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Sunday, April 12, 2009
Politique
-Japanese Prime Minister Taro Aso announced a new, Y15,400bn fiscal stimulus package.
-All criminal charges against Jacob Zuma are dropped, clearing the way for the ANC head's election to the presidency later this month.
-An East Asia summit is cancelled as Thailand stands on the brink of "revolution." Elsewhere, tens of thousands of protesters rallied in the Georgian capital of Tbilisi for Saakashvili's resignation.
-An earthquake killed at least 250 people in Italy, leaving near 20,000 others homeless.
Economia
-Wells Fargo stunned Wall Street with a profitable Q1 2009, contributing to the fifth straight weekly gains for US stocks.
-The FT ran an interesting article on Japanese bank Nomura's move towards more "western-style" contracts for employees.
-Underlining the collapse of trade in Asia, Singapore's GDP "probably" shrank for the fourth straight quarter, the deepest recession in the country's history.
The Rest
-In Europe, Barca looked unbeatable in their thrashing of Bayern Munich, a sublime Adebayor goal put Arsenal in the driver's seat and Chealsea stunned Liverpool at Anfield.
-A Reuters piece asks, "Is America's love affair with the 'exurbs' over?"
-Art prices fell 35% in Q1 2009.
Labels: banks, East Asia, financial crisis, Football, international trade, TWTWTW