, 09/08/2010 - 04:19

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FinSys Update:EU Leaders Agree On Bilat Loans W/IMF For Greece

WASHINGTON (MNI) - The following are events and news reported Friday ET related to the financial crisis and other top news in the global financial system:

Repeat:House Passes Reconciliation Bill;Obama To Sign Into Law

By John Shaw

WASHINGTON (MNI) - The House passed Thursday evening the health care reconciliation bill which was approved hours earlier by the Senate.

The House passed the bill on a 220 to 207 vote, sending it to President Obama for his signature.

UK Data: House Prices Fall 0.3% On Month In Feb: LandReg

LONDON (MNI) - UK house prices fell modestly on the month in February, according to the Land Registry data series, with the fall markedly smaller than those shown in leading private sector surveys.

The Land Registry data showed house prices down 0.3% on the month in February, to stand up 7.0% on the year. The February Nationwide house price survey showed a fall of 1.0% on the month and the Halifax a 1.5% drop on the month.

Euro Credit: New Issues Market Ends Busy Week On Subdued Note

LONDON, Mar. 26 (MNI) - After another busy week for new issues, it has been a relatively subdued session for European credit and equity markets so far today, with the result that there are only a couple of deals to add to the pipeline this morning.

Dong Energy is to issue a 30 year fixed rate deal in Sterling. Price talk is in the government bonds plus 120 basis points area and the leads are Barclays, Deutsche Bank and SocGen.

Euro Credit: New Issues Market Ends Busy Week On Subdued Note

LONDON, Mar. 26 (MNI) - After another busy week for new issues, it has been a relatively subdued session for European credit and equity markets so far today, with the result that there are only a couple of deals to add to the pipeline this morning.

Dong Energy is to issue a 30 year fixed rate deal in Sterling. Price talk is in the government bonds plus 120 basis points area and the leads are Barclays, Deutsche Bank and SocGen.

Moody's: New ECB Collateral Rules Reduce Greece Liquid. Risk

FRANKFURT (MNI) - The following is the verbatim text of a press release, issued today by Moody's Investors Service:

London, 26 March 2010 -- The announcement by the European Central Bank (ECB) yesterday that it would maintain its minimum credit rating threshold for collateral at Baa3 reduces liquidity risk, most immediately for Greece, but also potentially for other countries in the Eurozone, Moody's Investors Service said today in a special comment entitled "New ECB Collateral Rules Enhance Short- and Long-Term Financial Stability in the Eurozone."

Germany Seeks Bids On E4 Bn 12-Mn Bubills;Sale Mar 29

FRANKFURT (MNI) - The German federal government is seeking bids on E4 billion in new 12-month bubills, the Bundesbank confirmed Friday.

Bids are due by 0900 GMT on Monday, March 29. The announcement of the auction results will be made shortly thereafter.

The bubills will settle on Wednesday, March 31 and mature on March 30, 2011.

Germany Upper House OKs 2010 Budget; Net Borrow E80.2 Bn: TV

BERLIN (MNI) - Germany's upper house of parliament, the Bundesrat representing the 16 states, passed the 2010 federal budget bill, which foresees an increase in federal net new borrowing to E80.2 billion from E34.1 billion last year, German TV reported Friday.

The Bundestag, the lower house of parliament, already approved the bill last Friday.

The marked rise of federal net new borrowing in 2010 is mainly due to lower tax revenue and higher unemployment-related spending caused by the sharp economic downturn.

Featured Staff Writers

Vicki Schmelzer

Senior FX Reporter
Foreign Exchange reporter at MNI. Author of the daily FXSpot column.
Vicki Schmelzer

Steve Beckner

Senior Federal Reserve Correspondent
Known for exclusive reporting on monetary policy.
Steve Beckner

Phillip Day

Asia News Editor
Expert on Asian economies and financial markets.
Phillip Day

Johanna Treeck

ECB Correspondent
European Central Bank reporter for Market News.
Johanna Treeck