Worldwide
Janet Yellen Said to Be Obama Pick for Fed Vice Chairman to Replace Kohn Federal Reserve Bank of San
Francisco President Janet Yellen is President Barack Obama’s
pick for vice chairman of the central bank in Washington, two
people with knowledge of the selection process said.
Junk Bonds Beating Investment Grade as TXU, Freescale Soar: Credit Markets High-yield, high-risk bonds are
beating investment-grade debt for the first time this year as
confidence in the U.S. economic recovery gains strength.
Inflation Eroding China's Bank Deposits Signals Zhou Must Increase Rates China’s accelerating inflation has
started to erode household savings, threatening to spur
purchases of property and stocks and fuel asset-price pressures.
JPMorgan, Citigroup Helped Cause Lehman's Collapse, Examiner's Report Says JPMorgan Chase & Co. and Citigroup
Inc. helped cause the failure of Lehman Brothers Holdings Inc.
by demanding more collateral and changing guarantee agreements,
according to a court-ordered report on the biggest bankruptcy in
U.S. history.
Hong Kong Property Prices Set for `Another Good Year,' Sun Hung Kai Says Hong Kong’s home market may see
“another good year” in 2010 as buyers remain financially sound,
according to Sun Hung Kai Properties Ltd., the world’s biggest
developer by market value.
Pandit Says He `Wouldn't Be `Surprised' If Treasury Weighing Sale of Stake Citigroup Inc. Chief Executive
Officer Vikram Pandit said the U.S. Treasury Department will be
free to sell its 27 percent stake in the bank starting next week
and that he “wouldn’t be surprised” if the government were
considering a sale.
Gates Sees Saudi Help, International Support for Tougher Sanctions on Iran Defense Secretary Robert Gates said
yesterday the U.S. has enough backing from other nations to make
tougher sanctions work against Iran and signaled that Saudi
Arabia may try to persuade China, its biggest oil customer, to
go along.
Thai Protesters Aim for Million-Person March to Challenge Abhisit's Rule Thai protesters are set to gather
on Bangkok’s streets today in their biggest challenge to Prime
Minister Abhisit Vejjajiva’s 15-month-old government, risking
clashes that may hamper the economic recovery.
Malaysian Opposition Leader Anwar Targets Ruling Party Stronghold in Johor Malaysia’s opposition leader Anwar
Ibrahim said he is targeting the ruling party stronghold of
Johor along with Sabah and Sarawak to boost support for his
three-party coalition before a general election that he expects
may come next year.
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