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Germany warns US on market bubbles
Germany’s new finance minister has echoed Chinese warnings about the growing threat of fresh global asset price bubbles, fuelled by low US interest rates and a weak dollar
Army beckons in hard times
Aided by the economic downturn, this year marked the Pentagon’s best recruiting effort since 1973, when the US military became an all-volunteer force
Long View: Fears of US double-dip recession
Government props are still essential, not least in the housing markets. Sustaining these is not easy, writes Aline van Duyn
Block on Minsheng deal costs US $1.7bn
US authorities blocked Minsheng, the Chinese bank, from acquiring a Californian lender in a deal that could have saved almost $300m of taxpayers’ money and $1.4bn from an industry insurance fund, say people familiar with the matter.
House vote puts focus on tougher Fed scrutiny
Ron Paul, the Texan Republican congressman, edges closer to realising a decades-long ambition to impose tougher congressional scrutiny on the Federal Reserve
Record numbers late on US loans
More than one in seven borrowers were behind on their mortgage payments or facing foreclosure at the end of the third quarter as rising unemployment continued to fan the flames of the housing crisis
Lex: California
The Golden State faces a cumulative shortfall of $21bn between the rest of this fiscal year and the one starting next July
Geithner defends record to Congress
Tim Geithner launches a fierce defence of his record as US Treasury secretary as Republicans said his policies had failed and he should resign
Pace of US job cuts eases
The number of US workers claiming jobless benefits held last week, hovering near its lowest level in nearly a year, signalling that the pace of job cuts is easing
Forex bankers alarmed by clearing plans
Bankers fear new systemic risk if companies face higher costs for hedges under centralised clearing and potentially be required to post extra collateral
