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					                                  NEWS ARCHIVE
                           News stories previously posted on NorCalWTC website


CRUDE OIL TUMBLES FOR AN EIGHTH DAY AS DOLLAR STRENGTHENS - Crude oil
tumbled for an eighth day, the longest stretch in six years, as the dollar rose against the euro, curbing
investor appetite for commodities. Oil fell to a two-month low after the greenback advanced on
speculation the Federal Reserve will increase borrowing costs next year because of an improving
economy. Prices have dropped 11 percent in eight days on the dollar’s strength and rising U.S. fuel
inventories. Bloomberg – 12/11/09

FROM CARS TO COMPUTERS, CHINA PIPS US AS BIGGEST MARKET - For the first time,
Chinese will buy more cars this year than Americans. Demand is so high that drivers put their names on
long waiting lists for the most popular models. Economic Times – 12/11/09

BRAZIL TO PITCH CLEAN CANE FUEL TO SCHWARZENEGGER AT UN TALKS -
Brazil’s ethanol makers are looking for a high-profile ally at the climate talks in Copenhagen to promote
the use of biofuel made from sugar cane: California Governor Arnold Schwarzenegger. Bloomberg –
12/11/09

CUBAN DISSIDENTS MARK RIGHTS DAY WITH PROTESTS - Hundreds of government
supporters drowned out two small opposition protests in Cuba 's capital on Thursday, chanting and
jeering at the dissidents as they marched to mark International Human Rights Day. Reuters – 12/10/09

RECESSION ELSEWHERE, BUT IT’S BOOMING IN CHINA — For the first time, Chinese will
buy more cars this year than Americans. Demand is so high that drivers put their names on long waiting
lists for the most popular models. New York Times – 12/10/09

ACCEPTING PEACE PRIZE, OBAMA EVOKES ‘JUST WAR’ — As he accepted the Nobel
Peace Prize on Thursday, President Obama defended the necessity of some wars, aligned his decision to
escalate the combat in Afghanistan with the rationale for other conflicts where the United States has led
the fight against oppression and appealed for greater international efforts to achieve peace. New York
Times – 12/10/09

NIKKEI GAINS 1 PCT AS EXPORTERS RISE - Japan 's Nikkei average rose 1 percent on Friday,
with exporters such as Sony Corp regaining ground after improving trends in the U.S. job market and a
decline in the October trade deficit lifted Wall Street. Reuters – 12/10/09

SENATE PANEL SENDS DRAFT RAIL BILL TO INDUSTRY - Long-awaited measure to
overhaul rail regulation may be introduced next week. Railroads and their customers are getting their
first look at a long-awaited bill that would overhaul federal regulations governing shippers’ access to
competitive service and how their disputes over freight rates would be handled. Journal of Commerce –
12/10/09
ASIA STOCKS ADVANCE ON U.S. JOBS, TRADE REPORTS; NOMURA CLIMBS - Asian
stocks rose, paring a weekly decline, as a drop in U.S. joblessness claims and the country’s narrower-than-
estimated trade deficit boosted confidence that an economic expansion is gathering pace. Bloomberg –
12/10/09

IN INDIA, ANXIETY OVER THE SLOW PACE OF INNOVATION - Even as the rest of the
world has come to admire, envy and fear India’s outsourcing business and its technological prowess, many
Indians are disappointed that the country has not quickly moved up to more ambitious and lucrative work
from answering phones or writing software. New York Times – 12/9/09

TANKAN MAY SHOW JAPAN RECOVERY IS ‘SLIPPING INTO A STANDSTILL’ - The
Bank of Japan’s Tankan business confidence index may rise the least since the economy emerged from its
worst postwar recession as companies become more concerned the yen’s gains will erode profits.
Bloomberg – 12/10/09

CHINA RACES TO INVEST IN GREEN ENERGY - Regardless of the outcome of this month's
climate talks in Copenhagen , China is sprinting ahead in an effort to develop renewable energy sources -
especially solar and wind power - to ease its reliance on carbon-rich coal. China 's need to sustain strong
economic growth means its reliance on fossil fuels will continue to grow, as will its position as the world's
biggest emitter of carbon, analysts say. But it is also investing heavily in windmills, solar panels and
hydroelectric power, having doubled its wind generating capacity every year since 2005. Washington
Times – 12/10/09

CARGO TRAFFIC JUMPS AT BAA - U.K. airport operator reports second straight monthly gain.
BAA said cargo traffic at its seven U.K. airports rose 6.2 percent in November from a year earlier, the
second successive monthly rise that ended a 14-month run of declines. The November increase marked a
significant improvement over the 1.5 percent year-to-year growth in October, the first gain since August
2008. Journal of Commerce – 12/10/09

CHINESE EXPORTS MAY REBOUND, SPURRING DEUTSCHE BANK BET ON YUAN -
China is likely to report its first gain in overseas shipments in 13 months, beginning a rebound that may
encourage the world’s second-biggest exporting nation to let the yuan strengthen next year. Bloomberg
– 12/9/09

CLIMATE DEAL LIKELY TO BEAR BIG PRICE TAG - If negotiators reach an accord at the
climate talks in Copenhagen it will entail profound shifts in energy production, dislocations in how and
where people live, sweeping changes in agriculture and forestry and the creation of complex new markets
in global warming pollution credits. New York Times – 12/9/09

U.S. TRYING TO WEAN FARMERS FROM OPIUM - Opium is king in Afghanistan , and nowhere
more so than in volatile Helmand province, where the government is attempting to wean farmers away
from winter poppy cultivation by making wheat an attractive alternative crop. Washington Times –
12/10/09

POOR: LEAKED CLIMATE TEXT SHOWS WEST IMPERIALISM - The rift over a leaked draft
climate agreement widened Wednesday with an astonishing attack on the West by one of the poor
nations' leading climate negotiators. CNN – 12/9/09

DOLLAR FALLS VERSUS EURO, ENDING THREE-DAY ADVANCE - The dollar fell against
the euro on Wednesday, snapping a three-day advance, after investors decided Tuesday's greenback rally
on Greece's credit rating downgrade, was too far, too fast. Reuters – 12/9/09

VOLKSWAGEN TO BUY 20% STAKE IN SUZUKI MOTOR - Germany 's Volkswagen (VW) is
to buy a 20% stake in Japan 's Suzuki Motor for 222.5bn yen ($2.5bn; £1.5bn). BBC – 12/9/09
ISRAELI BOND YIELDS CLIMB AS GREECE WOES CRIMP RISK APPETITE - Israeli
government bonds fell for a sixth day, pushing yields to their highest in almost two months, as concern
over a possible default in Greece lowered investors’ risk appetite on bets the global recovery may be
faltering. Bloomberg – 12/9/09

CALIFORNIA GREEN JOBS: SMALL BUT GROWING - Green jobs in California are growing at a
faster pace than jobs overall in the environmentally friendly state, but they still account for only a tiny
fraction of the economy, a study said on Tuesday. Reuters – 12/9/09

GLOBAL AIR CARGO DECLINE BOTTOMS OUT - The decline in international air cargo traffic
slowed significantly in October with volume just 0.5 percent below a year ago, the International Air
Transport Association said. Journal of Commerce – 12/9/09

IVORIAN COCOA COMMITTEE WANTS INDUSTRY RUN BY STATE - A government
committee set up to reorganize the cocoa business in Ivory Coast, the world’s biggest producer of the
chocolate ingredient, recommended that private companies have a reduced role in the industry, said an
official with knowledge of the proposals. Bloomberg – 12/8/09
Exxon commits to Papua New Guinea - ExxonMobil and its partners have agreed to press ahead
with a $15bn liquefied natural gas project in Papua New Guinea that would represent the largest foreign
investment in the country to date. Financial Times – 12/8/09

JAPAN AGREES $81BN STIMULUS PACKAGE - Japan has agreed a 7.2 trillion yen ($81bn;
£48bn) stimulus plan designed to prevent the country's economy from slipping back into recession. BBC
News – 12/8/09

EUROPEAN STOCKS DROP; NATIONAL BANK OF GREECE, RBS, TESCO FALL -
European stocks declined for a second day as German industrial output unexpectedly dropped and Fitch
Ratings downgraded Greece , increasing concern over the level of government deficits. Bloomberg –
12/8/09

OBAMA PROPOSES TAX CUTS FOR SMALL BUSINESSES - President Barack Obama
proposed on Tuesday small business tax cuts, fresh infrastructure spending and energy efficiency rebates
to boost jobs, but there were few details on the scale or cost of the measures. Reuters – 12/8/09

FIRST SOLAR INKS DEAL FOR HUGE SOLAR PLANT - First Solar and Enbridge are expanding
the existing Sarnia Solar Project from 20 megawatts of capacity to 80 megawatts. The expansion is
projected to cost CND $300 million and be completed in the second half of 2010. The Street.com –
12/8/09

2009 SET TO BE FIFTH WARMEST YEAR ON RECORD - This year is likely to be the fifth
warmest on record and the first decade of this century the hottest since records began, the World
Meteorological Organization said on Tuesday. Reuters – 12/8/09

EVERGREEN HIKES U.S. EXPORT RATES INCREASES WILL HIT OUTBOUND
SHIPMENTS IN DECEMBER AND JANUARY - Evergreen Line said Friday it will increase rates in
December and January on cargo on outbound containers from North America to Europe, Asia,
Australasia and the Middle East . The Taiwanese carrier will implement a general rate increase on Dec. 1
on all outbound dry cargo, including exempt commodities, from Los Angeles to destinations in Asia,
Australia and the Middle East of $80 per 20-foot container, and $100 per 40-foot container, 40-foot high-
cube containers and 45-foot high-cube container. The Journal of Commerce – 12/09

US VOWS DOHA 'END GAME', SEEK MORE FROM DEVELOPING NATIONS - The United
States said on Monday it was prepared to move into the final stage of talks to seal a global trade deal but
called on developing economies to speed up the opening of their expanding markets. The Economic
Times – 12/09

EU CONSTITUTION COMES INTO FORCE - European Union welcomes new constitution with
ceremony in Lisbon , where the text was first signed; new constitution lays out series of fundamental
changes within the EU, including creating the bloc's first permanent president. Voice of America News
– 12/09

NORTH KOREA SHARPLY REVALUES ITS CURRENCY - North Korea has revalued its
currency by a factor of 100, causing chaos on the streets of Pyongyang . The Telegraph – 12/09

SOUTH AFRICA TO EXTEND HIV TREATMENT TO CURB DEATHS - South African
President Jacob Zuma, in a shift from the policy of former leader Thabo Mbeki, said the government will
extend the provision of drugs to fight the HIV virus that causes AIDS to babies, pregnant women and
tuberculosis patients. Bloomberg – 12/09

SENATE OPENS WORK ON HEALTHCARE BILL - The U.S. Senate began work on a sweeping
healthcare overhaul on Monday, with senators on both sides pouncing on findings in a nonpartisan budget
report on insurance premiums to bolster their arguments. Reuters – 12/09

CANADIANS ‘OPTIMISTIC’ ECONOMY WILL IMPROVE IN 2010 - A majority of Canadians
expect the country’s economy to improve in the next year, according to a new monthly consumer
confidence survey by Royal Bank of Canada . Bloomberg – 12/09

MANUFACTURING GROWTH SLOWS IN NOVEMBER - Growth in US manufacturing sector
slowed in November as a closely watched report on factory activity slipped back 2.1 percentage
points, the Institute for Supply Management reported Tuesday. The Journal of Commerce – 12/09

SOUTH KOREA EXPORTS RISE FOR FIRST TIME IN 13 MONTHS - South Korea's exports
posted their first year-on-year gain in 13 months in November, a further sign the country has overcome
the worst of the global economic meltdown. Exports increased 18.8 percent to $34.3 billion in
November from a year earlier, the government said in a statement Tuesday. Imports rose 4.7 percent to
$30.2 billion. SacBee – 12/09

EUROPEANS COULD SAVE PLANET FOR $3 A DAY: STUDY - Europeans could help cut
climate warming emissions to much safer levels for just 2 euros ($3) each per day, but they would also
have to cut back on driving and meat eating, a report said Tuesday. Reuters – 12/09

DAIMLER WORKERS PROTEST PLAN TO SHIFT C-CLASS TO ALABAMA PLANT -
Workers at Daimler AG’s largest Mercedes-Benz factory rallied today in an effort to sway management
from shifting production of the C-Class model to a plant in Tuscaloosa , Alabama . Unions at the
Sindelfingen , Germany , factory near Stuttgart plan to continue demonstrations tomorrow during all
three shifts, the automaker’s worker representatives said today. Bloomberg – 11/30/09

CALIF. UNEMPLOYMENT HITS 12.5 PERCENT - California 's unemployment rate rose to 12.5
percent in October to set another modern record. KCRA3.com – 11/30/09

OBAMA UPS PRESSURE ON BANKS TO HELP HOMEOWNERS - Loan services must detail
plans to assist borrowers long-term. Laggards could face penalties and sanctions. CNN Money –
11/30/09

EARLY HOLIDAY SALES DISAPPOINT INVESTORS - Investors took a dim view of early holiday
season sales on Monday, with shares of Best Buy, Amazon and American Eagle Outfitters among the few
positive performers on hopes they were gaining a larger share of consumer spending.             Reuters –
11/30/09

DUBAI SHARES PLUMMET 7% - Market tumbles amid ongoing concerns about the emirate's credit
problems. Asian shares recover while Europe sinks. CNN Money – 11/30/09

DAIMLER WORKERS PROTEST PLAN TO SHIFT C-CLASS TO ALABAMA PLANT -
Workers at Daimler AG’s largest Mercedes-Benz factory rallied today in an effort to sway management
from shifting production of the C-Class model to a plant in Tuscaloosa , Alabama . Bloomberg –
11/30/09

EU MINISTERS TO SEEK DEAL ON MARKET REGULATORS - European Union finance
ministers on Wednesday will try to reach an agreement on a new regulatory framework for the bloc's
financial markets, but could face resistance from the U.K. Wall Street Journal – 11/30/09

SOMALI PIRATES CAPTURE HUGE TANKER TAKING OIL TO US - Somali pirates have
captured a tanker carrying oil to the US , officials say. The Greek-owned Maran Centaurus was about
1,300km (800 miles) off Somalia when it was hijacked on Sunday, said the EU Naval task force (Navfor).
Pirate attacks have been common off the Somali coast and international navies have been deployed to
counter them. BBC – 11/30/09

