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Ssangyong Motor Seeks Receivership as Cash Runs Short (Update3)
Published January 8, 2009, 10:54 pm, Bloomberg
Jan. 9 (Bloomberg) -- Ssangyong Motor Co. filed for bankruptcy protection in South Korea, ending SAIC Motor Corp. ’s four-year management of the first overseas automaker controlled by a Chinese company.
SKorean president promises aggressive fiscal expenditure
Published January 8, 2009, 10:53 pm, Channel NewsAsia
SEOUL: South Korean President Lee Myung-Bak Friday called for greater public spending to overcome an "unprecedented" economic crisis, as the worsening outlook saw another cut in interest rates.
Cambodian premier may skip ASEAN summit
Published January 8, 2009, 10:52 pm, Philippine Daily Inquirer
PHNOM PENH -- Cambodian Prime Minister Hun Sen may not attend a regional summit in neighboring Thailand next month, his spokesman said Friday, after the meeting was rescheduled following months of protests in Bangkok.
Asia stocks slip ahead of U.S. jobs
Published January 8, 2009, 10:51 pm, The Globe and Mail
HONG KONG (Reuters) - Asian stocks slipped and the U.S. dollar drifted higher on Friday, as investors braced for the December U.S. payrolls data, expected to show sharp job losses and deal another blow to hopes for a speedy recovery this year.
Asia stocks slip in long wait for U.S. jobs data
Published January 8, 2009, 10:50 pm, The Globe and Mail
HONG KONG (Reuters) - Asian stocks edged down and the U.S. dollar drifted higher on Friday, as investors braced for the December U.S. payrolls data, expected to show sharp job losses and dash hopes for a speedy recovery this year.
TOPWRAP 2-World waits on U.S. jobs data as recession weighs
Published January 8, 2009, 10:50 pm, The Forex Market
WASHINGTON, Jan 9 (Reuters) - U.S. employers probably cut the most jobs in at least 34 years last month as the global economic crisis gathered pace and moves by policy makers took time to filter through to struggling companies.
University Professor: 'This show is amazing!'
Published January 8, 2009, 10:50 pm, The Epoch Times
University professor: “It’s been a very enriching experience, and my children are thrilled as well."
S.Korea c.bank drains 14 trln won via 6-day repos
Published January 8, 2009, 10:50 pm, The Forex Market
SEOUL, Jan 9 (Reuters) - South Korea's central bank said it drained on Friday 14 trillion won ($10.55 billion) from the local banking system via 6-day repurchase agreements (repos), more than the 13 trillion won that was due to mature during the day.
SPORTS IN BRIEF 9/1
Published January 8, 2009, 10:47 pm, Vietnam Net
Vietnamese tennis players will compete in Group 3 of the World Championship Davis Cup for the Pacific Ocean-Asia Zone in 2009. Players failed to qualify for Group 2 in their 2008 division, according to the International Tennis Federation.
(AFX UK Focus) 2009-01-09 06:39 UPDATE 2-S.Korea's Ssangyong seeks bankruptcy protection
Published January 8, 2009, 10:47 pm, Interactive Investor
By Cheon Jong-woo
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