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The Great Beyond: UK holds first auction for carbon allowances The UK is the first country to avail itself of an EU rule allowing governments to auction up to 10 percent of the allowances between now and 2012. Selling four million allowances at a rate of 16.15 euros per tonne, the UK hauled in nearly 65 million euros (US $81 million). Next year the country plans to sell upward of 25 million allowances, according to Reuters. ... At least that's the theory. Governments can also just raise revenue

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The Market Thinks The Bailout Is Bogus

A quick look at bank stocks would indicate that Wall St. is not terribly impressed with the Paulson $700 billion bailout plan. Citigroup (C), the whipping boy of the group, may be at a multi-year low. But, so is Goldman Sachs (GS), the most sublime of all US financial institutions. Even Jamie Dimon's JP Morgan (JPM), arguably the best run bank, has been pulled into the vortex of selling The trouble is that investors think that the amount of money being put into the financial system is far too

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(AFX UK Focus) 2008-11-20 09:14 Turkish C.Bank-lengthens forex depo period to 1 mth (Interactive Investor)

(AFX UK Focus) 2008-11-20 09:14 Turkish C.Bank-lengthens forex depo period to 1 mth (Interactive Investor) November 20th, 2008 ISTANBUL, Nov 20 (Reuters) - The Turkish Central Bank said on Thursday it would extend the period of lending in the foreign exchange depo market to one month from one week as of Friday, in a bid to boost liquidity. It added it had cut forex depo lending rates to 7 percent from 10 percent for the dollar, and to 9 percent from 10 percent for the euro. (Reporting by Da

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Michael Jackson to testify in British court: lawyer (Reuters)

Reuters - Singer angelique leader plans to tell inbound period in a commonwealth flat in a causa brought against him by a island prince, Jackson’s professional said on Thursday.

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Reuters World News Highlights at 1000 GMT

LONDON - Global economic misery spread on Thursday with the Federal Reserve predicting U.S. recession well into 2009, Japan's exports to Asia falling for the first time in six years and another sharp sell-off on global equity markets. [REUTERS] [Read More]

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Parliament Session on Security Agreement Interrupted by Altercation

Al-Zaman reports in Arabic that the Iraq parliament's Committee on Security and Defense voted in favor of the Iraqi-US security agreement. That committee is headed by Hadi al-Amiri, the leader of the Badr Organization (the paramilitary wing of the Islamic Supreme Council of Iraq). Badr's willingness to vote for the agreement is a clear sign that the United Iraqi Alliance, the ruling coalition of Shiite fundamentalist groups, has swung behind it. Faryad Rawanduzi, a member of the Kurdistan

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Solar plane to take off next April - Times of (Www.OSIR.org.in) India

JAIPUR: ‘Solarimplse,’ a solar plane, dubbed a revolutionary project in the field of aviation, will have its first test flight April next year in Switzerland, an officer associated with the project said. Besides, the microlight-like plane is Source: timesofindia.indiatimes.com Button liberated by Formula One’s new rules - Reuters Canada LONDON (Reuters) - Jenson Button put Honda’s dismal 2008 season behind him and looked forward to a brighter Formula One future after an encouraging test in B

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World Grapples with Pirate Problem

20 November World Grapples with Pirate Problem - Peter Spiegel and Henry Chu, Los Angeles Times The Saudis chose to negotiate. The Indian navy opened fire. The US Navy said shipping companies should do more to protect their vessels, and the ship owners said governments should guard the high seas. But everyone wants the barely functioning government of Somalia to control the pirates who sail from its ports to seize the cargo ships and tankers that ply past. Mightily armed, but slightly baffled, 2

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Www.OSIR.org.in - UPDATE 1-Genzyme, Osiris to develop stem cell products - Reuters

Nov 4 (Reuters) - Genzyme Corp (GENZ.O: Quote , Profile , Research , Stock Buzz ) said it would co-develop and market two adult stem cell products of Osiris Therapeutics (OSIR.O: Quote , Profile , Research , Stock Buzz ) that are being tested for Source: www.reuters.com Obama Pick: Buy Osiris Therapeutics (OSIR) - Bloggingstocks.com Looking for stocks that should benefit now that Senator Obama is officially President-Elect Obama? Many investors believe that liberals negatively impact stock m

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Pakistan protests over U.S. missile strikes

ISLAMABAD, Nov 20 (Reuters) - Pakistan summoned U.S. ambassador Anne Patterson on Thursday to lodge a protest over missile strikes launched by drone aircraft against militant targets in Pakistan, a Pakistani foreign ministry official said. [News - Al Qaeda] [Read More]

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Does the bailout need a new bailout already?