CRUDE OIL RISES AS U.S. BUSINESS ACTIVITY GAINS A SECOND MONTH - Crude oil
rose after a report showed that U.S. business activity gained for a second month, bolstering optimism that
the economic recovery in the world’s biggest energy-consuming country will accelerate. Bloomberg –
11/30/09

UP'S DONNER PASS LINE READY FOR DOUBLE-STACKED FREIGHT - After modifying 15
tunnels, including historic snowsheds near Truckee, Union Pacific Railroad has begun hauling double-
stacked freight cars over Donner Pass. The yearlong construction project, which cost nearly $30 million,
opens up the shorter, faster and more efficient Donner route to taller stacked freight trains, said Tom
Lange, the company's director of corporate communications. SacBee - 11/28/09

CLIMATE 'IS A MAJOR CAUSE' OF CONFLICT IN AFRICA - Climate has been a major driver
of armed conflict in Africa , research shows - and future warming is likely to increase the number of
deaths from war. BBC – 11/24/09

BANK OF ENGLAND REVEALS £61.1BN SPENT PROPPING UP RBS AND HBOS - The
Bank of England today revealed for the first time that it spent £61.6bn propping up RBS and HBOS in the
height of the global financial crisis last autumn. The Guardian – 11/24/09

SWEDISH BUYER DROPS DEAL TO BUY SAAB - The European operations of General Motors
were thrown further into confusion Tuesday when the automaker said the sale of its Saab Automobile
subsidiary in Sweden had fallen through. The New York Times – 11/24/09

TINY "CARBON NEUTRAL" CLUB STRUGGLES WITH COSTS - Norway, Costa Rica and the
Maldives are struggling with high costs and technological hurdles to stay in the world's most exclusive club
for fighting climate change -- seeking to cut net greenhouse gas emissions to zero. Reuters – 11/24/09

GERMAN BUSINESS CONFIDENCE RISES MORE THAN FORECAST - German business
confidence increased more than economists forecast to a 15-month high in November, suggesting the
economic recovery may gather pace next year. Bloomberg – 11/24/09
COPENHAGEN CLIMATE SUMMIT : 60 WORLD LEADERS TO ATTEND - Hopes for the
Copenhagen climate summit in December have been boosted after it emerged more than 60 presidents
and prime ministers planned to attend. BBC – 11/23/09

TAIWAN EXPORT ORDERS RISE FOR FIRST TIME IN 13 MONTHS - Taiwan ’s export
orders climbed in October for the first time in 13 months as stronger demand for electronics goods spurs
the island’s economic recovery. Orders, an indication of shipments in the next one to three months, rose
4.41 percent from a year earlier, after a 3 percent drop in September, the Ministry of Economic Affairs
said in Taipei today. Bloomberg – 11/23/09

EAST AFRICAN NATIONS AGREE TO COMMON MARKET TRADE DEAL - The presidents
of Kenya , Tanzania , Rwanda , Uganda and Burundi have agreed to the free movement of people and
goods across the region. BBC – 11/20/09

TEXAS PENSION TO INVEST $200 MILLION IN ASIA FUNDS - Teacher Retirement System
of Texas, the seventh-largest U.S. public pension fund, will invest $200 million in private equity in Asia ,
whose economies are leading the world out of a recession. Bloomberg – 11/23/09

THE RECESSION ISN ' T THE ONLY BURDEN THAT GERMANY NEEDS TO GET RID
OF - So it ' s agreed: Germany has emerged from recession, although barely. Growth of 0.4% and 0.7% in
the second and third quarters and a drop in the unemployment rate from to 7.7% in October from 8%
the previous month hardly warrant popping the champagne corks or constitute a new German Economic
Miracle. Important as it is, the news that the recession is over—the government ' s economic advisers are
predicting growth at an annual rate of 1.6% in 2010 after this year ' s 5% contraction—might be the least
important development in the German economy in recent months. Wall Street Journal – 11/23/09

LOOKING AHEAD, BRAZIL ' S FARMERS TAKE UP REFORESTATION - Demand for '
greener ' products changes growers ' tactics. For nearly 20 years, Luiz Alberto Bortolini cleared trees and
planted soybeans as fast as he could, one of many pioneers who turned this barren outpost into
prosperous farmland. The Washington Post – 11/23/09

SOUTH AFRICAN ECONOMY REBOUNDS AS WORLD CUP NEARS - South Africa ’s
spending to host the 2010 FIFA World Cup, the world’s most-watched sporting event, and a rebound in
manufacturing may have pulled the economy out of its first recession in 17 years in the third quarter.
Bloomberg – 11/23/09

RUSSIAN LEADER EXPRESSES SUPPORT FOR NONPROFITS — President Dmitri A.
Medvedev called Monday for tax incentives and other measures to assist Russia’s beleaguered nonprofit
groups, which have come under government pressure in recent years. The New York Times –
11/23/09

DOLLAR, YEN FALL AS U.S. HOUSING GAIN SPURS DEMAND FOR RISK - The dollar and
yen dropped against all of the other major currencies as sales of existing U.S. homes rose to the highest
level since February 2007, increasing demand for higher-yielding assets. Bloomberg – 11/23/09

GM TO PRESENT PLAN TO FIX OPEL THIS WEEK - General Motors will present a plan to
European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros
($4.9 billion), those involved in talks said on Monday. International Business Times – 11/23/09

RUSSIAN CENTRAL BANK INCREASES GOLD HOLDINGS BY 2.6% - Bank Rossii, Russia ’s
central bank, increased its gold holdings by 2.6 percent last month as nations seek to boost reserves of
the precious metal. Bloomberg – 11/23/09
CATERPILLAR BEATING KOMATSU AS DOW SOARS ON DOLLAR - The largest
corporations are winning now because they get more sales abroad, where growth in nations from Brazil
to China exceeds the pace in the world’s biggest economy. The dollar’s drop helps Peoria, Illinois-based
Caterpillar Inc., Ford Motor Co. and McDonald’s Corp. by boosting the value of revenue when foreign
earnings are brought back to the U.S. Bloomberg – 11/23/09

COSCO HIKES RATES IN TWO LANES - COSCO Container Lines announced two rate hikes last
week. For shipments from the Far East to South America East Coast, rates will go up on Dec. 1. For
shipments from North West Europe and Mediterranean (including Israel, Lebanon, Syria, North Africa,
Black Sea Region) to South China (including Guangdong, Guangxi, Yunnan, Hainan Provinces), rates will go
up on Jan. 1. The Journal of Commerce – 11/23/09

U.S. ECONOMY: EXISTING HOME SALES JUMP 10% AS PRICES DECLINE - Sales of
existing U.S. homes jumped 10 percent in October to the highest level since February 2007 as Americans
rushed to take advantage of a tax credit, cheaper properties and lower mortgage rates. Bloomberg –
11/23/09

RETAILERS BACK TRADE PREFERENCE EXTENSIONS BILL TO REAUTHORIZE
GENERAL PREFERENCES, ALSO EXPANDS BENEFITS FOR AFRICA - Trade groups
representing the nation’s retailers are lending their support to legislation that will extend key trade
preference programs that were due to expire on Dec. 31. Rep. Jim McDermott, D-Wash., the sponsor
of New Partnership for Trade Development Act, introduced the bill in the House on Wednesday. The
legislation would reauthorize the General System of Preferences for 10 years. The Journal of
Commerce – 11/20/09
KOREA SAYS NO TO US TRADE TALKS - South Korean officials have dampened speculation that
the country is willing to re-negotiate a free trade agreement with the US . BBC – 11/20/09

EURO TO REMAIN HIGH VERSUS WEAK DOLLAR, YUAN - European Union politicians and
central bankers are confronting the euro ' s excessive value with verbal interventions, but the single
currency is poised high against a weak U.S. dollar and an undervalued Chinese yuan. Wall Street
Journal – 11/17/09

CHINA QUESTIONS COSTS OF U.S. HEALTHCARE REFORM - Guess what? It turns out the
Chinese are kind of curious about how President Barack Obama’s healthcare reform plans would impact
America ’s huge fiscal deficit. Government officials are using his Asian trip as an opportunity to ask the
White House questions. Detailed questions. Reuters – 11/17/09

KUWAITI FIRM ACCUSED OF ' MASSIVE OVERCHARGING ' OF U.S. ON MILITARY
FOOD - The alleged fraud by Public Warehousing Co., also known as Agility, may have cost the U.S.
government more than $1 billion. No employees or officers of the company have been arrested. LA
Times – 11/17/09

U.S. WHOLESALE PRICES SHOW FEW INFLATION PRESSURES - Wholesale prices in the
United States increased only slightly in October, the Labor Department said Tuesday, easing concerns
that inflation might soon emerge as a threat to the economic recovery in a period of extraordinarily low
interest rates. New York Times – 11/17/09

USC ENROLLS HIGHEST NUMBER OF FOREIGN STUDENTS OF ANY U.S.
UNIVERSITY - The campus, which recruits heavily in Asia , had 7,482 international students in the
2008-09 school year. UCLA was eighth, with 5,590. For the eighth consecutive year, USC enrolled the
highest number of foreign students of any U.S. university last year, a new report shows. LA Times –
11/17/09
FED SHOULDN’T BE ‘PARALYZED’ BY ECONOMY, LACKER SAYS - Federal Reserve Bank
of Richmond President Jeffrey Lacker said central bank officials can’t be ―paralyzed‖ by weak parts of the
economy that may keep them from raising interest rates to contain inflation. Bloomberg – 11/17/09

MORE HOUSEHOLDS REQUEST FOOD AID - According to the USDA ' s annual poll, 17 million
U.S. households reported some degree of food insecurity in 2008, up from 13 million households in 2007.
Wall Street Journal – 11/17/09

MAURITIUS BUYS IMF GOLD, FOLLOWS INDIA AS METAL SOARS - Mauritius bought 2
metric tons of gold from the International Monetary Fund, underscoring a drive by central banks to boost
holdings as the precious metal trades near a record and the dollar slumps. Bloomberg – 11/17/09

CHINA ’S STOCKS CLIMB MOST IN FIVE WEEKS - China ’s stocks rose the most in five weeks,
led by raw materials companies and makers of consumer products, after commodity prices rallied and a
government spokesman said he expects retail sales to accelerate. Bloomberg – 11/16/09

UN: CLIMATE CHANGE DEAL KEY TO FIGHTING HUNGER - The United Nations has
opened its World Food Summit in Rome , saying a deal on climate change is crucial to fight global hunger.
About 60 heads of state or government are attending the three-day meeting at the Food and Agriculture
Organization. VOA News – 11/16/09

COPENHAGEN DEAL TO HELP BOOST CLIMATE FUND FLOWS - Agreement in
Copenhagen next month on a new pact to fight climate change will encourage long-term investors to
move into firms better placed to cope with a likely and eventual rise in the cost of carbon emissions.
Reuters – 11/16/09

OBAMA SAYS U.S.-CHINA TRADE SPURS PROSPERITY FOR BOTH - President Barack
Obama said a deeper relationship between the U.S. and China is critical to the economic prosperity of
both countries and essential to confronting global issues such as climate change. The U.S. president,
addressing students at a forum in Shanghai , also brought up the issue of human rights, saying political and
religious freedoms should be ―universal‖ and available to all people and groups ―whether they are in the
United States , China or any other nation.‖ Bloomberg – 11/16/09

SOCIAL DEMOCRATS IN GERMANY STRIVE TO REBOUND FROM ELECTION
PUMMELING - Seeking to redefine itself and recapture leftist voters after its worst-ever showing in
federal elections, the Social Democratic Party elected a new leadership and adopted a highly populist
measure over the weekend. New York Times – 11/16/09

INDIA PUTS NUCLEAR PLANTS ON ALERT-REPORT - India has put its nuclear power plants
under alert and tightened security around them after intelligence about possible attacks, a report said on
Monday. Reuters – 11/16/09

GM TO START LOAN REPAYMENTS EARLY - US carmaker General Motors (GM) has said it will
start paying back its government loans earlier than expected. BBC – 11/16/09

CANADA HOPES TO CONCLUDE INDIA NUCLEAR ACCORD SOON - Canada , the
world’s largest producer of uranium in 2008, expects to reach agreement soon on nuclear cooperation
with India as it seeks to increase trade with the South Asian nation. ―It is my sincere hope our
governments will soon conclude a civilian nuclear agreement which will enable development of nuclear
power for civil use,‖ Canadian Prime Minister Stephen Harper said in a speech in Mumbai today.
Bloomberg – 11/16/09

WORLD URGENTLY WATCHING US-CHINA TALK, OBAMA SAYS - President Barack
Obama declared Monday the world is urgently watching for a "meeting of the minds" between the U.S.
and China as he meets with President Hu Jintao on the globe's biggest issues - climate change, economic
recession, nuclear proliferation and more. Associated Press – 11/16/09

BERNANKE SIGNALS SUPPORT FOR LETTING U.S. SHRINK RISKY FIRMS - Federal
Reserve Chairman Ben S. Bernanke said regulators should have power to shrink a bank that poses a risk
to markets, signaling support for proposals in Congress that let the U.S. cut the size of financial
companies. Bloomberg – 11/16/09

EUROPE’S ECONOMY EMERGES FROM RECESSION ON EXPORTS - The euro-area
economy emerged from its worst recession since World War II in the third quarter as exports from
Germany and France helped compensate for households’ reluctance to increase spending. Bloomberg –
11/13/09

MEDVEDEV CALLS FOR ECONOMIC CHANGES - Russian President Dmitry Medvedev called
on his country Thursday to shed its "humiliating" dependence on exports of oil and other raw materials
and to adopt a more pragmatic foreign policy aimed at attracting investment and promoting growth.
Washington Post – 11/13/09

IN WISCONSIN , LOOKING EAST TO CHINESE BUYERS - In a cavernous warehouse amid
rolling hills and dairy farms, a group of farmers recently gathered around a buyer in a conversation
heralding a sea change in the United States . Washington Post – 11/13/09

AFGHAN ENCLAVE SEEN AS MODEL FOR DEVELOPMENT - Small grants given directly to
villagers have brought about modest but important changes in this corner of Afghanistan, offering a model
in a country where official corruption and a Taliban insurgency have frustrated many large-scale
development efforts. New York Times – 11/13/09

