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Currencies to Extend Slide on Growth, Citigroup Says
Asian currencies are poised to keep falling after the biggest decline in eight months as the region?s economy slumps more than investors expect, spurring more interest-rate cuts, according to Citigroup Inc. Volatility will increase as Europe ...
www.bloomberg.com
CREDIT CLOSE: Asian credit markets flatline, nervous eyes on India
SINGAPORE, May 21 (IFR) - Asian credit markets were in flat-line mode for most of the day, with an upside bias based on a positive tone from the G8 meeting, although much of any residual gains was attributed to short covering rather than new ...
www.reuters.com
Eclipse crosses , US: Millions look skyward
By ERIC TALMADGE and SUSAN MONTOYA BRYAN Associated Press ALBUQUERQUE, N.M. (AP) - From a park near Albuquerque, to the top of Japan's Mount Fuji, to the California coast the effect was dramatic: The moon nearly blotting out the sun creating a blazing ...
www.msnbc.msn.com
PRECIOUS METALS: Gold Rises In ; Capped At $1,600/Oz
SINGAPORE (Dow Jones)--Gold prices rose in Asian trading Monday, as a softer U.S. dollar and momentum-based buying lent support to the yellow metal following sharp gains at the end of last week. Spot gold was trading at $1,596.60 a troy ounce at ...
www.online.wsj.com
CORRECTED-ING life insurance sale shifts into top gear
HONG KONG, May 18 (Reuters) - Global insurers Manulife Financial Corp, Metlife and Prudential Financial Corp are among suitors expected to place first-round bids on Friday to buy ING Groep's life insurance unit in a deal worth about $6.5 ...
www.reuters.com
South a rising force in global meth trade
ISLAMABAD -- Iran, Pakistan and other South Asian countries are a fast-rising force in the global methamphetamine market, with drug cartels thriving off the weak governance and law enforcement that have long fueled the region's heroin trade.
www.miamiherald.com
InvestHK tops in bank survey
HONG KONG, May 21 (Xinhua) -- Invest Hong Kong (InvestHK) was ranked sixth in the world for inquiry handling, according to the World Bank Group's latest survey. It was the only Asian investment promotion agency in the global top 10. According to the survey ...
www.news.xinhuanet.com
UN calls for shared, sustainable growth within -Pacific region
BANGKOK, May 21 (Xinhua) -- and the Pacific must work closer together to sustain its dynamic growth and ecological health, so as to achieve inclusive and sustainable prosperity, the United Nations urged leaders of the region here on Monday. With the ...
www.news.xinhuanet.com
Millions watch as eclipse crosses US,
ALBUQUERQUE, N.M. - Millions in and the western United States watched as a rare "ring of fire" eclipse crossed their skies. The annular eclipse, in which the moon passes in front of the sun leaving only a golden ring around its edges, was ...
www.heraldtribune.com