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Financial News

Lloyds Banking Group Expects to Make a Profit in 2010 on `Strong' Trading Lloyds Banking Group Plc, the U.K.’s biggest mortgage lender, said it expects to return to profit this year because of “strong” earnings in the first 10 weeks of 2010.

Stocks, Copper Advance as U.S. Jobs Report Lifts Confidence; Yen Weakens Asian stocks rose, led by auto and electronics makers, after a report on fewer U.S. jobless claims boosted confidence in the recovery of the region’s biggest export market. The yen weakened and copper gained.

Euro Set for Worst Week Since February Start on Greece Concerns; Yen Slips The euro headed for its biggest weekly loss since the start of February as concern Greece will fail to secure financial assistance from the European Union damped demand for the currency.

Roach Says `Take Out the Baseball Bat' on Krugman Over His Stance on Yuan Morgan Stanley Asia Chairman Stephen Roach said that Paul Krugman’s call to push China to allow a stronger yuan is "very bad" advice and that increased Chinese spending is a better way of reducing trade imbalances.

Finance Bonds Beating Industrials as JP Morgan Sells Debt: Credit Markets Financial company bonds are beating industrial debt by the most this year after lagging behind in February, encouraging investors to snap up new issues from JPMorgan Chase & Co. and Credit Suisse Group AG.

Google May Announce China Withdrawal Next Week, China Business News Says Google Inc. may pull out of China on April 10, China Business News reported today, citing an unidentified Chinese sales agent for the company.

General News

Clinton to Meet Putin in Moscow After Urging Delay to Iran's Nuclear Plant U.S. Secretary of State Hillary Clinton, who’ll meet Russian Prime Minister Vladimir Putin in Moscow today, urged her hosts to delay plans to bring a nuclear power station in Iran online.

Rio Tinto Trial Highlights Communist Party Role in China's `Scary' Courts Foreign companies that do business in China will be tracking the criminal trial next week of Rio Tinto Group iron-ore chief Stern Hu and three colleagues to see if politics plays as big a role in any conviction as the evidence, lawyers said.

Obama Delays Visit to Indonesia, Handing First-Mover Advantage to China President Barack Obama postponed a trip to Indonesia for three months to focus on his health-care plan, ceding ground to China in seeking trade and investment opportunities in Southeast Asia’s largest economy.



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