German reinsurance company Munich Re AG will not renew existing business or write any new business with insurance companies in Iran due to the political situation there, a spokesman said Friday. Excerpt from: Munich Re will not renew business with Iran (AP via Yahoo! News)

MANILA, Philippines – Non-performing loans of universal and commercial banks in December 2009 accounted for 2.97% of total loan portfolio. Original post: Bad loans ratio improves to pre-Asian crisis level (ABS-CBNNEWS.com)

Here’s what you must watch out for if you are claiming tax deduction on education loans. More here: Claiming tax deduction on study loans? Read this (rediff.com)

The Federal Reserve on Thursday took another step toward winding down its expansive efforts to prop up the financial system, raising the interest rate that banks must pay to take out emergency loans. Read more here: Fed raises interest rate on emergency loans to banks (Washington Post)

KUALA LUMPUR: WiMax player Asiaspace Sdn Bhd targets 60,000 subscribers for its its amaxAV mobile entertainment service which is slated to be launched late this year, said executive director Datuk Ismail Osman. Follow this link: Asiaspace eyes 60,000 subscribers for mobile entertainment service (The Edge)

The corporate leadership group Business Leaders for Michigan said that David Joos, president and CEO of CMS Energy, has been elected chair of its board of directors, succeeding David Brandon, who will step down from the post effective March 1 to become athletic director at the University of Michigan. View original post here: Joos to head board of business leaders group (Detroit Free Press)