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  • Card processing work to shift to India Wednesday, January 7, 2009 @ 11:29AMProcessing of domestic card transactions will shift to India over the next few years with India Pay, a domestic payment system, expected to take over the activity which is so far done overseas.
  • RP dollar bond sale to cover foreign debt needs Wednesday, January 7, 2009 @ 11:25AMThe Philippines yesterday moved to corner yield-seeking investors, launching a dollar-denominated bond offer that could raise some $1.5 billion and cover its entire foreign borrowing needs for the year.
  • Dollar Still Down Post-ADP, But Bounces Off Lows Wednesday, January 7, 2009 @ 11:24AMNEW YORK (Dow Jones)--The dollar has bounced off its worst intraday levels Wednesday but remains mostly down against widely traded rivals after a dismal report on job losses in the U.S. private sector.
  • Meralco lowers electricity rates once more this month Wednesday, January 7, 2009 @ 11:17AMElectricity rates of giant utility Manila Electric Co. (Meralco) again posted a drop this month, because of lower generation charges from power suppliers.
  • (AFX UK Focus) 2009-01-07 15:54 INDICATORS - Czech Republic - January 7 Wednesday, January 7, 2009 @ 11:16AM(last updated on Jan 2 with 2008 state budget) -------------------------------------------------------------------------------
  • Fitch Rates Colombia's International Bond Issuance 'BB+' Wednesday, January 7, 2009 @ 11:15AM NEW YORK----Fitch Ratings has assigned a long-term foreign currency Issuer Default Rating of 'BB+' to the Republic of Colombia 10-year USD1 billion Eurobond .
  • Fitch Rates Brazil's 2019 Global Bonds 'BBB-' Wednesday, January 7, 2009 @ 11:10AM NEW YORK----Fitch Ratings has assigned a rating of 'BBB-' to Brazil's USD1.025 billion of 10-year global bond . The rating is in line with Brazil's foreign currency Issuer Default Rating .
  • UPDATE 1-Brazil has first dollar outflows in 6 yrs in 2008 Wednesday, January 7, 2009 @ 11:08AMSAO PAULO, Jan 7 (Reuters) - Brazil had net dollar outflows in 2008 for the first time in six years as investors dumped local stocks and bonds and the country's trade surplus dwindled, central bank data showed on Wednesday.
  • (AFX UK Focus) 2009-01-06 18:51 UPDATE 1-Egypt foreign reserves down to $34.11 bln in Dec Tuesday, January 6, 2009 @ 2:16PMCAIRO, Jan 6 (Reuters) - Egypt's net foreign reserves fell for a second straight month to $34.11 billion in December, $300 million down on $34.41 billion in November, the central bank said on Tuesday.
  • Shuffle Master, Inc. to Announce Fourth Quarter and Fiscal Year 2008 Financial Results Tuesday, January 6, 2009 @ 1:56PMShuffle Master, Inc. (NASDAQ Global Select Market: SHFL) announced today that the Company will hold a conference call to discuss its operating results for the fourth quarter and fiscal year ended October 31, 2008, with the details as follows:
  • Deepening Israeli assault on Hamas divides Arab world Tuesday, January 6, 2009 @ 1:49PMIsraeli forces struck two United Nations schools in the Gaza Strip on Tuesday, killing at least 34 people, as international call for an immediate cease-fire grew.
  • Protectionism: can it help us survive? Tuesday, January 6, 2009 @ 1:46PMThe economic crisis that swept the globe in 2008 provoked debate about whether individual states or trade blocs could insulate themselves from the international turmoil through “protectionist” economic measures.
  • Shuffle Master, Inc. to Announce Fourth Quarter and Fiscal Year 2008 Financial Results Tuesday, January 6, 2009 @ 1:43PM LAS VEGAS----Shuffle Master, Inc. announced today that the Company will hold a conference call to discuss its operating results for the fourth quarter and fiscal year ended October 31, 2008, with the details as follows: Date: Thursday, January 15, 2009 Time: 2:00 p.m.
  • Colombia's Stock Index Rises On Oil Price; Peso Strengthens Tuesday, January 6, 2009 @ 1:38PMBOGOTA (Dow Jones)--The Colombian benchmark IGBC stock index rose on Tuesday lifted by shares of state-controlled oil company Ecopetrol SA (ECOPETROL.BO), which were boosted by oil prices.
  • UPDATE 1-US regulators say community lending law important Tuesday, January 6, 2009 @ 1:37PMWASHINGTON, Jan 6 (Reuters) - U.S. regulators on Tuesday said a federal law requiring banks to invest in neighborhoods with high poverty or unemployment rates can be an important and efficient way for providing underserved areas with home and other types of loans.
  • Obama May Use Chavez as Test for Talking With Foes (Update1) Tuesday, January 6, 2009 @ 1:32PMJan. 6 (Bloomberg) -- In a mirrored office tower overlooking Caracas, a top Venezuelan official says his government is ready to accept Barack Obama ’s offer to talk with U.S. adversaries -- if the president-elect scraps George W.
