UNITED STATES

PREVIEW-U.S. Nov auto sales to show slow recovery

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Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.
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Obama sets new Afghan strategy

President Barack Obama on Monday was prepared to announce he will deploy about 30,000 more U.S. troops to Afghanistan as part of a new strategy that will stress a U.S. intention to ultimately exit the country.
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Daily Forecast - 1/12/2009

The Aussie dollar firmed in local trade yesterday with local equity markets recouping some of Friday's large losses.
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Chelsea Clinton engaged to longtime boyfriend

Chelsea Clinton, the daughter of former U.S. President Bill Clinton and current Secretary of State Hillary Rodham Clinton is engaged to Marc Mezvinsky, the couple confirmed on Friday.
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UK to send 500 extra troops to Afghanistan

Britain will send 500 more soldiers to Afghanistan in December as part of a broader surge in NATO-led troop levels to tackle worsening violence and train Afghan forces, Prime Minister Gordon Brown said on Monday.
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Stocks dip with retailers on spending worries

Stocks inched lower on Monday with retail shares down after Black Friday and data suggesting weak holiday sales, while data showing expansion in business activity in the Midwest helped to limit losses.
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CO2 trade pointless versus China growth-trader

Trade in permits to pollute is largely pointless when compared with the scale of growth in greenhouse gases in China and must be scaled up, one of the carbon market's most senior traders said on Monday.
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6 Great Cities to Soak in That Christmas Atmosphere

Ever had the dream of spending a magical white Christmas on a reindeer sleigh? Admit it, we all have. Sleigh bells ringing, frolicking in frosty snow and the smell of pine trees - it's all part of our childhood fantasy. Forget about commercialized Christmas tunes and last-minute Christmas sales, here are 6 cities that could just make your Christmas dream come true.
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ICE and NYMEX: two oil titans battling to win

NYMEX introduced ASCI contracts earlier this month and said it will launch a physically-deliverable U.S. Gulf sour crude contract early in December. Around the same time, the ICE will launch cash-settled futures contracts tracking ASCI on December 7.
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Black Friday sales disappoint investors

Investors took a dim view of holiday retail sales after a weak Black Friday weekend, with Amazon.com Inc one of the few stocks to rise on hopes it was gaining a greater share of consumer spending.
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U.S. November auto sales to show slow recovery

Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.
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U.S. banks have recognized most credit losses: Goldman

U.S. banks have already recognized two-thirds of an estimated $2.1 trillion to $2.6 trillion in credit losses, but prime mortgage and commercial real estate would contribute more to the remaining losses, Goldman Sachs said.
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November factory activity seen decelerating

The U.S. manufacturing sector is expected to have grown but at a slower pace in November in a still fragile recovery from the longest recession in decades, according to a Reuters' poll of economists.
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Honduras vote winner calls for foreign recognition

The winner of Honduras' controversial election called on Latin American governments on Monday to recognize him as president-elect to help pull the country out of a deep political crisis since a coup
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Dubai debt worries linger, Gulf stocks suffer

Dubai's government said on Monday it was not responsible for the debts of its flagship conglomerate, offering little clarity on a plan to delay billions in debt repayments that has rattled world markets.
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Stocks drop on holiday spending worry

U.S. stocks fell on Monday as investors worried that the holiday shopping season might have gotten off to a tepid start as consumers trimmed purchases over the Thanksgiving Day holiday amid concerns about an uncertain economy.
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Serena Williams gets $82,500 record fine for US Open outburst

Tennis star Serena Williams received a record fine of $82,500 for her outburst at this year's US Open and could face suspension from the tournament if she has another major offense in the upcoming two years the Grand Slam committee said Monday.

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