CHAVEZ SAYS U.S., COLOMBIA HAVE MADE ‘PACT FOR WAR’ - Venezuelan President
Hugo Chavez said the U.S. and Colombian governments have made a ―pact for war‖ with a deal to allow
American troops to use facilities at seven military bases. Bloomberg – 11/13/09

OBAMA SEEKS TO EASE U.S.-JAPAN STRAINS AT START OF ASIA TRIP - Tokyo ' s
standing in the alliance and the issue of U.S. forces in Okinawa are addressed. Obama sidesteps the A-
bomb question, while Prime Minister Yukio Hatoyama says they ' re on a first-name basis. LA Times –
11/13/09

PALESTINIAN OFFICIALS PUSH FOR DELAY IN ELECTIONS - Palestinian presidential and
parliamentary elections cannot be held on their scheduled date in January, Palestinian Authority election
officials said Thursday. The announcement removed some of the immediate uncertainty surrounding the
future of the current president, Mahmoud Abbas, who said recently that he would not run for a second
term. New York Times – 11/13/09

DATA SHOW RECESSION IS OVER IN EUROPE - Buoyed by strengthening rebounds in
Germany and France, the 16-nation euro zone has officially climbed out of its worst recession since
World War II, fueling hopes that a lasting global recovery is beginning to take shape. Washington Post
– 11/13/09

RUSSIAN PRESIDENT SAYS MODERNIZATION IS NEEDED - President Dmitri A. Medvedev
issued a sweeping call on Thursday for Russia to modernize its economy, wean itself from a humiliating
dependence on natural resources and do away with Soviet-style attitudes that he said were hindering its
effort to remain a world power. New York Times – 11/13/09
OBAMA TO WARN ASIA AGAINST RELYING ON U.S. CONSUMERS - President Barack
Obama has come halfway around the world to personally deliver the message to East Asia that the global
economy can no longer count on the U.S. consumer to keep it afloat. Wall Street Journal – 11/13/09

BRAZIL ' S FRAYED WIRES FINALLY SHORT OUT - Experts say the power outage that
affected tens of millions was inevitable given the aging infrastructure. The power outage in Brazil that left
as many as 60 million people in darkness was the inevitable result of the country ' s failure to invest in
infrastructure to keep pace with its economic and population growth, experts said Wednesday. LA
Times – 11/13/09

CHINA DATA SHOW ECONOMIC REBOUND PICKING UP STEAM - Strong data from
China released Wednesday, especially in factory output and retail sales, underscored the speed of the
giant economy’s rebound, thanks to extensive government stimulus measures that have put the economy
on track to grow more than 8 percent in 2009. New York Times – 11/11/09

RENAULT TARGETS U.S. ELECTRIC-CAR PARTNER FOR FRANCE - Renault SA plans to
bring in U.S. partner Better Place to run its future electric-car charging network in its home market of
France, Chief Operating Officer Patrick Pelata said. – Bloomberg – 11/11/09

U.S. REMAINS COMMITTED TO TRADE, TOP OFFICIAL SAYS - The U.S. remains committed
to expanding trade in Asia but will insist that China and other countries "play by the rules" as it
contemplates future trade agreements, U.S. Trade Representative Ron Kirk said Tuesday. Speaking in
between meetings at the annual Asia-Pacific Economic Cooperation leaders ' gathering in Singapore, Mr.
Kirk also said that a regional trade deal known as the Trans-Pacific Partnership involving New Zealand,
Singapore and other Pacific Rim countries remains "the most practical way to be engaged" with Asia-
Pacific at a time when China and others are pressing their own free trade deals -- without U.S.
involvement -- across the region. Wall Street Journal – 11/11/09

CUBA ORDERS EXTREME MEASURES TO CUT ENERGY USE - Cuba has ordered all state
enterprises to adopt "extreme measures" to cut energy usage through the end of the year in hopes of
avoiding the dreaded blackouts that plagued the country following the 1991 collapse of its then-top ally,
the Soviet Union. Reuters – 11/11/09

VOLKSWAGEN TARGETS SALES OF 130,000 NEW U.S. SEDANS - Volkswagen AG is
targeting annual sales of as many as 130,000 of the new mid-sized sedan it’s developing for the U.S.
beginning in 2011, when the world’s biggest auto market may rebound from recession. Bloomberg –
11/11/09

DHL, RENAULT, WAL-MART BET ON INDIA TO FILL POTHOLED ROADS - Renault SA,
DHL Worldwide Express and Wal-Mart Stores Inc. plan to expand in India , betting the government will
deliver on a pledge to spend $500 billion by 2014 to fill pot-holed roads and build power plants.
Bloomberg – 11/11/09

MERKEL PLEDGES TO CUT TAXES DESPITE JOB LOSSES - German Chancellor Angela
Merkel reaffirmed her commitment to cutting taxes and warned that Europe ' s biggest economy will feel
the effects of the economic crisis well into next year, in a speech setting out the agenda of her new
center-right alliance. Wall Street Journal – 11/11/09

RUSSIA WARNS OF GAS CRISIS IF UKRAINE MISSES PAYMENT - Russia warned it may halt
gas exports through Ukraine if the bailout-dependent former Soviet state can’t keep up payments in what
is becoming an annual dispute between the two countries. Bloomberg – 11/11/09
FED OFFICIALS SEE CHOPPY RECOVERY FOR U.S. ECONOMY - High unemployment and
reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal
Reserve officials said in a string of speeches across the country on Tuesday. Reuters – 11/10/09

GLOBAL ENERGY COSTS TO SOAR IF NO CARBON DEAL: IEA - The world faces a surge in
energy costs, as well as in planet-warming carbon emissions, unless it can swiftly agree a climate change
deal, the International Energy Agency said on Tuesday. Reuters – 11/10/09

SOUTH KOREA JOINS CARBON LABEL SCHEME - South Korea has become the latest nation
to adopt an international standard on carbon labeling. BBC – 11/10/09

THE FIGHT OVER THE FUTURE OF FOOD - Italian farmer Giuseppe Oglio eschews fertilizer and
pesticides; American corporate giant Monsanto rewrites the genetic code of plants. Which of these
radically different agricultural approaches will best feed the world? Reuters - 11/10/09

ETHIOPIA LEASES LAND FOR AGRICULTURE TO EARN FOREIGN EXCHANGE -
Ethiopia plans to lease 3 million hectares (7.4 million acres) of land to foreign and domestic investors for
agriculture over the next three years to increase productivity and earn foreign exchange, the government
said. Bloomberg – 11/10/09

GLORIOUS VISION IN KENYA ' S SKY MELTS AWAY - From a tree-shaded plateau facing Mt.
Kenya , the worshipers gaze anxiously at its melting ice cap and wonder: Is God dead? For 7 million
Kenyans who rely on the runoff of Africa ' s second-highest peak to survive, evaporating springs and dry
riverbeds are making life harder. In the Kenyan capital, Nairobi , reduced melts have contributed to rolling
blackouts when rivers fed by the mountain are unable to run hydroelectric plants. LA Times –
11/10/09

ENVOY: EUROPE RELIES ON U.S. SHIELD - NATO members ' reluctance to assume a larger role
in Afghanistan is partly the legacy of U.S. military protection, which allowed Europeans to stress social
programs over defense for decades, the Greek ambassador to the United States said. Washington
Times - 11/10/09

CHINA TO RAISE FUEL PRICES 8%; RESUME AIR SURCHARGES - China, the world’s
second-largest energy user, will raise gasoline, diesel and jet fuel prices by as much as 8 percent
tomorrow, the first increase in more than two months, as crude costs and demand climbed. Bloomberg
- 11/10/09

DODD PROPOSES BOLD FINANCIAL OVERHAUL - The chairman of the U.S. Senate Banking
Committee introduced a financial regulation reform bill on Tuesday that leaps beyond earlier proposals,
calling for new government agencies on financial stability, bank supervision and financial consumer
protection. Reuters - 11/10/09

GERMANY TO CUT DEFICIT BY 2013; FRANCE ASKS FOR TIME - German Finance Minister
Wolfgang Schaeuble said Europe’s biggest economy may cut its budget deficit to the European Union limit
by 2013, while France is asking for an extra year. Bloomberg - 11/10/09

IEA: CLIMATE DEAL WOULD CUT OIL-DEMAND GROWTH - The International Energy
Agency Tuesday said a new global deal to limit carbon emissions, if reached in coming months, could
sharply curtail the growth in oil consumption in the years ahead as alternative energy resources and
efficiency measures are tapped. Wall Street Journal – 11/10/09

GM APPOINTS REILLY AS INTERIM HEAD OF OPEL IN EUROPE - General Motors Co.
appointed international operations chief Nick Reilly to oversee its Adam Opel GmbH division in Europe
on an interim basis as the largest U.S. automaker reorganizes the unprofitable division. Bloomberg -
11/10/09

ANGOLAN OIL OUTPUT TO SURGE OVER NEXT 5 YEARS - Angola ' s oil industry is
booming as money pours in after the end of three decades of civil war, and officials say output could
increase by as much as two-thirds over the next five years. Reuters - 11/9/09

GERMAN EXPORTS UNDERCUT TRICHET’S WEAKER EURO PUSH - A decade after the
euro replaced the deutsche mark, Germany ’s export-driven recovery is undermining European Central
Bank President Jean-Claude Trichet’s efforts to slow the currency’s record rise. Bloomberg - 11/9/09

JUSTICES TO STUDY PATENTS ON BUSINESS METHODS - Microsoft Corp., Bank of
America Corp. and L.L. Bean Inc. are just some of the companies that have flooded the Supreme Court
with advice as it prepares for Monday ' s arguments over one of the biggest questions involving intellectual
property: When can a business method be patented? Wall Street Journal – 11/9/09

G-20 SPLITS ON TOBIN, SAYS BANKS MAY PAY FOR BAILOUTS - Group of 20
governments signaled banks will be forced to cover a greater cost of future bailouts even as they split
over whether that should be achieved by taxing financial trading. Bloomberg - 11/9/09

GENERAL MOTORS ' EXECUTIVES FLY IN TO SETTLE VAUXHALL’S WAY FORWARD
- Senior executives from General Motors will come to London this week to present their detailed
business plan for the future of Vauxhall. Business Times Online – 11/9/09

G-20 SPLITS ON TOBIN, SAYS BANKS MAY PAY FOR BAILOUTS - Group of 20
governments signaled banks will be forced to cover a greater cost of future bailouts even as they split
over whether that should be achieved by taxing financial trading. Bloomberg - 11/9/09

DOW STARTS WEEK WITH 52-WEEK HIGH - In a sharp reversal from action in the past weeks,
the Dow Jones Industrial Average repeatedly set new 52-week highs Monday as investors jumped back
into riskier sectors such as materials and financials while fleeing the safety of the dollar. Market Watch
- 11/9/09

CHINA GIVES AFRICA $10 BILLION, FIGHTS ENERGY CHARGE - China promised $10
billion in cheap loans to Africa, pledged to cut customs duties and distributed a newspaper with photos of
Chinese leaders among beaming Africans, part of an effort to fight claims it is exploiting the continent’s
resources. Bloomberg - 11/9/09

U.S., EU ASK WTO TO PROBE CHINESE RAW-MATERIAL CURBS - The U.S. and the
European Union asked World Trade Organization judges to investigate Chinese export restrictions on
raw materials such as magnesium and zinc, their third joint complaint against the Asian nation.
Bloomberg – 11/5/09

INDONESIA LEADS IN EMITTING CO2 FROM PEAT, GROUP SAYS - Indonesia , the
European Union and Russia released the most carbon dioxide from degraded peatlands last year, adding
greenhouse gases to the atmosphere, the Wetlands International environmental group said. Bloomberg
– 11/4/09

STRAUSS-KAHN SEES G-20 ADOPTING TIMELINE, METHOD ON IMBALANCES -
International Monetary Fund Managing Director Dominique Strauss-Kahn said he expects finance
ministers from Group of 20 nations to adopt a timetable and plan to ensure the next global economic
expansion is more balanced. Officials will probably agree at a meeting this week on details of a framework
for the IMF to analyze the global impact of countries’ individual policies and to propose changes at the
next head of states meeting in June 2010, Strauss-Kahn said in an interview in Washington yesterday.
Bloomberg – 11/4/09

ANGLOGOLD, HARMONY GOLD SURGE ON BULLION’S ADVANCE - South African gold
shares were the biggest gainers in Johannesburg today, surging after the precious metal climbed to a
record in London and New York . Bloomberg – 11/4 09

CHINA ' BOOSTS EAST ASIAN GROWTH ' - The World Bank has upped its 2009 growth
forecast for China from 7.2% to 8.4%, but says the nation needs to encourage more consumer spending.
BBC – 11/4/09

G77 PUSHES RICHEST NATIONS TO SET EMISSIONS GOAL IN BARCELONA - Climate-
treaty negotiations in Barcelona won’t move forward unless the richest nations set a combined target for
themselves to reduce greenhouse gases, an envoy for a group of 130 developing nations and China said.
Bloomberg – 11/4/09

U.S. CLIMATE ENVOY TAKES AIM AT DEVELOPING NATIONS - The top U.S. diplomat on
climate change took aim at developing countries on Wednesday, saying their inaction was not helping
shape a global agreement to be considered in Copenhagen in December. Reuters – 11/4/09

CHEVRON MAY FOREGO ARBITRATION IN VENEZUELA BIDS, MOSHIRI SAYS -
Chevron Corp., the biggest U.S. oil company pumping Venezuelan oil, is willing to work in the South
American country under contracts that ban international arbitration in case of conflict, a company
executive said. Bloomberg – 11/4/09

CUOMO FILES FEDERAL ANTITRUST LAWSUIT AGAINST INTEL - Following the lead of
foreign regulators, New York ’s attorney general, Andrew M. Cuomo, filed a federal antitrust lawsuit
Wednesday against Intel, the world’s largest chip maker. New York Times – 11/4/09

GM BATTLES WORKER, GERMAN RESISTANCE IN OPEL RESCUE - General Motors Co.
must overcome resistance from German workers and politicians as it eliminates jobs to save the Adam
Opel GmbH division from bankruptcy after calling off a planned sale to Magna International Inc.
Bloomberg – 11/4/09

WORLD NEED FOR OIL EXPECTED TO EASE - The International Energy Agency next week will
make a "substantial" downward revision to its long-term forecast for global oil demand. Wall Street
Journal – 11/4/09

