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Canada housing boom expected to cool, crash fears linger: Reuters poll

By Leah Schnurr and Deepti Govind (Reuters) - Canada's housing market boom will fade out over the next three years and although analysts say prices won't fall from record highs most are at least somewhat worried about the risk of a crash, a Reuters poll found. In the survey of 16 forecasters, eight said they were "slightly concerned" that after more than a decade of rapid increases in home prices, they may be at risk of a sharp fall.

Tighter policy a tool to deal with U.S. systemic risk: Fed's Tarullo

By Douwe Miedema ARLINGTON, Virginia (Reuters) - The Federal Reserve's top regulator waded into the debate over whether monetary policy should be tightened in the face of financial stability risks, saying on Tuesday that such a move cannot be "taken off the table." Fed Governor Daniel Tarullo, the U.S. central bank's point person on financial supervision, said that while investors are taking on more risks in high-yield corporate bonds and leveraged loans, for example, overall there is not a need to change policy at the moment.

Singapore says 'too early' to relax property cooling measures

Singapore said Friday that measures it had implemented to cool down the property market have succeeded but it was "too early" to relax them. The remarks by Finance Minister Tharman Shanmugaratnam in parliament came amid concerns by analysts about property prices soaring to unsustainable levels in emerging markets, including those in Asia. "Our cooling measures have been aimed at moderating the market so as to prevent property prices from getting too far out of line with incomes," Shanmugaratman said as he unveiled the 2014 national budget.

Exclusive: EU executive sees personal savings used to plug long-term financing gap

By Huw Jones LONDON (Reuters) - The savings of the European Union's 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says. The EU is looking for ways to wean the 28-country bloc from its heavy reliance on bank financing and find other means of funding small companies, infrastructure projects and other investment.

Dubai house prices forecast to reach pre-crisis levels next year

DUBAI (Reuters) - Dubai house prices are only 15 percent short of their 2008 peak and will return to those pre-crisis highs within 18 months, consultant Jones Lang LaSalle (JLL) said on Monday. The emirate outpaced all major property markets last year, with prices climbing more than 22 percent as billions of dollars of government real estate projects triggered a buying binge among investors.

Next wave of super-rich heading for London as new crises bite

By Chris Vellacott LONDON (Reuters) - Political and financial upheaval in some of the world's largest emerging economies is driving a new wave of rich migrants to London's supercharged property market as a place to park their wealth, data from a leading real estate agency showed on Friday. Knight Frank, a specialist in upmarket properties, said it had seen online enquiries about British homes from crisis-hit countries such as Argentina, Ukraine and Turkey soar over the past year.

Asian shares follow Wall St down after poor US data

Asian markets slumped Tuesday, following a huge sell-off on Wall Street as disappointing US economic data compounded already deep fears about emerging markets. Traders were also spooked by a warning from Treasury Secretary Jacob Lew, who warned that the US borrowing limit will be reached on Friday, renewing fears of a Washington stand-off and possible default. Tokyo dived 2.62 percent by the break, Hong Kong sank 2.15 percent after a four-day holiday weekend, Sydney fell 1.33 percent and Seoul was 1.41 percent lower.

Fed draws criticism from abroad as emerging markets still reeling

By Neha Dasgupta and Jonathan Spicer MUMBAI/NEW YORK (Reuters) - The Federal Reserve's decision to keep trimming its economic stimulus drew fire on Friday as India's central bank chief said Americans should be more attuned to the global impact of their policies, and the IMF called for vigilance given strains in financial markets.

In Zimbabwe, fears of a new financial crisis

After years of relative calm, beleaguered Zimbabweans are bracing for a renewed economic and financial crisis that could see their country become a silent victim of the emerging markets selloff. Despite President Robert Mugabe's lofty pre-election promises, six months into his new tenure, alarm bells are ringing in every corner of this $11 billion economy.

U.S. stimulus cut to have little impact on S. Korea: gov't

SEOUL/SEJONG, Jan. 30 (Yonhap) -- The move by the U.S. Federal Reserve to further reduce its monthly bond purchases by US$10 billion will have little impact on South Korea, the government's top economic policymaker said Thursday. Finance Minister Hyun Oh-seok said in a meeting of government officials and market watchers in Seoul that in light of South Korea's solid economic fundamentals, any effect of the stimulus cut announced by the Federal Open Market Committee (FOMC) will be limited.
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