Daily Highlights: 9.14.2010 - Kan Wins Party Vote, Yen Surges To Fresh Highs On No Intervention Threat

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  • Asian commodity stocks rise on growth hopes; Japanese shares fall on Yen.
  • China's currency advances to a fresh high against the U.S. dollar; CB sets the yuan-dollar parity rate at 6.7378.
  • China plans to introduce credit-default swaps by year-end, Official says.
  • Euro rises against dollar in morning European trading to $1.2877.
  • European industrial production stagnant in July.
  • EU raises 2010 growth forecasts; warns growth likely to slow in H2.
  • German investor confidence may decline to 18-month low as economy cools.
  • Greece raises $1.5B in oversubscribed 26-week treasury bill auction.
  • Hong Kong to lead housing growth; US, Europe face interest-rate threat.
  • Japanese PM wins party vote; will stay in power.
  • Ohio State's $655M sale leads a resurgence in Build America Bonds.
  • Saudi reveals large unconventional gas reserves.
  • Turkey's economy grows 10.3% in second quarter.
  • US corporate credit risk benchmark declines to the lowest in five weeks.
  • Wen says China's economy is in 'good shape,' cautions on property prices.
  • Yen rose sharply after PM Naoto Kan survived a challenge to his leadership.
  • AIG in talks to speed up an exit plan designed to repay taxpayers' money.
  • Allied Irish in race to raise $6.3B after selling Polish bank unit.
  • Bank of America should repurchase $20B in mortgages, Insurers say.
  • Chinese pipe makers Tianjin, Hengyang face US import duties of up to 99%.
  • Churchill Downs to acquire a small Mississippi casino for $138M in cash.
  • Cigna Corp. is expanding overseas to find growth amid uncertainties at home.
  • HB Fuller misses by $0.06, reports Q3 EPS of $0.38 as revs rose 7.4% to $338.6M.
  • Microsoft is said to plan debt sale to pay for dividends, buy back shares.
  • Nokia's smartphone business, Anssi Vanjoki, resigns.
  • Philips says it will grow sales 2% faster than the global economy for the next 5 years.
  • Toyota will introduce 6 new hybrid, gasoline-electric vehicles by 2012 globally.
  • US Justice Dept expects to file a civil suit in relation to Deepwater Horizon oil spill.
  • Volkswagen's August sales rose 11.2% to 545,500 vehicles.

Economic Calendar: Data on Retail Sales, Business Inventories to be released.

Earnings Calendar: BBY, GMTC, KR, LAKE, MDZ, PLL, PRLS, WPCS.

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