TRICHET’S ‘BLACK LIST’ FAILS TO DETER WEBER AS ECB NEARS EXIT - Jean-Claude
Trichet is struggling to control Germany’s Axel Weber and fellow European Central Bank council
members who are flouting communications etiquette as the bank prepares to exit emergency stimulus
measures. Bloomberg – 11/4/09

RAND SURGES ON DEPUTY GOVERNOR COMMENTS, RECORD GOLD PRICE - The
rand rose the most among the world’s currencies as gold climbed to a record and South Africa ’s central
bank said it will refrain from intervening in an effort to manage the currency. Bloomberg – 11/4/09

DISNEY WINS APPROVAL FOR PARK IN CHINA ’S RICHEST CITY - Walt Disney Co. won
government approval to build a theme park in Shanghai , giving the world’s largest media company access
to consumers in mainland China ’s richest city. The agreement to construct Disney’s fourth park outside
the U.S. in the world’s most populous nation ―marks a very significant milestone,‖ Chief Executive Officer
Robert A. Iger said in a statement. Bloomberg – 11/4/09
E.U. LIFTS GROWTH FORECAST FOR 2010 - The European Union said Tuesday that the 27-
nation bloc would be out of recession by the end of the year, and it revised its forecast for economic
growth in 2010 upward. But it also warned that rising unemployment would keep the recovery in check,
and that European banks were not yet completely out of the woods. New York Times - 11/3/09

CASH CRACKDOWN IN NIGERIAN BANKS - Nigeria ’s central bank is trying to stop corruption
in the country where fraud runs rampant. Central bank governor Lamido Sanusi is heading these reforms
and has recently ordered the countries’ bank to report any suspicious cash transactions that include
politicians. He has already replaced the heads of 5 banks as part of the reforms. BBC – 11/3/09

CHINA APPROVES DISNEY THEME PARK IN SHANGHAI - After a courtship of about 20
years, the Walt Disney Company has won approval from the central government of China to build a
Disneyland-style theme park in Shanghai, Robert A. Iger, Disney’s chief executive, said Tuesday. Analysts
estimate the initial park — not including hotels and resort infrastructure — will cost $3.5 billion, making it
one of the largest-ever foreign investments in China . New York Times – 11/3/09

BUFFETT TO BUY BURLINGTON NORTHERN IN HIS BIGGEST DEAL EVER - Warren
Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe
Corp in what the billionaire investor called a bet on the U.S. economy. Reuters – 11/3/09

I.M.F SELLS GOLD TO INDIA - The International Monetary Fund (IMF) sold 200 tons of gold to the
Reserve Bank of India for $6.7 billion. The sale was surprising to some because they thought that China
would be in the forefront to buy the gold. The IMF is planning to sell 403.3 tons of gold total however it is
not sure when and to who. This would be 1/8 of their total gold. New York Times – 11/3/09

IRAQ SIGNS CONTRACT TO DEVELOP OIL FIELD - Iraq formally signed a contract with a
consortium of foreign oil companies Tuesday to develop its largest oil field.A partnership of British
Petroleum and the Chinese National Petroleum Company signed a 20-year deal to develop the Rumalia
field in southern Iraq, which contains about 17.8 billion barrels of oil. New York Times – 11/3/09

SOMALI PORT SHUTS AMID DISPUTE - In Somalia ’s capital of Mogadishu , the main port of the
country has been shut down because of the disputes between the government and the businesses. New
laws require that ships must stay at the port until they are checked by security. Many businesses are
worried about this however because they believe that if they are waiting around, they might be attacked
by militants. BBC – 11/3/09

CANADIAN CURRENCY RISES FROM ONE-MONTH LOW AS GOLD, CRUDE GAIN -
Canada’s dollar advanced from near a one-month low as crude oil, the nation’s biggest export, and gold
climbed. Bloomberg – 11/3/09

NEW AUSTRALIA INTEREST RATE RISE - Australia has raised its main interest rate for the
second month in a row, to 3.5% from 3.25%. BBC – 11/3/09

EUROPEAN STOCKS SLUMP TO LOWEST IN A MONTH - European stocks fell sharply to a
new one-month low on Tuesday, with banks suffering after poor results from UBS and a shake-up of the
UK retail banking sector. Reuters – 11/3/09

NOKIA SIEMENS TO CUT UP TO 9% OF WORKFORCE - Nokia Siemens Networks, the No. 2
maker of wireless network equipment, said Tuesday that it planned to cut 9 percent of its workforce as it
attempted to weather a double-digit sales decline and stiffer competition from Chinese manufacturers.
New York Times – 11/3/09

EU SEES GRADUAL ECONOMIC RECOVERY - Growth in the European economy, which has
stuttered into life in the second half of 2009, faces a "soft patch" early next year as stimulus measures are
withdrawn in the U.S. and other countries and as the region struggles to expand exports, the European
Commission said Tuesday. Wall Street Journal – 11/3/09

CHINA INVESTS IN WEST TEXAS WIND FARM - Late last week, a Chinese-U.S. consortium
announced it was building a 600 megawatt wind farm in Texas costing $1.5 billion. The deal, in which the
Chinese partner is putting up 49% of the cash, stipulates that the wind turbines, about 240 of them, will be
manufactured in China by A-Power Energy Generation Systems, a mainland company located in Shenyang .
American Economic Alert – 11/2/09

LENDER SEES MORE INTEGRATION BETWEEN EASTERN EUROPE AND WESTERN
ECONOMIES - Recent efforts to open markets in Eastern Europe have been stalled because of the
current economic condition. In the end however, increased integration with Western economies will help
Eastern Europe . Because the region was so hard-hit, they have been using multilateral lenders like the
International Monetary Fund and the World Bank. The countries are going to have a lot of work to do to
get back to where they were after the current economic crisis. New York Times – 11/2/09

U.S. ECONOMY: MANUFACTURING EXPANDS FASTER THAN ANTICIPATED -
Manufacturing in the U.S. expanded faster than anticipated in October, easing concern the economic
recovery will be cut short once government aid wanes. Bloomberg – 11/2/09

NORTH KOREA URGES US NUCLEAR TALKS - North Korea has said it is ready for direct talks
with the US on rolling back its nuclear programme but will "go its own way" if Washington refuses. North
Korea ' s foreign ministry said wider talks including North Korea ' s neighbors were possible depending
on any direct negotiations with the US . BBC – 11/2/09

UN ENVOY TO IRAQ INVESTIGATES FOREIGN SUPPORT FOR TERRORISM - A U.N.
special envoy has met with top Iraqi officials to discuss government complaints of outside involvement in
the recent wave of terrorism. Official figures, just released, show the number of terror casualties doubled
for the month of October. Voice of America News – 11/2/09

IRAQ SIGNS NEW OVERSEAS OIL DEAL - Iraq ' s oil ministry has signed an initial agreement with
a consortium led by the Italian firm, ENI, to develop the Zubair oilfield in southern Iraq . The deal, which
needs cabinet approval, calls for the group to extract 200,000 barrels of oil a day, rising to 1.1 million a
day within seven years. BBC – 11/2/09

RISKS AND REWARDS ON CHINA’S NEW STOCK BOARD - The opening of a Nasdaq-style
stock board in China is already being seen as a watershed moment for the country’s capital markets,
providing new but volatile opportunities for mainland Chinese investors and an alternative source of
financing for start-up companies. New York Times – 11/2/09

MANUFACTURING, PENDING HOME SALES FUEL RECOVERY HOPES - U.S.
manufacturing activity rose to its highest level in 3-1/2 years last month and pending home sales contracts
unexpectedly surged in September, offering hope the budding economic recovery would be sustained.
Reuters – 11/2/09

U.S. URGED TO SET GREENHOUSE CUTS TO HELP U.N. DEAL - The United States should
set a 2020 goal for cutting greenhouse gases to help rescue a U.N. climate deal due next month in
Copenhagen , the United Nations said at a final preparatory meeting Monday. Reuters – 11/2/09

U.S. MANUFACTURING ACTIVITY EXPANDS - The U.S. factory sector saw its best month of
expansion in October since April 2006. Meanwhile, construction spending in the U.S. unexpectedly surged
in September as a rebound in housing and outlays in the public sector offset a decline in commercial
activity. Separately, a forecasting gauge of housing-market activity rose far more than expected in
September as first-time homebuyers rushed to sign contracts in time to collect government tax credits
originally scheduled to expire this month. Wall Street Journal – 11/2/09

FORD REPORTS NEARLY $1 BILLION PROFIT - The company reported a $997 million third-
quarter profit on Nov. 2, adding profits to gains in market share and improvements in quality since CEO
Alan Mulally took over in September 2006. The nearly $1 billion profit is a $1.2 billion turnaround from
the third quarter of last year. The company also generated $1 billion in cash and paid down $2 billion in
debt. Business Week – 11/2/09

BRITISH BANK REGULATOR SLAPS INDUSTRY - Bank of England Governor Mervyn King
lashed out at the banking sector for excessive risk-taking, even as the controversy over bonuses heated
up. Business Week – 11/2/09

RISKS AND REWARDS ON CHINA ' S NEW STOCK BOARD - The opening of a Nasdaq-style
stock board in China is already being seen as a watershed moment for the country’s capital markets,
providing new but volatile opportunities for mainland Chinese investors and an alternative source of
financing for start-up companies. New York Times – 11/2/09

SAHARA SUN ' TO HELP POWER EUROPE - A sustainable energy initiative that will start with a
huge solar project in the Sahara desert has been announced by a consortium of 12 European businesses.
The Desertec Industrial Initiative aims to supply Europe with 15% of its energy needs by 2050. BBC –
11/2/09

TOYOTA, HONDA LEAD INCREASE IN JAPAN’S OCTOBER VEHICLE SALES - Toyota
Motor Corp. and Honda Motor Co., Japan ’s two biggest automakers, led the third straight increase in the
nation’s monthly auto sales as government incentives boosted demand. Sales of cars, trucks and buses,
excluding minicars, rose 13 percent to 263,506 vehicles in October from a year earlier, the Japan
Automobile Dealers Association said in a statement today. Toyota sold 133,877 units, excluding Lexus-
brand cars, up 14 percent. Bloomberg – 11/2/09

NEW YORK ECLIPSES LONDON AS FINANCIAL CENTER IN BLOOMBERG POLL - New
York has withstood the worst economic crisis in seven decades and remains the leading global financial
center, followed by Singapore , which topped London as investors’ preferred place for doing business,
according to Bloomberg Global Poll. Bloomberg – 10/30/09

INTERNET ADDRESSES CAN USE NEW SCRIPTS - By the middle of next year, Internet surfers
will be allowed to use Web addresses written completely in Chinese, Arabic, Korean and other languages
using non-Latin alphabets, the organization overseeing Internet domain names announced Friday in a
decision that could make the Web more accessible. New York Times – 10/30/09

U.S. AND CHINA EASE A RANGE OF TRADE RESTRICTIONS - The U.S. and China agreed
to relax restrictions on agriculture, technology, travel and other trade restrictions ahead of President
Barack Obama ' s first visit to Beijing next month. The two sides made "solid progress" that helps "both of
our countries achieve balanced and sustainable growth," U.S. Trade Representative Ron Kirk said
Thursday at the end of a meeting of the U.S.-China Joint Commission on Commerce and Trade, or JCCT.
Wall Street Journal – 10/30/09

EUROPE’S EAST-WEST SPLIT ON CLIMATE AID DELAYS PLEDGE - European Union
leaders failed to approve climate aid for the developing world as poorer EU nations balked at the costs,
highlighting the hurdles to a new United Nations accord to reduce emissions from fossil fuels.
Bloomberg – 10/30/09

CONSUMER ELECTRONICS MAKERS SHOW STRENGTH - Sony posted its fourth
consecutive quarter of losses Friday, hurt by a strong Japanese yen and sluggish sales. But an aggressive
cost-cutting drive and brightening outlook for the global economy encouraged the maker of PlayStation
game consoles to trim its loss forecast for the year. New York Times – 10/30/09

CHEVRON PROFIT EXCEEDS ESTIMATES ON PRODUCTION GAIN - Chevron Corp., the
second-largest U.S. energy producer, posted a smaller drop in third-quarter profit than analysts estimated
as output climbed the most since the company’s 2005 takeover of Unocal Corp. Bloomberg – 10/30/09

SUN TRADES AT 14% DISCOUNT TO ORACLE BID AMID PROBE - Sun Microsystems Inc. is
trading at 16 percent less than Oracle Corp.’s $9.50-a-share offer price for the company, signaling some
investors are concerned that European regulators may derail the purchase. Bloomberg – 10/30/09

JAPAN AIRLINES SEEKING STATE AID - Japan Airlines (JAL) has confirmed it is to apply for
financial assistance from a newly-formed state-backed turnaround agency. JAL hopes to get the financial
assistance from the Enterprise Turnaround Initiative Corporation (ETIC). JAL had a loss of 99 billion yen
as of April. BBC – 10/29/09

SOMALIS GET FIRST-EVER DEBIT CARD - The first ever debit card has been released in
Somaliland . The firm, Dahabshiil, hopes eventually to roll the system out to all Somali-speaking areas from
Djibouti to Kenya . Any shops and hotels with good credit and internet service can get a card. BBC -
10/28/09

HOME PRICES ROSE IN MOST MAJOR CITIES IN AUGUST - The S&P Case-Shiller indexes
showed prices in 10 major metropolitan areas fell 10.6% in August from a year earlier but rose 1.3% from
July. In 20 major metropolitan areas, home prices dropped 11.3% on the year but were up 1.2% from the
previous month. Wall Street Journal -10/28/09

GE’S IMMELT SAYS U.S. SHOULD ‘DRIVE’ CLIMATE CHANGE SOLUTION - General
Electric Co. Chief Executive Officer Jeffrey Immelt said the U.S. should ―drive the climate change
solution,‖ two months before world leaders meet in Copenhagen to discuss carbon-dioxide cuts.
Bloomberg.com - 10/28/09

INDIA ' S CENTRAL BANK MOVES TOWARD TIGHTER POLICY - India 's central bank took
its first step toward tightening monetary policy, holding interest rates steady but in a surprise move
requiring banks to set aside more bonds as reserves. Wall Street Journal - 10/28/09

