Top Stories

Yen Strengthens to 14-Year High, Prompting Speculation Japan to Intervene The yen strengthened to a 14-year high against the dollar, climbing past 85 to the greenback and prompting speculation Japan will intervene in markets to preserve the nation’s export-led economic recovery.

Asian Stocks Fall on Dubai Debt Concern, Yen Strength; Obayashi, BHP Slump Asian stocks slumped, dragging the MSCI Asia Pacific Index down the most in eight months, on concern over losses stemming from Dubai’s attempt to reschedule its debt and as the yen strengthened against the dollar.

Fujii Says Japan May Contact U.S., Europe After Yen's Jump to 14-Year High Japanese Finance Minister Hirohisa Fujii said he may contact U.S. and European officials to act on currencies, amid concern the yen’s surge to a 14-year high will hamper the economic recovery.

Beijing Auto, Merbanco, Renco Said to Make Approaches About GM's Saab Unit Beijing Automotive Industry Holding Co., Merbanco Inc. and Renco Group Inc. have made approaches about General Motors Co.’s Saab unit after a sale to Koenigsegg Group collapsed, two people familiar with the situation said.

Japan's Unemployment Rate Unexpectedly Falls to 5.1% as Economy Recovers Japan’s unemployment rate in October unexpectedly fell for a third month, a sign that the worst may be over for the labor market.

San Miguel Directors May Lead Takeover After $1.36 Billion Stake Purchase San Miguel Corp. Directors Inigo Zobel and Roberto Ongpin may lead a takeover offer for the Philippines’ biggest food and beverage maker after paying 64.3 billion pesos ($1.36 billion) for a 28 percent stake.

Exclusive

Abu Dhabi Commercial Bank Is Said to Be Owed $1.9 Billion by Dubai World Abu Dhabi Commercial Bank PJSC may be owed $1.9 billion by Dubai World, making it the largest creditor outside the emirate to the state company seeking to reschedule debt, said two people familiar with the companies.

Dubai Shows Limits of Government Bailouts for Markets, Roubini's Das Says The worldwide decline in equities spurred by Dubai’s efforts to reschedule its debt is a sign that government spending alone won’t be enough to protect financial markets, according to Arnab Das of Roubini Global Economics.

Credit-Default Swap Reforms Roiled as Aiful, Cemex, Thomson Test Payments Wall Street’s system for determining payments on derivatives linked to the debt of defaulted companies is showing cracks less than a year after securities firms changed practices to avoid “Draconian” regulation.

Spanish Bullrings, Fake Eiffel Towers Can't Prevent 20% Unemployment Rate Bullrings and fake Eiffel Towers may not be enough to hold back the tide of surging unemployment in Spain, Europe’s one-time engine of job growth.

Germany's Top Nazi-Hunter Finds `Best Break' in Years in Brazilian Archive German investigators trying to track down Nazi criminals before they die may have had their “best break” in years after discovering a trove of Brazilian immigration files more than half a century old.

Nakheel Bonds Plunge on Dubai Request to Reschedule Payments: Chart of Day Bonds sold by Nakheel PJSC, a real- estate developer controlled by Dubai, plunged more than 50 percent after the Gulf state sought to delay debt payments.