This is what's in the news for Tuesday
April 3, 2012. The Wall Street Journal reports People's Bank of China
Gov. Zhou Xiaochuan says the world hasn't emerged from the financial
crisis, and cautioned the U.S. to take "more responsibility" for its
efforts to revive its economy through monetary easing. The Wall Street
Journal also reports the SEC is examining Groupon's (NASDAQ:GRPN)
revision of its first set of financial results as a public company,
sources say. Bloomberg reports potential downgrades of banks by Moody's
Investor Service, including Morgan Stanley (NYSE:MS) and UBS
(NYSE:UBS), could push more business to JP Morgan Chase (NYSE:JPM) and
Deutsche Bank (NYSE:DB). Bloomberg also reports Australian LNG projects
planned by companies from Royal Dutch Shell (NYSE:RDS.A) to Woodside
Petroleum (ASX:WPL), valued at about $100B, are at risk from rising
costs and cheaper U.S. exports. Finally, Reuters reports Google
(NASDAQ:GOOG) will continue to invest in China, focusing on increasing
its fast growing display and mobile advertising businesses, says the
company's APAC President Daniel Alegre
