Japan Looks to a Robot Future
Rapid City Journal - With more than a fifth of the population 65 or older, the country is banking on robots to replenish the work force and care for the elderly. In the past several years, the government has funded a plethora of robotics-related efforts, including some

Contract win adds to saga of booming South
Seattle Post Intelligencer - If anything the South’s economic improvement and significance has only increased since then, from its increasing prominence in auto manufacturing (Mercedes in Alabama being the latest) to its dominance in banking.

Australian Dollar Falls on Speculation Rate Increases to Pause
Bloomberg - The Aussie is taking a pretty massive hit,” stated Sean Callow, senior currency strategist at Westpac Banking Corp. in Singapore. “It’s a more dovish statement than we expected.

Jousting again at title loans
Memphis Commercial Appeal - Legislation that would mandate reasonable rates on car title loans, introduced in the Senate by Roy Herron, D-Dresden, and in the Home by Memphis Democrat Larry Turner, is pending before the Senate Commerce Committee and the House Utilities, Banking

German stocks - Factors to watch on March 4
Reuters - The past six months of turmoil in global credit markets exposes the limits of capital adequacy stipulations as the main tool in international banking regulation, Deutsche Bank CEO Josef Ackermann stated on Monday. [ID:nL0317657] Separately, India’s

Dollar Close to Record Low Versus Euro on Slumping U.S. Economy
Bloomberg - The Aussie is taking a pretty big hit,” stated Sean Callow, senior currency strategist at Westpac Banking Corp. in Singapore. “It’s a more dovish statement than we expected.

Australian shares close lower after interest rate hike - UPDATE
Forbes - National Australia Bank added 32 cents or 1.2 percent to 27.50 dollars and Australia and New Zealand Banking Group rose 51 cents or 2.4 percent to 21.44 dollars.

Standard Bank receives $5.5 billion equity investment
Nigeria Guardian - ICBC has more than 180 million personal banking customers and 2.5 million corporate banking customers. It has over 16 000 branches and outlets in the People’s Republic of China and almost 100 branches in the rest of the world.

JGB futures retreat from 1-mth high, hit by auction
Forbes - The coupon for the new 10-year bonds was set at 1.4 percent, the lowest since just before the Bank of Japan ended its super-loose monetary policy in March 2006 of flooding the banking system with funds to keep interest rates near zero.

Murthy inducted into HSBC board with emerging market focus
Stockhouse Canada - Global banking major HSBC Holdings Monday inducted Infosys founder N.R. Narayana Murthy as a non-executive director and strengthened its executive board after incurring a record $17.2 billion bad debt charge mainly due to the US sub-prime mortgage

Australia Forecasts Record Commodity Sales on China (Update4)
Bloomberg - The underlying demand from the economic growth of countries like China, India, Vietnam is probably going to continue for another two decades,” Saul Eslake, chief economist at Australia and New Zealand Banking Group Ltd., told reporters at the agency

GM gives Henderson large role
Detroit News - He was director of mortgage banking at General Motors Acceptance Corp., followed by a promotion to vice president of finance at GMAC. In 1994, he took over as head of operations at GM’s sprawling Automotive Components Group, the parts-making division

Rates rise `will hurt families’
News.com.au - The increase in rates appears to make the foreign investors (who have billions lent to the Banking sector) richer, particularly as US rates decline, those with cash investments (I recommend a small majority) with more to spent and those with out

Citi Hones Wealth Focus
Wall Street Journal - The investment-banking group, in the process of eliminating about 4,200 jobs, is prone to last more layoffs. Write to David Enrich at david.enrich@wsj.com

Profits slide at Close Brothers
Financial Times - Close Brothers stated on Monday it planned to continue to expand its current business as interim profits at the banking, corporate finance, asset management and securities trading group slumped following the unsuccessful completion of takeover speaks

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Loving the fine art of finance
Fort Lauderdale Sun-Sentinel - Kenneth Binger intended to be a lawyer, but after working with numbers, got hooked on finance. “It’s all about helping people and showing them how to reach and succeed,” he said. Binger is BankAtlantic ’s president of its Palm Beach and Treasure

Sensex tumbles 684 pts at mid-session
Hindustan Times - Meanwhile, unperturbed over fall in the stock markets, Finance Minister P Chidambaram today said the downslide reflected happenings in the world market.

