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Daily Highlights: 1.11.10

Tyler Durden's picture




 
  • Abu Dhabi sovereign fund has most holdings in US, Europe; sees potential in the West.
  • Asia stocks, metals rise as China exports soar
  • Chavez, harried by recession and declining popularity, devalues Venezuela's currency.
  • China's investigation of Rio Tinto executive complete, case with prosecutors.
  • China is expected to rev up steel production by nearly 10% this year.
  • China may overheat with 16% GDP growth in 2010, Govt researchers say.
  • China's exports surged 17.7% in December, ending 13 months of contraction.
  • Dollar falls to 3-week low on increasing signs of Asian growth.
  • Most shuttered auto plants remain closed; communities struggle to find new uses.
  • NYC health officials ask food manufacturers to cut salt content.
  • Oil rises above $83 in Asia as investors cheer signs of strong Chinese crude demand.
  • Russia's markets, ruble rise after 10-day vacation on higher commodities prices.
    Stock futures suggest gains; eyes on Alcoa.
  • US govt to ramp up the sale of bonds that provide protection against inflation.
  • Alcoa may post profit as recovering global economy boosts aluminum prices.
  • Credit Suisse appoints former CNBC executive Pamela Thomas-Graham to executive board.
  • Ferrero in talks to line up $4.5B loan for possible joint bid with Hershey for Cadbury.
  • Green Mountain Coffee Roasters extends offer to acquire Diedrich Coffee for $35/sh.
  • Heineken nears deal to buy beer business of Femsa for $7.5-8B.
  • Honda Motor expects its global production to grow 6% for the next fiscal year.
  • India's Reliance Industries sells $763M of shares to fund bid for Lyondell.
  • Japan Airlines is set for bankruptcy as PM Hatoyama abandons bailout policies.
  • PSA Peugeot Citroen predicts more pain in 2010 after vehicle sales slip 2.2 percent in 2009.
  • RBS has issued a teaser document detailing the 300 branches it will sell off.
  • SABMiller said to have pulled out of bidding for beer division of Femsa.
  • UBS AG returned to profit in Q4, but clients are still withdrawing assets.
  • UPS boosted its Q4 profit projections by more than 15%, signaling economy rebounding.

Earnings Calendar: AA, PEDH.

Companies to watch: Alcoa, Heineken, Honda Motor, RBS, SABMiller, UBS, UPS.
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Data provided by Egan-Jones Ratings and Analytics

 

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