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Global News Impacting Asia  Updates       Updated: 17 November 2010  

• Bank of America sees Asian inflation
The Bank of America Merrill Lynch sees no currency wars in Asia but more Asian inflation. More     

• Lloyd’s increases insurance push in Malaysia
Specialist Lloyd’s market underwriter Markel International has stepped up its efforts in the Malaysian insurance market following the launch of its service company in the offshore financial centre of Labuan.

• Wells Fargo analyst on euro
The US dollar rose against key currencies on Monday boosted by robust retail figures in the United States and ongoing concerns over Ireland's sovereign debt,.  

• Obama’s visit to Asia
From November 4 to November 14, U.S. President Barack Obama visited the four Asian countries of India, Indonesia, South Korea and Japan and attended the G20 Summit held in Seoul as well as the Asia-Pacific Economic Cooperation Summit held in Yokohama.

Global News Impacting Asia  Updates      Updated: 12 November 2010 

• The Bank of America and Asia
Although the Bank of America recently attracted widespread negative press for the alleged mishandling of home foreclosures in the United States, 2010 has been a year when the bank renewed its interest in the emerging economies of Asia.More

• The euro in Asia
The euro slumped against 14 of 16 major currencies, losing at least 1 percent versus the Taiwanese currency, U.S. dollar, South Korean won and Brazilian real.

• President Obama at the G20
Before the start of the G20 meeting in South Korea, President Obama got off to a difficult start when he failed to reach a trade deal that had been in the works since the previous Ex United States President Bush administration.

• U.S. elections 2010 and its impact on Asia
The midterm elections in the United States saw the lower House of Representatives swing to a decisive majority for the Republicans.

• United States Veteran’s Day
U.S. Veteran’s Day was celebrated November 11 in the United States. That date was selected as it is the date that the armistice was signed ending World War I.More

• G-20 did not reach deal on imbalances, to try again next year
Leaders of the Group of 20 nations failed to reconcile their positions on the substantive issues but agreed to try to resolve their differences over currencies and trade imbalances over the course of the next year.

• Heart but No Seoul: Obama Will Leave Korea without KORUS
The Obama administration deserves highest marks for reinvigorating the U.S. focus on Asia.

• USA on the defensive at G-20 Summit
US President Obama is in Seoul emphasizing that future Global growth depends on a re-balancing of trade, the other World leaders are saying NO to his approach.

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