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Daily Forecast - 18/1/2010

The Aussie dollar fell below the 93 cent handle in Asia on Friday to enter offshore trade around 0.9275 ahead of key European and U.S economic data releases.

New emails show AIG mulled bank payment disclosures

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The New York Federal Reserve Bank actively worked with bailed out insurer AIG to build a case against disclosing details of AIG's payments to banks just days after the insurer considered making them public, documents released late on Saturday showed.

Iraq's Chemical Ali gets 4th death sentence

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An Iraqi court sentenced Ali Hassan al-Majeed, the Saddam Hussein henchman widely known as Chemical Ali, on Sunday to death by hanging for a 1988 gas attack that killed about 5,000 Kurds, a court official said.
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U.N. calls Haiti crisis worst in decades

World leaders pledged aid to rebuild a devastated Haiti, but on the streets of its wrecked capital earthquake survivors were still waiting on Sunday for the basics: food, water and medicine.
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Mazda and Ford to dissolve China JV: report

Mazda Motor Corp and Ford Motor Co will dissolve their joint venture in China by 2012, a move that would further weaken the tie between the two automakers, Japan's Nikkei business daily reported on Sunday.
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Yahoo pulled into Google fracas, Alibaba reacts

Yahoo got pulled into a growing row between China and Google on Saturday, as its Chinese partner slammed Yahoo's statements supporting Google while a source revealed the search giant had stayed silent about cyber-attacks.
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Clinton flies to Haiti as quake victims await aid

Secretary of State Hillary Clinton flew to Haiti on Saturday carrying relief supplies as the U.S. poured in massive aid four days after the earthquake that local officials say killed up to 200,000.
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UK hopes to profit from bank rescue

The British government still hopes to make a profit from its multi-billion-pound rescue of major British banks during the financial crisis, Prime Minister Gordon Brown said on Saturday.
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Haiti says 200,000 may be dead, tensions rise

Tensions rose among desperate Haitians awaiting international aid and hunting for missing relatives on Saturday as aid began to trickle in four days after an earthquake that Haitian authorities say killed 200,000 people.
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Obama chides banks' audacity for fighting fee

President Barack Obama on Saturday slammed Wall Street's audacity for fighting a bailout fee he wants to slap on financial firms and said his Republican opponents had sided with big banks.
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Cadbury investors look for higher Kraft bid

Some of Cadbury's biggest shareholders, led by Legal & General, continued to reject Kraft Foods' 10.5 billion pound ($17.2 billion) bid and will look for an increased offer over the next four days.
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Yahoo knew of attacks before Google, kept mum

Yahoo Inc knew it had been a target to sophisticated Chinese cyber attacks on U.S. corporations before Google alerted the company to them, a source familiar with the matter said, but chose to remain silent after its bigger rival went public.
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U.S. texting raises $11 million for Haiti

Cellphone users in the United States have contributed more than $11 million to Haitian earthquake relief through text messages in what is being hailed as an unprecedented mobile response to a natural disaster.
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China plays down Google dispute but U.S. concerned

China sought on Friday to play down a threat by Google Inc to quit the country on hacking and censorship concerns, but the United States said it will formally express concern over the cyber attacks the Internet search giant said originated in China.
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U.S. inflation tame, industrial output rises

U.S. consumer prices rose modestly last month, while industrial output rose on a cold snap, suggesting the economy was growing but not generating a level of inflation that would spur the Federal Reserve to roll back from its stimulative policies.
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Court asked to allow prosecution for sexting

A teenage girl who appeared topless in a sexting cell phone picture that was distributed among her middle-school classmates should face child-pornography charges, a Pennsylvania prosecutor argued before a U.S. appellate court on Friday.
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JPMorgan, consumer sentiment batter market

U.S. stocks slid from 15-month highs on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.

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