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Jan 17, 2011

The Standard Business

FINANCIAL AND FOREX INFO NEWS







Home prices keep rising Mainland home prices in December recorded their fourth straight month-on- month rise despite government measures to cool the property market.

Debate rages on Europe crisis fund
Debate over adding firepower to the euro zone's debt rescue fund heated up as Germany clashed with Brussels over what course to take ahead of a meeting of finance ministers.

Inflation turns main concern
The threat of inflation and asset bubbles was uppermost in the minds of key participants at the Asian Financial Forum in Hong Kong yesterday.

Timing key on homes
Hong Kong stocks fell yesterday after the Shanghai bourse retreated nearly 3 percent.

Telefield taps strong demand
The retail tranche of Telefield International (Holdings) was 5.7 times oversubscribed, freezing HK$90.5 million in margin financing orders, brokerages said.

M&A activity set to surge
Transaction volumes of outbound mergers and acquisitions by mainland buyers are set to surge 50 percent this year, rising from the record 188 deals in 2010, PricewaterhouseCoopers forecast.

Consumer picks face fight
Mainland-themed consumer stocks will face higher risks in the near future, while the average inflation level will remain as high as 5 percent throughout 2011, according to Credit Suisse.

Loan growth to come by size in mainland -
Loan growth figures for the mainland banking sector is set to be broken down by size, the central bank said yesterday.

Bank reserves seen too high
Beijing has raised the reserve requirements ratio to very high levels and the central bank lacks the tools to effectively tackle inflows of hot money.

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The Economist | News or Updated Articles




New or updated articles
January 17th 2011



Middle East: What the Arab papers say
Journalists from Lebanon to Saudi Arabia ponder the revolution in Tunisia and its impact on the region
Full article

Europe: The return of Ruby
Italian prosecutors place Silvio Berlusconi under investigation
Full article

Britain: Sorry
Labour's leader, Ed Miliband, has apologised for lots of things on behalf of his party. He should add one more
Full article

Americas: The transatlantic echo chamber
Why a Mexican presidential candidate launched his campaign in a British newspaper
Full article

Asia: Troubled waters in need of bridges
The terrible floods in Sri Lanka have received less coverage than they deserve
Full article

Technology: His nibs
Drawing with a giant pen
Full article

Online debate: Cities
Currently the vote is tied on whether the growth of cities should be restricted but what do you think?
Full article

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Stock futures extend fall on Jobs announcement | Financial And Forex Info News | Reuters Daily Investor Update

Financial & Forex Info News






LATEST NEWS
Stock futures extend fall on Jobs announcement
LONDON (Reuters) - Stock index futures extended their fall on Monday, pulled lower by Apple Inc after the company's CEO Steve Jobs said the company's board had granted him leave to concentrate on his health. | Full Article

Goldman to exclude U.S. from Facebook placement
January 17, 2011 04:30 PM ET
NEW YORK (Reuters) - Goldman Sachs said it will limit its private placement of shares of social networking site Facebook to investors outside the United States, citing "intense media coverage," according to the investment bank. | Full Article
Apple's Jobs takes 3rd medical leave, stock slumps
January 17, 2011 04:33 PM ET
SAN FRANCISCO/LONDON (Reuters) - Apple Inc Chief Executive Steve Jobs is taking medical leave for the third time since 2004, sending its shares tumbling more than 8 percent as the surprise revived concerns over the long-term future of the iPhone- and iPad-maker. | Full Article
China's Hu upbeat, resists U.S. pressure on yuan
January 17, 2011 04:16 PM ET
WASHINGTON (Reuters) - Chinese President Hu Jintao urged an end to a "zero sum" Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen. | Full Article
Top trade negotiators to meet on Doha next week
January 17, 2011 01:59 PM ET
BRUSSELS (Reuters) - Top negotiators from the world's largest trading powers will meet next week to push for a global trade accord, a signal that political momentum may be building for completion of the stalled talks. | Full Article


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NYT: Afternoon Business News : G.E. Venture Will Share Jet Technology With China.


BUSINESS

G.E. Venture Will Share Jet Technology With China

By DAVID BARBOZA, CHRISTOPHER DREW and STEVE LOHR
General Electric is seeking to remain an important supplier to the Chinese aviation industry as it tries to challenge Boeing and Airbus in making commercial jetliners.

Support Grows for Larger European Rescue Fund

By STEPHEN CASTLE
European finance ministers discussed ways to increase the lending power of the fund, though it was unclear when changes might be approved.

Glaxo Takes $3.4 Billion Charge on Legal Problems

By DUFF WILSON
The move, prompted by claims over the diabetes drug Avandia and inquiries into sales practices, will effectively wipe out its quarterly profit.
Betting on Justice

Lawsuit Loans Add New Risk for the Injured

By BINYAMIN APPELBAUM
Lending to plaintiffs is usually unregulated, leaving the industry free to ignore laws that protect borrowers.
Your Brain on Computers

In New Military, Data Overload Can Be Deadly

By THOM SHANKER and MATT RICHTEL
Raw information helps determine what targets to hit and what to avoid, but sometimes the data is overwhelming.

