December 21, 2009
- Chinese banks may need to raise more than $73 billion in capital in 2010, a senior banking regulator said Monday. Ilian Mihov from INSEAD told CNBC the idea of China's banks raising capital is a "very good act; it's a pre-emptive strike against the same kind of scenario that we saw in the US."
December 18, 2009
Bloomberg - Vincent Del Giudice and Thomas R. Keene - The U.S. economy remains mired in a recession, prospects for next year are weak and home prices may resume declines, Harvard University economics professor Martin Feldstein said.
BusinessWeek - John Gittelsohn and John Detrixhe - The outlook for U.S. homebuilders improved to "stable" for the first time in almost four years, Moody's Investors Service said today, citing rising sales and the most affordable property market in years.