Markets will be watching three major policy speeches Thursday, including President Obama and Fed Chairman Bernanke, but the speaker that may be most dramatic may be out of Europe.
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Chinese policymakers are tolerating moderately faster yuan appreciation to help curb inflation, though there is a limit to how much they will stomach if currency strength starts to hurt the vast export sector and the broader economy.
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Chinese economists said the U.S. credit rating downgrade by Standard & Poor's poses great risk to financial markets and expect it to prompt China, the world's biggest holder of U.S. Treasuries, to accelerate the diversification of its holdings.*
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US banks should be allowed to take a hit from risky investments if the free market is to be preserved, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC Monday.
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With persistent uncertainty over the* Greek government's policies and over the EU's ability to agree on a solution, the euro should be on shaky ground, according to some analysts.
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Answering the question whether Greece is too big to default and the fallout if it does fail, with Gabriel de Kock, Morgan Stanley and CNBC's Steve Liesman and Michelle Caruso-Cabrera.
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The world's biggest banks are likely to be hit by capital surcharges that increase progressively based on a lender's size, how connected it is to other banks and how easily it could be replaced in a crisis, global regulators have told the Financial Times.
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