Sunday, August 15, 2010

Iran Nuclear Reactor Getting Russian Fuel Reactor Expected To Be Operational In September

http://indyposted.com/37692/iran-russia-nuclear-reactor-fuel-energy-weapon/

Reactor Expected To Be Operational In September

Russia’s Federal Atomic Energy Agency told international news media that the Iranian reactor testing is finished, and that the reactor is beginning a “stage of physical start-up.”

Friday, July 9, 2010

Fitch: British budget strong intention ‘to maintain the AAA status

http://www.associatedreportonline.com/fitch-british-budget-strong-intention-to-maintain-the-aaa-status/075

North Korea Avoids Blame in UN Statement on Warship Sinking

http://www.bloomberg.com/news/2010-07-08/china-u-s-agree-at-un-to-condemn-march-attack-on-south-korean-warship.html

S. Korea Raises Rates First Time Since Crisis as Asia Resilient to Crisis

http://www.bloomberg.com/news/2010-07-09/bank-of-korea-raises-interest-rate-to-2-25-to-stem-inflation-on-recovery.html

Bank of Korea researchers said in a report this week that it is “inevitable” that Greece will default because a shrinking economy will push its debt to an unsustainable level. While such an outcome isn’t imminent, it may trigger “major chaos” in global financial markets if it occurs, they said.

Concern over Europe’s debt crisis IS keeping some policy makers from raising interest rates. Australia this week joined the U.S., Europe and Indonesia in keeping borrowing costs unchanged to gauge whether the European crisis threatens the global economic recovery.

Thursday, July 8, 2010

Korea Exchange Bank 4.875% Dollar Bond Spread Narrows (Update1)

http://www.businessweek.com/news/2010-07-08/korea-exchange-bank-4-875-dollar-bond-spread-narrows-update1-.html

The cost of insuring Asian bonds against non-payment fell to the lowest in two weeks, according to traders of credit- default swaps.

The Markit iTraxx Asia index of 50 investment-grade borrowers outside Japan dropped 9 basis points to 131 basis points as of 10:27 a.m. in Hong Kong, according to Credit Agricole CIB. That’s the lowest since June 23, according to CMA DataVision in New York. A basis point is 0.01 percentage point.

Korea Won to Fall Most in Asia in Quarter, Credit Agricole Says

http://www.businessweek.com/news/2010-07-08/korea-won-to-fall-most-in-asia-in-quarter-credit-agricole-says.html

China, South Korea’s biggest export market, will see economic growth slow this quarter, Kowalczyk said. Goldman Sachs Group Inc. lowered its economic growth forecast for China this year to 10.1 percent from 11.4 percent last week.

Wednesday, June 30, 2010

Obama Says Economy Hitting `Headwinds' From Europe

http://www.bloomberg.com/news/2010-06-29/obama-meets-with-bernanke-says-economy-is-hitting-headwinds-from-europe.html

U.S. Stocks Plunge; S&P 500 Tumbles to Eight-Month Low

http://www.bloomberg.com/news/2010-06-29/stock-index-futures-decline-on-concern-china-s-economic-growth-set-to-cool.html

“China set the tone in the morning and then it accelerated, with investors probably exiting the market ahead of the U.S. unemployment data on Friday,” said Peter Jankovskis, who helps manage about $2.2 billion as co-chief investment officer at Oakbrook Investments in Lisle, Illinois. “The market volatility is growing, which reflects the overhang from the situation in Europe and the slowdown in China.”

Monday, June 28, 2010

Fiscal contraction can cause double-dip recession: PM

http://www.business-standard.com/india/news/fiscal-contraction-can-cause-double-dip-recession-pm/399644/

In his intervention, the Prime Minister said members of the group should refrain from simultaneously withdrawing the economic stimulus despite concerns over the high debt levels in some countries, particularly in the Euro zone.

“Concerns about debt sustainability normally suggest a need for fiscal correction. But circumstances are not normal. The recovery is still fragile and private demand in industrialised countries is likely to remain weak,” he said, while pointing out that unemployment remained high despite a rebound in output.

Thursday, June 24, 2010

Nuclear proliferation in South Asia - The power of nightmares

http://www.economist.com/node/16426072?story_id=16426072&source=hptextfeature

China’s proposed sale of nuclear reactors to Pakistan will intensify nuclear rivalry with India. But the damage will go far wider

By any measure, Pakistan is a shocker. Its proliferation record would make the serial nuclear mischief-makers of North Korea blush. If the Chinese reactor deal goes ahead, the damage will be huge: beyond just stoking the already alarming nuclear rivalry between Pakistan and India.