Top Interest Rate Headlines 12-27-2011: Jean-Claude Trichet: A Centralized Europe Is A Globalized Europe

Jean-Claude Trichet: A Centralized Europe Is A Globalized Europe 
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Greek conservatives drop February election demand
Reuters
Greece's conservative New Democracy party dropped its insistence on holding elections as early as February 19 on Tuesday, potentially giving technocrat Prime Minister Lucas Papademos a few more weeks to pass reforms and get a vital debt restructuring deal.
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MetLife sells bank deposits to GE Capital
FT.com
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China Investment Wave Unlikely to Swamp EU
CNBC
The sign in a boutique selling glass hand-crafted on the Venetian island of Murano betrays an uncertain grasp of English. But the owner is very sure who is to blame for the tough times confronting the 700-year-old local glass making industry.
http://jlne.ws/t4V2sD

Finra Fines Credit Suisse $1.75 Million for Alleged Short-Sale Violations
WSJ.com
The Financial Industry Regulatory Authority fined Credit Suisse Group AG $1.75 million for allegedly violating Regulation SHO and failing to properly supervise short sales and marking sale orders.
http://jlne.ws/rruM73

Treasury Sees U.S. Debt Near Limit By End Of Friday
WSJ.com
The U.S. debt will come within $100 billion of its ceiling on Friday, and the Treasury Department anticipates the Obama administration will begin steps to seek a $1.2 trillion increase in the limit.
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Conflicting signals for U.S. economy
Reuters
As 2011 draws to an unspectacular close, U.S. economic data are sending thoroughly mixed messages about the near-term path of the recovery. That’s not particularly reassuring given the still enormous risks emanating from Europe – but it’s better than the unequivocal weakness that prevailed during the first half of the year.
http://jlne.ws/snGE6i

CME Group Fines Trader $50,000 Over Rogue Algorithm
WSJ.com
CME Group Inc. (CME) on Friday fined a trader at Infinium Capital Management $50,000 for unleashing an automated trading strategy that erroneously bought thousands of crude-oil futures over the course of three seconds.
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Deutsche Boerse Plans To Continue Growth In 4 Areas In '12
Nasdaq.com/Dow Jones
German exchange operator Deutsche Boerse AG (DB1.XE) Tuesday said it will continue growth initiatives in the areas of risk management, clearing, sales and products in 2012.
http://jlne.ws/sNfEUO

Nation urged to increase holdings of gold
China Daily
China should further diversify its foreign-exchange portfolio and make more gold purchases when the metal's price dips but is still at a relatively high level, a senior central bank official said on Monday.
http://jlne.ws/sIEr5c

Online shopping jumps 16% Christmas Day
The Globe And Mail
A growing number of shoppers apparently need only the briefest of breaks before diving back in, especially if they can log in to shop. IBM found that online shopping jumped 16.4 per cent on Christmas Day over last year, and the dollar amount of those purchases that were made using mobile devices leaped 172.9 per cent.
http://jlne.ws/sBFz5Q

Schaeuble vows to push for financial transaction tax
Reuters
German Finance Minister Wolfgang Schaeuble vowed in an interview published on Sunday to push ahead for a financial transaction tax in the European Union in 2012 despite objections from Britain that it could harm London as a global financial centre.
http://jlne.ws/ulct6D

Consumer Confidence Index Surges In December
Fox News
Americans are gaining faith that the economy is on the upswing. An improving job outlook helped the Consumer Confidence Index soar to the highest level since April and near a post-recession peak, according to a monthly survey by The Conference Board. It marked the second straight monthly surge and coincided with what's wrapping up to be decent spending for the holiday shopping season.
http://jlne.ws/t60nDl

Banks still waiting on most Dodd-Frank rules
The Washington Post
A year and a half has gone by since the Dodd-Frank financial reform act was signed into law, but barely a quarter of the rules in the legislation have been finalized, though federal regulators are rolling out key components of the bill.
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