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To: Real Man who wrote (354722)	1/24/2008 8:55:52 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

The equity markets are weird finance.yahoo.com

To: Real Man who wrote (354722)	1/24/2008 9:01:01 AM
From: ldo79	Respond to of 436258

India wants a piece of the action..... Indian bank staff to strike tomorrow; stock exchanges declare settlement holiday January 24, 2008: 08:32 AM EST MUMBAI, Jan. 24, 2008 (Thomson Financial delivered by Newstex) -- The United Forum of Bank Unions (UFBU) -- an umbrella organisation of nine trade unions comprising bank officers and employees in India -- has called for a one-day strike tomorrow to oppose the merger of state-owned banks and pursue early revision of wages, among other demands. Vishwas Utagi, central committee member of the All India Banks Employees Association -- in turn a member of the UFBU -- told Thomson Financial News that around 1 mln bank employees in 27 public sector, 18 private sector and 19 foreign banks will participate in the strike. He added that among the striking employees will be bankers from HSBC, Standard Chartered, Citi (NYSE:C) Bank, BNP Paribas (OOTC:BPRBF) and ABN Amro. (NYSE:ABN) Terming the strike 'uncalled for', the Indian Banks' Association (IBA) -- an apex organisation representing 150 banks in India -- said mergers are a prerogative of individual bank management and the IBA will soon begin wage negotiations on receipt of the necessary mandate from banks. In view of the strike, India's National Stock Exchange and the Bombay (OOTC:BBAO) Stock Exchange have declared a holiday for clearing and settlement in both the cash and derivatives segments, although trading will continue as usual. It is estimated the strike will likely impact equities, call money, forex and treasury operations, apart from halting the clearing operations of 16,000 bank branches across the country, Utagi said.