Meanwhile it contrary with China Daily, the China’s government media, begin launching the England edition in USA. The China’s Government invest million dollars for expands to USA.

Qu Yingpu, the vice director of China Daily redaction said that this USA edition is focus for increasing the information about the business ways with China. The reason is now a day the USA investors still confuse about trick to invest business in China.

Credit Suisse Group and UBS AG, the two biggest Swiss banks had big loss related with the funds withdrawal in the large scale from their customer and the write off the last year asset problem. Credit Suisse Group reported that net loss for about 8.2 billion Swiss frank and withdrawal about tens billion Swiss frank.

Another bank, UBS AG state that the withdrawal reached 226 billion Swiss frank on 2008 than with placed from third party funds about 140 billion Swiss frank on last year. USB recorded the loss up to 19.7 billion Swiss frank. This is the biggest loss in the Swiss banking history.

Meanwhile, the USA government promise will help maximally the banking system and plan to give the capital for banking. Several big banks look need more help to defend. Unfortunately, these plans not get good response by the USA stock market. index in stock exchanges in Wall Street fall down into lowest point in the last twelve years.

The Denmark government policy takes over the Fionia Bank. That bank is the third banks that save by Denmark government because this finance matter.

Christine Lagarde, the France finance minister, recognize, that government will merger two biggest bank in France. There are Caisse d’Epargne and Banques Populaires. The government also will give the capital about 6.3 billion dollars to this merger bank.

US Crisis | Obama Tuesday Speech – Obama had his first speech in front of congress since he becomes a president last Tuesday. He said that USA would rise up from worst finance crisis since greatest depression on 19320 era.

Obama also convince that USA will rise up again and will recover. USA will present stronger than before, and his first speech greeted with applause from American people. Now please enjoy the video below.

Obama Tuesday Speech