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Asian shares fall as economic gloom deepens [at Financial Times]Financial Times - Japan's Nikkei 225 led Asia-Pacific stocks sharply lower on Thursday as anxieties about the US economy and the global outlook were heightened amid worsening data.
Asian shares trade lower as worries persist [at Financial Times]Financial Times - Chinese stocks fought off the gloom enveloping the rest of the region on Wednesday amid growing hopes that Beijing would soon introduce a fuel tax that would help the profit margins of refining companies.
Asian wireless groups seek dealsFinancial Times - Two of the world's largest wireless operators, China Mobile and Bharti Airtel, are hunting for global acquisitions, underlining a shift in momentum in the sector from developed operators to cash-rich companies from emerging markets.
Asia: Economic gloom knocks Asian marketsShareCast - The Nikkei headed firmly into the red with exporters, real estate and banks doing most damage, as fears over the global economic outlook deepened.
Asian shares follow Wall Street lower [at Financial Times]Financial Times - Asia-Pacific shares followed Wall Street lower on Tuesday as significant job cuts, such as Citigroup's shedding of 52,000 positions, added to the bleak economic outlook.
SNAPSHOT - Financial Crisis - 1430 GMTAFP Journal Internet -
NEWS
- Crisis sends Japan into first recession in 7 years
- Citigroup (NYSE: C - news) to slash 50,000 jobs
- IMF says needs $100 billion over six months
- Bank of France sees French GDP contract 0.5 pct in Q4
- British unemployment to hit 3 million by 2010-employers
- IMF's Strauss-Kahn.
RPT-Americans uneasy over bailout for automakersAFP Journal Internet -
By Matthew Bigg
ATLANTA, Nov 17 (Reuters) - As the U.S. Congress debates legislation to help struggling automakers on Monday, many Americans said they were uneasy with the plan, arguing that while it may save jobs, it would reward companies for pursuing bad business practices.
SNAPSHOT - Financial Crisis - 1330 GMTAFP Journal Internet -
NEWS
- Crisis sends Japan into first recession in 7 years.
- Bank of France sees French GDP contract 0.5 pct in Q4
- IMF says needs $100 billion over six months
- British unemployment to hit 3 million by 2010-employers
- IMF's Strauss-Kahn says ECB has scope to cut interest
rates
- U.S. Senate to debate bailout of auto industry; Germany
says ready to help General Motors (NYSE: GM - news) ' Opel; Japan's Toyota under
ratings scrutiny.
SNAPSHOT - Financial Crisis - 1240 GMTAFP Journal Internet -
NEWS
- Crisis sends Japan into first recession in 7 years.
- Bank of France sees French GDP contract 0.5 pct in Q4
- IMF says needs $100 billion
- British unemployment to hit 3 million by 2010-employers
- IMF's Strauss-Kahn says ECB has scope to cut interest
rates, says will need more funds over next six months
- U.S. Senate to debate bailout of battered auto industry;
Germany says ready to help General Motors (NYSE: GM - news) ' Opel
MARKETS
- FTSEurofirst 300 down 2 pct
- Oil slips to below $56 a barrel, weakest in almost two
years on recession fears
- Australian shares fall 2.5 percent to 4-year closing low
- MSCI's main world stock index down three-quarters of a
percent for a 46 percent year-to-date loss
QUOTES
- 'The administration does not want U.S. automakers to fail,
and in fact we support assistance to automakers,' - White House
spokeswoman Dana Perino.
- 'As data shows, China's economy seems to be slowing.
GLOBAL MARKETS-Stocks, oil fall as G20 yields no specificsAFP Journal Internet -
By Natsuko Waki
LONDON, Nov 17 (Reuters) - World (WRGR.TA - news) stocks kicked off the week on a softer note on Monday while oil fell below $56 a barrel after a weekend summit of G20 world leaders in Washington failed to produce concrete measures to avert a global recession.
SNAPSHOT - Financial Crisis - 1225 GMTAFP Journal Internet -
NEWS
- Crisis sends Japan into first recession in 7 years.
- Bank of France sees French GDP contract 0.5 pct in Q4
- IMF says needs $100 billion
- British unemployment to hit 3 million by 2010-employers
- IMF's Strauss-Kahn says ECB has scope to cut interest
rates, says will need more funds over next six months
- U.S. Senate to debate bailout of battered auto industry;
Germany says ready to help General Motors (NYSE: GM - news) ' Opel
MARKETS
- FTSEurofirst 300 down 2 pct
- Oil slips to below $56 a barrel, weakest in almost two
years on recession fears
- Australian shares fall 2.5 percent to 4-year closing low
- MSCI's main world stock index down three-quarters of a
percent for a 46 percent year-to-date loss
QUOTES
'It's a day to miss, or a day to have a little respite from
the turmoil.
SNAPSHOT - Financial Crisis - 1145 GMTAFP Journal Internet -
NEWS
- Crisis sends Japan into first recession in 7 years.
- Bank of France sees French GDP contract 0.5 pct in Q4
- IMF says needs $100 billion
- British unemployment to hit 3 million by 2010-employers
- IMF's Strauss-Kahn says ECB has scope to cut interest
rates, says will need more funds over next six months
- U.S. Senate to debate bailout of battered auto industry
MARKETS
- FTSEurofirst 300 down 2 pct
- Oil slips to below $56 a barrel, weakest in almost two
years on recession fears
- Australian shares fall 2.5 percent to 4-year closing low
- MSCI's main world stock index down half a percent, to hit
a 46 percent year-to-date loss
QUOTES
'It's a day to miss, or a day to have a little respite from
the turmoil.
