Jack Crooks: This week global central banks announced a coordinated effort to inject liquidity into credit markets. From Reuters : Ă˘â‚¬Ĺ“The central banks of the United States, euro zone, Japan, Canada, Britain and Switzerland announced on Wednesday coordinated global action to provide liquidity to the financial system, lowering the price on existing dollar swaps.Ă˘â‚¬Âť As frequently as these monetary powers must work together in world-saving plans, this is only the third instance of this particular type of announced collusion. The first was in December 2007.
MSCI, the worldĂ˘â‚¬â„˘s premier provider of international indexes, this week launched a new series of China-focused indexes that include China-based companies whose shares arenĂ˘â‚¬â„˘t listed in China and arenĂ˘â‚¬â„˘t yet in any MSCI China indexes, including firms such as ChinaĂ˘â‚¬â„˘s Google, Baidu. The MSCI Overseas China Indices are designed to capture the investable universe of Chinese securities outside Greater China, covering Chinese securities listed on the NYSE Euronext – New York, Nasdaq, New York AMEX and the Singapore Exchange, MSCI said in a press release