posted at 23:50
Author Name: Mike Bird
European Markets Open Dec 3 2014
REUTERS/Alexander ZemlianichenkoRussian President Vladimir Putin has made southern Europe angry. Latin America's economies, hit by falling investment, will grow just 1.1 percent in 2014 - their lowest level in five years, a UN commission on the region said Tuesday. General Motors and its Chinese joint ventures sold 310,094 vehicles in China in November, up 5.3 percent from the same month a year earlier, the US automaker said on Wednesday. The economy expanded by 0.3 percent in the three months to September, down from 0.5 percent in the previous quarter, to take the annual rate of growth to 2.7 percent. New rules to make banks safer after the credit crisis are imperfect and could boost less-regulated activities in the so-called shadow banking system, according to the Office of Financial Research. The body also said that the Federal Reserve's annual check of the financial health of the banking system, known as stress tests, fell short on several counts. The bank thinks there's a chance of an "Ultra-bull" scenario as the central bank keeps easing, according to Bloomberg. Shanghai stocks are already up 34.8% this year.

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