Worldwide
China Inflation, Production Accelerate, Adding Pressure for Stimulus Exit China’s inflation reached a 16-
month high, industrial output climbed and new loans exceeded
forecasts, adding to the case for the government to pare back
stimulus measures.
BP to Pay $7 Billion for Devon's Assets in Gulf of Mexico, Brazil, Caspian BP Plc, Europe’s largest oil and
gas company, will pay Devon Energy Corp. $7 billion for assets
in Brazil, the Gulf of Mexico and Azerbaijan, adding fields that
may extend its production lead over Exxon Mobil Corp.
Metals, Oil Fall on China Inflation Surge; Yen, Dollar, Asian Stocks Rise Metals and oil dropped, while
the yen and dollar strengthened, after reports on Chinese
inflation, factories and loans raised concerns the government
would take steps to brake growth. Asian stocks advanced, led
by Japanese shares, on speculation the economy is recovering.
Naked Swaps Crackdown Threat in Europe Rings Hollow Without Obama Backing European politicians and regulators
could initiate a continent-wide ban on speculative trading of
sovereign credit-default swaps tomorrow. Making it stick without
the Americans won’t work.
Brown Tries to `Perversely' Benefit From U.K. Relapse Risk Before Election Gordon Brown is trying to turn the
threat of a double-dip U.K. recession into an advantage.
Corporate Bond Spreads at Narrowest This Year Attract GMAC: Credit Markets Corporate bond yields fell to the
lowest this year relative to benchmark government securities,
luring GMAC Inc. to sell its longest-maturity notes since 2004.
Greeks Brace for Protests, National Strike Over Papandreou's Budget Cuts Greece’s hospitals, airports and
schools were shut today as unions stage the second general
strike this year to protest Prime Minister George Papandreou’s
latest budget cuts to curb the European Union’s biggest deficit.
Food Recalls From Salmonella May Rise to 10,000 in Industry 'Wake-Up Call' Salmonella contamination at a
Nevada food-flavoring plant may trigger the recall of as many as
10,000 products, according to a Consumers Union scientist.
Abbas Demands Israel's Rejection of Jerusalem Building Plans Before Talks Palestinian Authority President
Mahmoud Abbas told the U.S. that holding indirect talks with
Israel “will be difficult” unless Israeli plans to construct
new homes in east Jerusalem are revoked.
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