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[QUOTE="andy003, post: 1014, member: 245"] [b]FOREX-NEWS UPDATE FOR TODAY[/b] [FONT="Comic Sans MS"]Date: 6th March 6, 2009 Friday Here are the Top Two Headlines from Forex and Financial World. EU calls for crisis talks over GM: The European Commission has called for a crisis meeting among EU states hosting General Motors (GM) plants. Earlier, the troubled carmaker's auditors said there was "substantial doubt" about the ability of General Motors to stay afloat. Last week GM posted a $30.9bn (£21.9bn) loss for 2008.It also warned that 2009 was set to be "challenging”. Shares in General Motors fell more than 15% in New York trading. BOJ to Expand Debt Buys: Bank of Japan Deputy Governor Yamaguchi said the central bank may need to expand its purchases of corporate debt to prevent a credit shortage from worsening the recession. "We can’t deny corporate financing will become even more difficult towards the fiscal year end on this month.Yamaguchi said hinting at further policy actions since it unveiled the plan to purchase corporate bonds from banks last month. News excerpts from the BBC and Bloomberg. [/FONT] [/QUOTE]
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