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In U.S., Barclays Is Losing Its Grip
Plans by Barclays to sell its iShares exchange-traded-fund unit come at a time when the company's hold on the U.S. market may be loosening.
Wall Street Journal

Japan Slips 0.6%, Australia Rises
Asian share markets fell after Wall Street slipped, although Australian stocks bucked the trend to push higher on quarter-end fund buying.
Wall Street Journal

Obama Seeks Long-Run Investments in Budget
In President Obama's prime-time speech given at 8pm EST, the 44th president reminded the country that the financial crisis was caused because of policies...
Daily FX

Chavez to spearhead regional bank launch
Venezuela's President Hugo Chavez is spearheading the revival of efforts establish the Bank of the South, a regional development fund, aimed at easing the pain of recession.
FT

Redpoint Ventures busy recruiting, hires three
Redpoint Ventures has hired three experienced executives in its team. The new members are Satish Dharmaraj, co-founder of Zimbra, Nety Krishna and Pueo Keffer. Keffer will head as VP of Redpoint’s growth equity fund while Krishna and Satish joined in as partners. Krishna will also be the CTO of energy, materials and environment practice.---Related Articles at Startup Meme:ClickPass embeds Google, Hotmail, Yahoo and Facebook into its OpenID.12seconds- a micro video messaging service or call it a true “twitter video”
Startup Meme

Press Releases: Watson Wyatt encourages long-term thinking amid ?dreadful? global economy
Co-ordinated policy responses from governments and central banks around the world to provide liquidity and short-term funding to the financial system have not been effective in the face of unwillingness by financial institutions to lend and householders? propensity to save and not borrow according to Watson Wyatt. [GLOBAL]
Watson Wyatt

Analysis: China considers diversifying forex reserve - istockAnalyst.com (press release)
ABC NewsAnalysis: China considers diversifying forex reserveistockAnalyst.com (press release), ORChina is considering diversifying its foreign exchange reserve so as to ensure its safety, although US dollar assets are still safe investment for China's forex reserves. US Federal Reserve announced on March 18 that it would purchase 300 billion ...China Promotes Issuance of IMF Bonds to Diversify Its Forex Assets ChinaStakes.comChina Forex Regulator: Would Mull Buying IMF Bonds EasyBourse.comUS Treasuries still key to China investment plan AFPAlibaba News Channel - Nanyang100all 918 news articles
Info 5000

Lloyd`s sanguine on financial claims
Pre-tax profits at the world's biggest insurance market fell to £1.9bn, hit by the fall-out of lower investment returns, but previous year surpluses helped to offset claims from natural catastrophes and lower insurance rates
FT

Poll-sensitive
The Sensex, or the sensitive index, has been living up to its name in more ways than one. While the stock market has cheered the Sensexs recent rise, a little-known broking house (Apollo Sindhoori Capital Investments Ltd) has put out a research note putting some perspective to this. The broking firm has looked at the movement of the Sensex a month prior and a month after each national election from 1991, and the result is almost unequivocal in the month following the elections, the market more than loses all the gains made in the month prior to the elections. In both 1991 and 1996, the pre-election gain was more than the post-election loss (13 and 5 per cent for 1991, and 17 and 6 per cent for 1996). In 1998, the Sensex gained 4 per cent in the month before the election and lost 5 per cent in the month after; in 1999, it gained 9 per cent and then lost 15 per cent; in 2004, it gained 5 per cent and then lost 29 per cent.
Business Standard

Cerberus to stick by US auto sector
The alternative investment firm has made what appear to be some misjudged calls over Chrysler and GMAC, as well as in several banks, finding itself deep in two of the most troubled sectors of the US economy.
FT

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