Today's News:
1. " As its economy continues to stagger, pressure mounts on Japan to stimulate growth by boosting exports to the United States, analysts said. To accomplish that goal, Japan may seek to weaken the yen against the dollar, which would make Japanese goods cheaper to buy in the United States, traders said."
2. "America's estimated net external debt - what Americans owe foreigners-of $1.2 trillion is roughly 15 percent of its total economic output. By contrast, the rest of the world owes Switzerland an amount equal to 130% of its gross national product, Japan about 23% and Germany 9%. Analysts say this explains why the dollar has weakened, the German and Swiss currencies have risen and the yen has performed better than expected."
3. "China's central bank governor recently vowed to shut down more insolvent small and medium-sized financial institutions. Meanwhile, a growing number of delegations travel from Bejing to Tokyo each year to study Japan's program to clean up its bad loans."
4. "Semarang, Indonesia - PT Bank Harapan Sentosa depositors who came to its big branch here yesterday looking for what remains of their money were met by armed police."
5. "Moves by two major business groups to seek court protection from their creditors signal that South Korean bankers are getting tougher on troubled companies. So far this year, seven major chaebols, the family-run conglomerates that dominate Korea's corporate realm, have stumbled into financial trouble."
6. Chin writes about Tong touching breast.
Tomorrow's News:
1. Tong pleads temporary insanity. |
