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Ex-UBS executives waive bonuses of SFr70m
Nov 27 2008 18:40
Chairman tells shareholders at special meeting that the Swiss bank has received an extra SFr22m in bonus waivers or repayments since the initial disclosures of SFr45m revealed this month Read more »
News Corp may face heir ‘deadlock’
Nov 27 2008 18:57
New book reveals agreement giving equal economic rights ito all […]

AIG to pay retention bonuses to executives
Nov 26 2008 23:41
One day after announcing limits on salaries and bonuses for its top executives, AIG revealed some of those executives will receive millions in “retention bonuses” next year Read more »
BHP Billiton defends decision to drop Rio bid
Nov 27 2008 02:19
BHP Billiton painted a gloomy near-term outlook for metals […]

World Bank says crisis will slow China
Nov 25 2008 19:14
In its latest update on the Chinese economy, the bank lowered its outlook for 2009 gross domestic product growth to 7.5% from 9.2% – a forecast it had made in June before the international financial crisis worsened Read more »
Concern grows as Tokyo delays stimulus plan
Nov 26 2008 […]

Allies to woo Afghan tribal power brokers
Nov 24 2008 23:31
Nato forces, the United Nations and the Afghan government will in the coming months target the 50 Afghan districts thought most likely to slip into Taliban hands Read more »
N Korea severs trade with south
Nov 24 2008 17:17
Communist North Korea is to cut its remaining commercial ties with […]

Standard Chartered prepares $3bn rights issue
Nov 23 2008 23:34
Standard Chartered is planning a $3bn rights issue to boost the emerging markets bank’s capital reserves and ease investors’ concerns about its ability to weather a severe economic downturn Read more »
Jaguar in plea for state aid
Nov 24 2008 02:49
The leading British carmaker is strongly backing industry efforts to […]

Retreat by credit insurers takes toll
Nov 24 2008 03:13
UK insurance groups see a near 60 per cent jump in claims bills to £97m in the third quarter as more companies enter into administration and fail to pay suppliers Read more »
Saudi Arabia cuts rates as shares slump
Nov 23 2008 13:50
Saudi Arabia has cut its main interest rate […]

Top seven at Goldman forgo bonuses
Nov 16 2008 23:17
Top executives at Goldman Sachs will receive no bonus for 2008 after the Wall Street group’s seven most senior bankers waived their right to a payout. Read more »
Citi chief looks to rally the troops
Nov 16 2008 23:35
Vikram Pandit, Citigroup’s chief executive, will on Monday attempt to rally his […]

First Global on India: The Sensex Has Halved & Will Halve Again…
Just like tech stocks of 2000, a lot of Emerging Markets stocks will be secular compounders…on the way down, that is. They will halve and halve again, many times. Just like radioactive decay. Because, essentially they are radioactive…
So lock and load, and go for […]

Credit Suisse on ICICI Bank: No Longer Fair Value
We reduce our target price to Rs 366 (Rs673 earlier), with a Neutral rating on the stock. In the worst case, which we think is unreasonable, the market may value only visible ROE of 8% in FY3/10 implying a target price of Rs 222. A possible downside […]

Japan-recession after contraction
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TOKYO, Japan (CNN) — Japan — the world’s second-largest economy — is in a recession, government officials announced Monday.
Japan’s Cabinet Office confirmed that its economy fell another 0.1 percent in the third quarter, following a 3 percent drop in the second quarter.
The country’s gross domestic product — second to […]