Asia
Asian Stocks, Currencies Rise on Optimism Dubai World Losses Won't Spread Asia stocks and currencies rose as
the United Arab Emirates pledged support for its banks, easing
concerns that losses from Dubai World will spread. Treasuries
and the cost of protecting corporate debt fell.
First Chinese Consumer-Linked ETF Set to Debut in New York, Global X Says The first exchange-traded fund
linked to Chinese consumer companies will begin trading in New
York tomorrow as the world’s third-biggest economy boosts
domestic demand, said Global X Management Company LLC.
Australian Central Bank May Raise Key Rate for Record Third Month to 3.75% Australia’s central bank will raise
its benchmark interest rate by a quarter percentage point today
for a record third straight month as evidence mounts that the
nation’s economy is strengthening, economists say.
Hatoyama May Press Bank of Japan to Increase Money Supply After Yen Surge The yen’s surge to a 14-year high
and renewed deflation may prompt Japanese Prime Minister Yukio
Hatoyama to press the central bank to take further steps to
support growth.
Thailand's Central Bank Said to Seek $1 Billion Selling Stake in Siam City Thailand’s central bank plans to
approach potential buyers including Standard Chartered Plc and
Australia & New Zealand Banking Group Ltd. this week for a stake
in Siam City Bank Pcl and is seeking about $1 billion, said two
people with knowledge of the matter.
Shirakawa Pledges Action Against Deflation as Output Slows, Wages Decline Bank of Japan Governor Masaaki
Shirakawa said he agrees with the government that the nation is
in deflation, pledging to take action if needed to ensure
economic stability.
Wuhan Steel Plans to Pay $400 Million for Stake in Brazil's MMX Mineracao Wuhan Iron & Steel Group, China’s
third-biggest steelmaker, agreed to pay $400 million for a stake
in Brazil’s MMX Mineracao e Metalicos SA to broaden its supply
of iron ore.
Lyxor Says It May Invest More in Japan Hedge Funds, Sees Stocks Rebounding Lyxor Asset Management, an investment
arm of Societe Generale SA, said it may start investing more in
Japanese hedge-fund managers next year as it expects a rebound
after the recent sell-off in the country’s stock market.
New Zealand's Economy Will Recover as Spending, Trade Rise, Institute Says New Zealand’s economy is likely to
grow in 2010, buoyed by consumer spending and global demand for
exports, according to the New Zealand Institute of Economic
Research Inc.
China Stocks to Rebound as Economy Strengthens, Mirae Asset, Citigroup Say Chinese stocks will rebound from
their worst week in three months and keep rising next year as
the strengthening economy lures more funds from overseas,
Citigroup Inc. and Mirae Asset Global Investments Co. said.
Obama's Afghanistan Speech Will Discuss Costs, Limits of U.S. Involvement President Barack Obama will tell the
public tomorrow how the U.S. will pay for his new strategy to
stabilize Afghanistan and that there are limits to American
involvement there, said his spokesman, Robert Gibbs.
Pakistan Rejects U.K. Call to Do More to `Break' Al-Qaeda, Find Bin Laden Pakistan rejected U.K. demands that
it must do more to “break” the al-Qaeda terrorist network and
said Britain should share intelligence if it knows the
whereabouts of Osama bin Laden.
Rudd's Climate-Change Bill May Fail, Leaving Him Empty Handed for Obama Australian Prime Minister Kevin
Rudd’s climate-change legislation faces a test this week as the
Senate resumes debate and a rift in the Liberal Party leadership
threatens to push a vote into next year.
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