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SNAPSHOT - Financial Crisis - 0630 GMT

Published 12/10/2008, 01:33 AM
Updated 12/10/2008, 01:35 AM
INVP
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RIO
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SONY
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NEWS

- U.S. Fed mulling issuing own debt for first time-WSJ

- Democrats could vote $15 billion bailout in House and restructure U.S. automakers

- Rio Tinto says to slash capex, 14,000 jobs

- Japan machinery orders slide 4.4 percent in October

- Sony shares fall, restructuring plans fail to woo investors

- AIG owes $10 billion to other financial services firms for soured trade- WSJ

- U.S. Energy Information Administration sees global GDP growth 0.5 percent in 2009 vs 2.7 percent this year

MARKETS

- Asia stocks rise, Nikkei at one-month closing high on U.S. auto relief

- Oil rebounds more than $1 a barrel to under $44

- Yen edges down against the dollar and euro, stock gains

warm investor appetite for risk

QUOTES

- "I think we are very, very close to having something we can bring before this body sometime today" - Senate Democratic leader Harry Reid on negotiations on a proposed $15 billion bailout of the U.S. auto industry.

"Rio Tinto has announced a detailed package of measures in

response to the unprecedented rapidity and severity of the

global economic downturn, which has caused sharp falls in commodity prices and a significantly weaker outlook," Rio Tinto statement.

- "Industrial production data, particularly manufacturing output, is a horror story, We've seen a number of sharp declines in recent months and if anything the pace of contraction appears to be worsening." - Philip Shaw, Economist at Investec, on British industrial output figures.

"What we are seeing right now may be a gradual turnaround in

global stocks as liquidity in financial markets is seen slowly improving, helped by the latest moves by governments."- Jun Ji-won, market analyst, Kiwoom.Com Securities.

EVENTS/DATA

Weds, Dec. 10

- Australian Dec. consumer sentiment

- Japanese Nov. corporate goods price index, Oct. machinery

orders

- German Nov. wholesale prices, French and Italian October

industrial production, Italian Q3 GDP

- BOJ Deputy Governor Nishimura speaks at conference

- U.S. Oct. wholesale inventories

- ECB's Jurgen Stark speaks at event in Germany

- U.S. November budget report

(Compiled by World Desk, Singapore, +65 6870 3815)

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