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 in cash for
assets in Brazil, the Gulf of Mexico and Azerbaijan.
HSBC Private Bank Says Data Were Stolen on 15,000 Accounts in Switzerland HSBC Private Bank (Suisse) SA says
it has suffered “serious data theft” affecting about 15,000
Swiss-based accounts. The bank said it doesn’t believe the
stolen data has, or will, allow any third party to access client
accounts.
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.
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.
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.
Greeks Brace for Protests, National Strike Over Papandreou's Budget Cuts Greece’s unions will shut down
hospitals, airports and schools today in the country’s second
general strike this year to protest Prime Minister George
Papandreou’s latest round of budget cuts to curb the European
Union’s biggest deficit.
Obama Vows to Curb Waste, `Massive' Insurer Subsidies to Fund Health Bill President Barack Obama made his
case for an overhaul of the U.S. medical system to Missouri
voters, emphasizing his efforts to curb waste and fraud in
government health programs.
British Airways Lurches Closer to Cabin Crew Strike as Union Talks Fail British Airways Plc’s 12,000 flight
attendants moved closer to a strike after talks with Europe’s
third-largest airline over pay cuts broke down.
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