Archive for August 11th, 2009

Heidelberg Druckmaschinen Q1 net loss widens (AP)

German printing press maker Heidelberg Druckmaschinen AG said Tuesday its net loss for its fiscal first quarter widened 77 percent as the economic crisis curbed demand from publishers.

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Japan’s central bank holds key interest rate (AP)

Japan’s central bank kept its key interest rate unchanged at 0.1 percent Tuesday, and maintained a cautious view on the strength of recovery in the world’s second-largest economy.

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Fed nervous about an early recovery call (CNNMoney.com)

Suddenly, it seems, economists everywhere are starting to talk about the end of the recession.

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Elizabeth Warren says banks’ toxic assets are still a threat (CNNMoney.com)

The economy may show signs of life, but so-called toxic assets are still a major threat to any recovery, a bailout watchdog group warned on Tuesday.

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Bank of Korea keeps key rate at record low (AP)

South Korea’s central bank left its key interest rate unchanged at a record low Tuesday for a sixth straight month and said it’s too early to consider raising borrowing costs as the country emerges from its worst slowdown in over a decade.

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Oil rises above $71 after record Chinese oil data (Reuters)

Oil rose above $71 on Tuesday, ending a three-day losing streak as record Chinese oil imports and refinery production helped offset mixed economic data, while traders anticipated key reports on the state of global demand.

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Reportlinker Adds Global Trends 2009 – What is the World Coming To? (Business Wire)

NEW YORK—-Reportlinker.com announces that a new market research report is available in its catalogue.

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U.S. bailout panel: toxic assets may need more support (Reuters)

The Treasury Department should consider expanding programs to cleanse troubled assets from bank balance sheets if current efforts fail to restart markets or if economic conditions worsen, a U.S. bailout watchdog panel said on Tuesday.

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China’s industrial output rises, prices fall (AP)

China’s industrial output, trade and retail sales improved in July, data showed Tuesday, in positive signs for Beijing’s multibillion-dollar effort to restore stable growth in the world’s third-largest economy.

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Open Mobile Summit Defies Downturn – Shows Mobile Internet Economy Remains Healthy (Business Wire)

SAN FRANCISCO—-It’s been a dismal 12 months for industry conferences, but one mobile-meets-Internet industry conference is bucking the trend.

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