Fred Gibson News
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Indonesia’s inflation accelerated to a 20-month high in February on higher food prices and power tariffs, reducing scope for the central bank to cut interest rates as exports falter.
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Confederate International Co., a Thai family-owned maker of nightwear, lost a German customer of 22 years after last month’s minimum-wage increase in the Southeast Asian nation raised costs.
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Indonesian President Susilo Bambang Yudhoyono is under growing pressure to raise fuel prices and curb oil imports as currency risks persist and the window to act narrows ahead of elections in 2014.
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The Federal Deposit Insurance Corp. is pursuing about 50 criminal investigations against executives, directors and employees of banks that failed since the financial crisis began, the Wall Street Journal reported, citing an interview with Fred Gibson , the FDIC’s deputy inspector general.
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Indonesia’s central bank held its benchmark rate unchanged for a 10th straight meeting as its currency near a three-year low reduces scope for monetary easing.
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Thailand’s flooding will probably cost the nation’s economy $1.9 billion, Fred Gibson, an associate economist at Moody’s Analytics, said in a note today. The inundation will disrupt industrial production and increase near-term inflation, he said. Moody’s Analytics kept its Thai economic growth estimate at 3.7 percent for 2011 and 3.9 percent in 2012.
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Seoul may be the most poignant place one could pick in Asia for a spectator seat at Greece’s economic implosion.
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Facebook Inc.’s initial public offering will be the biggest test of a rule introduced in 2011 to protect investors and curb volatility on the first day a company trades.
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Indonesia’s central bank left its benchmark interest rate unchanged for a second month as inflation risks persist even after the government was forced to postpone an increase in subsidized fuel prices.
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Indonesia’s central bank will push aside calls to delay rules requiring down payments for new home and vehicle loans, seeking to avoid a property bubble and minimize credit risks.
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