MarketWtach | U.S. Markets : Apple shares could be hit by Jobs’ health concern

U.S. Markets

Apple shares could be hit by Jobs’ health concern Apple shares may be in for some pressure when the market opens on Tuesday, but analysts believe the fallout will be limited, given past history. 9 min ago
  Canadian stocks pull modestly lower as Wall Street shuttered. 11 min ago


Euro drops against dollar The dollar trades mixed versus major rivals, while the euro gives back some of last week’s gains as euro-zone finance ministers prepare to meet in Brussels. 3:02 p.m. Today


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| The Washington Posot Afternoon Edition Most Read Articles : GOP test: A civil and honest health-care discussion


1) GOP test: A civil and honest health-care discussion

House Republicans have a chance to put behind the acidic tone and lead an honest health-care discussion.

2) After the shootings, Obama reminds the nation of the golden rule

President Obama gave a terrific speech Wednesday night. He movingly mourned and honored the victims of Saturday's senseless atrocity outside Tucson, comforted and inspired the country, and encouraged those of us who have the privilege of serving America. He encouraged every American who participa...

3) The shadow of the '60s

The disillusion and contentiousness among Americans is very close to that of the 1960s.

4) On Martin Luther King Day, remembering the first draft of 'I Have a Dream'

It was the late spring of 1963, and my friend Martin was exhausted. The campaign to integrate the public facilities in Birmingham had been successful but also tremendously taxing. In its aftermath, he wanted nothing more than to take Coretta and the children away for a vacation and forget - forget...

5) Tunisia's Jasmine Revolution might not install a democracy

Seeing a dictator toppled is exhilarating -- but will it bring democracy?

6) A Congress that reasserts its power

Unlike most of the 111 that preceded it, the 112th Congress must begin the process of restoring the national regime and civic culture the Founders bequeathed. This will require reviving the rule of law, reasserting the relevance of the Constitution and affirming the reality of American...

7) What the U.S. and other democracies must make clear to China

President Obama shouldn't shy away from highlighting the issue of political values.

8) The GOP will win the debt-limit fight

President Obama will not allow a default on his watch.

9) Who had the Worst Week in Washington? Sarah Palin.

In moments of crisis, great politicians rise to the occasion. Bad ones tend to fall flat.

10) Dr. King and a new reconstruction

LAST FALL, The Post reported that an American history textbook used in Virginia schools contained the untrue statement that thousands of black soldiers had fought for the Confederacy during the Civil War. A panel of historians then reviewed the book and found in it dozens of errors on a variety of...
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Debasement, spending sprees argue for gold/Only gold will hold its own among currencies, Hinde study concludes GATA : THE GATA DISPATCH

John Hathaway: Debasement, spending sprees argue for gold

Submitted by cpowell on  Monday, January 17, 2011. Section: Daily Dispatches 12:18p ET Monday, January 17, 2011
Dear Friend of GATA and Gold:
Tocqueville Gold Fund manager John Hathaway reviews gold's prospects and those of gold mining companies in the fund's year-end investor letter. Hathaway writes:
"While many observers feel that the gold rally has been overdone, is too crowded, resembles a bubble, or whatever, the simple fact remains that central banks of the Western democracies appear on course to debase paper currencies. On the one hand, currency debasement is the path of least resistance to grapple with the seemingly intractable fiscal issues of record deficits and unchecked growth in entitlements. On the other hand, persistent economic weakness translates into political pressure for central banks to pursue extremely lax monetary policies. Under these circumstances, it is hard to argue against the notion that some exposure to gold offers protection against monetary damage still to come."
You can find Hathaway's letter at the Tocqueville Internet site here:
http://www.tocqueville.com/media/Tocqueville_Gold_2010_Year-End_Investor...

Only gold will hold its own among currencies, Hinde study concludes

Submitted by cpowell on  Monday, January 17, 2011. Section: Daily Dispatches

11:58a ET Monday, January 17, 2011
Dear Friend of GATA and Gold:
Hinde Capital in London, whose CEO, Ben Davies, has become a gold advocate of worldwide renown over the past year, has published a comprehensive study of the world's financial situation as it relates to gold. As currencies race to devalue, the study finds, gold is the only currency likely to hold its own, and Hinde more or less advises people to get all the metal they can and then find a safe planet to keep it on. The study is titled "Nessun Dorma" -- opera talk for "None Shall Sleep" -- and credits GATA's work exposing the central bank gold price suppression scheme. You can find the study at GATA's Internet site here:
http://www.gata.org/files/HindeCapital-NessunDorma-01-17-2011.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

 Join GATA here:

Yukon Mining Investment e-Conference
Wednesday-Thursday, January 19-20, 2011

http://theyukonroom.com/yukon-eblast-static.html
Vancouver Resource Investment Conference
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
Sunday-Monday, January 23-24, 2011

http://cambridgehouse.com/conference-details/vancouver-resource-investme...



