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China tightening worries spook investors, hit markets

Fears of more Chinese policy tightening spooked global markets on Tuesday after Beijing ordered some banks to comply immediately with a planned increase in reserves and a report suggested earlier attempts at curbing lending had failed.

Asia shares slump on China loan curb fears

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Asian stocks slid on Tuesday, with Taiwan suffering its worst one-day fall in six months, as fears mounted that China could impose further measures to curb soaring loan growth, potentially dampening a global recovery.

Daily Forecast - 26/1/2010

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Yesterday's surprise 0.4% decline in the Producer Price Index did little to curb the markets support for the Aussie dollar around 90 cents as it traded at an intraday high near 0.9075.
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HP to launch music service in Europe

Hewlett-Packard, the world's biggest maker of PCs, will launch a digital music service across key European markets on Monday, hoping to benefit from consumers' rising appetite for new types of music download services.
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Daily Forecast - 25/1/2010

The Aussie dollar dipped below 90 cents during Friday's Asian session following a larger than expected 4.3% fall in the Australian Q4 import price index.
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Iceland seeks int'l mediation on Icesave: report

Iceland has approached several governments about the possibility of mediating talks on the more than $5 billion its owes to Britain and the Netherlands after the island's banking crisis, Icelandic media reported on Sunday.
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Afghanistan delays parliament poll

Afghan election authorities have agreed to push back a parliamentary election to September from May, pleasing diplomats who wanted time to prevent a repeat of the rampant fraud that plagued a presidential vote last year.
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Bank curbs, political fallout slam Wall Street

Stocks capped their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits, and tech shares slumped after Google Inc's disappointing results.
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Wall Street sinks on bank, political jitters

Stocks tumbled in their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits and a drop in tech shares after Google Inc's disappointing results.
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U.K. stocks continue to fall on weak retail sales

The FTSE 100 index was essentially flat early in the London session, but proceeded to drop as much as 40 points, or 1.4 percent, after weaker than expected U.K. retail sales were announced at 9:30 am in London.
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Obama bank plan wins tentative support in Europe

France, Britain and Germany offered support on Friday for President Barack Obama's plan to limit banks' size and trading activities but fell short of pledging to follow suit on the proposal that has stunned world markets.
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Dramatic Obama bank plan wins some backing in Europe

France, Britain and Germany offered some support on Friday for U.S. President Barack Obama's plan to curb banks' size and trading activities, which has stunned markets and could rewrite the world's financial order.
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AMD revenue beats Street but shares slip

Advanced Micro Devices Inc reported better-than-expected revenue on strong holiday spending but its shares slid more than 4 percent as investors cashed in recent gains.
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Airbus, buyers adjourn tough A400M talks

Airbus and seven European NATO nations adjourned crucial talks over the troubled A400M military transporter plane until Friday and a source close to the talks said they remained far apart on a possible rescue package.
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Daily Forecast - 22/1/2010

The Aussie dollar bounced back from sub 91 cents to a 0.9135 in Asia yesterday with the release of Chinese economic data which signalled a strong performance in Q4 2009 and indeed throughout the calendar year.
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Rescue teams pull back as Haiti aid flows in

Somalia's hardline al Shabaab rebels threatened on Thursday to attack neighbouring Kenya following a crackdown on Somalis in the capital Nairobi, according to a recording posted on an al Shabaab Web site.
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Somali hardline rebels threaten Kenya attack

Somalia's hardline al Shabaab rebels threatened on Thursday to attack neighbouring Kenya following a crackdown on Somalis in the capital Nairobi, according to a recording posted on an al Shabaab Web site.
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Yemen stops airport visas to hamper militants

Yemen will stop issuing tourist visas on arrival to foreigners in an effort to prevent militants entering the country as it steps up its war on al Qaeda, a government official and state media said on Thursday.

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