- China's Yuan `Straitjacket' Risks Inflating Asset Bubbles as Growth Surges China is facing the biggest challenge to its currency policy since the start of the global recession as economists warn the peg to the dollar risks causing an asset bubble.
- Rajaratnam Arrest Jolts Sri Lanka From Stock Exchange to Tsunami Survivors About 60 Muslim fishermen and their families congregated in a community hall on Sri Lanka’s east coast to pray for Raj Rajaratnam after he was arrested for alleged insider trading at his New York hedge fund.
- Food Strike, Fatal Riots Hobble India's Push to Sell Car Parts to GM, Ford Prem Kumar’s demand for higher pay and better food at the cafeteria at the auto-parts factory where he works near New Delhi forced General Motors Co. and Ford Motor Co. to shut three plants on the other side of the world.
- Hated Investment Bank `Oligarchs' Scupper Moves to Split Lenders, Kay Says Investment bankers are wielding their political influence to override popular support for legislation to break up lenders’ trading and retail operations, economist John Kay said.
- Mayfly May Thwart $3 Billion in Coal Mined by Blowing Up U.S. Mountaintops Mayflies may seal the fate of mountaintop mining in the Appalachian hills of the eastern U.S.
- Playboy Said to Be in Talks on Sale to Iconix Brand Group; Shares Advance Playboy Enterprises Inc., the men’s magazine publisher, is in talks to sell itself to Iconix Brand Group Inc., according to two people close to the situation. Playboy’s stock jumped 42 percent.
- Wall Street Faces `Live Ammo' as Congress Tries to Dismantle Biggest Banks Seven Wall Street lobbyists trooped to Capitol Hill on Nov. 9, hoping to convince Representative Paul Kanjorski’s staff that his plan to dismantle large financial firms was a bad idea.
- 3Com Option Trades May Have Been More Than `Luck' Before $2.7 Billion Bid Analysts say good timing alone doesn’t account for trading in bullish 3Com Corp. options yesterday, which gained as much as 315 percent today.
- BAE Vies With Lockheed as Iran Threats Spark Weapons Spending by Neighbors Most of the world looks at Iran and perceives a growing nuclear threat. Its Persian Gulf neighbors are also focusing on what they call a dangerous conventional weapons buildup.
Bloomberg Daily News 13th November 2009
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