  • Rand at mercy of global forces Tuesday, January 6, 2009 @ 12:54AMTHE rand started the year on an upbeat note, but opinion is divided on whether it will reap the rewards of an expected revival in global appetite for risk.
  • South African Markets - Factors to watch on Jan 6 Tuesday, January 6, 2009 @ 12:52AMJOHANNESBURG, Jan 6 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.
  • (AFX UK Focus) 2009-01-06 05:15 HK dollar eases, interbank rates remain soft Tuesday, January 6, 2009 @ 12:46AMHONG KONG, Jan 6 (Reuters) - The following is a snapshot of the Hong Kong foreign exchange and money markets on Tuesday. Morning Previous Close At 0350 GMT At 0904 GMT
  • FACTBOX-Indonesia's measures to fight global slowdown Tuesday, January 6, 2009 @ 12:41AMJAKARTA, Jan 6 (Reuters) - Indonesia has announced a $6.5 billion fiscal stimulus package in its latest measure to support Southeast Asia's biggest economy amid a sharp global downturn.
  • Yuan slips vs dollar, c.bank to limit downside Tuesday, January 6, 2009 @ 12:38AMSHANGHAI, Jan 6 (Reuters) - The yuan fell against the dollar for a second straight day on Tuesday in response to the dollar's global strength, but traders said they expected the Chinese central bank to prevent any major drop of its currency.
  • Asian Currencies: Thai Baht, Malaysian Ringgit Fall; Peso Gains Tuesday, January 6, 2009 @ 12:36AMJan. 6 (Bloomberg) -- Thailand’s baht and the Malaysian ringgit fell to three-week lows on concern deepening recessions in the world’s major economies will sap demand for regional assets.
  • Obama May Use Chavez as First Test for Talking With Adversaries Tuesday, January 6, 2009 @ 12:34AMJan. 6 (Bloomberg) -- In a mirrored office tower overlooking Caracas, a top Venezuelan official says his government is ready to accept Barack Obama ’s offer to talk with U.S. adversaries -- if the president-elect scraps George W.
  • The American puppet state Tuesday, January 6, 2009 @ 12:34AMPresident George W. Bush was in his stand-up comedian role when he declared that he wanted to be remembered as a fighter for human rights. Seldom has a fighter for human rights amassed Bush’s death toll.
  • Lawyers urged for 3 accused of scam Tuesday, January 6, 2009 @ 12:27AMThree S.C. men accused of bilking investors out of millions of dollars shouldn't be allowed to represent themselves at trial, federal prosecutors said Monday, asserting that the defendants would use the federal trial as a platform to challenge the government's authority to try them. The defendants apparently intend "to try to use the case as a forum to advance their anti-Government views," ...
  • Euro Falls on Speculation Report Will Show Inflation Slowing Tuesday, January 6, 2009 @ 12:26AMJan. 6 (Bloomberg) -- The euro fell against the yen and traded near a three-week low versus the dollar before European Union data that will probably show inflation slowed, giving the European Central Bank more room to lower interest rates.
  • Israel Stocks Gain as Investors See ‘Contained’ War (Update4) Monday, January 5, 2009 @ 12:12PMJan. 5 (Bloomberg) -- Investors in Israeli stocks are disregarding a war less than 60 kilometers (37 miles) away from the commercial center in Tel Aviv, helping the TA-25 index rebound from its worst year since 1983, on bets fighting will be limited.
  • PNB cuts interest rates on NRE deposits Monday, January 5, 2009 @ 12:09PMPunjab National Bank (PNB) today announced a cut in interest rate on Foreign Currency Non-Resident deposit schemes for dollar, British pound and euro effective from January 1.
  • Dollar Rally Fizzling as Fed Triggers Risk Appetite (Update3) Monday, January 5, 2009 @ 12:07PMJan. 5 (Bloomberg) -- The dollar, yen and Swiss franc may weaken this year against 2008’s biggest losers in the currency markets as the global economy starts to recover, the largest foreign-exchange strategists and investors say.
  • Latin America stocks gain on US construction data Monday, January 5, 2009 @ 11:59AMLatin American stocks rose Monday as investors bet better than expected economic news from the U.S. would buoy local markets.
  • ECB's Constancio says rates guided by inflation goal Monday, January 5, 2009 @ 11:53AMLISBON, Jan 5 (Reuters) - European monetary policy will respond with interest rate cuts to maintain inflation around 2 percent, European Central Bank Governing Council member Vitor Constancio said on Monday.
  • Dollar Rises to Three-Week High Against Euro on U.S. Stimulus Monday, January 5, 2009 @ 11:52AMJan. 5 (Bloomberg) -- The dollar rose to a three-week high against the euro and advanced versus the yen on speculation President-elect Barack Obama ’s fiscal stimulus will help the U.S. economy recover from recession.
  • Latin America stocks gain on US construction data Monday, January 5, 2009 @ 11:50AMLatin American stocks rose Monday as investors bet better than expected economic news from the U.S. would buoy local markets. Brazil's benchmark Ibovespa index climbed 2 percent to 41,037 around midday, adding to a 7 percent gain seen on Friday, the first...
