A round-up of the key stories across the specialist financial media, including how the EU monetary chief sees that 10 days will be needed to rescue the eurozone
EU monetary chief sees 10 days to rescue euro zone
Europe faces a crucial 10 days to save the euro zone after agreeing to ramp up the firepower of its bailout fund but acknowledging it may have to turn to the International Monetary Fund for more help to avert financial disaster.
Insurers and reinsurers may join hedge funds and private equity firms in bidding for assets as distressed European lenders raise capital to withstand the region’s debt crisis
German one-year bond yields have turned negative for the first time on record, as investors sought the short-term debts of Europe’s arguably safest haven amid increasing fears that the world’s largest currency bloc could unravel
Turkish bond yields are rising faster than the rest of emerging-market debt and still can’t entice the world’s biggest investors, who say policy makers won’t curb inflation unless they take steps to slow growth.
For the first time in three years, China has eased monetary policy by cutting the amount of deposits that banks must hold in reserve, in a sign of Beijing’s unease over slowing growth in the country.
Japanese authorities may take weeks to make any arrests over the accounting scandal at Olympus Corp, though initial findings by an investigative panel of experts are due to be released in days, lawyers said.
