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Archive for January 20th, 2009

THE NUMBERS ARE HORRIFYING (USA)

Posted by Gilmour Poincaree on January 20, 2009

Jan. 26, 2009

Mohamed A. El-Erian

PUBLISHED BY ‘NEWSWEEK’ – print edition -(USA)

NEWSWEEK – Jan. 26, 2009

GLOBAL INVESTOR

By Mohamed A. El-Erian

THE NUMBERS ARE HORRIFYING

On Tuesday, President-elect Barack Obama inherits an economic calamity, and the situation will get worse in the first few months of his presidency regardless of what he does. How quickly it improves thereafter is not just a matter of which policies he decides to pursue; importantly, it is also a function of how he pursues them. Investors need to pay close attention lest they experience yet another challenging and, in some cases, devastating year.

No one should doubt that we are still in the midst of a historic economic crisis. Having incurred massive losses, individuals and companies around the world are, not surprisingly, saving more—some by choice as they attempt to restore balance to their finances and others by necessity as their credit lines are cut by beleaguered lenders. As detailed elsewhere in this edition of NEWSWEEK, the world has entered an Age of Thrift. Less spending by individuals will mean even lower demand, and the production of goods and services will be cut, again.

The latest economic data vividly illustrate the self-fulfilling nature of this global phenomenon. The numbers are horrifying, and increasingly so. There’s been a violent collapse in industrial production in Europe; the latest monthly data now show annual contractions of 17 percent in Spain, 13 percent in the U.K., 9 percent in France and Italy, and 6 percent in Germany. Emerging economies are now on the same course, with contractions of 9 percent in Russia and 4 percent in Brazil.

At the same time, the labor market is deteriorating dramatically in both Europe and America. The United States has now registered 12 consecutive months of job losses, including more than half a million in December, bringing the 2008 total to 2.6 million—a level not seen for more than 60 years. The crisis continues to catch people by surprise, suggesting that too few people sufficiently understand its dynamics. The U.S. Commerce Department reports that December retail sales declined at more than twice the rate expected by most forecasters, and further extended the record for consecutive monthly declines, now six .and counting. President elect Obama faces the prospect of more corporate defaults, pension losses and personal bankruptcies in the coming months. Fortunately, he has already shown that he has a good understanding of the need for an aggressive fiscal stimulus, and Congress seems to be onboard.

Without massive public stimulus, there is little chance of countering the highly disruptive consequences of a too sudden and too prolonged ascent of the Age of Thrift.

Yet there is a risk that this consensus could break down in quibbling over the details. Specifically, we should stop the bickering over whether to cut taxes or raise spending. Both are required. The tax cuts should work mainly through employment channels, including a cut in the payroll tax as this will directly help employment and limit the fall in consumption. Government spending should focus on sectors that will quickly raise resource productivity, like infrastructure, which helps lower production costs, and social services, which raise human productivity overtime.

Obama also needs to step up efforts to alleviate the credit crunch. This is not about an immediate recovery in the banking system. It won’t happen. The sector is too damaged to act as a conduit of funds to the general economy. Instead, the government must come up with more imaginative ways to provide direct financing, particularly for mortgages and some areas of consumer finance.

Obama’s economic appointments suggest that he understands how important it will be to get the design and implementation of these policies right. The highly capable Larry Summers and Tim Geithner should focus on coming up with a master plan to lead the country out of the crisis. This will ensure that the immediate measures implemented are consistent over time with a resumption of economic growth and rising productivity.

Managing expectations is also more important than ever. In his remarks on the financial crisis in November and December, Obama came across as informed, committed and careful not to over-promise. Yet his efforts have been largely negated by recent talk out of Washington of regulatory clampdowns, potential abrogation of property rights and other non-market solutions. The president-elect will have to step up quickly to the challenge of consistently better communication if he is to instill the confidence that is critical for a meaningful economic turn later this year.

Finally, Obama should signal clearly that he knows a global dislocation requires a global response. What was a U.S. financial crisis has morphed into a challenge to the international market system. An effective solution will not materialize unless the United States takes a policy leadership role on the global stage. It’s a role no other country can credibly play. With Obama as president, the world is exceptionally welcoming to U.S. leadership. He must seize this opportunity for the economic good of America, and the world.

ELERIAN is CEO and co-CIO of PIMCO and author of “When Markets Collide: Investment Strategies for the Age of Global Economic Change,” winner of the 2008 FT/Goldman Sachs business book of the year award.

