Worldwide

Financial News

Stocks in Europe Drop for Third Week in Longest Losing Streak Since March European stocks dropped for a third straight week, the longest stretch of losses since March, as concern mounted that the economy won’t recover soon.

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.

Dollar Gains as Signs Economic Recovery Faltering Spark Demand for Safety The dollar rose against the euro this week as speculation the economic recovery is faltering boosted demand for the safety of the U.S. currency.

GM Says Beijing Auto Submitted Bid for Opel as Talks With Magna `On Track' General Motors Corp. said Beijing Automotive Industry Holding Co. submitted an offer for its Opel division, giving the bankrupt U.S. automaker more options in the event negotiations with Magna International Inc. fail.

ThyssenKrupp Said to Abandon Sale of Unit After Potential Buyers Pull Out ThyssenKrupp AG, Germany’s largest steelmaker, scrapped the sale of an industrial services unit as part of a 1 billion-euro ($1.4 billion) disposal of assets after buyers pulled out, people familiar with the situation said.

China Needs to Boost Consumer Spending for Sustained Rebound, Adviser Says China needs to promote domestic consumption to make up for weak global demand because its economic recovery isn’t firm, a government researcher said.

Saudi Arabia Stocks Fall, Led by Sabic, Al-Rajhi; Qassim Gains on Dividend Saudi Arabian shares dropped as the trading week began, led by Saudi Basic Industries Corp. and Al- Rajhi Bank, after stock indexes in the U.S. and Europe recorded their third weekly decline.

General News

Palin's Abrupt Resignation Sparks Debate About Governor's Political Future Sarah Palin’s abrupt announcement that she was resigning as Alaska’s governor left observers speculating about a future for her that could range from a 2012 White House bid to political oblivion.

Ahmadinejad Accuses Western Nations of Steering Iran Opinion Over Election President Mahmoud Ahmadinejad condemned Western efforts to “divert” Iranian public opinion during protests over his disputed June 12 re-election.

Biden Says Iraqi Officials Are Concerned They Aren't High U.S. Priority Vice President Joseph Biden said Iraqi officials are concerned that Iraq isn’t one of President Barack Obama’s top priorities as his administration deals with other pressing foreign policy issues.

World Equity Indexes 

Futures 

World Currencies 

Rates & Bonds 

Economic Calendar