Archive - Nov 6, 2009 - Story

• RBS posts $3 billion Q3 loss as its trading desk in Stamford looks like a ghost town (AP)
• US stock futures drop after unemployment hits highest since 1983: mid-term election outcomes you can't really believe in (Bloomberg)
• Credit-card countdown: Higher rates abound (MarketWatch)
• El-Erian: How to fill the gaps left by the dollar decline (FT)
• Reilly: Bondholders extract revenge on fee-hungry bankers (Bloomberg)
• As expected, the SAC-insider trading scandal connection grows stronger (Reuters)

The ever increasing unemployed are buying Kindles to read all about their predicament.

Major deterioration in both categories, worse than estimates. Market not shooting up for some reason.

• Asian markets rise after Wall Street rallies on positive economic data; HK up nearly 2 pct.
• Australia's central bank raises growth forecast, strongly hints at more rate hikes.
• China blasts US anti-dumping tariffs on steel pipe imports ahead of Obama visit.
• China criticizes US over pipe duties, launches auto probe ahead of first Obama visit.
• China shares rise for sixth day on better corporate earnings, ending week up 5.6 percent.
• Congress passes economic package helping jobless, homebuyers.