Big Banks Join Greek Debt Swap
By Thursday Greece must win over the rest of the participants to exchange new bonds for old, or it will invoke collective action clauses to compel additional bondholders to participate. The target is to reduce the country’s privately held debt of 206 billion euros ($270 billion) by 53.5%.
China Encourages Capital Inflows through Expedited QFII
China has broadened approvals for its Qualified Foreign Institutional Investor program since October, reversing a previous approval freeze that held investors at bay from May to October; according official data that were released Thursday.