PUBLISHED BY ‘NEWSWEEK’ – print edition -(USA)

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Posted in AGRICULTURE, BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FARMING SUBSIDIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES - USA, HEALTH CARE - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »

GOVT. TO PROCURE 6.5M TONNES WHEAT THIS YEAR (Pakistan)

Posted by Gilmour Poincaree on January 20, 2009

Tuesday, January 20, 2009

by Jawwad Rizvi

PUBLISHED BY ‘THE NEWS INTERNATIONAL’ (Pakistan)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS INTERNATIONAL’ (Pakistan)

Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FARMING SUBSIDIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOOD PRODUCTION (human), INDUSTRIES, INTERNATIONAL, PAKISTAN, RECESSION, THE FLOW OF INVESTMENTS, WHEAT | Leave a Comment »

ANGOLA: GOVERNMENT TOLD TO TAKE ALL OPPORTUNITIES OFFERED BY CHINA

Posted by Gilmour Poincaree on January 20, 2009

18 January 2009

Angola Press Agency

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

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PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

Posted in ANGOLA, BANKING SYSTEMS, CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | 1 Comment »

TWIN CITIES COMMERCIAL REAL ESTATE MARKET DIPS INTO A DECLINE – A YEAR-END REPORT BY NORTHMARQ SHOWED A GROWING OVERALL TWIN CITIES VACANCY RATE – AND NOT BECAUSE OF NEW BUILDINGS (USA)

Posted by Gilmour Poincaree on January 20, 2009

January 19, 2009 – 8:49 PM

by Susan Feyder – Star Tribune

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, REAL ESTATE INDUSTRIES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, USA | Leave a Comment »

E.U. REINSTATES DAIRY SUBSIDIES TO BOLSTER PRODUCERS

Posted by Gilmour Poincaree on January 20, 2009

Tuesday, 20/01/2009

ABC – Rural

PUBLISHED BY ‘THE AUSTRALIAN BROADCASTING CORPORATION’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN BROADCASTING CORPORATION’

Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, DAIRY PRODUCTS, ECONOMIC CONJUNCTURE, ECONOMY, FARMING SUBSIDIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOOD PRODUCTION (human), INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, WORLD TRADE ORGANIZATION | Leave a Comment »

ALCOA WORKERS GIVE UP PAYRISE TO TRY AND SECURE JOBS (Australia)

Posted by Gilmour Poincaree on January 20, 2009

Tuesday, 20/01/2009

ABC – Rural

PUBLISHED BY ‘THE AUSTRALIAN BROADCASTING CORPORATION’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN BROADCASTING CORPORATION’

Posted in ALUMINUM, AUSTRALIA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, EMPLOYMENT, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, METALS INDUSTRY, MINING INDUSTRIES, NATIONAL WORK FORCES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS | Leave a Comment »

SPECTRE OF DEFLATION COULD BRING 1960s INTEREST RATE

Posted by Gilmour Poincaree on January 20, 2009

4:00AM Tuesday Jan 20, 2009

by Stephen Johnson – AAP

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

Posted in AUSTRALIA, BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, DEFLATION, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NEW ZEALAND, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »

RUSSIAN GAS TO REACH EUROPE IN 36 HOURS AT MOST: UKRAINE

Posted by Gilmour Poincaree on January 20, 2009

20 Jan 2009, 1602 hrs IST

Agence France-Presse

PUBLISHED BY ‘THE TIMES OF INDIA’

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PUBLISHED BY ‘THE TIMES OF INDIA’

Posted in COMMERCE, COMMODITIES MARKET, CORRUPTION, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, NATURAL GAS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RUSSIA, THE FLOW OF INVESTMENTS, UKRAINE | Leave a Comment »

PRONAF: COOPERATIVA DE ASSENTADOS AMPLIA INDÚSTRIA DE LEITE (Brazil)

Posted by Gilmour Poincaree on January 20, 2009

19/01/2009

Assessoria de Comunicação do Ministério do Desenvolvimento Agrário

PUBLISHED BY ‘AGÊNCIA BRASIL’

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PUBLISHED BY ‘AGÊNCIA BRASIL’

