Worldwide
JPMorgan, Citigroup Helped Cause Lehman's Collapse, Examiner's Report Says JPMorgan Chase & Co. and Citigroup
Inc. helped cause the collapse of Lehman Brothers Holding Inc.
by demanding more collateral and changing guarantee agreements,
a bankruptcy examiner said today in a report.
U.S. Stocks Gain as Health Care, Banks Send S&P 500 to Highest Since 2008 U.S. stocks rose, sending the
Standard & Poor’s 500 Index to the highest level since October
2008, as Citigroup Inc. led a bank rally and investors
speculated that health-care reform will be harder to pass.
Inflation Eroding China's Bank Deposits Signals Zhou Must Increase Rates China’s inflation rate outstripped
returns on household savings for the first time in 16 months,
making it harder for officials to damp rising expectations for
price gains.
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.
Japan May Cushion BOJ Balance-Sheet Contraction, `Preserve' Easing Options Japan’s central bank may seek next
week to counter a contraction of its balance sheet caused by the
month-end expiration of an emergency-credit program as deflation
persists in the world’s second-largest economy.
Dodd Ends Talks on Financial Overhaul, Says Bill to Include Corker's Ideas Senator Christopher Dodd, who today
ended three weeks of talks with Republican Bob Corker on
legislation to overhaul financial regulations, said elements
they worked out will be in the bill he introduces next week.
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.
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 Backing for Iran Sanctions, Saudi Arabia Help to Persuade China Defense Secretary Robert Gates said
the U.S. has enough support to make tougher sanctions work
against Iran and signaled that Saudi Arabia may try to persuade
its biggest oil customer, China, to go along.
FEEDBACK
HOME
