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.
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.
Obama Says Exports Are Key to U.S. Job Creation, Were Focus of Asian Trip President Barack Obama said he
focused much of his recent week-long trip to Asia on exploring
ways to increase U.S. exports and thereby create jobs.
Malaysia Economic Contraction Narrows on Stimulus, Boosting Asian Recovery Malaysia’s economy shrank the least
in three quarters as government stimulus boosted consumption and
the global recession eased, strengthening an Asian recovery.
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.
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.
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