Posted in A INDÚSTRIA DE ALIMENTOS, A QUESTÃO AGRÁRIA, AS RELAÇÕES DE TRABALHO E EMPREGO, BANKING SYSTEMS, BRASIL, CIDADANIA, CIDADES, COMBATE À DESIGUALDADE E À EXCLUSÃO - BRASIL, COMMODITIES MARKET, DAIRY PRODUCTS, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO AGRÍCOLA, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FLUXO DE CAPITAIS, FOOD PRODUCTION (human), INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MINISTÉRIO DO DESENVOLVIMENTO AGRÁRIO, O PODER EXECUTIVO FEDERAL, O SISTEMA BANCÁRIO - BRASIL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »

A FABLE IN THE FOLLY – AS A LEADER SEEKS TO BECOME A LEGEND – AS A CARD-CARRYING MEMBER OF THE VAST RIGHT-WING CONSPIRACY, I HAVE A SPECIAL INAUGURATION DAY MESSAGE FOR MY FELLOW CONSERVATIVES: SHUT UP

Posted by Gilmour Poincaree on January 20, 2009

Tuesday, January 20, 2009

by Michael Graham

PUBLISHED BY ‘THE BOSTON HERALD’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON HERALD’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES - USA, HEALTH CARE - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, THE WORK MARKET, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, USA HUMOR | Leave a Comment »

BMW TO REDUCE HOURS FOR 26,000 GERMAN WORKERS TO SLOW PRODUCTION AMID ECONOMIC DOWNTURN

Posted by Gilmour Poincaree on January 20, 2009

6:44 AM EST, January 20, 2009

by George Frey – Associated Press Business Writer

PUBLISHED BY ‘NEWSDAY’ (USA)

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PUBLISHED BY ‘NEWSDAY’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, EMPLOYMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, GERMANY, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS | Leave a Comment »

BANKS GET £1TRILLION BAILOUT… BUT RBS SHARES STILL PLUNGE 70% IN FRESH CITY BLOODBATH – FRESH FEARS FOR THE BANKS AS LLOYDS SHARES NOW PLUNGE 40% – LLOYDS SHARES PLUNGE 40% ON TOP OF MONDAY’S 35% DROP – RBS SHARES CLAW BACK GROUND, UP 23% IN EARLY TRADING (UK)

Posted by Gilmour Poincaree on January 20, 2009

11:35 AM on 20th January 2009

by Benedict Brogan and Becky Barrow

PUBLISHED BY ‘THE DAILY MAIL’ (UK)

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PUBLISHED BY ‘THE DAILY MAIL’ (UK)

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, UNITED KINGDOM | 1 Comment »

AFTER PLANNED KIRIN SALE, SAN MIGUEL EYES MORE UTILITIES (Philippines)

Posted by Gilmour Poincaree on January 20, 2009

12:46:00 01/20/2009

Agence France-Presse

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in ALCOHOLIC BEVERAGES, BANKING SYSTEMS, BEVERAGES, COAL, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOOD PRODUCTION (human), INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MINING INDUSTRIES, PHILIPPINES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

GLOBAL CRISIS HITS $1.7B MINING PROJECTS (Philippines)

Posted by Gilmour Poincaree on January 20, 2009

15:02:00 01/20/2009

by Judy Quiros – Mindanao Bureau

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, COPPER, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, METALS, METALS INDUSTRY, MINING INDUSTRIES, PHILIPPINES, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

YUCHENGCOS SELL PACIFIC PLANS FOR P250M (Philippines)

Posted by Gilmour Poincaree on January 20, 2009

12:25:00 01/20/2009

by Doris Dumlao – Philippine Daily Inquirer

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in ASIA, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PETROL, PHILIPPINES, RECESSION, REFINERIES - PETROL/BIOFUELS, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

FERTILIZER SCAM WITNESS RECANTS (Philippines)

Posted by Gilmour Poincaree on January 20, 2009

10:10:00 01/20/2009

by Maila Ager

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in AGRICULTURE, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FERTILIZERS, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FRAUD, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MONEY LAUDERING, PHILIPPINES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

TOKYO LEADS REGIONAL STOCKS TO LOWER CLOSE

Posted by Gilmour Poincaree on January 20, 2009

01-20-2009 – 14:51

AGENCIES

PUBLISHED BY ‘THEC STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THEC STANDARD’ (China – Hong Kong)

Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

MAINLAND STOCKS END UP ON HOPES FOR STIMULUS MEASURES (China)