  • Prosecutors: Appoint counsel in 3 Hebrew Boys case Monday, January 5, 2009 @ 11:44AM(AP:COLUMBIA, S.C.) Three South Carolina men accused of bilking investors out of millions of dollars shouldn't be allowed to represent themselves at trial, federal prosecutors said Monday, asserting that the defendants would use the federal trial as a platform to challenge the government's authority to try them.
  • (AFX UK Focus) 2009-01-05 15:57 UPDATE 1-Danish foreign reserves rise less than expected Monday, January 5, 2009 @ 11:30AMCOPENHAGEN, Jan 5 (Reuters) - Denmark's foreign exchange reserves rose by 39.9 billion Danish crowns ($7.46 billion) to 212.7 billion in December, the central bank said on Monday -- a bigger than expected rise that boosted the chances of interest rate cuts. Analysts polled by Reuters had forecast that the foreign currency reserves would rise to 191.8 billion crowns, excluding central government ...
  • Aberdeen lured by India bonds, Investec favours Brazil Saturday, January 3, 2009 @ 2:13PMInternational investors are buying Brazilian, Indian and Indonesian bonds, driving the biggest monthly gain in emerging-market debt in at least three years, as the central banks cut interest rates to support their economies.
  • GOVERNMENT Saturday, January 3, 2009 @ 1:50PMPOLICY: ‘Stimulus may not revive commercial vehicle sales’ Only large fleet operators to benefit from ‘depreciation’ move: NBFCs. Chennai, Jan. 3 Non-banking finance companies (NBFCs), which finance the purchase of half the commercial vehicle sales in the country, say the ‘50 per cent ...
  • INDUSTRY & ECONOMY Saturday, January 3, 2009 @ 1:50PMSTEEL: Steel offtake rises 30-40% on higher demand Sales driven by combination of new demand, import replacement. New Delhi, Jan. 3 Through the grey of Delhi’s foggy skies a little ray of hope appears to be shining on one of Asia’s largest steel markets – the Loha Mandi in ...
  • HOME PAGE Saturday, January 3, 2009 @ 1:48PMTariff advisory body plans to network with crime, traffic database Will help non-life insurance cos verify status of vehicles.
  • S.Korea says domestic power prices too low Saturday, January 3, 2009 @ 11:37AMSEOUL, Jan 4 (Reuters) - South Korea's energy minister said current power prices were insufficient for state-run power companies -- Korea Electric Power Corp (KEPCO) and Korea Gas Corp, urging an increase in electric rates.
  • Sister to pick up search in China Saturday, January 3, 2009 @ 11:28AM Sossy Ashekian will leave Windsor for Hong Kong Monday to assist in the search for her sister Ani, who vanished in the city of seven million people nearly two months ago.
  • Egypt, Feeling Pressure From the Arab World on Gaza, Also Feels It From Within Saturday, January 3, 2009 @ 6:13AMA sustained Israeli ground operation in neighboring Gaza would sharply increase public pressure on President Hosni Mubarak to do more to help the Palestinians there.
  • Mugabe ready to go it alone Saturday, January 3, 2009 @ 5:13AMZimbabwean President Robert Mugabe has hinted that he will soon form a government even if Morgan Tsvangirai does not become part of it.
  • Mugabe to form government without opposition: Report Saturday, January 3, 2009 @ 4:59AMHarare, Jan 3 : Zimbabwe's President Robert Mugabe has hinted that he will soon form a government even if the country's opposition leader does not become part of it, a state-run newspaper reported Saturday.
  • New regulation on foreign currency reserve requirement interest rate Saturday, January 3, 2009 @ 4:52AMNhan Dan Online - From January 1, 2009, the interest rate applicable to excessive amount of reserve requirement in foreign currencies of credit institutions and the State Treasury’s foreign currency deposits with the State Bank of Vietnam is 0.5% per year.
  • Contradictions in China, and the Rise of a Billionaire Family Saturday, January 3, 2009 @ 4:39AMThe story of Liu Yongxing a former factory worker who is now listed by Forbes as the wealthiest person in China is a peek into the changes facing China.
  • Ramonan sentenced in wire fraud Friday, January 2, 2009 @ 8:04PMPublished 10/30/2008 - 9:10 a.m. A Ramona man who in April pled guilty to wire fraud was sentenced in Florida last week to 63 months in federal prison and ordered to pay $6.7 million in restitution.
  • Latin American stocks up on New Year's optimism Friday, January 2, 2009 @ 6:35PMLatin American stocks rose across the board Friday, mirroring a rally on Wall Street and in world markets, which moved upward with New Year's optimism despite grim global economic news. Brazil's Ibovespa stock index rose 7.2 percent to close at 40,244; Mexico'...
  • RBI relaxes ECB policy Friday, January 2, 2009 @ 6:23PMMumbai: The Reserve Bank of India today liberalised further the External Commercial Borrowings (ECB) policy by dispensing of all-in-cost ceilings until June 30, in respect of Approval route.
  • ECB move to help once mkts stabilise Friday, January 2, 2009 @ 3:17PMThe changes in external commercial borrowing norms have opened a wide window of financing for corporate India...