Dollar Falls to 3-Year Low on Speculation Debt Losses to Spread
Bloomberg - Japanese consumer finance firm Takefuji Corp. said today it may report losses of as much as 30 billion yen ($289 million) on subprime-related derivatives transactions.

RPT-GLOBAL MARKETS WEEKAHEAD-Dollar decline to dominate
Reuters - Key meetings of European Union finance ministers and European Central Bank interest-rate setters are expected to do tiny to shift the status quo, while the U.S.

The Federal Reserve’s rescue has failed
Daily Telegraph - As the once unthinkable unfolds, the leaders of global finance dither. The Europeans are frozen in the headlights: trembling before a false inflation; cowed by an atavistic Bundesbank; waiting passively for the Atlantic storm to hit.

Germany to push for tighter EU tax rules-paper
Forbes - BERLIN, March 3 (Reuters) - German Finance Minister Peer Steinbrueck wants to tighten EU rules to force tax havens such as Liechtenstein, Monaco, Andorra and Switzerland to cooperate fully with neighbouring countries, a German newspaper reported

Market Chatter — Corporate finance press digest
Reuters - LONDON, March 3 (Reuters) - The following corporate finance-related stories involving U.S. and European companies were reported by media over the weekend and Monday: ** Russian miner and steel maker Mechel (MTL.N: Quote , Profile , Research ) MTLR

ITC Shares Drop After India Increases Cigarette Tax (Update1)
Bloomberg - March 3 (Bloomberg) — ITC Ltd., India’s biggest tobacco company, fell the most in three weeks in Bombay trading after the government increased cigarette taxes. India’s Finance Minister Palaniappan Chidambaram on Feb. 29 raised the excise tax on non

What they said
Miami Herald - Business Monday | National | International | Personal Finance | Technology | Small Business | Friday Business Report They get run off the beach because they can’t afford to pay the tax.” — Jim Overton , Duval County property appraiser, on

Budapest shares TFN at a glance outlook
CNBC - Allianz Bank plans to double its 53,000 household clients in Hungary this year, says local deputy CEO Gabor Hegyi (Vilaggazdasag) -Austrian think tank WIIW sees 3 pct GDP growth in Hungary this year, compared to 2.8 pct seen by Hungary’s finance

China sees limited hit to exports from subprime woes
Reuters South Africa - BEIJING (Reuters) - U.S. subprime woes will have only a limited impact on Chinese exports but the government will pay close attention to the fallout of the crisis, Commerce Minister Chen Deming said on Monday. He said exports would keep growing this

HSBC Net Rises 21% in 2007 as Asian Lending Offsets U.S. Losses
Bloomberg - March 3 (Bloomberg) — HSBC Holdings Plc, Europe’s biggest bank by market value, stated profit rose 21 percent last year as emerging-market lending made up for subprime losses in the U.S. Net income increased to $19.1 billion, or $1.63 a share, from

Barclays buys Russian Expobank
Daily Telegraph - Barclays stated that it expected the deal, struck with Expobank’s current owner Petropavlovsk Finance, to generate profit and a return on investment “significantly” above the cost of equity by 2011.

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P R Ramesh l
Economic Times - Finance minister P Chidambaram’s fifth budget stumped the chattering classes, mostly with incomes of well over Rs 10 lakh a year. The Rs 10-lakh income threshold is relevant because there are less than 300,000 people in India showing a taxable

New Delhi, March 2
Tribune - Union finance minister P Chidambaram has made more allocation in 2008-09 General Budget for women and child welfare. It is a moot point whether that will reach the people like these who live on pavements at Jantar Mantar in the Capital on Sunday

Borrowing costs at 15-yr high
News.com.au - Given the sharp increase in the cost of wholesale finance faced by the banks, we anticipate the banks continue to raise corporate lending rates,” he said.

