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Brutal year for financial and resource mutual funds (The Globe and Mail) Even some bond funds lost money in 2008, Globefund says | Brutal year for financial and resource mutual funds (The Globe and Mail) All stock and balanced funds lost money in 2008, but those targeting the financial services and natural resources sectors got hit the hardest, according to preliminary figures released Monday by Globefund. | China Asset Management Expects Market to Perform Better in 2009 (Bloomberg) Jan. 6 (Bloomberg) -- China’s stock market performance will be better in 2009 than last year as the government seeks to bolster the economy, said China Asset Management Co ., the nation’s largest fund manager. | A disastrous year for equity funds, Morningstar data show (CNW Group via Yahoo! Finance) Equity funds in Canada had one of their worst years ever in 2008, as markets around the world braced for what could be a painful recession. All of the Morningstar Canada Fund Indices that track either equity or balanced fund categories had negative returns for the year, according to preliminary performance data released today by Morningstar Canada. | In China, Bush nostalgia (Asia Times) HONG KONG - Bush-bashing - that thriving international industry which over the past eight years has crossed borders, cultures, races and the economic divide - will lose most of its sporting appeal when US President George W Bush hands over to his successor, Barack Obama, on January 20. | Alcoa to Slice 13% of Work Force Amid Tough Economy (Fox News) Alcoa (AA), one of the world’s biggest aluminum companies, announced Tuesday afternoon that it plans to cut 13% of its global work force, or more than 13,500 employees, in addition to other steps taken to help it weather a global recession. | Auto makers look to Mexico (The Globe and Mail) And, what happens to CPP, OAS payments if consumer price index actually declines |
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