FORD SAYS GEELY OF CHINA IS PREFERRED BIDDER FOR VOLVO - The Ford Motor
Company said Wednesday that the preferred bidder for its Swedish carmaking division, Volvo, was a
consortium led by Zhejiang Geely Holdings, a conglomerate that includes the 11th-largest Chinese
automaker. Zhejiang Geely has been trying for years to become a global competitor. New York Times
- 10/28/09

SWINE FLU VACCINATION REGIMEN DIVIDES NATIONS AS WHO WEIGHS IN - A
World Health Organization advisory panel will be asked today to answer a question dividing governments
from the U.S. to Japan : whether one or two doses of swine flu vaccine are needed to fight the pandemic
virus. Bloomberg - 10/28/09

CHEVRON DENIES ROLE IN RECORDING OF JUDGE IN POLLUTION CASE - Chevron
Corp. said it didn’t request or encourage an Ecuadorean contractor, who it later assisted with a stipend
and housing, to meet with a judge presiding over a pollution lawsuit against the company. Energy
Tribune – 10/28/09

NORWAY IS FIRST IN EUROPE TO LIFT INTEREST RATES - Norway on Wednesday became
the first European country to raise interest rates since the onset of the financial crisis, citing a nascent
rebound in the global economy and inflationary pressures in its petroleum-exporting economy. New
York Times – 10/28/09

EAST EUROPE ’S RECOVERY FACES DOWNSIDE RISKS ON CREDIT - The European
Union’s 10 emerging economies may face a weak recovery as credit growth falters and exports and
investment are slow to pick up, the World Bank said. The 10 eastern EU members will probably see their
economies grow about 1 percent next year and 3.6 percent in 2011, after a contraction of 4.2 percent
this year, the World Bank predicts. That compares with growth of 3.9 percent in 2008 and 6 percent in
2007. Bloomberg – 10/28/09

EU APPROVES NORTHERN ROCK SPLIT - The European Union (EU) has approved plans for
nationalized bank Northern Rock to be split in two - paving the way for a partial sale. Northern Rock said
the EU's approval was "an important and positive step". It added that it was "business as usual" for
customers. BBC – 10/28/09

U.S. STOCKS ADVANCE ON IBM BUYBACK, REBOUND IN OIL PRICES - U.S. stocks rose
for the first time in three days after International Business Machines Corp.’s board approved $5 billion in
additional funds for buybacks and a rebound in oil lifted energy shares. Bloomberg - 10/27/09

EMIRATES NBD SEEKS PRIVATE BANKING GROWTH - Emirates NBD, the largest bank by
assets in the United Arab Emirates , said it plans to boost its private banking business, primarily in
Singapore . Reuters - 10/27/09

RAND WEAKENS VERSUS DOLLAR AS S. AFRICA EASES EXCHANGE CONTROLS -
The rand weakened against the dollar after South Africa ’s government eased exchange controls on
companies and individuals. Bloomberg - 10/27/09

OBAMA TO GIVE $3.4 BILLION IN GRANTS FOR SMART GRID - President Barack Obama on
Tuesday will announce $3.4 billion in government grants to help build a "smart" electric grid that will save
consumers money on their utility bills, reduce blackouts and carry power supplies generated by solar and
wind energy, the White House said. Reuters - 10/27/09

HUNGARY TO BE WORLD’S FISCAL LEADER, BOFA SAYS - Hungary is poised to emerge
from the global recession as a leader in fiscal health as years of economic pain brought on by government
austerity measures pay off, according to Bank of America Merrill Lynch. Bloomberg - 10/27/09

CHINA OPENS 'NASDAQ-STYLE' MARKET - China is launching its long-awaited Nasdaq-style
stock market in the southern city of Shenzhen . Twenty eight small- and medium-sized enterprises are
expected to debut on the new exchange. It is designed to attract financing for new industries with the
potential for high growth. BBC - 10/23/09

ASIAN LEADERS FOCUS ON FREER TRADE - After a year of uncertain economic prospects,
Asia’s leaders expressed cautious optimism at a weekend meeting here as they returned to the business
of increasing trade within the region, lowering tariffs and discussing plans for a wider Asian free-trade
zone. The biggest concern raised by leaders was finding new avenues for economic growth that would
leave them no longer dependent on the markets of Europe and the United States . New York Times –
10/25/09

GERMAN ECONOMY FACES PAIN, OFFICIAL SAYS - Germany’s new finance minister, the
veteran conservative politician Wolfgang Schäuble, moved swiftly Sunday to assert his power and tell his
compatriots and the world that the finances of the largest European economy were dire and would take
years to mend. New York Times – 10/25/09

AUSTRALIA, JAPAN FLOAT RIVAL PLANS FOR EU-STYLE ASIAN BLOC - Regional
partners to a Southeast Asian trade bloc have outlined rival proposals for a European-style economic
community in Asia, home to the world's most dynamic economies. At a weekend summit in southern
Thailand , Japanese Prime Minister Yukio Hatoyama talked up the concept of an "East Asian community"
with a common currency that would "lead the world." Australia 's Prime Minister Kevin Rudd separately
proposed an Asia/Pacific economic bloc that includes the US and cooperates on security issues.
CSMonitor.com – 10/25/09

WORLD’S CO2 PLAN POISED TO FAIL, DEUTSCHE BANK SAYS - Global plans to slow
climate change will probably fail through 2020, and nations will require further cuts equivalent to total
yearly emissions in the U.S. , Deutsche Bank AG analysts said. Bloomberg – 10/26/09

VERIZON'S QUARTERLY EARNINGS DROP 30% - Verizon Communications Inc. on Monday
reported a 30% decline in third-quarter profit as consumers and businesses reduced spending on wireline-
phone service. Marketwatch – 10/26/09

KOREA RESOURCES BIDS FOR COPPER MINE IN CONGO , MONEYTODAY SAYS -
Korea Resources Corp. is seeking to buy a copper mine in Congo , MoneyToday reported, citing an
unidentified company official. Bloomberg – 10/26/09

INDIA AGAINST ISSUE OF FRESH OIL BONDS - India 's federal finance ministry is against
issuing fresh oil bonds in the current fiscal year to March 31, a senior official said Monday. However, the
federal government hasn't yet commented on any plans to issue more oil bonds through the fiscal year.
The government issues oil bonds to partly compensate state-run fuel retailers, which are mandated to sell
products at a discount. Wall Street Journal – 10/26/09

BACK-DOOR TAXES HIT AMERICANS WITH PUBLIC FINANCING IN THE DARK -
Financial mistakes as disinvesting, often enabled by public officials’ lack of disclosure and accountability for
almost 90 percent of government financings in the $2.8 trillion municipal bond market, are costing U.S.
taxpayers as much as $6 billion a year. Bloomberg – 10/26/09

SOUTH KOREAN ECONOMY EXPANDS AT FASTEST PACE IN SEVEN YEARS - South
Korea ’s economy grew at the fastest pace in seven years; stoking speculation the central bank will raise
borrowing costs for the first time since the collapse of Lehman Brothers Holdings Inc. Bloomberg –
10/26/09

MCDONALD’S CLOSES IN ICELAND AFTER KRONA COLLAPSE - Iceland ’s McDonald’s
Corp. restaurants will be closed at the end of the month after the collapse of the krona eroded profits at
the fast-food chain, McDonald’s franchise holder Lyst ehf said. Bloomberg – 10/26/09

SAUDI SEC TO SPEND $20 BILLION ON PROJECTS - State-owned Saudi Electricity Co 5110.SE
plans to spend $20 billion to add more than 10,000 megawatts (MW) of generation capacity through six
independent power producer (IPP) projects, a top official said on Monday. Reuters – 10/26/09

MCDONALD’S CLOSES IN ICELAND AFTER KRONA COLLAPSE - Iceland ’s McDonald’s
Corp. restaurants will be closed at the end of the month after the collapse of the krona eroded profits at
the fast-food chain, McDonald’s franchise holder Lyst ehf said. Bloomberg – 10/26/09

CHINA SHOULD RAISE EURO, YEN HOLDINGS, NEWS REPORTS - China should increase
the representation of the yen and the euro in its foreign-exchange reserves, the Financial News, a
newspaper affiliated with China ’s central bank, reported today. The U.S. dollar should retain the largest
weighting in the reserves, at a smaller proportion than now, according to an article by Zhou Hai in the
Beijing-based newspaper. Holdings in euro and yen should increase to reflect China ’s growing trade with
the European Union and Japan , according to the report, which didn’t give Zhou Hai’s job description.
Bloomberg – 10/26/09
TOYOTA, HONDA MAY BOOST OVERSEAS PRODUCTION ON STRONGER YEN -
Toyota Motor Corp. and Honda Motor Co., Japan ’s two biggest automakers, may increase overseas
output as a stronger yen makes exports less competitive. ―We must think about producing overseas what
is now being produced in Japan,’‖ Toyota’s Executive Vice President Takeshi Uchiyamada said at the
Tokyo Motor Show yesterday. The yen may ―have a big impact on Japanese production,‖ Honda’s
President Takanobu Ito said. Bloomberg – 10/22/09

EU HUMAN RIGHTS REPORT COULD COST SRI LANKA $100 MILLION - The E.U. found
that Sri Lanka had severe human rights abuses against Tamils. Sri Lanka could lose trade deals with the
E.U., costing Sri Lanka $100 million. CSMonitor.com – 10/22/09

2ND UPDATE: EU DISAPPOINTED WITH ORACLE RESPONSE IN SUN MERGER
PROBE - The European Commission said Wednesday it was disappointed with Oracle Corp. ' s (ORCL)
cooperation in the commission ' s antitrust probe into the technology company ' s planned $7.4 billion
takeover of Sun Microsystems Inc. (JAVA). Wall Street Journal – 10/21/09

EURO BREAKS $1.50; STOCKS HEAD LOWER, REVERSING COURSE - As the dollar fell to
$1.50 against the euro on Wednesday, its lowest levels in more than a year, concerns swirled for
businesses and policy makers on both sides of the Atlantic. New York Times – 10/21/09

CHINA, INDIA SIGN CLIMATE CHANGE COOPERATION ACCORD - India signed an
agreement with China, the world’s biggest polluter, to increase cooperation on tackling climate change
after the countries rejected calls from rich nations to set binding caps on carbon emissions. Bloomberg
– 10/21/09

EURO BREAKS $1.50; WALL STREET PUSHES HIGHER - The dollar slipped to its lowest levels
in more than a year on Wednesday, weakening to $1.50 against the euro as global investors put money
into other currencies and markets. Over the last seven months, the dollar’s value has declined by more
than 15 percent as federal deficits in the United States rose to record levels, stirring fears that the
government’s aggressive efforts to combat the recession would weaken the American currency and
swamp global markets with Treasury bonds. New York Times – 10/21/09

MICHIGAN TOPS US STATE JOBLESS RATES AGAIN IN SEPT - Michigan again had the
highest unemployment rate of all U.S. states in September at 15.3 percent, followed by Nevada and Rhode
Island , which set records, the Labor Department said on Wednesday. Reuters – 10/21/09

A NEW LAW AND A BOOMING BUSINESS FOR RECYCLING IN SAN FRANCISCO - A
new San Francisco ordinance requiring residential and commercial building owners to sign up for recycling
and composting services officially kicks in on Wednesday, but growing evidence already suggests that the
law has had an impact. New York Times – 10/21/09

IMF TELLS ASIA TO KEEP SPENDING - The IMF has warned states not to stop stimulus spending
too soon. Japan has recovered and China appears to be on the road to recovery but the IMF is warning
them to take it slowly. BBC News – 10/21/09

AZERBAIJAN BOOSTS OIL OUTPUT IN JAN-SEPT BY 8.5 PCT - Azerbaijan ' s crude oil
production rose by 8.5 percent in January-September, year-on-year, to 37.82 million tonnes, thanks to
rising output from a BP-led group AIOC, the State Statistics Committee said on Wednesday. Reuters –
10/21/09

SHIPS, PLANES SHOULD CUT EMISSIONS UP TO 20%, EU SAYS - The European Union
proposed that the shipping and airline industries reduce greenhouse-gas emissions by as much as 20
percent over the next decade as part of any new United Nations accord to fight global warming.
Bloomberg – 10/21/09
WELLS FARGO REPORTS RECORD PROFITS - West Coast banking giant rakes in $3.2 billion in
the latest quarter, nearly double what it made just a year ago. CNN Money – 10/21/09

EURO BREAKS $1.50; WALL STREET PUSHES HIGHER - The dollar slipped to its lowest levels
in more than a year on Wednesday, weakening to $1.50 against the euro as global investors put money
into other currencies and markets. New York Times – 10/21/09

MAGNA ‘CONFIDENT’ OF REACHING ACCORD WITH OPEL UNIONS - Magna
International Inc., the Canadian car-parts maker buying General Motors Co.’s Opel unit, said it’s confident
that it will reach an agreement with Opel’s European workers, as GM targets the signing of the deal by
the end of the week. Bloomberg – 10/21/09

OIL PRICE HITS NEW HIGH FOR 2009 - The price of oil has reached a new high for 2009. Experts
say the short-term direction of oil would depend on the value of the dollar. BBC News – 10/22/09

IVORY COAST COCOA FARMERS WITHHOLD BEANS IN DISPUTE - Farmers in Ivory
Coast ’s biggest cocoa growing region are withholding their beans to demand higher prices for the
chocolate-ingredient and increased state financing of cooperatives, said Michel Gueya, president of the
Haut Sassandra Cooperatives Union. Bloomberg – 10/15/09

IN CALIFORNIA, SMALL CLEAN-ENERGY PRODUCERS GET A BOOST - Gov. Arnold
Schwarzenegger of California signed two bills into law on Sunday that may help the state meet its
ambitious renewable energy goals and beef up its solar industry. One bill requires utilities to buy power
from a larger pool of small solar generators for above-market prices. The idea, modeled after similar
programs in Germany , is to increase market access for small-scale producers of solar power. New
York Times – 10/15/09

GOLDMAN PROFIT QUADRUPLES ON TRADING GAINS - The firm, which was already Wall
Street ' s largest investment bank before the financial crisis and has become even more dominant as some
rivals have fallen by the wayside, stayed on pace to hand out more than $20 billion in year-end bonuses.
Reuters – 10/15/09

SOUTHWEST PROFIT BEATS ESTIMATES AS FARES BUOY TRAVEL - Southwest Airlines
Co., the largest low-fare carrier, posted a third-quarter profit that beat analysts’ estimates as discounted
tickets helped lure passengers. The shares fell along with broad market indexes. Bloomberg – 10/15/09

