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U.S. shoppers hit Black Friday sales with pared budgets

Americans headed to department stores in droves in the dead of night on Friday to kick off the holiday shopping season, though many said they had pared back how much they would spend on family members and on themselves.

Asian shares skid on Dubai worries

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Asian stocks slumped on Friday as the Dubai-debt shockwaves hit the region, shaking banking shares and pushing the yen to a fresh 14-year high against a struggling dollar as investors unwound risky trades.

Japan mired in deflation, dollar/yen adds to pain

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Japanese consumer price index excluding volatile food and energy prices slid in the year to October at the fastest rate since 2001 with increasing signs that weak demand is weighing on prices, while a tumbling dollar adds to price pressures.
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Dubai struggles to ease debt default fears

Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a center for investment and a source of capital.
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Congress 'studying' hacked Global Warming emails

U.S. congress has begun investigating climate scientists whose emails and documents were hacked into to see if their global warming theories have misrepresented the truth behind the cause of climate change.
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South Korea launches WTO dispute against U.S.

South Korea has launched a dispute at the World Trade Organization against the United States over U.S. measures to raise prices on imports of steel, a South Korean embassy official said on Thursday.
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Dubai debt fears hammer stocks

Debt problems in Dubai hit financial markets across the board on Thursday, sinking global stocks, helping lift safe-haven bonds and taking the dollar up from a 14-year low against the yen.
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One year after, India remembers Mumbai attacks

Mumbai held tearful memorials and police staged a show of strength on Thursday as India's financial hub marked the first anniversary of militant raids that killed 166 people and ratcheted up tensions with Pakistan.
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German military chief resigns over Afghan air strike

The head of the German armed forces Wolfgang Schneiderhan has resigned over reports the military withheld information about a September 4 air strike in Afghanistan believed to have killed dozens of civilians.
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IAEA to vote on demand Iran freeze new nuclear site

World powers are demanding that Iran immediately mothball a uranium enrichment site it hid for years, heightening fears it is planning to build atom bombs, in a resolution to be voted on by U.N. nuclear watchdog governors.
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China unveils carbon target ahead of Copenhagen

China has unveiled its first firm target to curb greenhouse gas emissions, laying out a carbon intensity goal on Thursday that Premier Wen Jiabao will take to looming climate talks as his government's central commitment.
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Dollar up from 14-yr low vs yen; Dubai supports

The dollar rebounded from a 14-year low against the yen on Thursday as traders betting against the dollar seized on the broad risk reduction prompted by Dubai's debt problems to cash in on its recent slide.
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Dubai debt worry stirs cautious investors

Debt problems in Dubai weighed on stocks, helped lift bonds and stirred currency trades on Thursday, as the dollar hit a 14-year low against the yen and gold climbed to a new record high.
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Iraq to counter lies, show successes via YouTube

Iraq's government launched its first channel on Google Inc's video website YouTube on Wednesday, which the prime minister said would allow the country to counter media lies and showcase its successes.
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BHP denies Rio backsliding on iron ore tie-up

Global miner BHP Billiton dismissed talk on Thursday that rival Rio Tinto was baulking at a proposed $116 billion joint venture in iron ore, insisting the two were close to a binding agreement.
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Toyota to fix gas pedals on 4 million vehicles

Toyota Motor Corp will fix the accelerator pedals in 4 million cars and trucks to address a safety issue linked to bursts of sudden acceleration and deadly accidents, the company and the U.S. government said on Wednesday.

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