Daily Highlights: 11.6.09
- Asian markets rise after Wall Street rallies on positive economic data; HK up nearly 2 pct.
- Australia's central bank raises growth forecast, strongly hints at more rate hikes.
- China blasts US anti-dumping tariffs on steel pipe imports ahead of Obama visit.
- China criticizes US over pipe duties, launches auto probe ahead of first Obama visit.
- China shares rise for sixth day on better corporate earnings, ending week up 5.6 percent.
- Congress passes economic package helping jobless, homebuyers.
- Delegates discuss way forward in UN climate talks.
- Euro up slightly at $1.4877 in European morning trade ahead of key US jobs data.
- G20 finance officials face task of fulfilling pledge to lessen global trade, budget imbalances.
- Germany sees number of corporate bankruptcies rise 12.3 percent on year in August.
- Gov't. risked taxpayer trillions to save banks, and the subsidies continue, watchdog says.
- Obama, House leaders press to secure votes for sweeping health care bill.
- Oil rises above $80 in Asia as global stock markets surge.
- Singapore's DBS bank 3Q profit jumps 49 percent as fee income surges.
- South Korea ratifies India free trade deal as Asian economies expand foreign markets.
- Unemployment rate inches closer to 10 percent; jobless recovery expected but not for months.
- World unemployment is still climbing despite signs of global economy is on the rebound.
- AIG's Sept. net income rose from a $24.5B loss last year to a $455M gain this year.
- British Airways posts H1 loss of $346 as revenues slide 13.7 pct.
- CBS's Sept. operating income declined from $505M last year to $450M this year, net up.
- Fannie Mae reported a Sept. loss of $18.9B and is seeking more US help.
- German reinsurer Hannover Re 3Q net income rises to euro159M.
- Hermes International says sales of leather bags drove 10 pct revenue growth in 3rd quarter.
- Mirant's Sept. EBITDA rose from $278M last year to $311M this year.
- NEC Corp. surges more than 10 percent to 273 yen announcing plans of a new share issuance.
- Royal Bank of Scotland posts $3B Q3 loss, lending to companies up 5 percent.
- Sotheby's Sept. net loss rose from $46M last year to $58M this year.
- State Street Sept. net income rose from $477M last year to $516M this year.
- Telus's Sept. EBITDA declined from $975M last year to $923M this year.
- Toyota's Prius hybrid top-selling car in Japan for sixth straight month.
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