PBOC’s Guo Says 2010 Loans Can Fuel 8.5% GDP Growth (Correct)Thursday, March 11, 2010 @ 7:51PM(Corrects 2010 loan target to 7.5 trillion yuan in first paragraph.)
Inflation Eroding China Deposits Feeds Asset Pressure (Update1)Thursday, March 11, 2010 @ 7:51PMMarch 12 (Bloomberg) -- China’s accelerating inflation has started to erode household savings, threatening to spur purchases of property and stocks and fuel asset-price pressures.
Petrofac Targets Iraq Oil After Asfari Quadruples Share ValueThursday, March 11, 2010 @ 7:50PMMarch 12 (Bloomberg) -- Ayman Asfari , the chief executive officer whose oil and gas engineering skills guided a fourfold increase in the value of Petrofac Plc within five years, is now preparing to tap Iraq’s energy boom.
MTN Profit Falls as Rand Gain Hurts IncomeThursday, March 11, 2010 @ 7:45PMMTN Group Ltd., Africa’s largest mobile-phone operator, said full-year profit fell after South Africa’s rand advanced, reducing income from abroad when converted into the local currency.
N.Z. May Trail Region in Raising Rates on Weak Growth (Update1)Thursday, March 11, 2010 @ 7:45PMMarch 12 (Bloomberg) -- New Zealand’s central bank may be one of the last in the Asia-Pacific region to raise interest rates this year due to a “sluggish” economic recovery.
Australian Regulator Postpones Rulings on Axa Bids (Update1)Thursday, March 11, 2010 @ 7:43PMMarch 12 (Bloomberg) -- Australia’s competition regulator delayed rulings on separate bids by AMP Ltd. and National Australia Bank Ltd. for Axa Asia Pacific Holdings Ltd. after asking for more information from the companies.
SEC head urges Congress to act on derivativesThursday, March 11, 2010 @ 7:42PMWASHINGTON (AP) — The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage.
Clothing and insurance prices creep up as inflation rate fallsThursday, March 11, 2010 @ 7:39PMPRICES have started to creep back up, with clothes, footwear and insurance costs all increasing last month as the rate of inflation falls to -3.2%.
Examiner sees accounting gimmicks in Lehman demiseThursday, March 11, 2010 @ 7:35PMNEW YORK, March 12 — Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found. In a 2,200-page report made public yesterday, examiner Anton Valukas, chairman of law firm Jenner & Block, reported the results of his more than year-long ...