Post budget: What can you do with your surplus income?
Indian Express - At least half the money that the finance minister has put into the tax payer’s pocket should be invested in long-term saving instruments New Delhi, March 2: Fourty-two year old Niranjan stated as he ruched to office, “I hear the budget would leave

China discovers the permissive society
Ledger-Enquirer - – All Job Categories – Accounting Admin & Clerical Automotive1 Banking1 Biotech1 Broadcast - Journalism1 Business Development Construction Consultant Customer Service Design Distribution - Shipping Education Engineering Entry Level Executive

Team Wins New England Investment Research Challenge
Forbes - We congratulate the team and share in the honor and pride their victory brings to Babson and our investments education programs,” said Steven Feinstein, Ph.D., CFA, Associate Professor of Finance, Donald P.

Devil of India’s Budget Lies in Missing Details: Andy Mukherjee
Bloomberg - March 3 (Bloomberg) — Indian Finance Minister Palaniappan Chidambaram’s annual budget is one part Robin Hood and another part Houdini. It’s hard to say which one is worse. In his Feb. 29 budget speech in parliament in New Delhi, Chidambaram

Flaherty’s ‘attacks’ on Ontario undermine economy: McGuinty
Globe and Mail - TORONTO — Federal Finance Minister Jim Flaherty undermined confidence in the Canadian economy with his “inappropriate and potentially harmful” comments aimed at singling out Ontario as the last place in Canada to start a business, Premier

GOP Frets Over Democratic Fundraising
Forbes - Such a money advantage could mean that for the first time since post-Watergate campaign finance laws, a presidential candidate may forgo public financing for the general election.

Dean: McCain Has a Problem of Saying One Thing and Doing Another
Forbes - WASHINGTON, March 2 /PRNewswire-USNewswire/ — Today on CNN’s Late Edition, Democratic National Committee Chairman Howard Dean highlighted John McCain’s hypocrisy on the campaign trail. Citing McCain’s efforts to skirt the same campaign finance laws

Is your name on the voting list?
Miami Herald - Personal Finance Welcome to the first presidential election in which almost each say must have a list of every registered voter.

IN BRIEF
Deccan Herald - Finance Minister P Chidambaram on Sunday sought to allay apprehensions that the Rs 60,000-crore farmers’ package will lead to collapse of the cooperative and scheduled commercial banks and weaken the banking system. TRS MPs, MLAs to resign Stepping

50% of IFCI’s employees go for VRS
Indian Express - Finance minister P Chidambaram has made a provision of Rs 433 crore in the budget 2008-09 for restructuring old liabilities of IFCI. Sources stated 54 per cent reduction in workforce is in line with the intended business plan in the changed

JAMMU & KASHMIR
Tribune - However, at this stage when eight states including Jammu and Kashmir would soon go to Assembly elections and LS polls could be announced, the UPA government can even promise moon,” said former finance minister Abdul Rahim Rather.

Buffett States U.S. Trade Imbalance Lures Sovereign Wealth Funds
Tehran Times - valued at $75 billion at yearend, Berkshire owns businesses ranging from candy making and residential real estate brokerage to utilities and corporate jet leasing, giving Buffett an insider’s perspective on many facets of the economy and finance.

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Back to business in Baltimore
Baltimore Sun - The expectation, Morris said, is for that money to cover player payrolls so the league can avoid repeat occurrences from previous years when some players weren’t getting paid.

Questions linger over developer’s Obama deal
MSNBC - Rezko seven months later to widen their yard, the money they paid was beyond the reach of Mr. Rezko’s creditors, including one conducting a court-ordered hunt for his assets to recover a $3.5 million debt.

Consider ‘diminished value’
Baltimore Sun - In other words, when it is time to sell, you probably won’t get as much money for it because it is viewed as damaged goods, even if it has been expertly repaired.

Solar water heater saves energy, money
Detroit Free Press - Dear Jim: My kids and I want to become greener. Using a solar water heater seems to make the most sense. I don’t have much money for one. How can we build one ourselves? — Pat F. Dear Pat: Solar water heating makes the most economic sense for

Smoke break’s ending for Michigan inmates
Detroit Free Press - But they don’t know if they’ll save money.” Under the ban, no tobacco products will be allowed on prison property except in locked vehicles owned by employees in prison parking lots.

Budget woes will dominate 2008 session
Miami Herald - He has proposed a budget plan that prevents deep cuts by taking money from trust funds, increasing revenue from new casino games and expanding the state-run lottery.

