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.
Yen Erases Losses on Speculation China Will Take Credit Tightening Steps The yen erased earlier declines
against the euro and the dollar on speculation China will take
extra measures to slow its economy, boosting demand for the
safety of Japan’s currency.
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.
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.
Health-Care Bill Faces New Hurdle After Ruling Hinders Quick Passage Plan Republicans said the Senate
parliamentarian threw up a hurdle to congressional Democrats’
plans to pass changes to U.S. health-care legislation through a
process called reconciliation.
India's Stalled Arms-Buying System Leaves Its Military Outgunned by China India, which has tripled its
defense spending in a race against China’s military buildup, is
having trouble converting the funding into weapons and equipment
its military says are urgently needed.
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.
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