Posted by Gilmour Poincaree on January 20, 2009

1/20/2009 2:40:00 AM

Agence France-Presse

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CENTRAL BANKS, CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

SUNCOR REPORTS 2008 EARNINGS OF $2.1 BILLION, SLASHES 2009 SPENDING (Canada)

Posted by Gilmour Poincaree on January 20, 2009

1/20/2009 2:40:00 AM

Canadian Press

PUBLISHED BY ‘STOCKHOUSE’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘STOCKHOUSE’

Posted in CANADA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PETROL, RECESSION, REFINERIES - PETROL/BIOFUELS, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

FASTENAL COMPANY ANNOUNCES CASH DIVIDEND (USA)

Posted by Gilmour Poincaree on January 20, 2009

1/19/2009 5:21:00 PM

PRNewswire-FirstCall via COMTEX News Network

PUBLISHED BY ‘STOCKHOUSE’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘STOCKHOUSE’

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL, METALS, METALS INDUSTRY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STOCK MARKETS, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

INTERMEDIATE CAPITAL GROUP (ICG) TUMBLES AS INVESTORS FLEE FINANCIALS

Posted by Gilmour Poincaree on January 20, 2009

7:42PM GMT 19 Jan 2009

by Ben Harrington

PUBLISHED BY ‘THE DAILY TELEGRAPH’ (UK)

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PUBLISHED BY ‘THE DAILY TELEGRAPH’ (UK)

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, UNITED KINGDOM | 1 Comment »

SHUAA SEES BUYOUT OPPORTUNITIES (Dubai)

Posted by Gilmour Poincaree on January 20, 2009

January 19, 2009, 23:09

Bloomberg

PUBLISHED BY ‘THE GULF NEWS’ (Dubai)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE GULF NEWS’ (Dubai)

Posted in BANKING SYSTEMS, DUBAI, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, ISLAMIC BANKS, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

ALMARAI’S OPERATING PROFIT RISES 13.5% ON STRONG SALES (Saudi Arabia)

Posted by Gilmour Poincaree on January 20, 2009

January 19, 2009, 23:09

Reuters

PUBLISHED BY ‘THE GULF NEWS’ (Dubai)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE GULF NEWS’ (Dubai)

Posted in COMMERCE, COMMODITIES MARKET, DAIRY PRODUCTS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOOD PRODUCTION (human), INDUSTRIES, INTERNATIONAL, RECESSION, SAUDI ARABIA, THE FLOW OF INVESTMENTS | Leave a Comment »

CITI UPBEAT ABOUT UNITED ARAB EMIRATES BUSINESS

Posted by Gilmour Poincaree on January 20, 2009

January 19, 2009, 23:09

by Shakir Husain – Staff Reporter

PUBLISHED BY ‘THE GULF NEWS’ (Dubai)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE GULF NEWS’ (Dubai)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, UNITED ARAB EMIRATES, USA | Leave a Comment »

EUROPE MAY TAKE GREATER DIRECT CONTROL OVER BANKS

Posted by Gilmour Poincaree on January 20, 2009

January 19, 2009

by David Jolly

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, EUROPE, EUROPEAN CENTRAL BANK, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS | Leave a Comment »

S&P STRIPS SPAIN OF ITS AAA CREDIT RATING

Posted by Gilmour Poincaree on January 20, 2009

January 19, 2009

Bloomberg News

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SPAIN, THE FLOW OF INVESTMENTS | Leave a Comment »

FOUNDER’S GRANDSON PICKED TO LEAD TOYOTA

Posted by Gilmour Poincaree on January 20, 2009

January 20, 2009

by Bettina Wassener

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

FRANCE WEIGHS SUPPORT PROGRAMS FOR AILING AUTOMAKERS

Posted by Gilmour Poincaree on January 20, 2009

January 19, 2009

Reuters- Bloomberg News

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

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PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FRANCE, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

THE SPENDING ORGY IS OVER – BIG AND SMALL RETAILERS PREPARE TO WEATHER THE WEAK ECONOMY AND NEWLY FRUGAL CONSUMERS (USA)

Posted by Gilmour Poincaree on January 20, 2009

7:22 AM EST, January 19, 2009

by Keiko Morris

PUBLISHED BY ‘NEWSDAY’ (USA)

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PUBLISHED BY ‘NEWSDAY’ (USA)

Posted in BANKING SYSTEM - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, USA | 1 Comment »