So much for TARP and the bailout, said the market yesterday. Citigroup has gotten $25 billion in capital from the government, and has raised $75 billion in capital overall. Nonetheless, its stock has fallen 33% this week to as the shorts and credit default swap markets execute what appears to some to be a replay of Bear Stearns. Some respected analysts see its biggest losses still ahead. Reuters: Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prosp

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Media Digest 11/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Japan exports hit their lowest level since 2002. Reuters writes that hopes for an auto bailout in this session of Congress are poor. Reuters reports that the US is looking into lending practices at Golden West. Reuters reports that small businesses are being hurt by trouble on Wall St. Reuters reports that a bank analyst said financial firms need another $1 trillion in capital, especially Goldman Sachs (GS), Wells Fargo (WFC), JP Morgan (JPM), Citigroup (C), AI

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Media Digest 11/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Japan exports hit their lowest level since 2002. Reuters writes that hopes for an auto bailout in this session of Congress are poor. Reuters reports that the US is looking into lending practices at Golden West. Reuters reports that small businesses are being hurt by trouble on Wall St. Reuters reports that a bank analyst said financial firms need another $1 trillion in capital, especially Goldman Sachs (GS), Wells Fargo (WFC), JP Morgan (JPM), Citigroup (C), AIG (AI

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Yahoo!’s CEO faces reality; Citigroup continues to lose weight

It may be a bit too late…No, it is too late but better late than never (Yahoo’s fate riding on Yang’s successor as CEO; AP). What took this long amid a serious of management missteps? Ignorance…pure breed ignorance mixed with an unhealthy serving of greed! $33 per share was not good enough but now, with a share price of below $10 per share, even $20 looks like a great deal. In the middle of a plan to leave the country altogether, NYAG Cuomo pleas, urges or suggests Citigroup executives shou

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Microsoft modifies Zune subscription model

(Reuters) - Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) on Thursday announced a new music subscription plan for owners of its Zune players, which would allow them to keep 10 tracks per month and add them to their permanent collection. The Zune Pass subscription service currently gives consumers on-demand access to millions of tracks for $14.99 per month. Effective Thursday, the software company's modified subscription plan would allow owners of Zune to keep 10 tracks p

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US panel urges study of antipsychotics in children | Industries | Healthcare | Reuters

US panel urges study of antipsychotics in children | Industries | Healthcare | Reuters.

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Asia Markets And Europe Open 11/20/2008

Markets in Asia fell sharply. The Nikkei was off 6.9% to 7,703. Canon and Mitsubishi UFJ Financial took huge losses. The Hang Seng fell 4.2% to 12,279. The Shanghia Composite was off 1.7% to 1,984. At the open in Europe, the FTSE was down 2.1% to 3,921. The Dax fell 2.6% to 4,245. The CAC 40 dropped 2.4% to 3,014. Data from Reuters. Douglas A. McIntyre

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Asia Markets And Europe Open 11/20/2008

Markets in Asia fell sharply. The Nikkei was off 6.9% to 7,703. Canon and Mitsubishi UFJ Financial took huge losses. The Hang Seng fell 4.2% to 12,279. The Shanghia Composite was off 1.7% to 1,984. At the open in Europe, the FTSE was down 2.1% to 3,921. The Dax fell 2.6% to 4,245. The CAC 40 dropped 2.4% to 3,014. Data from Reuters. Douglas A. McIntyre

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Messi: Ronaldinho is the best in the world

Lionel Messi believes that Ronaldinho is the best player on the planet Photo credit: Reuters via Daylife Lionel Messi has claimed former Barcelona team-mate Ronaldinho is the best player in the world. The Argentina star is believed to be competing with Manchester United ace Cristiano Ronaldo for the Ballon d'Or. However, he believes that Ronaldinho is still the best player on the planet. The Brazilian superstar has been outstanding for his new club AC Milan and he is quickly getting back to

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Pakistan summons U.S. envoy to protest missiles

ISLAMABAD, Nov 20 (Reuters) - Pakistan summoned U.S. ambassador Anne Patterson on Thursday to receive a formal protest over missile strikes launched by pilotless drone aircraft against militant targets on Pakistani soil, a Pakistani foreign ministry official said. [REUTERS] [Read More]

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