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The Zimbabwean government's refusal to accredit British and American observers has been yet another issue, and while the government has refused to budge on British observers, it did ease its stance on Americans, saying Friday that it would allow 27 diplomats at the American Embassy to serve as observers.
Investors were more focused on signals that the bank might be preparing to ease its stance later.
SEOUL, South Korea South Koreaeappeareded to ease its stance on North Korea on Thursday by calling for dialogue to help defuse tensions, as its president moved to calm foreign investors whose confidence the North has tried to shake with increasingly belligerent maneuvers.
The only lender to ease its stance is Santander which, after cutting back sharply on interest-only, is now allowing a mix of interest-only and repayment under a new deal.
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China, easing its stance, said Americans would be allowed to inspect the damaged spy plane that landed on Hainan island after a collision with a Chinese fighter jet.
But the bank eased its stance last week, rolling over $606 million of the in debt until the end of the year, while waiting for a workable restructuring plan.
(Facebook has since eased its stance).
Executives are already stepping up the pressure on the opposition to ease its tough stance on corporations, which includes much tighter emissions goals for greenhouse gases.
The market's mood was improved by what seemed an increased likelihood that the Federal Reserve would decide at its next policy-making meeting on Dec. 19 to ease its anti-inflation stance, clearing the way for a possible cut in short-term interest rates to head off recession in the new year.
If this were the case, the ECB would probably send some sort of signal to the market that it was easing its monetary stance.
If this were the case, the central bank would probably send some sort of signal to the market that it was indeed easing its monetary stance.
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