EUROPE AND SOUTH KOREA TAKE STEP TOWARD TRADE PACT - The European Union
and South Korea took a major step Thursday toward a free trade deal aimed at generating billions of
euros in new trade flows. With the global trade talks deadlocked and amid concerns over a rise in
protectionism, analysts said that the deal could send a powerful signal to other nations, including the
United States , to press ahead with their own bilateral pacts. New York Times – 10/15/09

U.S. DATA SIGNALS RECOVERY, LITTLE INFLATION RISK - U.S. consumer prices edged up
in September, the number of workers filing new claims for jobless benefits dropped to a nine-month low
last week and New York state factory activity perked up this month, more proof the economy was
healing after a protracted recession. Reuters – 10/15/09

TRICHET SAYS U.S. MUST PURSUE ‘STRONG DOLLAR’ POLICY - European Central Bank
President Jean-Claude Trichet said it is ―extremely important‖ that U.S. authorities pursue policies
supporting a strong dollar, and that excessive foreign-exchange volatility is an ―enemy.‖ Bloomberg –
10/15/09
HONDURAS TURMOIL BEARS BITTER FRUIT - Honduras is in a bitter political battle right now
that could cost them $50 million a day in losses. The U.S. is its main economic partner buying 70% of its
exports. The U.S. however has halted aid to the country since President Manuel Zelaya was ousted. BBC
– 10/15/09

CHINESE EXPORT BOOM IN EVIDENCE AT TRADE SHOW - Buyers from around the world
went to the world’s largest trade show on Thursday where Chinese exporters said that sales are finally
rebounding. China has created policies to help it get to this point that are helping keep their
unemployment rates down but contributing to unemployment around the world. New York Times –
10/15/09

MOST BRAZILIAN STOCKS FALL, LED BY RETAILERS; REAL DECLINES - Most Brazilian
stocks declined as worse-than-estimated domestic retail sales overshadowed gains for metal producers on
signs of accelerating growth in China . Bloomberg – 10/15/09

SOUTH AFRICA HAS ENOUGH MONETARY EASING, MBOWENI SAYS - South Africa ’s
central bank has provided ―sufficient monetary accommodation‖ to support economic growth, Governor
Tito Mboweni said. Bloomberg – 10/13/09

CISCO BUYS MOBILE BROADBAND FIRM - The world ' s largest maker of network equipment,
Cisco Systems, has agreed to buy mobile broadband equipment-maker Starent Networks for $2.9bn.
Cisco is banking on the growing popularity of smartphones, which need fast internet access. BBC –
10/13/09

INDIA FINDS ITSELF AWASH IN FOREIGN INVESTMENT - India ’s economy seems to be
booming. Major stock indexes have roughly doubled from their March lows. About $7 billion more in
foreign investment entered the country than left the country. If India were to somehow sustain this
growth, the Indian economy would be growing by 8-9% a year by 2010. New York Times – 10/13/09

HARPER SAYS THAT ‘TOO RAPID’ DOLLAR RISE A ‘RISK’ - Canadian Prime Minister Stephen
Harper said he agrees with the Bank of Canada’s assessment that a ―too rapid‖ rise in the country’s
currency is a risk. Bloomberg – 10/13/09

RUSSIA AND CHINA SIGN TRADE DEALS - China and Russia signed trade agreements worth
$3.5 billion. Russia has agreed to supply 70 billion cubic meters a year of gas to China . Russia is trying to
strengthen its economy. China is also loaning Russia two $500 million loans. BBC – 10/13/09

U.K. INFLATION RATE DROPS TO LOWEST IN FIVE YEARS - The U.K. inflation rate
dropped in September by more than economists forecast to the lowest in five years as the worst
recession in a generation purged cost pressures throughout the economy. Bloomberg – 10/13/09

RUSSIA AND CHINA SIGN TRADE DEALS - China and Russia have signed trade agreements
worth $3.5bn. Trade between Russia and China has risen from less than $10bn to more than $50bn
annually over the past six years. The heart of the relationship is Beijing ' s thirst for Russian energy - oil
and gas make up more than half of Russian exports to China . BBC – 10/13/09

EUROPEAN STOCKS SLIDE; BARCLAYS, JYSKE BANK LEAD LENDERS LOWER -
European stocks declined the most in a week after German investor confidence unexpectedly dropped
and Meredith Whitney downgraded Goldman Sachs Group Inc., saying she was ―far less bullish‖ on
banking shares. Bloomberg – 10/13/09
RISING U.S. POPULATION MAKES 2050 CLIMATE CUT HARDER - A rising population will
make it harder for the United States to make 2050 cuts in greenhouse gas emissions than for Russia and
some other rich nations with shrinking populations, a Reuters survey showed. Reuters – 10/12/09
SMALL FIRMS FACE CREDIT SQUEEZE AS CRISIS DRAGS - Small companies create more
than half of America ' s jobs, but the entrepreneurs who drive this part of the economy continue to
complain that access to credit two years into the recession remains scarce. Reuters – 10/12/09

NIGERIA TO SPEND OIL CASH RESERVE - The National Economic Council in Nigeria has
approved their government to spend $2 billion from its oil windfall fund for an economic stimulus
package. The fund was originally set up to protect Nigeria ’s economy from unpredictable oil prices. Many
people are concerned that there is not a good enough plan for the stimulus package and it may end up
wrought with fraud. BBC News – 10/07/09

CNOOC, EXXON VYING FOR STAKE IN GHANA FIELD - China National Offshore Oil Corp.
is in advanced talks with the Ghana National Petroleum Corp. to make a rival bid challenging Exxon Mobil
Corp.'s $4 billion offer for a stake in a giant oil discovery off of West Africa , said people familiar with the
matter. Wall Street Journal – 10/12/09

MARKET FOR LUXURY GOODS SHIFTS FURTHER TO THE EAST - In December, Christie’s
will auction off ―the Vivid Pink,‖ a bubble-gum-colored five-carat diamond with an estimated value
between $5 million and $7 million. But instead of scheduling the sale in New York or Geneva , the venue
chosen was Hong Kong . Emerging Asia’s role in the market for super high-end luxury goods is
mushrooming, reflecting an underlying shift in consumer spending power that has been creeping along for
years, but got added impetus from the global economic crisis. New York Times – 10/12/09

CHINA NURTURES FUTURES MARKETS IN BID TO SWAY COMMODITY PRICES -
Chinese leaders are concerned that their nation's enormous economic expansion is becoming an excuse
for foreign suppliers to inflate commodity costs. So, they hope to use their three futures exchanges to
fight back. Government officials say the country is positioning its futures markets to be major players in
setting world prices for metal, energy and farm commodities. By letting the world know how much its
companies and investors think goods are worth, China hopes to be less at the mercy of markets
elsewhere. Wall Street Journal – 10/12/09

EU HOPES TO CONCLUDE MICROSOFT CASE BEFORE YEAR END - The European
Commission said Wednesday it was nearing a deal with Microsoft Corp. that would allow the commission
to end its longstanding antitrust case against the company by the end of the year. Wall Street Journal –
10/08/09

CZECHS 'TO RATIFY LISBON THIS YEAR' - Jan Fischer, the Czech prime minister, has told EU
leaders that his country should ratify the Lisbon Treaty by the end of the year. english.aljazeera.net –
10/08/09

NEW AMAZON KINDLE TO DOWNLOAD BOOKS BEYOND U.S. - The company announced
on Tuesday evening that it would soon begin selling a new version of the Kindle that can wirelessly
download books both in the United States as well as in more than 100 other countries. New York
Times – 10/07/09

DOLLAR MIXED AGAINST                 RIVALS - The dollar was mixed against its main trading partners
Wednesday as a retreat on Wall      Street boosted some demand for the greenback as a safe haven. The
dollar rose .29% against the euro   to $1.4680. The greenback fell .17% against the pound to $1.5949 and
.21% against the yen to ¥88.6360.   CNN Money – 10/07/09

DALAI LAMA SALUTES CHINESE SYMPATHIZERS - The Dalai Lama on Wednesday reached
out to China , saluting a Beijing-based novelist who has defied China by seeking reconciliation with the
exiled Tibetan spiritual leader. Associated Foreign Press – 10/07/09
DOLLAR RISES ON SPECULATION DECLINE TOO FAST TO SUSTAIN - The dollar rose
against the euro for the first time in four days on speculation the U.S. currency’s decline was too fast to
sustain. Bloomberg – 10/07/09

SOUTH AFRICAN RESERVES SURGE; MBOWENI BUYS DOLLARS - South Africa ’s central
bank increased the pace of dollar purchases last month to curb the rand’s 27 percent surge against the
dollar this year, boosting foreign currency reserves. Bloomberg – 10/07/09

EU STARTS DEFICIT SCRUTINY FOR SLOVAKIA , SLOVENIA - The European Union
proposed special budget scrutiny for Slovenia and Slovakia , the newest members of the euro region, for
breaching the bloc’s deficit rules, the European Commission said. Bloomberg – 10/07/09

SAUDI CENTRAL BANK CHIEF BACKS DOLLAR, CITES ITS ‘CONVENIENCE’ - Saudi
Arabia’s central bank chief denied holding talks on dropping the dollar as the currency for pricing oil, and
said his country’s foreign-exchange peg to the dollar is a matter of national economic interest.
Bloomberg – 10/07/09

E.U. PLAN TO CURB CARBON DIOXIDE WOULD FAVOR SOLAR POWER - The
European Commission is expected to introduce a plan, to be released on Wednesday, to reduce
greenhouse gas emissions that direct the largest slices of €50 billion available for research and
development to solar power and capturing and burying emissions from coal plants. The plan is intended to
show that EU is taking the additional steps to meet the goal of cutting down greenhouse cases before a
summit meeting coming up this December. New York Times – 10/06/09

FRANCE SECURES $6BN KAZAKH DEALS - France and Kazakhstan have signed energy and
business deals worth $6bn) during a visit to Astana by French President Nicolas Sarkozy. The biggest deal
was signed between Total and GDF Suez and Kazakh state energy firm Kazmunaigaz to develop the
Khvalynskoye Caspian Sea gas field. BBC – 10/06/09

GREENSPAN SAYS UNEMPLOYMENT TO STAY HIGH - The former Fed chief warns that
jobless rate will climb over 10% and stay there for a while, but investors shrug as stocks make early
advance. Forbes – 10/05/09

THE MICHIGAN EXPERIMENT: RUST BELT STATE STRIVES FOR A GREEN
MAKEOVER - Michigan 's economic history, like that of much of the country, isn't particularly green.
But alternative energy, clean technology and other green areas have taken center stage in the state
recently. At the highest level, led by Governor Jennifer Granholm, the state has begun offering compelling
tax incentives and is attracting keen investors and startups, along with federal government stimulus money
supporting green development. Reuters – 10/05/09

U.A.E. PASSES NUCLEAR-ENERGY LAW - The United Arab Emirates on Sunday issued a nuclear-
energy law that brings the oil-rich Persian Gulf state a step closer to implementing a peaceful nuclear-
energy program and establishes a local regulatory authority to oversee it. Wall Street Journal –
10/05/09

KENYAN PM CALLS ON DEVELOPED WORLD TO PAY FOR ENERGY PROJECTS -
Kenya will urge the world’s biggest polluters at climate change talks in December to create a fund to help
Africa get more of its electricity from renewable energy, Prime Minister Raila Odinga said. Bloomberg –
10/05/09

MCDONALD'S TO BECOME MONA LISA'S NEW NEIGHBOR - French culture and American
convenience will come together this December — thanks to plans by the McDonald's restaurant chain to
hang its shingle in the shadow of the Louvre. The McDonalds will be installed in the food court of the
underground mall adjoining the museum, known as the Carrousel du Louvre. The pairing of the two could
serve both of their interests. The Louvre is the world's most visit museum while France is McDonald's top
market outside of the United States. Associated Press – 10/05/09

U.S. SERVICE SECTOR GROWS FOR FIRST TIME IN A YEAR - Activity in the U.S. service
sector expanded in September for the first time since August 2008, while employment in the sector also
improved, the Institute of Supply Management said on Monday. In other data, the U.S. job market
strengthened in September for the first time since January of last year, according to the U.S. Conference
Board. Reuters – 10/05/09

U.S. , SWEDISH INVESTORS EYEING VOLVO BID - Swedish financial daily Dagens Industri on
Monday reported that Swedish and American investors were discussing a joint bid for Ford-owned Volvo.
USA Today - 10/05/09

EUROPEAN FARMERS PROTEST OVER MILK PRICES - Hundreds of dairy farmers drove
tractors into Belgium 's capital Monday to pressure European Union farm ministers over declining milk
prices, as 20 of 27 member nations called for more protection from the volatile world market. Wall
Street Journal - 10/05/09

BRAZIL REAL TOUCHES YEAR HIGH ON G-7 LACK OF SUPPORT FOR DOLLAR - Brazil
’s real rose to the strongest level in more than a year after a statement from the Group of Seven’s leaders
lacked support to stem the dollar’s slide against major currencies, prompting investors to buy higher-
yielding assets. Bloomberg – 10/05/09

UK 'S MANDELSON URGES JAPAN TO RAISE INWARD INVESTMENT - Britain 's Business
Secretary, Peter Mandelson, said on Monday he had urged Japan 's prime minister to allow more foreign
direct investment, saying it would boost the Japanese economy. " Japan has a very small percentage of
foreign direct investment in its economy," Mandelson said, adding that Britain could offer advice on
reform. Reuters – 10/05/09

TELENOR AND ALFA END LEGAL BATTLE AND PLAN ASSET MERGER - Telenor, the
Norwegian telecommunications company, and a Russian partner settled a years-long feud on Monday
when both sides agreed to set aside their lawsuits and instead merge their assets into an even tighter joint
venture. New York Times – 10/05/09

G30 ADVISORY GROUP CALLS FOR NEW IMF GOVERNING BODY - The G30, a group of
prominent bankers, policymakers and economists, called on Monday for sweeping reforms to the
International Monetary Fund, warning that the impetus for change would wane as pain from the financial
crisis fades. The G30 said nations should begin changing the way the Fund is governed as to reflect recent
global economic power shifts and also begin enhancing its ability to provide reserves to calm culture
crises. Reuters – 10/05/09

