Brown Tries to `Perversely’ Benefit From U.K. Relapse Risk Before Election

March 11, 2010

By Jennifer Ryan March 11 (Bloomberg) — Gordon Brown is trying to turn the threat of a double-dip U.K. recession into an advantage.

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Yen, Dollar Strengthen on China Inflation; Metals Fall, Stocks Pare Gains

March 11, 2010

By James Poole and Jonathan Burgos March 11 (Bloomberg) — Metals dropped and Asian stocks erased gains, while the yen and dollar strengthened, after reports on Chinese inflation , factories and loans raised concerns the government would take steps to cool the economy.

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China’s February Inflation Accelerates, Adding Pressure for Stimulus Exit

March 10, 2010

More here: China’s February Inflation Accelerates, Adding Pressure for Stimulus Exit

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Chavez Outdone by Billionaire Mendoza as Wealth Soars Amid Takeover Threat

March 10, 2010

Read more: Chavez Outdone by Billionaire Mendoza as Wealth Soars Amid Takeover Threat

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Nomura Said to Hire Puritz of Deutsche Bank as Convertibles Chief for U.S.

March 10, 2010

Read the original post: Nomura Said to Hire Puritz of Deutsche Bank as Convertibles Chief for U.S.

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Unemployment Climbed in 30 U.S. States, Fell in Nine (Update1)

March 10, 2010

Read more: Unemployment Climbed in 30 U.S. States, Fell in Nine (Update1)

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Gates Appeals to Saudi Arabia’s King on Tougher UN Sanctions Against Iran

March 10, 2010

By Viola Gienger March 11 (Bloomberg) — U.S. Defense Secretary Robert Gates sought Saudi Arabia’s help in rallying support for tougher United Nations sanctions against Iran and urged other Persian Gulf partner nations to strengthen their militaries

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El Nino May Cut Thai Rice Output, Boost Palm Oil Price as Drought Spreads

March 10, 2010

By Supunnabul Suwannakij March 11 (Bloomberg) — Rice production in Thailand, the world’s largest exporter, may decline as drier-than-normal weather curbs yields, adding to signs that an El Nino may be hurting farm output across the region. “Unmilled rice output in the next crop year may fall below the average production level of 31 million tons if El Nino puts off rainfall,” Prasert Gosalvitra , head of the nation’s Rice Department , said today by phone from Bangkok.

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China’s Vehicle Prices Rise Most in at Least Four Years Amid Higher Demand

March 10, 2010

By Bloomberg News March 11 (Bloomberg) — China’s vehicle prices rose the most in at least four years in February as consumers took advantage of government incentives to buy new cars and trucks. Prices rose 1.49 percent last month from a year earlier, Cheng Xiaodong , an official with the National Development and Reform Commission’s vehicle monitoring division, said in a telephone interview today in Beijing. Chinese consumers bought 1.21 million automobiles in February, 46 percent more than a year earlier, as vehicle sales continued to surge after the government extended subsidies for customers trading in old vehicles and for rural car buyers

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China Inflation, Production Accelerate, Adding Pressure for Stimulus Exit

March 10, 2010

By Bloomberg News March 11 (Bloomberg) — China’s inflation reached a 16- month high, industrial output climbed and new loans exceeded forecasts, adding to the case for the government to pare back stimulus measures. Consumer prices rose 2.7 percent from a year earlier, the National Bureau of Statistics said in Beijing today, compared with the 2.5 percent median estimate of 29 economists surveyed by Bloomberg News

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