India: RBI to jump on easing train soon
The Reserve Bank of India (RBI) stood pat on monetary policy Tuesday, ignoring growing clamor for a rate cut in the face of lackluster growth and easing inflation. (Source: CNBC)

Japan: S&P doubts Japan government will have detailed fiscal consolidation plan
Standard & Poor’s on Tuesday cast doubt on Prime Minister Shinzo Abe’s ability to repair Japan’s tattered finances less than two weeks away from a snap election, after Moody’s downgraded the country’s sovereign debt rating. (Reuters)

Uruguay: Uruguay’s Vazquez wins presidential vote, extends leftist rule
Tabare Vazquez won back his old job as president of Uruguay in a runoff election on Sunday, extending the decade-long rule of a leftist coalition. (Source: Reuters).

Sweden: Swedish PM says to resign if loses Wednesday budget vote: Swedish daily
The head of Sweden’s new minority government will resign if the opposition wins a budget vote on Wednesday with support from the anti-immigration Sweden Democrats, a paper quoted him as saying on Tuesday. (Source: Reuters)

China: Caixin Explains: The PBOC’s Deposit Insurance Proposal
On 30 November, the People’s Bank of China formally announced the proposal of a deposit insurance scheme. The new system aims at protecting deposits up to CNY 500,000 per person and bank. (Source: Caixin)

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