UNITED STATES

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Retail sales surge on autos, manufacturing slows

U.S. retail sales grew more than expected last month as vehicle purchases bounced back, but non-auto sales rose modestly, suggesting consumers remained too cautious to drive a robust economic recovery.

IAEA sees risk Iran hiding more nuclear activity

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The United Nations' nuclear watchdog is concerned that Iran's belated revelation of a new uranium enrichment site may mean it is hiding further nuclear activity, an agency report said on Monday.
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Daily Forecast - 17/11/2009

With no local economic data released yesterday the Australian dollar bounced around between 0.9320 and 0.9350 for the majority of the Asian day searching for direction. The directionless trade continued well into the evening and throughout the European session only coming to life in North American exchange. Consumer Spending data out of the U.S surprised to the upside triggering a surge in demand for equities and riskier assets in general which benefited the Aussie dollar. At its peak the AUD/US...
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Thai Hana says Q4 demand 'surprisingly high'

Thai integrated circuit packager Hana Microelectronics Pcl said on Monday fourth-quarter net profit and revenue would be higher than a year earlier and profitability would improve next year.
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Gold hits record as dollar slips

Gold raced to a record high above $1,140 an ounce on Monday, gaining 2 percent as a weakened dollar boosted funds' risk appetite for investments across the board.
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Cisco ups Tandberg bid, expected to win approval

Cisco Systems Inc raised its bid for Tandberg ASA 10 percent to 19 billion Norwegian crowns ($3.41 billion), a move widely expected to win over shareholders of the video conferencing company.
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Stocks at 13-month highs as dollar slips

U.S. stocks rose on Monday to 13-month highs led by energy and materials shares even as Federal Reserve Chairman Ben Bernanke said the economic expansion probably will not be as robust as hoped.
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Fed's Bernanke watching dollar drop closely

The U.S. central bank is monitoring the declining value of the dollar closely as part of its commitment to both jobs growth and price stability, Federal Reserve Chairman Ben Bernanke said on Monday. In a rare commentary on the value of the dollar, Bernanke drew a link between its current weakness and inflation risks.
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Online gangs cash in on swine flu

Criminal gangs are making millions of dollars out of the H1N1 flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday.
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Bernanke says watching dollar drop closely

Federal Reserve Chairman Ben Bernanke said on Monday that the U.S. central bank was monitoring the declining value of the dollar closely, saying the Fed was committed to both jobs growth and price stability.
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Lowe's profit falls 30 percent

Lowe's Cos Inc , the second-largest U.S. home improvement chain, posted a 30 percent drop in quarterly profit on Monday as consumers put off big renovations while the U.S. housing market remained sluggish.
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EU carbon rises, ignores climate pact delay

European carbon emissions futures rose slightly on Monday, unaffected by confirmation from world leaders that a legally binding climate pact will be delayed until 2010 or later.
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IMF chief urges China to let yuan rise

A stronger yuan is part of the policy mix that Beijing needs to increase domestic consumption and help ease global imbalances, the head of the International Monetary Fund said on Monday.
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GM posts loss, to repay US, Canadian debt early

General Motors Co posted a quarterly loss on Monday but said stabilizing sales since its bankruptcy would allow it to begin paying down $8.1 billion in debt to the United States and Canada next month.
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Capital One, Discover credit card defaults lower

Capital One Financial Corp and Discover Financial Services reported credit card defaults fell in October, but delinquencies rose in a sign that consumers remain under stress and the sector can expect more pain ahead.

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