- K. Retailers Avoid Christmas `Armageddon' Repeat With Fewer Discounts A year after swaths of panic price cuts led to a Christmas “Armageddon” for U.K. retailers, Britons may find it harder to get a bargain before the holiday.
- Hitachi Bullet Train to Challenge France's Record-Setting TGV on Home Turf Hitachi Ltd., maker of the 186 mile per hour (300 kph) Bullet Train, will bid against the French- built TGV on its home soil as the Japanese company targets a European rail market that’s the biggest in the world.
- Vale, Alcoa Consider Building Colombia Aluminum Smelters on Price Rebound Vale SA and Alcoa Inc. may build aluminum smelters in Colombia, requiring investments of more than $2 billion per plant, once prices for the metal rebound, Energy and Mining Minister Hernan Martinez said.
- Black Market Signals Vietnam's Dong Devaluation Is Just Start of Weakening Vietnam, struggling to control accelerating inflation and a widening trade deficit, will keep weakening the dong after devaluing the currency for the first time since December, black-market rates and forwards show.
- Patron's Tequila to Push Autos and Beers Off `Blockbuster' U.S. Billboards Patron Spirits International, which outspent all other U.S. liquor brands on marketing last year, plans to grab more “blockbuster” billboards, ousting auto, phone and beer ads to catch up with tequila rival Jose Cuervo.
- UBS, Ernst & Young Facing Luxembourg Test Cases Over Madoff-Linked Funds UBS AG and Ernst & Young LLP may face hundreds of damages claims if investors who lost millions of dollars in mutual funds linked to Bernard Madoff’s Ponzi scheme win a group of Luxembourg test cases.
- ECB Said to Debate Putting Adjustable Interest Rate on 12-Month Loans European Central Bank officials are debating whether to put an adjustable interest rate on December’s 12-month loans, with some saying it risks being interpreted as a signal they will tighten monetary policy in 2010, according to people familiar with the discussions.
- Ambani's $12 Billion LyondellBasell Bid Mimics Valero, Tosco Expansions Reliance Industries Ltd.’s bid for bankrupt LyondellBasell Industries AF would give India’s biggest company a low-priced U.S. refinery, mimicking successful strategies by Valero Energy Corp. and the former Tosco Corp.
- It's Time to Buy Commercial Property in Britain, Edinburgh Strategists Say First it was corporate bonds, then stocks. Now it’s time to buy commercial real estate in the U.K., according to strategists in Edinburgh advising on about 400 billion pounds ($663 billion) of assets.
Bloomberg Daily News 26th November 2009
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