Economy
Consumer Spending, Home Sales Probably Rose as U.S. Recovery Takes Root Consumer spending probably rebounded
in October, showing that mounting unemployment is restraining,
not derailing, the biggest part of the U.S. economy, analysts
said before reports this week.
Bills Yielding Zero as Stocks Soar Give Investors Bernanke Moment of 1938 For the first time in seven decades,
Treasury bills are paying no interest while stocks continue to
appreciate -- a divergence in U.S. financial markets that might
be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t
know all about 1938.
Pakistanis Pay Economic Toll as Regrouping Taliban Threaten to Widen War Taliban fleeing a Pakistani
offensive are regrouping in the country’s northwest, threatening
to spread and prolong a conflict that has strained the nation’s
economy and may hamper efforts to attract foreign investment.
Dubai Ruler Removes Aides in Effort to Court Investors Ahead of Bond Issue Dubai ruler Sheikh Mohammed Bin
Rashid Al Maktoum fired one senior aide and removed three others
from the board of Dubai’s main holding company as the debt-laden
emirate tries to secure a second $10 billion injection of funds.
British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips A year ago, as Britain’s property
market began to collapse, housebuilder Persimmon Plc owed 960
million pounds ($1.6 billion). Today, Chief Financial Officer
Michael Killoran has slashed that debt by 58 percent.
New Zealand Annual Immigration Accelerates to Highest Level in Five Years New Zealand’s annual immigration
growth accelerated to the highest level in more than five years
in October, adding to signs consumer spending and demand for
housing may speed the economy’s recovery from a recession.
Brown, Cameron to Set Out U.K. Spending Plans as Conservative Lead Narrows Gordon Brown and David Cameron will
offer business leaders rival views of how to return the U.K. to
economic growth after a poll showed the gap between their
parties at its narrowest this year.
Hungary May Cut Key Interest Rate to 3-Year Low on Recession, Inflation Hungary’s central bank will probably
cut the benchmark interest rate to the lowest in more than three
years today to speed the country’s recovery from its worst
recession in 18 years, which helps keep inflation in check.
New Zealand's Consumer Confidence Declined in November, Hampering Recovery New Zealand consumer confidence
declined for the first time in five months in November,
hampering the economy’s recovery from a recession.
Norway to Phase Out Stimulus to Avoid Krone Surge, Finance Minister Says Norway must remove government
stimulus or risk faster interest-rate increases that would
strengthen the krone and stifle an export recovery, Finance
Minister Sigbjoern Johnsen said.
Bullard Says Fed's Independence Vital to Stable Prices, Economic Recovery The Federal Reserve must retain its
independence in setting monetary policy to contain the threat of
inflation and avoid impeding the economic recovery, Federal
Reserve Bank of St. Louis President James Bullard said.
Fed Makes Monitoring Capital Adequacy Foremost Concern Amid Talk of Bubble Federal Reserve officials are
stepping up scrutiny of the biggest U.S. banks to ensure the
lenders can withstand a reversal of soaring global-asset prices,
according to people with knowledge of the matter.
Fed's Shield Against Interest-Rate Audits Takes Blow as Paul Bill Advances The Federal Reserve’s shield from
congressional audits of interest-rate decisions took a blow from
lawmakers who want to open the central bank’s books to greater
congressional scrutiny.
SYMBOL LOOKUP
HOME