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UK Home Prices Rebound In January : RTTNews - Morning Market Briefing

Morning Market Briefing Mon Jan 17 09:01 2011

Economic News

Jan 17, 2011 UK Home Prices Rebound In JanuaryUK house prices rose for the first time in three months in January, as a shortage of properties for sale boosted values, a fresh survey suggested on Monday. Full Article
Jan 17, 2011 New Zealand Food Prices Decline 0.8% In DecemberFood prices in New Zealand fell 0.8 percent in December compared to the previous month, Statistics New Zealand said on Monday, following a 0.6 percent monthly contraction in November. Full Article
Jan 17, 2011 Singapore Exports Growth Slows Singaporean exports suffered a slowdown in December as shipments of electronic goods fell, official figures showed on Monday. Full Article
Jan 17, 2011 Moody's Lifts Indonesia's Ratings Moody's Investors Service raised Indonesia's sovereign credit rating on Monday, citing the country's economic resilience. Full Article
Jan 17, 2011 Hu Says Yuan Appreciation Not A Solution For Rising InflationInflation can hardly be the main factor in determining the exchange rate policy, Chinese President Hu Jintao told two U.S. newspapers ahead of his visit to Washington this week. Full Article

Euro slips before euro zone meet | Financial & Forex Info News | Reuters - Before The Bell |

Financial  & Forex Info News


From: Reuters - Before The Bell

LATEST NEWS
Euro slips before euro zone meet
LONDON (Reuters) - The euro slipped against the dollar on Monday while global stocks dipped as hopes of swift action from policymakers to boost the euro zone's rescue fund faded ahead of a meeting of finance ministers. | Full Article

Investors crave more strong bank results
January 17, 2011 12:31 AM ET
NEW YORK (Reuters) - U.S. bank stocks are flying high, and this week's earnings could give investors more reason to be optimistic about the sector. | Full Article
Fed's Plosser: Monetary policy has its limits
January 17, 2011 07:39 AM ET
WASHINGTON (Reuters) - Monetary policy cannot speed up labor market healing or prevent asset price bubbles, and counting on it to do so may do more harm than good, a top U.S. Federal Reserve official said. | Full Article
Euro zone finance ministers to discuss changes to rescue fund
January 17, 2011 07:05 AM ET
BRUSSELS (Reuters) - Euro zone finance ministers on Monday will discuss an increase in the effective lending capacity of the euro zone rescue fund, but France said it would be March before a firm plan was in place. | Full Article
Caution sets in after BP-Rosneft deal
January 17, 2011 07:49 AM ET
LONDON (Reuters) - Investors and analysts gave a cautious welcome on Monday to BP's share swap and Arctic exploration deal with Russia's Rosneft , saying that any return is likely a long way off. | Full Article

NYT : Morning Business News: Lawsuit Loans Add New Risk for the Injured.


BUSINESS
Betting on Justice

Lawsuit Loans Add New Risk for the Injured

By BINYAMIN APPELBAUM
Lending to plaintiffs is usually unregulated, leaving the industry free to ignore laws that protect borrowers.

Big Retailers Fill More Aisles With Groceries

By STEPHANIE CLIFFORD
Stores known for selling clothes or aspirin, like Walgreens, CVS and Target, are expanding into the grocery business.

Europe's Challenge: Fostering Growth Amid Austerity

By LIZ ALDERMAN
Weaker euro zone members are taking hard steps to stabilize their finances, but the strains on a currency that must serve both solvent and wavering economies are visible.

China Watch 11/19: Judges Fired in Toll Case | China Real Time Report | WSJ

previous“Everybody is Assange,” Even in China

Afghanistan's push to tax U.S. contractors could renew tensions . Thea Washington Post Today's Highlights



TODAY'S HIGHLIGHTS

Afghanistan's push to tax U.S. contractors could renew tensions
The Afghan government is ramping up efforts to tax U.S. contractors operating there - an effort that could raise millions for the cash-strapped government but could also provoke fresh confrontation with the United States, according to U.S. and Afghan officials.
(By Karen DeYoung and Joshua Partlow, The Washington Post)

'Speech or debate' clause invoked in investigations of House members
(By Jerry Markon and R. Jeffrey Smith, The Washington Post)

Giffords's border district symbolizes the heat of Arizona politics
(By Kimberly Kindy and Philip Rucker, The Washington Post)

Chinese President Hu looks for 'common ground' with U.S.
(By Keith B. Richburg, The Washington Post)

Banks allow ads in online checking accounts
(By Ylan Q. Mui, The Washington Post)

More Today's Highlights