Worldwide
Janet Yellen Said to Be Obama Pick for Fed Vice Chairman to Replace Kohn Federal Reserve Bank of San
Francisco President Janet Yellen is President Barack Obama’s
pick for vice chairman of the central bank in Washington, two
people with knowledge of the selection process said.
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.
Japanese Stocks Rise on Speculation BOJ Will Loosen Policy, Yen Weakening Japanese stocks rose as the yen
weakened on speculation the central bank will loosen monetary
policies.
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.
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.
Goldman Sachs Internal Hedge Fund Head Flamand Said Leaving to Start Firm Pierre-Henri Flamand, the head of
Goldman Sachs Group Inc.’s largest internal hedge fund, is
retiring from the world’s most profitable securities firm to
start a hedge fund, according to three people with knowledge of
his plans.
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 Saudi Help, International Support for Tougher Sanctions on Iran Defense Secretary Robert Gates said
yesterday the U.S. has enough backing from other nations to make
tougher sanctions work against Iran and signaled that Saudi
Arabia may try to persuade China, its biggest oil customer, to
go along.
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