ANALYSIS: IN RUSSIA-UKRAINE GAS WAR, PUTIN GROWS STRONGER AND KIEV FACES STARKLY HIGHER PRICES

Posted by Gilmour Poincaree on January 20, 2009

12:54 PM EST, January 19, 2009

by Douglas Birch – Associated Press Writer

PUBLISHED BY ‘NEWSDAY’ (USA)

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PUBLISHED BY ‘NEWSDAY’ (USA)

Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, NATURAL GAS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, REGULATIONS AND BUSINESS TRANSPARENCY, RUSSIA, STAGFLATION, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, UKRAINE | Leave a Comment »

WEATHERING GLOBAL UPHEAVAL – PAMUK: ISLAM NOT IRRECONCILABLE WITH WEST

Posted by Gilmour Poincaree on January 20, 2009

Jan. 17, 2009

The Yomiuri Shimbun

PUBLISHED BY ‘THE YOMIURI SHIMBUN’ (Japan)

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PUBLISHED BY ‘THE YOMIURI SHIMBUN’ (Japan)

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN POLICIES, INTERNATIONAL, INTERNATIONAL RELATIONS, ISLAM, ISLAMIC BANKS, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

WEATHERING GLOBAL UPHEAVAL – STIGLITZ: BASIC GLOBAL FINANCIAL REFORM NEEDED

Posted by Gilmour Poincaree on January 20, 2009

Jan. 18, 2009

The Yomiuri Shimbun

PUBLISHED BY ‘THE YOMIURI SHIMBUN’ (Japan)

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PUBLISHED BY ‘THE YOMIURI SHIMBUN’ (Japan)

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES | 1 Comment »

TOSHIBA SET TO WIN TEXAS NUCLEAR DEAL

Posted by Gilmour Poincaree on January 20, 2009

Jan. 20, 2009

The Yomiuri Shimbun

PUBLISHED BY ‘THE YOMIURI SHIMBUN’ (Japan)

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PUBLISHED BY ‘THE YOMIURI SHIMBUN’ (Japan)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, JAPAN, NUCLEAR ENERGY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

VERENIUM PLAN CELLULOSIC ETHANOL FACILITY IN FLORIDA (USA)

Posted by Gilmour Poincaree on January 20, 2009

1/19/2009 6:37:10 PM GMT

EnergyCurrent

PUBLISHED BY ‘EnergyCurrent News Digest’ (USA)

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PUBLISHED BY ‘EnergyCurrent News Digest’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BIOFUELS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENERGY, ENERGY INDUSTRIES, ETHANOL, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, RECESSION, REFINERIES - PETROL/BIOFUELS, THE FLOW OF INVESTMENTS, USA | 1 Comment »

E.U. POISED TO LOSE 3.5 MILLION JOBS

Posted by Gilmour Poincaree on January 20, 2009

20/01/2009

The Finance Standard

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

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PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

LI SET TO CLINCH PCCW DEAL (China)

Posted by Gilmour Poincaree on January 20, 2009

20/01/2009

The Finance Standard

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

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PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CHINA, COMMERCE, COMMODITIES MARKET, COMMUNICATION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

CHALCO FIRST ON PRICE RISE (China)

Posted by Gilmour Poincaree on January 20, 2009

20/01/2009

The Finance Standard

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

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PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in ALUMINUM, CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, METALS INDUSTRY, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

HONG KONG STOCKS MANAGE TO SCORE TENTATIVE GAINS (China)

Posted by Gilmour Poincaree on January 20, 2009

20/01/2009

Reuters

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

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PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in CHINA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, STOCK MARKETS | Leave a Comment »

CHINA MUST ACT NOW: WEN

Posted by Gilmour Poincaree on January 20, 2009

20/01/2009

The Finance Standard

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

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PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CENTRAL BANKS, CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

GIANT LENDER SHOULD TAKE A STAND (China)

Posted by Gilmour Poincaree on January 20, 2009

20/01/2009

The Finance Standard

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

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PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CENTRAL BANKS, CHINA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

TODAY’S SPECIAL: ASK FOR LESS RICE AND SAVE $1 (China – Hong Kong)

Posted by Gilmour Poincaree on January 20, 2009

Monday, January 19, 2009

by Diana Lee

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

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PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOOD PRODUCTION (human), HONG KONG, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RICE, THE WORKERS | Leave a Comment »