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 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.
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.
Alrosa Set to Double Diamond Sales in India With $490 Million of Contracts ZAO Alrosa, the world’s largest
diamond company, will sign contracts to supply $490 million of
the stones to India in the next three years as it seeks to
double sales to the country.
Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit Greek hospitals, airports and
schools were shut and police scuffled with protesters as unions
staged the second general strike this year against government
budget cuts to curb the European Union’s biggest deficit.
Senate Negotiations Said to Advance on Consumer Division Powers, Oversight Senate negotiators closed in on a
deal for strengthening consumer financial protections, giving
bank regulators a role in rule-making and enforcement, two
Democratic Senate aides briefed on the talks said.
Putin Visits India in Race With U.S., Europe for Arms, Nuclear Agreements Russian Prime Minister Vladimir
Putin arrives in New Delhi tonight to fend off competition from
the U.S. and Europe to supply arms and nuclear energy to India.
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