More Breaking News
IMF Says Dollar Funding ‘Carry Trade,’ May Still Be Overvalued The International Monetary Fund said
traders are probably using the dollar to fund “carry trades”
across the world and the currency may still be overvalued even
after its slide this year.
G-20 Outline Plan for Balanced Growth, Discuss Financial Tax Group of 20 finance chiefs outlined a
timetable to rebalance the global economy and discussed taxing
financial trades as part of a broader strategy to prevent a
repeat of the worst crisis since the Great Depression.
Democrats Get Deal on Abortion Ahead of Health Debate (Update1) House Democrats moved to clear one
of the last hurdles to a historic debate on legislation to
overhaul the U.S. health system, agreeing to a demand by 40
lawmakers to allow a vote on restricting funds for abortion.
Brown Says G-20 Should Consider Tax on Speculation (Update1) U.K. Prime Minister Gordon Brown said
the Group of 20 nations should consider measures such as taxing
financial transactions to penalize excessive risk taking and
limit the burden on taxpayers of bank failures.
U.S. Stocks Gain as Manufacturing, Home Sales Surpass Forecasts U.S. stocks rose, halting a two-week
retreat, after worker productivity, manufacturing and home sales
beat economists’ projections and Warren Buffett’s Berkshire
Hathaway Inc. made its biggest purchase.
Obama Pays Tribute to Soldiers, Civilians in Fort Hood Shooting President Barack Obama paid tribute
to the soldiers and civilians of Fort Hood, Texas, who rushed to
the aid of fallen comrades amid a deadly shooting spree that he
called “a crime against our nation.”
Darling Urges G-20 to Maintain Stimulus to Cement Recovery U.K. Chancellor of the Exchequer
Alistair Darling urged the Group of 20 nations to maintain
stimulus measures for their economies to cement a recovery from
the worst recession in six decades.
Police Boost Security Ahead of Dalai Lama’s Visit (Update1) Indian police stepped up security in
the border town of Tawang on the eve of the Tibetan spiritual
leader Dalai Lama’s trip to Tawang, where he first crossed into
exile 50 years ago. The visit has raised tensions with China.
European Stocks Resume Gains; Swiss Re, Adidas, Delhaize Rise European stocks rebounded from a one-
month low as better-than-expected earnings at companies from
Swiss Reinsurance Co. to Delhaize Group SA fed investors’
expectations a seven-month rally will go on.
Codelco Raises Japan, Korea Copper Charges for 2010 (Update2) Codelco, the world’s biggest copper
producer, will raise the surcharge on sales to Japan and South
Korea by as much as 16 percent next year as demand from China
lifts metal prices.