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India Joins Russia, China in Questioning Dominance of U.S. Dollar Reserves Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars.

Indonesia May Raise Interest Rates in 2010 After One Final Cut This Year Indonesia may cut interest rates once more to stoke growth before faster inflation next year prompts policy makers to raise borrowing costs, economists said.

Asian Stocks Post Weekly Loss on Worsening Jobless Figures, Commodities Asian stocks fell this week, the second weekly decline in three, as government data showed job markets are worsening, stoking concern the global economy will recover soon.

Japanese Bonds Post Gain, Completing Third Weekly Advance as Stocks Drop Japanese bonds rose for a third week as Asian stocks extended a slide in global shares after the world’s biggest economy lost more jobs last month than economists forecast, spurring demand for government debt.

South Korea's Won Leads Advancing Asian Currencies as Export Slump Eases Asian currencies gained this week, led by South Korea’s won, as data indicated regional exports are improving as a global recession abates.

Hong Kong's Regulator Says Banks' Lehman-Bond Plan Is Unfair, SCMP Reports Hong Kong’s regulator said a proposal by the city’s banks to buy back notes linked to failed Lehman Brothers Holdings Inc. would be unfair to investors, the South China Morning Post reported today.

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Treasury Debt-Purchase Plan May Be Smaller Than Anticipated at $20 Billion The U.S. Treasury Department may begin its program to spur purchases of mortgage-backed securities from banks with about $20 billion in public and private money, down from as much as $100 billion when it was announced in March, two people familiar with the matter said.

Wiedeking Era at Porsche Runs on Fumes as Volkswagen Takeover Backfires Wendelin Wiedeking, hailed as “the man who outfoxed the market” by Fortune magazine in January, is fighting to save Porsche SE -- and his job -- as a strategy to take over Volkswagen AG unravels.

Australia Facing `Full Brunt' of Global Recession as Exports, Lending Drop Australia’s economy, which has so far skirted the global recession, may stall after reports showed exports dropped to a 14-month low, bank lending fell and home- building approvals declined by the most since 2002.

Ferrovial, Westfield Shift Cash to Conservatives as Brown's Support Wanes British units of companies including Grupo Ferrovial SA, Westfield Group and Deutsche Bahn AG are shifting cash to the Conservative opposition from the Labour Party as Prime Minister Gordon Brown’s popularity ebbs.

GM to Hold `Garage Sale' for Hazardous Plants, Golf Course, Parking Lots As General Motors Corp. prepares to sell its best assets to a streamlined new entity, the worst of what it owns will be auctioned off in bankruptcy court, including contaminated factory sites, parking lots in Flint, Michigan, and a nine-hole golf course in New Jersey.

Geneva Sees Opportunity in Bern's Predicament of Conceding on Bank Secrecy On a hot Saturday morning in May at the Rolle yacht club on Lake Geneva, Guy de Picciotto, chief executive officer of Switzerland’s Union Bancaire Privee, smears on sunblock as he rallies a professional, lycra-clad crew of six to race his 35-foot, $600,000 catamaran.