SNAPSHOT - Financial Crisis - 1110 GMTAFP Journal Internet -
NEWS
- Crisis sends Japan into first recession in 7 years.
- Bank of France sees French GDP contract 0.5 pct in Q4
- IMF says needs $100 billion
- British unemployment to hit 3 million by 2010-employers
- IMF's Strauss-Kahn says ECB has scope to cut interest
rates, says will need more funds over next six months
- U.S. Senate to debate bailout of battered auto industry
MARKETS
- FTSEurofirst 300 down 1.5 pct
- Oil slips more than $1 to below $56 a barrel, weakest in
almost two years on recession fears
- Australian shares fall 2.5 percent to 4-year closing low
- MSCI's main world stock indiex down half a percent, to hit
a 46 percent year-to-date loss
QUOTES
'It's a day to miss, or a day to have a little respite from
the turmoil.
Asia: Nikkei advances despite recession dataShareCast - The Nikkei gained Monday despite a report that showed the Japanese economy has slipped into recession.
GLOBAL MARKETS-Stocks slip as G20 yields no concrete stepsAFP Journal Internet -
By Natsuko Waki
LONDON, Nov 17 (Reuters) - World (WRGR.TA - news) stocks kicked off the week on a softer note on Monday while oil fell below $56 a barrel after a weekend summit of G20 world leaders in Washington failed to produce concrete measures to avert a global recession.
Asia: Nikkei advances despite GDP dataShareCast - The Nikkei gained Monday despite a report that showed the Japanese economy has slipped into recession.
Vietnam Eximbank to issue new stock to shareholdersAFP Journal Internet -
HANOI, Nov 17 (Reuters) - Vietnam's Export Import Commercial Bank (Eximbank), 15 percent owned by Japan's SMFG, said on Monday it would issue more than 297 million new shares next month to existing shareholders.
Asian shares close lower after choppy session [at Financial Times]Financial Times - Shanghai shares gained for a fourth-straight session on Monday, bucking the overall downward trend, as continued hopes for the country's stimulus plan and a rally in airline shares bolstered the overall market.
DIARY - Day ahead in the FX and debt marketsAFP Journal Internet -
This diary is a summary of key events likely to affect
trading in the Forex and debt markets.
Nikkei gains despite GDP, pension fund buying buoysAFP Journal Internet -
By Elaine Lies
TOKYO, Nov 17 (Reuters) - Japan's Nikkei (news) average gained 0.7
percent on Monday despite data showing the world's
second-largest economy has slipped into recession, with buying
by public pension funds seen as likely to have boosted shares
across the board.
Nikkei edges up despite GDP as pension funds buyAFP Journal Internet -
TOKYO, Nov 17 (Reuters) - Japan's Nikkei (news) average gained 0.7
percent on Monday despite data showing the world's
second-largest economy has slipped into recession, with buying
by public pension funds boosting shares across the board.
RPT-GLOBAL MARKETS WEEKAHEAD-Unremitting gloom, capital flightAFP Journal Internet -
LONDON, Nov 16 (Reuters) - Investors enter the week surrounded by unrelentingly poor global economic news, fading hopes of a significant end-of-year stock market recovery and a growing reliance on governments coming to the rescue.
Americans uneasy over bailout for automakersAFP Journal Internet -
By Matthew Bigg
ATLANTA, Nov 17 (Reuters) - As the U.S. Congress debates legislation to help struggling automakers on Monday, many Americans said they were uneasy with the plan, arguing that while it may save jobs, it would reward companies for pursuing bad business practices.
Japan Hot Stocks-Honda, Drugmakers, Daiwasystem, Elpida, OrixAFP Journal Internet -
TOKYO, Nov 17 (Reuters) - The benchmark Nikkei (news) average rose 2.4 percent and the broader TOPIX gained 1.9 percent as of 0504 GMT on Monday.
Asian shares make cautious gains [at Financial Times]Financial Times - Most major Asia-Pacific stock markets reversed early declines on Monday and were led higher by Japanese shares, which shrugged off confirmation the economy is in a recession.
Nikkei rises 2.1 pct, boosted by pension fund buyingAFP Journal Internet -
TOKYO, Nov 17 (Reuters) - Japan's Nikkei (news) average rose 2.1
percent in volatile trade on Monday as buying by public pension
funds helped boost share prices.
Japan Hot Stocks-Drugmakers, Daiwasystem, Elpida, OrixAFP Journal Internet -
TOKYO, Nov 17 (Reuters) - The benchmark Nikkei (news) average rose 2.1 percent and the broader TOPIX gained 1.5 percent as of 0433 GMT on Monday.
Japan Nikkei gains 3 pct, defensive shares buoyantAFP Journal Internet -
TOKYO, Nov 17 (Reuters) - The Nikkei average climbed 3 percent on Monday despite data showing Japan's economy has slipped into recession, with buying by pension funds in thin trade lifting the market.
Nikkei up 1.2 pct after sell-off in light tradeAFP Journal Internet -
By Aiko Hayashi
TOKYO, Nov 17 (Reuters) - The Nikkei average rose 1.2 percent
in thin trade on Monday as some investors rushed in to buy
following an initial sell-off after data showed Japan's economy
was in recession.
Japan Hot Stocks-Daiwasystem, Elpida, Orix, property, SMFGAFP Journal Internet -
TOKYO, Nov 17 (Reuters) - The benchmark Nikkei (news) average rose 1.2 percent and the broader TOPIX was 0.8 percent higher as of the midday break on Monday.
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