Investors may have to do some emotional juggling as the trading week begins. While markets around the world continue to assess the fallout from Dubai’s worrisome debt problems, investors trying to get a handle on the global economy will also factor in some encouraging U.S. retail sales over the Thanksgiving weekend.
Meng Ni and Fan Zhiqing said “I do” to each other in the same month that they said “we do” to their real estate agent. China is in the midst of a golden age of weddings, a boon for businesses from photo studios to global platinum miners.
Investors may have to do some emotional juggling as the trading week begins. While markets around the world assess the fallout from Dubai’s worrisome debt problems, investors trying to get a handle on the global economy will also have to factor in some encouraging U.S. retail sales over the Thanksgiving weekend.
The United Arab Emirates has pledged to stand behind foreign and domestic banks in the country, offering additional money while extolling the strength of the Gulf nation’s financial sector as world markets brace for a potential day of reckoning Monday over Dubai’s crushing debt.
Students aren’t the only ones benefiting from the billions of new dollars Washington is spending on college aid for the poor.
Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market’s path to glory is fraught with peril this week.
Federal Reserve Chairman Ben Bernanke is expected to face tough questioning during a reappointment hearing this week, and one senator already says he won’t support another term for the Fed chief.
The United Arab Emirates’ central bank said Sunday it would offer additional liquidity to banks, signaling a push by the federal government to reassure investors worried about the country’s banking sector and its exposure to Dubai’s crushing debt.
War is expensive, and it’s about to get more so if the U.S. government escalates its military efforts in Afghanistan.
Swiss bank UBS is threatening to move its headquarters out of Switzerland if the authorities impose too many new regulations in the wake of the global financial crisis, Swiss weekly paper Sonntag CH said.
