Colombia: Colombia Will Raise Liquidity Requirements for Brokerages
According to Reuters, Colombia’s financial regulator decided to increase the share of liquid assets that brokers must hold from November on. Fruther, the regulator will change the methodology to measure liquidity risk and impose limits on it. This move is meant to reduce exposure to risks and follows a series of further measures that have been implemented since the collapse of Interbolsa brokerage in 2012.
United Kingdom: UK Deficit Falls to Lowest Level Since Start of Financial Crisis
As The Guardian reports, the UK Government borrowing fell to £107.7bn in the fiscal year to the end of March 2014 from £115.1bn a year earlier, scraping in just below the £107.8bn target outlined by the Treasury’s independent forecaster, the Office for Budget Responsibility (OBR), in last month’s budget. Full-year borrowing as a percentage of GDP fell from 7.4% in 2012-13 to 6.6%, which was the lowest since 2007-08.
South Korea: South Korea Economic Growth Beats Forecasts
As reported by the BBC News, South Korea’s economy grew more than forecast in the first quarter, helped by a jump in construction and exports. Asia’s fourth-largest economy expanded by 3.9% in the January-to-March quarter from a year earlier. Many analysts had forecast growth of 3.7%.
China & Japan: Why China’s Economy is Still Lagging Japan
This CNBC article argues that even though China has superseeded Japan as the world’s second largest economy, China is still far behind Japan in terms of many economic variables.
Eurozone: Greece and Portugal Boost Eurozone
The Guardian reports that the recent positive news from Greece and Portugal confirm that the recovery in the Eurozone is still on track. Greece posted a primary budget surplus and Portugal made a successful return to the bond markets for the first time in three years.