High Stakes in Two Says
Philadelphia Inquirer - We’ll see if voters start to have some buyer’s remorse.” Working against her, though, would be the difficulty of raising more money, the lateness of the hour, and the daunting delegate arithmetic. “They have a huge task in front of them to erase our

Debt, equity financing are just 2 types of help
Baltimore Sun - Business owners often begin with too tiny money. It’s one of the most common reasons why new businesses do not make it. Sources and types of small-business financing fall into a few broad categories.

Univision Battle With Televisa Places Programs in Jeopardy
Los Angeles Business Journal - If Televisa were granted to pull its popular Spanish-language telenovela programs from Univision, the company says it could sell the shows to other groups for much more money.

Gordon Brown to curb second home ownership
Times On the web - tend to overlook depreciation which has to be paid for by maintenance costs, the loss of time on maintenance, and inflation - all tend to get overlooked in the “profit”. Television programmes never factor in these elements, or foregone interest on the money

Virgin Mobile Service to Be Sold in India by Tata (Update2)
Bloomberg - Branson’s operations also include carrier Virgin Atlantic Airways Ltd., the Virgin Galactic commercial space-travel venture, Virgin Music and Virgin Money, which sells loans, credit cards and investment products.

Jiri Fischer plays for 1st time since collapse; ex-Wing has not ruled
Detroit Free Press - It was awesome,” he said after playing in the “Shocks and Saves” charity game at Wendler Arena in front of a crowd of about 1,000 to raise money for his Healthy Hope Foundation.

Small N.J. towns see massive threat
Philadelphia Inquirer - He said he hoped Oaklyn would be able to get some of the state money set aside for municipalities that consolidate services. Towns are anxiously seeking information about how to get some of the $32 million that Corzine said would be available to aid

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Clinton’s Surprising Roller-Coaster Ride
Seattle Times - I don’t think anyone can stop her,” John Catsimatidis, a New York businessman and member of Clinton’s finance team, trumpeted in February 2007.

CDWP approves 33 projects
Daily Times - He stated the federal government would finance 27 projects costing Rs 20.9 billion. The spokesman further stated that out of the 3 projects located in Punjab, one project namely “TA loan for Lahore rapid mass transit system (LRMTS) project” costing

Krauthammer: First Amendment even protects lobbyists
Record Searchlight - It must be stated of McCain that he has invited such astonishingly thin charges against him because he has made a career of ostentatiously questioning the motives and ethics of those who have resisted his campaign finance reform and other measures that

Ex-Bears TE John Gilmore signs with Bucs
Miami Herald - Business Monday | National | International | Personal Finance | Technology | Small Business | Friday Business Report Free agent tight end John Gilmore signed with the Tampa Bay Buccaneers on Saturday.

The hour’s top news from The Associated Press
MSN UK News - Zimbabwean former finance minister woos ruling celebration dissidents in presidential race The truth about Jaws When Quint delivered his famously chilling monologue in Jaws, few could have predicted that sharks

Superdelegates tend to favor candidate who gave their campaigns cash
Boston Globe - The Center for Responsive Politics, a nonpartisan campaign finance watchdog group, said this evening that the total giving to the campaigns of superdelegates had increased to at least $710,900 from Obama’s political action committee since 2005 and at

Riding on sops, Cong hits campaign trail
Times of India - The plan to hit the campaign trail just a week after its announcement is a sign of the Congress assessment that the finance minister had given a bragging point to erase the negativity which has gripped Congress after successive election defeats.

Everybody adores the loan waiver, everybody knew it was coming
Indian Express - The Government of India and Finance ministry is considering it.” On Budget Day, the Congress mobilised farmers to gather at party president Sonia Gandhi’s residence within hours of the announcement and hoardings thanking the Congress and the

Peloton’s crash fires fund fears
Times On the internet - FEARS of a hedge-fund meltdown are rippling through the City, with dozens more funds said to be close to following Peloton into collapse. Peloton began to liquidate its $9 billion (£4.5 billion) credit portfolio on Friday after coming under pressure

DCCC files complaint against Oberweis campaign
Chicago Tribune - The Democratic Congressional Campaign Committee states it has filed a complaint against Republican Jim Oberweis over a current campaign finance filing.

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