G7 PRESSES FOR STRONGER YUAN - The Group of Seven rich nations urged China on Saturday
to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion
or resolve other tensions over global currency rates. The G7 dominated economic policymaking for two
decades, but Saturday's meeting underlined that it could no longer solve global problems without the
cooperation of fast-growing economies in the developing world such as China . Reuters – 10/04/09

HANDLING BAD LOANS BADLY - China 's central bank will soon announce bank loan statistics for
September, and there have already been press reports that new lending may be increasing again after a lull
in July and August. On top of record new lending in the first half of the year, despite a global slowdown,
this is provoking new fears of another nonperforming loan crisis on the horizon. The dilemma for Chinese
policy makers will be how to deal with that problem. Wall Street Journal – 10/04/09
GROUP OF 7 BEGINS A SLOW FADE - The world’s top financial officials did not bury the Group
of 7 at their meetings in Istanbul this weekend. But a few pronounced some last rites. At the weekend
meetings in Istanbul of the World Bank and the International Monetary Fund, the move toward a more
multilateral world was in full swing. New York Times – 10/04/09

ONLY 10 DAYS LEFT FOR CLIMATE DEAL, U.N.'S BAN SAYS - The United Nations hopes to
bring 190 governments together in early December in Copenhagen to finalize a deal on greenhouse gas
emissions to replace provisions of the Kyoto Protocol expiring in 2012. Reuters – 10/03/09

I.M.F. CALLS FOR OVERHAUL OF FINANCIAL SYSTEM - The International Monetary Fund
said Wednesday that ―the global economy has turned a corner‖ after the harrowing start to 2009, but
that only a thorough restructuring of the financial system could prevent a return to crisis and pave the
way for solid growth within the next 18 months. New York Times – 9/30/09

EUROZONE PRICES FALLING FURTHER - Prices in the eurozone fell in September at a faster
rate than they had in August. The inflation rate fell to -0.3% in the year to September, from -0.2% in the
year to August, according to Eurostat. It is the fourth consecutive month that the rate of inflation has
been negative in the bloc of 16 European nations that use the euro as their currency. BBC – 9/30/09

Nations offer alternatives at climate pact talks - Negotiators at U.N. climate talks on Wednesday
tried to break the deadlock on finance and steps to cut greenhouse gas emissions as a string of reports
warned of dire consequences from global warming. Reuters – 9/30/09

Global AIDS Detection and Treatment Sees Major Increase - The number of people being tested
for H.I.V. more than doubled in dozens of countries last year, improving detection of AIDS and
contributing to a major surge in those being treated. New York Times – 9/30/09

Estonian Deficit Widens, Risking Euro-Adoption Plan - Estonia ’s fiscal deficit measured by
European Union methodology widened to 9.3 billion krooni ($870 million) in the first half, putting at risk
the nation’s bid to meet euro-adoption terms. Bloomberg – 9/30/09

Wall Street Lower on Economic Unease - Wall Street has been wagering heavily on a strong
economic rebound. But on Wednesday, those bets went sour. Stock markets dived in early trading, with
the Dow falling more than 100 points, after two lesser-known barometers of the economy came in
weaker than expected. New York Times – 9/30/09

BANK OF JAPAN SAID TO CONSIDER ENDING CORPORATE DEBT PURCHASES - The
Bank of Japan may decide as soon as next month to let its emergency corporate-debt buying programs
expire as businesses regain access to private funding, people with direct knowledge of the discussions said.
Bloomberg – 9/30/09

EUROZONE PRICES FALLING FURTHER - It is the fourth consecutive month that the rate of
inflation has been negative in the bloc of 16 European nations that use the euro as their currency. Oil
prices have fallen over the past month as concerns have grown about the state of the US economy. BBC
– 9/30/09

UNEXPECTED TARIFF MAY FURTHER STRAIN US- CHINA TRADE RELATIONS -
Companies that import solar panels to the United States are facing up to $70 million in unexpected
tariffs. The bill comes at a time when the industry is already struggling and could hurt both foreign solar
panel makers and foreign and American distributors. New York Times – 9/30/09

CHINA MAKING INROADS ON CUBAN STREETS - After three decades as the favored car of
Cuban officials, the austere, Russian-built Lada has spotted a Chinese rival in its rear-view mirror.
Government officials and the police are abandoning the Lada, with its stiff manual steering, in favor of the
smooth hydraulics of the Chinese-made Geely CK, a modern sedan that symbolizes the island’s new
alliance with Beijing . New York Times – 9/29/09

DESPITE JOB SECURITY, FRENCH WORKERS GRAPPLE WITH STRESS - Despite France’s
strong labor protection, many suicides in the country can be attributed to work related insecurities and
stresses. There have been 24 suicides at the French company Télécom since 2008, a company that
employs 102,000 people throughout France . The very system that protects French people’s jobs may be
causing them to kill themselves. New York Times – 9/29/09

BOARDROOM LESSONS FOR THE DUGOUT - Major sports such as football, cricket, rugby,
Formula 1, and many others are now recognized as being part of a multimillion pound global industry,
with extensive budgets, media exposure, and customer bases. BBC – 9/29/09

IMF SAYS IT BATTLED CRISIS WELL - The International Monetary Fund, in a broad self-
evaluation, said it acted effectively in combating the global recession, especially in Eastern Europe , a
finding that is bound to deepen the debate on the IMF ' s crisis-fighting abilities. "Fund-supported
programs are helping countries weather the worst of the crisis," the IMF report concluded, saying it was
"remarkable" that countries with IMF loans have so far avoided banking crises. Wall Street Journal –
9/28/09

G-20 PLANS TO END ‘FINANCIAL BALANCE OF TERROR’ AFTER SUMMIT - President
Barack Obama and fellow Group of 20 leaders are trying to end what Obama adviser Lawrence Summers
has called the ―financial balance of terror.‖ World leaders, meeting in Pittsburgh last week, adopted a
framework for more durable economic growth as they sought to prevent a replay of the worst crisis
since the Great Depression. They also acknowledged the growing clout of China and other emerging
economies by giving them a bigger voice in decision-making. Bloomberg – 9/28/09

ANGOLAN RICHES LURE NEW WAVE OF WORKERS - Nearly 35 years after winning
independence from Portugal , Angola is being populated by its former colonizer once again -- this time by
professionals and scores of workers laid off amid the economic slump. Wall Street Journal – 9/28/09

SOUTH AMERICAN LEADERS IN BANK DEAL - South American leaders have backed plans to
create a development bank to finance projects in South America . Venezuela , Argentina , Bolivia ,
Uruguay , Paraguay , Brazil and Ecuador will create a start-up fund for the bank of $20 billion. The bank is
supposed to be an alternative funding source to the International Monetary Fund and the World Bank in
South America . BBC – 9/28/09

A RISING YEN LEADS JAPAN INTO A TRICKY BALANCING ACT - The yen spiked to an
eight-month high against the dollar on Monday, weighing on the stock market and casting a spotlight on
the tricky economic policy decisions facing the new government in Tokyo. As investors fretted about the
pain that a strong currency means for export behemoths like Sony, Canon and Toyota , the benchmark
Nikkei 225 stock index dropped 2.5 percent to close just above the 10,000-point mark, a level not seen
since July. New York Times - 9/28/09

CHINA LAUNCHES PROBE INTO U.S. CHICKEN IMPORTS - China ' s Ministry of Commerce
said Sunday it is formally starting to investigate some "unfair" imports of chicken products from the U.S.,
advancing a case it had first flagged two weeks ago.The ministry said Sept. 13 that it was examining
complaints from domestic companies that some chicken-product imports were being dumped in the
Chinese market and benefiting from subsidies, after the U.S. said it would impose duties of 25% to 35% on
Chinese tire imports for the next three years. Wall Street Journal – 9/27/09

GLOBAL ECONOMIC FORUM TO EXPAND PERMANENTLY - Global leaders will announce
Friday that the once elite club of rich industrial nations known as the Group of 7 will be permanently
replaced as a global forum for economic policy by the much broader Group of 20, which includes China,
Brazil, India and other fast-growing developing countries, the White House said. New York Times –
9/25/09

U.S., CHINA HAVE ‘CREDIBILITY’ GAP ON G-20’S ECONOMIC PLEDGE - A push today
from U.S. President Barack Obama and Chinese leader Hu Jintao to reduce trade and investment
imbalances is probably years away from being fulfilled, according to comments from their own officials.
Bloomberg – 9/25/09

APPLE’S SHADOW HANGS OVER GAME CONSOLE MAKERS - As video game giants like
Sony and Microsoft touted their new gizmos at the Tokyo Game Show this week, industry executives had
more than the coming holiday sales season on their minds. Apple’s recent foray into video games — with
the iPhone, the iPod Touch and its ever-expanding online App Store — is causing as much hand-wringing
among old industry players as the global economic slump, which threatens to take the steam out of year-
end shopping for the second consecutive year. New York Times – 9/25/09

EUROPEAN BANK, SECURITIES, RISK AGENCIES ARE PROPOSED - The European Union
proposed banking, securities and risk-monitoring agencies with sweeping powers to centralize financial
regulation throughout the 27- nation region. Bloomberg – 9/23/09

FORD TARGETS INDIA MARKET WITH FIRST SMALL CAR - Ford Motor Co. Wednesday
unveiled the Figo - its first small car to be produced in India - as the U.S. automaker seeks to gain a
foothold in the emerging South Asian car market and make the country a global production hub for small
cars. Wall Street Journal – 9/23/09

CHASE AND BANK OF AMERICA REVISE FEE POLICIES - Bank of America and JPMorgan
Chase, two of the nation’s biggest banks, announced plans on Tuesday to drastically overhaul their debit
card programs by lowering or eliminating fees, changing the way they credit transactions and allowing
customers to opt out of overdraft protection. New York Times – 9/23/09

DOLLAR FALLS TO ONE-YEAR EURO LOW - The US dollar has fallen to a one-year low against
the euro ahead of the G20 meeting of world leaders. The dollar dropped to $1.4840 against the euro and
it also fell against a basket of other currencies. BBC News – 9/23/09

EUROPEAN MANUFACTURING, SERVICES INDUSTRIES EXPAND - Europe ’s
manufacturing and service industries expanded for a second month in September, suggesting the euro-
region economy is gathering strength. Bloomberg – 9/23/09

JAPAN 'S NEW LEADER ADJUSTS ALLIANCES - Japan 's new prime minister is using his first
appearance on the world stage to try to make good on his campaign pledge to recalibrate Tokyo 's
foreign policy, moving closer to Asia and taking a tougher stand with the U.S. Wall Street Journal –
9/23/09

SOUTH AFRICA LEAVES INTEREST RATE UNCHANGED AT 7% - South Africa ’s central
bank left its benchmark interest rate unchanged on signs that six rate cuts since December may be easing
the country’s first recession in 17 years. Bloomberg – 9/22/09

FORECASTS FOR ASIAN GROWTH RAISED - The Asian Development Bank (ADB) said that the
economies of China and India are going to grow more than previously thought in 2009. China ’s economy
is supposed to grow by 8.2% and India ’s economy is projected to grow by 6%. The ADB believes that
expansionary fiscal and monetary policies are the reason for this projected growth. BBC News –
9/22/09

SOUTH OFFERS GRAND BARGAIN TO NORTH KOREA TO GIVE UP NUCLEAR
WEAPONS - South Korea ’s president offered North Korea a ―grand bargain‖ on Monday in which
North Korea would receive economic assistance in return for giving up its nuclear program. South Korea
, the United States , China , Japan , and Russia are all pushing for negotiations to end North Korea ’s
nuclear program. CSMonitor.com – 9/22/09

MOODY’S SEES ICELAND, HUNGARY, LATVIA RECOVERY ‘FAR’ - Iceland, Hungary and
Latvia, which rely on emergency loans to finance their economies, are ―far from recovery‖ a year after
resorting to the bailouts to avert default, Moody’s Investors Service said. Bloomberg – 9/22/09

POLAND UNLIKELY TO MEET 2012 DEFICIT GOAL - Poland , the largest of the European
Union’s eastern members, is ―unlikely‖ to make its 2012 goal of cutting the budget deficit to within the EU
limit, the head of the International Monetary Fund’s Polish mission said. Bloomberg – 9/22/09

BUNDESBANK SAYS GERMAN ECONOMY MAY BENEFIT FROM EXPORT DEMAND -
The German economy, Europe’s largest, may gather strength in the current quarter as companies profit
from rising export demand, the Bundesbank said. Bloomberg – 9/21/09

CO2 EMISSIONS TUMBLE; LEADERS TO MEET ON CLIMATE - Recession is set to cause the
sharpest fall in world greenhouse gas emissions in 40 years, according to an estimate on Monday as world
leaders gathered in New York to try to break deadlock on a new climate treaty. Reuters – 9/21/09

MAGNA STARTS TALKS ON JOB CUTS AT OPEL AS UNIONS PLAN PROTEST - Magna
International Inc., the Canadian car-parts maker leading a group to buy General Motors Co.’s Adam Opel
GmbH unit, started talks with labor leaders on job cuts as part of the 5 billion-euro ($7.3 billion) deal.
Bloomberg – 9/21/09

EMISSIONS OF CO2 SET FOR BEST DROP IN 40 YEARS - Global carbon emissions are
expected to post their biggest drop in more than 40 years this year as the global recession froze
economic activity and slashed energy use around the world. New York Times – 9/21/09

VENEZUELA TO PAY OFF $4.6BN DEBTS - President Hugo Chavez of Venezuela said the state-
run oil company, Petroleos de Venezuela, will pay off its debts by the end of the year. Companies that are
in manufacturing, construction, and trade sectors will benefit from the loans being paid off. The company
owes $4.6 billion because it fell behind in payments this year. BBC News – 9/21/09

POUND PLUMBS FIVE-MONTH EURO LOW - The pound has fallen to its lowest level since April
against the euro after a warning that UK public debt levels may not be sustainable. The Bank of England
cautioned that foreign investors may not be as willing to purchase UK assets, thus hurting the pound ' s
long-term exchange rate. BBC News – 9/21/09

WEST BANK SETTLEMENTS BECOME HAVENS OF ISRAELI SURBURBANITES - Many
Israeli families are moving to the West Bank for different reasons than before. Many families are moving
for economic value as opposed to ideological values. Home prices are good, the neighborhoods a
community, and the view is beautiful. The increase in population in the conflict zone (growth of almost
three times the rest if Israel ) is causing more problems in terms of the conflict. CSMonitor.com –
9/20/09

