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() - South Korea is on Friday scheduled to release final gross domestic product figures for the second quarter of 2010, highlighting a modest day for Asian economic activity.

Analysts are expecting little change from the preliminary readings last month that showed a 7.2 percent increase on year and a 1.5 percent gain on quarter.

The Indonesian central bank will hold its monetary policy meeting and then announce its decision on interest rates. The bank is widely tipped to keep rates on hold at 6.5 percent.

When logged into your account and viewing a page on your REW Site, you’ll now see a new feature that allows you to change the links at the top of all your site’s pages. This is how it looks when I’m on my REW Site (minus the red box for emphasis):

If you visit your blog, you’ll see the link too. Click on this link and it will turn on the “REW Navigation Editor“.

This will toggle the editor’s tools which include: the ability the change the title to the left, the placement of links, as well as let you add and remove links and sub-links.

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The Australian Prudential Regulation Authority, the country’s banking regulator has issued a stern warning to Australian deposit taking institutions.

APRA is unhappy with the way some firms account for and treat subordinated tranches of residential mortgage-backed securities, warning that some firms may have to change the way they do so.

The banking regulator on Thursday re-affirmed the standards used for capital treatment of RMBS, but as it moved to do so warned some mortgage lenders they would have to change their ways.

In the wake of the global financial crisis, some deposit taking institutions in Australia have been able to divest senior tranches of Residential Mortgage Backed Securities at a significantly improved price, but have been forced to hold on to subordinated tranches on their books.

According to APRA, some deposit-taking institutions “have concluded appropriately that such a structure fails to meet the fundamental requirement for significant credit risk transfer and have retained the requisite risk assets and capital requirements on their balance sheets. In

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I spent the last week researching something I can’t use for at least three presidential administrations:

Reverse mortgages.

No, that’s not the nickname for loans on homes that are under water or seized by a bank.

It’s a legit means for homeowners 62 and older to swap their home’s equity for cash.

With the economy eroding fixed incomes and nest eggs, reverse mortgages continue to get a hard look from retirees, despite the national nosedive in home equity.
 
U.S. Housing and Urban Development  or call 800-225-5342 Search for government-approved reverse mortgage counselors  or call 800-569-4287 AARP’s reverse mortgage basics. AA Full Article…

() - South Korea’s industrial production rose for the thirteenth consecutive month in July, official figures showed Tuesday.

Production in the mining and manufacturing sector increased 15.5% year-on-year following a revised 17.1% increase in June, the National Statistics Office said. On a monthly basis, output rose 1.1%.

The continuing strong growth in the industrial sector confirms that the South Korean economy is firm on the recovery track.

Also on Tuesday, survey results from the Bank of Korea showed that an index measuring manufacturers’ sentiment for September rose to 104 from 102 in August. At the same time, a reading for non-manufacturers fell to 85 from 89.

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