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Life Insurer Surplus Plunges $77 Billion, Erasing Six-Year Gain
Published January 7, 2009, 10:58 pm, Bloomberg
Jan. 8 (Bloomberg) -- U.S. life insurers , led by MetLife Inc. and Prudential Financial Inc. , lost $76.8 billion in surplus in 2008 on investment declines and costs guaranteeing retirement products, erasing six years of gains, Conning & Co. said.
Economic crisis fears return, drag on Asia stocks
Published January 7, 2009, 10:51 pm, The Globe and Mail
HONG KONG (Reuters) - Asian stocks and emerging market currencies fell on Thursday, with a recent rebound in investor willingness to take risks jeopardized by dire U.S. private employment data and fears about corporate earnings.
Asia stocks drop as economic fear grips investors
Published January 7, 2009, 10:50 pm, The Globe and Mail
HONG KONG (Reuters) - Asian stocks and emerging market currencies fell on Thursday, after dire U.S. private employment data and fears about corporate earnings cooled investor willingness to take risks for higher returns.
RPT-GLOBAL MARKETS-Econ crisis rears its head, Asia stocks drop
Published January 7, 2009, 10:42 pm, Reuters via Yahoo! Philippines News
* Technology shares sink after Intel warning reverberates
Asia stocks drop as economic fear grips investors
Published January 7, 2009, 10:42 pm, Reuters via Yahoo! Philippines News
By Kevin Plumberg
Economic crisis fears return
Published January 7, 2009, 10:37 pm, Philippine Daily Inquirer
HONG KONG -- Asian stocks and emerging market currencies fell on Thursday, with a recent rebound in investor willingness to take risks jeopardised by dire US private employment data and fears about corporate earnings.
Turkey - Factors to Watch on Jan 8
Published January 7, 2009, 10:35 pm, Reuters via Yahoo! Philippines News
ISTANBUL, Jan 8 (Reuters) - Here are news stories, press reports and events which could affect Turkish financial markets on Thursday.
UPDATE 2-S.Korea's president demands preemptive econ measures
Published January 7, 2009, 10:21 pm, The Forex Market
SEOUL, Jan 8 (Reuters) - South Korea's president on Thursday ordered officials to take pre-emptive steps to counter what he called a state of national economic emergency as fresh forecasts and data deepened gloom over Asia's fourth-largest economy.
08-01-2009:- US private sector cut 693,000 jobs in Dec, says ADP report
Published January 7, 2009, 10:20 pm, The Edge Daily
NEW YORK: US private-sector employers shed 693,000 jobs in December, a private employment service said yesterday in a report that was far worse than expected and pointed to more ugly news from the government’s jobs data due later this week.
Around the nation
Published January 7, 2009, 10:04 pm, Houston Chronicle
Treasury Secretary Henry Paulson on Wednesday said the best option for the future of Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities.
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