Can Europe save the euro?
New problems in Ireland and Greece have renewed worries about the Old World and its currency. Here’s a look at what’s at stake — and how investors can play the euro’s woes.
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Ringgit dips against US dollar
THE ringgit closed lower against the US dollar yesterday as investors were concerned over uncertainty in the global markets, dealers said. At 5pm, the local currency was quoted at 3.1620/1650 compared with Monday’s close of 3.1500/1550.
Read more on Business Times
Trio Plead Guilty In Counterfeit Money Conspiracy
Three Upstate men, Terrance B. Tolliver, 43, of Greer, Ivan R. Padgett, 47, of Spartanburg, and Christopher D. Dewberry, 41, of Cowpens, pled guilty Tuesday in federal court in Anderson to conspiracy to keep and pass counterfeit currency.
Read more on WSPA Spartanburg
‘Insane’ Rates Spur Mantega to Gut BNDES Funding: Brazil Credit
Brazil plans to cut funding for its state development bank by 50 percent next year in an effort to bring down the world’s second-highest inflation-adjusted interest rates.
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Comcast in dispute over Netflix downloads
Comcast demands higher fees from Level 3 for Netflix movie downloads.
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Petronas to Pay $9.5 Billion Dividend as Output Falls
Malaysian state oil company Petroliam Nasional Bhd. will pay the government a dividend of about 30 billion ringgit ($9.5 billion) this fiscal year and focus investment on extending the life of the nation’s reserves, Chief Executive Officer Shamsul Azhar Abbas said.
Read more on BusinessWeek
The Euro Is Forever, and Here’s Why
The cost to any country of leaving the euro zone would be so high, and the damage that an exit would inflict so great, that no government would rationally choose to secede, or to push another out.
Read more on New York Times
Vix rival touted by Merrill for fear trades
Bank of America Merrill Lynch introduces its Global Financial Stress Index which it says should predict volatility better than the Chicago Board Options Exchange’s Volatility Index (TICKER:VIX), also known as the VIX.
Read more on Market Watch
ETF Data Daily: SPY Collects $1.79 Billion
SPY collects $1.79 billion on Friday, Nov.
Read more on IndexUniverse.com via Yahoo! Finance
Highlights: Prime Minister Cowen announces Irish bailout
Following are highlights from Irish Prime Minister Brian Cowen’s announcement of a bailout loan package agreed with the IMF and European Union.
Read more on Reuters via Yahoo! News