Daily Highlights: 12.3.2010
- China calls for tighter monetary policy in 2011 as Beijing fights inflation.
- Euro steady at $1.3209 in morning European trading.
- Oil floats near $88 a barrel in Asia as economic indicators encourage hopes for stronger demand.
- Retail sales in eurozone rose 0.5% in October.
- Spain to approve measures to calm markets over bailout; may raise tobacco tax.
- Trichet pressures governments to fix the debt crisis as he buys them time to ax budget deficits.
- World stocks mixed on China’s economic policy.
- Google vows for tougher copyright enforcement.
- Hermes’ family shareholders to discuss ways they can sell stock without rival Louis Vuitton gaining control.
- Ikea sees fortune rise by $3B; tops Swiss rich list for 9th straight year.
- JPMorgan, Deutsche and Citigroup hire bankers as more strict capital rules reduce returns from investment banking.
- Nissan shows off Leaf electric car in Japan.
- Rio Tinto, Chinalco to explore for mineral deposits in China.
- Sunoco to sell $400M refinery.
- Toll Brothers posts 4Q profit, helped by a large tax benefit.
- Walter Energy to buy Western Coal.
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Data provided by Egan-Jones
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