Euro Drop to $1.20 Seen by Nomura on No Crisis: Chart of the Day

The euro will weaken more than 5 percent against the dollar by June in a slide that option traders forecast will be slower than the tumble during Europe’s debt crisis in 2012, according to Nomura Holdings Inc.

Norway Oil Riches Up for Grabs as Anti-Tax Group Set to Win

Norway’s Sept. 9 election is set to open up a debate on how much of the nation’s oil wealth can be funneled straight into Scandinavia’s richest economy.

Norway Misses Haven Fest as Record Issuance Looms: Nordic Credit

Norway faces higher borrowing costs next year as the AAA rated nation plans record bond issuance amid a potential drop off in demand from foreign buyers.

Peru to Seek Investments From Singapore State Investment Firms

Peru will seek investments from Singapore’s sovereign wealth firms after they indicated interest in the Latin American country’s projects, Finance Minister Miguel Castilla said.

Europe Crisis Imperils U.S. Sales From Chemicals to PCs: Economy

American exporters from Dow Chemical Co. (DOW) to Hewlett-Packard Co. are preparing for a further decline in demand from Europe as the region’s deepening debt crisis threatens to derail a source of strength for the U.S. economy.

QE3 May Be Preferred Over Fed’s QE2 for Asia Economies Facing Export Slump

U.S. monetary stimulus, blamed in 2010 for spurring speculative capital flows to emerging markets, may find less opposition this time round in Asia as the region’s focus shifts to supporting economic growth.

U.S. Steel Bonds Rebound to Par on Auto Sales: Corporate Finance

U.S. Steel Corp. (X), the nation’s biggest producer of the metal by volume, is making a comeback in debt markets as vehicle sales recover, fueling a surge in its bond prices from a record low.

Exchange-Traded Junk Funds Roil Bond Market

Funds that give everyone from retirees to institutional money managers easier access to junk bonds are fueling the biggest price swings in more than two years after their buying power surged 10-fold.

S. Korean Confidence Falls After Death of Kim Jong Il: Economy

Dec. 27 (Bloomberg) -- South Korean consumer confidence fell to a three-month low in December, as concern the political outlook in the North will worsen in the wake of Kim Jong Il’s death compounds the risk from Europe’s debt crisis.

Norway’s Oil Fund Posts Lower Gains

Norway’s sovereign wealth fund suffered its smallest quarterly gain in a year, foreshadowing this month’s global stock rout amid concern U.S. and European economic growth is stalling.

The $534 billion Government Pension Fund Global returned 0.3 percent, as measured by a basket of currencies, in the second quarter, the Oslo-based investor said today. The stock portfolio fell 0.7 percent and its bonds holdings rose 1.8 percent. It was the worst performance since a loss in the second quarter of 2010.

Merkel Says Joint Euro Bonds Unthinkable as EU Faces Marathon

German Chancellor Angela Merkel likened solving Europe’s debt crisis to a marathon, shunning investor calls for quick action while pushing for stricter budget enforcement and overhauling the region’s governance.