China says 156 dead in Xinjiang unrest
| China says 156 dead in Xinjiang unrest |
| China locked down Urumqi, the capital of its northwestern Xinjiang province, as officials said 156 people had been killed in rioting, in the worst ethnic unrest in the country since the Cultural Revolution http://link.ft.com/r/H60H77/ |
| Obama and Medvedev agree arms cuts |
| The US and Russia on Monday pledged to make big cuts in their strategic nuclear arsenals and pursue closer ties but failed to settle their most serious dispute, a row over US plans to install an anti-missile defence system in eastern Europe http://link.ft.com/r/H60H77/ |
| BAIC plans Opel China plant |
| Beijing Automotive Industry Corporation aims to expand rapidly in China if it acquires the General Motors unit with a $2bn plan to set up what would become Opel’s first factory in the mainland http://link.ft.com/r/H60H77/ |
| EU plans new push on bank reform |
| A draft report expected to be backed by EU finance ministers in Brussels onTuesday says there is a “strong case” for curbing existing rules on banks’ funding needs http://link.ft.com/r/H60H77/ |
| Former Goldman employee accused of cyber-theft |
| US law enforcement officials arrested a former Goldman Sachs employee over the weekend, accusing him of stealing sensitive automated trading codes and uploading them to a server based in Germany. http://link.ft.com/r/H60H77/ |
| Indian budget disappoints investors |
| India outlined measures to speed infrastructure development and unveiled increased spending for farmers and the poor in its first budget since Prime Minister Manmohan Singh’s government was re-elected in May http://link.ft.com/r/H60H77/ |
| Judge approves plan to sell GM assets |
| A US judge approved the sale of General Motors’ assets to a new company in a move that that could allow the carmaker to exit from bankruptcy as soon as this week http://link.ft.com/r/H60H77/ |
| California credit rating cut close to junk |
| California’s debt rating was slashed by Fitch Ratings to triple B – two notches above junk – after the state was forced to issue IOUs for certain payments while it frantically tries to agree a budget http://link.ft.com/r/H60H77/ |
| Japan extends loan deal to Indonesia |
| Japan has agreed to extend Indonesia a further Y1,500bn in currency swaps to help south-east Asia’s largest economy access foreign-currency funding during a crisis http://link.ft.com/r/H60H77/ |
| Robert McNamara dies at age 93 |
| Robert McNamara, architect of the Vietnam war, died in his home at the age of 93 http://link.ft.com/r/H60H77/ |
Financial Times - US homepage |
| DoJ to review handset arrangements |
| The US Department of Justice has started an informal review of the exclusive arrangements that limit handsets like Apple’s iPhone to particular wireless communications companies, people said http://link.ft.com/r/H60H77/ |
| AIG brands Greenberg ‘a liar’ as trial nears end |
| A lawyer for AIG called Hank Greenberg, the insurer’s ex-chief executive who was ousted in 2005, ‘a liar’ and accused him of fabricating evidence in a $4.3bn lawsuit involving his private investment fund. http://link.ft.com/r/H60H77/ |
| Earnings season brings ‘green shoots’ hunt |
| Investors will be looking for US companies to start providing evidence that “green shoots” of recovery have begun sprouting on their bottom lines when they start reporting second-quarter results http://link.ft.com/r/H60H77/ |
| Fink warns on EU hedge fund rules |
| The adoption of tough European restrictions on hedge funds would provoke a transatlantic regulatory war, warns Stanley Fink, the former chief executive of Man Group http://link.ft.com/r/H60H77/ |
| Wall St defensive stocks provide support |
| Defensive stocks spurred a late rally on Wall Street to turn US equities positive following the previous session’s heavy falls. http://link.ft.com/r/H60H77/ |
| Brazil to cut back high cost of labour |
| Brazil’s government is preparing sharp cuts to the country’s very high labour costs as a way of boosting productivity and growth, Guido Mantega, finance minister, said http://link.ft.com/r/H60H77/ |
Financial Times - UK Homepage |
| House price slide hits recovery hopes |
| European house prices fell more quickly in the first quarter of 2009 than even in the fourth quarter of 2008, a trend that looks set to dim the region’s hopes for recovery http://link.ft.com/r/H60H77/ |
August 22nd, 2009
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