ONCE SLAVE TO LUXURY, JAPAN CATCHES THRIFT BUG - Not long ago, many Japanese
bought so many $100 melons and $1,000 handbags that this was the only country in the world where
luxury products were considered mass market. Even through the economic stagnation of Japan ’s so-
called lost decade, which began in the early 1990s, Japanese consumers sustained that reputation. But this
recession has done something that earlier declines could not: turned the Japanese into Wal-Mart
shoppers. New York Times – 9/20/09
WHY CHINA IS WINNING THE GREEN GAME - Even as China overtakes the US in the dubious
category of ―world’s leading greenhouse gas producer‖ it is also taking the lead in developing the
technologies and policies to solve the problem well ahead of the US - - and sell those solutions to us at
massive profits which could have been ours. CNBC – 9/18/09

WIND TECHNOLOGY TRENDS: WHY SMALL STEPS MATTER - More than 31,000 MW of
new wind capacity was added worldwide in 2008, a record that can be described as an absolute milestone
in the modern history of wind power development. Reuters – 9/17/09

JAPAN CENTRAL BANK EYES RECOVERY - The bank of Japan says that the economic condition
is showing signs of recovery. Japan ’s corporate firms are doing better however smaller firms are still
struggling. The bank is also calm about the yen rising, saying it may help the economy in the long run.
BBC – 9/17/09

EUROPE'S $57 BILLION PLAN TO PUT WINDMILLS IN THE OCEAN - Wind is the fastest
growing renewable energy source in Europe . Europe is now looking to do ―offshore‖ wind.‖ They are
going to spend $57 billion to put windmills in the ocean. To reduce carbon emissions even more, all they
need to do is figure out how to bring the electricity to shore. CSMonitor.com – 9/14/09

CHINA ALLAYS US TRADE WAR FEARS - China has said it does not think its trade disputes with
the US will hurt ties between the two countries, playing down the threat of a trade war. The US
imposed tariffs on Chinese tyre imports on Friday. China then requested talks, under World Trade
Organization (WTO) rules, over the issue. BBC News – 09/15/09

CHINA STOCKS RISE; BEST PERFORMERS A YEAR AFTER LEHMAN FAILURE - China’s
stocks rose, led by commodity producers, leaving the Shanghai Composite Index the best performing
benchmark measure globally a year after the collapse of Lehman Brothers Holdings Inc.
Bloomberg.com - 09/15/09

JAPAN AIRLINES TO CUT ROUTES AND 6,800 JOBS - Japan Airlines said Tuesday that it would
cut 6,800 jobs, trim routes and quickly secure emergency funds from an overseas carrier, stepping up
restructuring efforts amid mounting losses that threaten to pull the company under. New York Times
– 09/15/09

FIAT TECHNOLOGY WILL CUT CHRYSLER DEVELOPMENT TIME - Fiat technology is
expected help Chrysler significantly cut the time it takes to develop new models in the medium- and
small-car segments to about 18 months, Chrysler brand chief executive Peter Fong said Tuesday at the
Frankfurt Auto Show. CNBC.com – 09/15/09

SOUTH AFRICA’S U-TURN ON APARTHEID ISSUES - A group of South Africans are suing
Daimler, Fujitsu, General Motors, IBM, and Rheinmetall for allegedly aiding South Africa ’s former
apartheid regime. The case will be taking place in a New York court. This is a reversed policy from South
Africa since Jacob Zuma became president; the last government vowed not to sue companies that did
business in South Africa during the apartheid. There are 26 complaintents in the case who are asking for
$400 billion from the companies. BBC News – 09/09

JAPAN’S NEW PRIME MINISTER- CAN HE FIX THE ECONOMY? - As it prepares to take the
reins this week in a historic shift in power, the Democratic Party of Japan is issuing a flurry of
pronouncements on everything from drastic cuts in greenhouse gases to reform of a turgid bureaucracy.
csmonitor.com – 09/15/09

EU SAYS EUROPE ECONOMY MAY RESUME GROWTH THIS QUARTER - Europe’s
economy probably returned to growth in the current quarter after governments spent billions of euros to
pull the region out of the worst recession in more than six decades, the European Union said.
Bloomberg.com – 9/14/09

CHINA-U.S. TRADE DISPUTE HAS BROAD IMPLICATIONS - An increasingly acrimonious
trade dispute between China and the United States over the past three days is officially about tires,
chickens and cars, but is really much broader. New York Times – 09/14/09

EU: SANCTIONS AGAINST ZIMBABWE TO REMAIN, CNN - The European Union will not lift
sanctions on Zimbabwean President Robert Mugabe and his allies until the country improves its human
rights record and moves ahead on a power-sharing plan, an EU official said Sunday. European
Commissioner for Development and Humanitarian Aid Karel de Gucht spoke to reporters at the
conclusion of a two-day visit about Mugabe ' s calls for an end to the sanctions. CNN – 09/13/09

SWEDEN URGES US SENATE TO ACT ON CLIMATE BILL - Sweden ' s environment minister
urged the U.S. Senate on Monday to pass legislation to control greenhouse gases, saying a delay in the
vote is impeding negotiations on a new international climate treaty. CNBC.com – 09/14/09

GERMAN STOCKS SNAP SIX-DAY GAIN AS BANKS DECLINE; BMW ADVANCES -
German stocks declined after a six- month rally pushed valuations in the benchmark DAX Index to the
most expensive level since December 2003. Bloomberg.com – 09/14/09

CALIFORNIA'S JULY EXPORTS LOWEST IN SIX YEARS - California’s merchandise exports
dipped 2.1 percent to $9.77 billion in July, the lowest level in six years, according to the University of
California Center Sacramento. The Sacramento Business Journal – 09/10/09

OIL PRICES UP AFTER OPEC MEETING - The price of crude oil has risen to $72.16 a barrel after
Opec’s meeting on Wednesday. Opec decided not to change the amount of oil being produced for now
because while the economy seems to be recovering, the rate of recovery remains questionable. BBC
News – 09/10/09

A GOLDEN CHANCE - Just a decade ago Indonesia was on the brink of catastrophe. Things have
taken a dramatic turn for the better, says Simon Long. A special report on Indonesia . The Economist
– 09/10/09

JULY TRADE DEFICIT CLIMBS 16.3 PCT TO $32 BILLION - The U.S. trade deficit shot up in
July to the highest level in six months as a surge in shipments of foreign oil and autos pushed imports up
by a record amount. The Washington Post – 09/10/09

GERMAN STOCKS CLIMB TO HIGHEST LEVEL THIS YEAR; BMW ADVANCES - German
stocks advanced for a fourth day, sending the DAX Index to its highest level this year, as Commerzbank
AG said it will return unused debt guarantees. Bloomberg - 9/9/09

CHINA UNVEILS HIGH-SPEED RAILWAYS - China has announced plans to build 42 new high-
speed railway lines over the next three years. In a breakthrough, China has developed trains that can run
on both high-speed and normal lines, said railway official Zhang Shuguang. BBC News - 9/9/09

AIRLINE EMISSIONS SHOULD BE CAPPED AT 2005 LEVELS - Airline emissions should be
capped at 2005 levels in 2050 to help ensure the success of global efforts to reduce greenhouse gases,
said the U.K. Climate Change Committee, which advises Britain’s government. Bloomberg - 09/09/09

MALAWI DEFENDS TOBACCO EXPULSIONS - Malawi's President Bingu wa Mutharika has
defended his decision to deport four senior foreign tobacco buyers for flouting minimum-price rules.
BBC News - 09/09/09
RECESSION MOVES MIGRATION PATTERNS - The global recession has had a marked effect on
international migration according to a special report commissioned by the BBC World Service. Fewer
people are moving abroad for work but those who are already abroad are, for the most part, staying put.
BBC - Economic News - 09/08/09

DOLLAR DECLINES ON ECONOMIC OUTLOOK - Investors banking on an economic recovery
clamored on Tuesday to buy crude oil, metals and other investments that could benefit once global
commerce revives. New York Times - 09/08/09

TRADE CHIEFS AGREE TO RESUME TALKS, BREAKING 14-MONTH IMPASSE: Trade
ministers agreed to resume global talks after a 14-month deadlock as they set a 2010 target to secure an
accord that may hasten an economic recovery. Bloomberg.com - 09/04/09

U.S. CALLS FOR GLOBAL BANK CAPITAL REQUIREMENTS: Washington - The U.S.
Treasury Department Thursday proposed tough international standards on capital and liquidity at banks,
saying new rules are needed to reduce the risk of another global financial crisis. Reuters - 09/03/09

EUROZONE TO GROW MORE STRONGLY: The European Central Bank (ECB) has raised its
forecast for economic growth in the eurozone and kept interest rates on hold at 1%. The head of the
bank said there was an expectation that "severe contraction" would now be followed by a period of
"stabilization and gradual recovery". BBC News - 09/03/09

W.T.O. TO WEIGH IN ON E.U. SUBSIDIES FOR AIRBUS: Paris - After five years of bitter and
costly litigation between the United States and Europe , the World Trade Organization is expected to
deliver a report Friday intended to set limits on government support for civil aircraft makers like Boeing
and Airbus. But it is coming, economists and industry analysts say, too late to make much difference. The
New York Times - 09/03/09

GM BOOSTS CHINA FORECAST, NOW EXPECTING 40% GROWTH THIS YEAR: Beijing-
General Motors Co. said Wednesday its sales growth in China, its fastest growing market, should exceed
40% this year after August sales more than doubled from a year earlier. The Wall Street Journal -
09/03/09

AUDITOR: MEXICAN TRUCK SAFETY RULES STILL UNMET: Washington - A government
auditor says more work is needed to ensure the safety of Mexican trucks and buses awaiting permission
to drive on U.S. roadways. The Associated Press - 09/02/09

TRADE CHIEFS AGREE TO RESUME TALKS, BREAKING 14-MONTH IMPASSE: Trade
ministers agreed to resume global talks after a 14-month deadlock as they set a 2010 target to secure an
accord that may hasten an economic recovery. Bloomberg.com - 09/04/09

U.S. CALLS FOR GLOBAL BANK CAPITAL REQUIREMENTS: Washington - The U.S.
Treasury Department Thursday proposed tough international standards on capital and liquidity at banks,
saying new rules are needed to reduce the risk of another global financial crisis. Reuters - 09/03/09

EUROZONE TO GROW MORE STRONGLY: The European Central Bank (ECB) has raised its
forecast for economic growth in the eurozone and kept interest rates on hold at 1%. The head of the
bank said there was an expectation that "severe contraction" would now be followed by a period of
"stabilization and gradual recovery". BBC News - 09/03/09

W.T.O. TO WEIGH IN ON E.U. SUBSIDIES FOR AIRBUS: Paris - After five years of bitter and
costly litigation between the United States and Europe , the World Trade Organization is expected to
deliver a report Friday intended to set limits on government support for civil aircraft makers like Boeing
and Airbus. But it is coming, economists and industry analysts say, too late to make much difference. The
New York Times - 09/03/09
GM BOOSTS CHINA FORECAST, NOW EXPECTING 40% GROWTH THIS YEAR: Beijing-
General Motors Co. said Wednesday its sales growth in China, its fastest growing market, should exceed
40% this year after August sales more than doubled from a year earlier. The Wall Street Journal -
09/03/09

AUDITOR: MEXICAN TRUCK SAFETY RULES STILL UNMET: Washington - A government
auditor says more work is needed to ensure the safety of Mexican trucks and buses awaiting permission
to drive on U.S. roadways. The Associated Press - 09/02/09

EURO-ZONE INFLATION STAYS NEGATIVE: Frankfurt - Consumer prices in the euro zone fell
0.2% in August from a year earlier, the European Union's statistics arm Eurostat reported in a preliminary
estimate Monday. The Wall Street Journal - 09/01/09

PROJECT TO POWER EUROPE WITH SAHARA SUN GAINS MOMENTUM: RABAT ,
MOROCCO — A €400 billion plan to power Europe with sunlight from the Sahara is gaining momentum,
despite warnings about starting a large corporate project using new technologies in countries of northern
Africa where the rule of law is weak. Desertec, as the $573 billion initiative is called, would be the
world’s most ambitious solar power project. REUTERS in New York Times - 8/24/09

WTO TO ADOPT DUMPING REPORT, RETALIATION ON U.S. LOOMS: GENEVA -The
World Trade Organization is due on 8/31 to adopt a ruling by its top court condemning U.S. anti-dumping
measures, allowing Japan to seek retaliation against Washington, a WTO agenda showed on Friday.
REUTERS - 8/21/09

ASIA’S RECOVERY HIGHLIGHTS CHINA ’S ASCENDANCE: PARIS — In past global
slowdowns, the United States invariably led the way out, followed by Europe and the rest of the world.
But for the first time, the catalyst is coming from China and the rest of Asia, where resurgent economies
are helping the still-shaky West recover from the deepest recession since World War II. New York
Times - 8/23/09

RETAIL SALES PLUNGE IN E. EUROPE: Latvia - The region ' s severe recession sent retail sales
down an outsized 29 percent in Latvia in June compared to a year ago, 20 percent in Lithuania , 17.8
percent in Romania , and 10.5 percent in Bulgaria . For the entire 27-member EU, retail was up 0.1
percent, a figure that underlines the disproportionate impact the recession is having on the European
Union ' s newer, eastern members. Associated Press

JUNE TRADE DEFICIT RISES, IMPORTS INCREASE - The U.S. trade deficit edged up slightly in
June as imports rose for the first time in 11 months, another sign that the worst recession since World
War II is beginning to loosen its grip on the economy. ASSOCIATED PRESS in the LA Times - 8/12/09

W.T.O. RULES AGAINST CHINA'S LIMITS ON MEDIA IMPORTS - A World Trade
Organization panel ruled on Wednesday that China had violated international free trade rules by limiting
imports of books and movies, in a decision that buttresses growing complaints from the United States and
Europe about Chinese trade policies. KEITH BRADSHER in the New York Times - 8/12/09

IMPACTS FROM CALIFORNIA AGRICULTURE - California is and remains the most productive
agricultural state in the nation. Farmers and growers in the state produce over 400 commodities.
California represents the largest agricultural sector in the nation. California Business Minute

				
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