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U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
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HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
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Top global investment banks (IB) forecast the South Korean economy to grow 3.4 percent this year, up by 0.1 percentage point from their previous estimate.
Credit Suisse upgraded its estimate by 0.7 percentage point to 3.6 percent and HSBC by 0.5 percentage point to 2.7 percent.
Others surveyed in late December, Barclays, BoA-Merrill Lynch, JP Morgan, Citi, Goldman Sachs, Nomura Securities, and UBS, have retained their previous projections ranging from 3 percent to 4.1 percent.
UBS gave the rosiest outlook of 4.1 percent.
South Korea's Ministry of Economy and Finance recently forecasted a 3.2 percent growth, while the Bank of Korea gave a 3 percent outlook.
The average 2021 outlook for the global economy stood at 5.7 percent.
The forecast for China was an 8.4 percent growth, while the US was given a 4.4 percent growth outlook. Japan is expected to grow 3 percent.
