NEWS

– UBS (UBSN.VX) will post a Q1 loss and cut 8,700 more
jobs, says chief executive

– China’s annual GDP growth slips to record low in Q1, but
quarter-on quarter increase may point to a recovery

– Infosys issues downbeat forecast in dollar earnings for
2009/10

– Intel beats earnings forecasts, says thinks Q1 computer
sales hit bottom, but no Q2 revenue outlook sent shares down
4.6 percent after-hours

– Yahoo Inc (YHOO.O) is preparing to lay off several
hundred workers – source

– South Korea cuts 2009 export and import targets

– Thailand may expand stimulus package and increase
borrowing to boost confidence and deal with economic costs of
turmoil

MARKETS

– Asia stocks pulls back from six-month highs; MSCI index
of shares ex-Japan down 1.1 percent, Nikkei sheds 0.8 percent

– European futures point to a lower opening, weighed by
losses on Wall Street and in Asia

– Yen and the U.S. dollar gain as optimism about recovery
ebbs

– Oil hovers above $49 a barrel

QUOTES

“The realities of a still anemic housing market, extremely
weak and arguably worsening labor market conditions, and higher
credit costs have once again translated into the appalling
reality of consumers cutting back. ” – Lindsey Piegza, economic
analyst at FTN Financial in New York.

“What happens over the next few years, at least, is highly
uncertain. ” – Luci Ellis, the head of the Reserve Bank of
Australia’s Financial Stability Department. “Confidence in the
financial system remains fragile.”

DIARY

(all times GMT)

WEDNESDAY, April 15

WASHINGTON – Federal Reserve releases Beige Book survey of
U.S. economic conditions

(World Desk, Singapore +1 202 898 8482)