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Investment banks believe lot of one-off losses that may come out
Published January 9, 2009, 2:08 am, The Economic Times
Nobody could have forecast the Satyam episode. However, there is growing scepticism that this incident may serve as the catalyst that will open a can of worms.
U.K. Producer-Price Gains Slow as Manufacturing Extends Slump
Published January 9, 2009, 2:07 am, Bloomberg
Jan. 9 (Bloomberg) -- U.K. factories raised prices at the slowest annual pace in a year last month after manufacturing extended its worst streak of contraction in almost three decades, deepening the recession.
UPDATE: UK Mfg Output Falls Sharply Again In November
Published January 9, 2009, 2:06 am, The Forex Market
(Adds details.) LONDON (Dow Jones)--The recession in the U.K. manufacturing sector deepened in November, with output plunging a larger-than-expected 2.9% on the month, the Office for National Statistics said Friday.
DATA SNAP: Euro-Zone Nov Retail Sales Rise, But Weak On Year
Published January 9, 2009, 2:05 am, The Forex Market
LONDON (Dow Jones)--Euro-zone retail sales bounced back more than expected on the month in November, but remained weaker on the year as rising unemployment and the recession weighed on consumer spending in the currency bloc, official data showed Friday.
UPDATE 3-Renault clings to market share as sales drop
Published January 9, 2009, 2:05 am, The Forex Market
BOULOGNE-BILLANCOURT, France, Jan 9 (Reuters) - French carmaker Renault posted a 4.2 percent drop in 2008 unit sales in a world market that fell 4.8 percent, and set further reducing its stock of unsold vehicles as a priority for 2009.
Judge sentences Tetting to 30-year term in cold, calculated killing
Published January 9, 2009, 2:01 am, Wisconsin Rapids Daily Tribune
MAUSTON -- Calling the details of a 2007 double homicide horrific, a Juneau County Circuit Court judge gave the first of two defendants the maximum sentence.
Changing Skyline: P.O. design doesn't deliver, either
Published January 9, 2009, 2:00 am, The Philadelphia Inquirer
Thanks to some dogged reporting by the Daily News this holiday season, we now know that the U.S. Postal Service isn't all that keen to deliver the mail. Employees at the understaffed Southwest Philadelphia distribution center were apparently instructed to destroy whatever envelopes they didn't have time to sort.
Gifted children
Published January 9, 2009, 1:59 am, Worcester Telegram & Gazette
A Massachusetts investment company is helping parents, family and friends give an important gift for the future: a college education.
Montek Singh Ahluwalia
Published January 9, 2009, 1:59 am, Business Standard India
In an extended interview, assesses the state of the world economy (Part I, today), and then the outlook for India (in Part II, tomorrow). The deputy chairman of the Planning Commission argues that there are more financial shocks to come, and that the bottom of the downturn has not yet been reached.
Hong Kong Lawmakers to Call Officials to Testify on Minibonds
Published January 9, 2009, 1:58 am, Bloomberg
Jan. 9 (Bloomberg) -- Hong Kong lawmakers will call top finance officials and regulators to testify as the city’s parliament investigates complaints about structured notes linked to collapsed Lehman Brothers Holdings Inc.
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