A round-up of the top stories from the specialist financial media, including news that Morgan Stanley has reached a settlement with MBIA
Morgan Stanley reaches settlement with MBIA
Morgan Stanley today announces a comprehensive settlement with MBIA that better positions the Firm for Basel III by resolving outstanding legacy exposures and releases capital to reinvest in our client-focused businesses.
Senior European officials said Tuesday it could be difficult to convert last week's political deal among European Union member states into a watertight legal pact, signaling a fresh concern about the region's latest response to the debt crisis.
Inflation eased in November for a second successive month, chiming with Bank of England forecasts and bolstering expectations the central bank will have scope to provide additional stimulus to the sluggish economy next year.
Citi’s Buiter and Rahbari warn of international trade protectionism and repression
Citi’s chief economist Willem Buiter and global economist Ebrahim Rahbari warn the markets of financial and trade protectionism and “repression” but emphasise that emerging markets will create buoyancy for the world economy during the sovereign debt crisis.
Despite emerging markets being heralded as the place for sustainable growth and a flight to safety, reports and statistics reveal that India isn’t the golden goose that keeps on giving.
