Worldwide
Euro Drops on Greece Bailout Concerns; Asian Stocks, Oil, Copper Decline The euro weakened against the
dollar and the yen for a second day as a Greek official was
cited as saying the country had little hope of aid from a
European Union summit next week and may seek help from the
International Monetary Fund. Asia shares and crude oil dropped.
Germany Seeks IMF Role for Greece in Reversal, CDU Lawmaker Meister Says Greece should turn to the
International Monetary Fund if it needs aid, the chief finance
spokesman for German Chancellor Angela Merkel’s party said, in a
reversal that signals a rift with European leaders Jean-Claude
Trichet, Jean-Claude Juncker and Nicolas Sarkozy.
Bank of Japan's Loan Program May Resound More With Government Than Economy The Bank of Japan’s decision to
double the size of a liquidity program for banks may prove more
effective in placating the government than stemming deflation.
China Conducts Stress Tests to Gauge Impact on Industry of End to Yuan Peg China is conducting yuan stress
tests for 12 industries to gauge the possible effect of
appreciation on companies, said the China Council for the
Promotion of International Trade.
SLM Sells Debt at Higher Interest Rate Than Students Pay: Credit Markets SLM Corp., the biggest U.S.
student-loan company, tapped the bond market for the first time
in almost two years, paying more than it charges some borrowers
as $11 billion of bonds mature through 2011.
Morgan Stanley Said to Hire Dunnett, Potel From Standard Chartered in Asia Morgan Stanley, ranked third in
investment-banking fees for 2009, hired Janice Dunnett and two
other executives from Standard Chartered Plc’s convertible bonds
team in Hong Kong, people with knowledge of the matter said.
ONGC, Oil India Ordered to Buy `Big' Assets Abroad, Boost Energy Security India, planning a sovereign wealth
fund to help companies compete with China for overseas energy
assets, has ordered state-run Oil & Natural Gas Corp. and Oil
India Ltd. to speed up purchases in the year starting April.
Obama's Health Plan Gets Kucinich's Vote, Faces Another Delay in Congress President Barack Obama scored a
victory in his bid to overhaul the health-care system when a
Democratic lawmaker agreed to switch his vote and back the
legislation, even as the bill faced delays in Congress.
Clinton to Push Nuclear Arms-Control Treaty, Mideast Peace Talks in Moscow U.S. Secretary of State Hillary
Clinton will seek to speed up the signing of a new nuclear arms-
control treaty and discuss the Middle East peace process when
she arrives in Moscow today.
Dodd Chief Counsel Traded Financial Securities as Panel Wrote Crisis Laws Senate Banking Committee Chairman
Christopher Dodd’s chief counsel in 2008 traded stock in Morgan
Stanley, Wells Fargo & Co., American International Group Inc.
and other rescued companies as the panel considered legislation
to address the credit crisis, according to her financial
disclosure form filed with the Senate.
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