US regulators close six banks
The Federal Deposit Insurance Corp says six banks were seized on Friday, brinking the tally of failures to 130 this year as the bank industry suffers under the weight of deteriorating loans
China looks to amass distressed auto assets
The global financial crisis has catapulted China into poll position as the world’s largest auto market, and the financial strength of China’s carmakers has made them bidders of last resort for some of the western world’s favourite distressed auto assets
It’s bubbly all round but really, does anyone care?
In recent years, world markets have become so unstable that spotting and exploiting the next bubble has become the name of the game, writes Tony Jackson
Friendlier Obama tune on Cuba brings musical detente (Reuters via Yahoo! News)
Cuban musicians are returning to perform in the United States after a long freeze on such visits, seizing the opportunity of friendlier overtures toward Havana from U.S. President Barack Obama.
Bernanke faces battle on two fronts
If confirmed, the chairman may find himself at the helm of a much-changed central bank
US House votes to extend inheritance tax
The US House of Representatives voted to extend the estate, or inheritance, tax permanently, prompting criticism from conservatives, who want it abolished, and liberals, who want it restored to the higher rate that existed before George W. Bush came to office
Whistleblower challenges US court ruling
The whistleblower central to the US government’s drive to crack down on tax evasion in Switzerland has launched a challenge to have his prison sentence overturned
Clinton rejects Pak’s apprehensions over new Afghan policy (New Kerala)
Washington, Dec.5 : US Secretary of State Hillary Clinton has played down Pakistan’s apprehensions regarding President Obama’s revamped Afghan strategy,and said that Washington is committed to ending the trust deficit between countries.
Woods an asset even with ‘transgressions’
The media firestorm that followed Tiger Woods’ accident is hardly a narrative sponsors had in mind in return for investing about $100m a year in the golf superstar
(AFX UK Focus) 2009-12-04 23:31 U.S. senators line up amendments for health bill (Interactive Investor)
WASHINGTON, Dec 4 (Reuters) – The U.S. Senate is debating a sweeping healthcare overhaul backed by President Barack Obama. Senators are expected to consider dozens of amendments during the debate, which could run until Christmas, but are likely to vote on only a few. It is up to Senate Democratic Leader Harry Reid and Senate Republican Leader Mitch McConnell to work out an agreement on which …
Bush backer Chalabi now cozying up to Obama (MalaysiaNews.net)
Eli Lake BAGHDAD | Ahmad Chalabi, the Iraqi politician who successfully promoted the war that Barack Obama opposed as a presidential candidate, has sent the U.S. leader “sincere congratulations” for …
