| Asia Markets: Australian banks cheer yen’s fall While Japanese equities cheer Tokyo’s forex intervention to push down the value of the yen, so do Australian banks. feeds.marketwatch.com |
Financial Stocks: Financials drop after consumer-sentiment data Financial stocks see early gains erased after consumer sentiment disappoints. Discover is in a deal to acquire Citigroup’s Student Loan Corp. feeds.marketwatch.com |
SEC takes step to bring swaps into sunlight The Securities and Exchange Commission approves a rule requiring some derivatives dealers to report on certain security-based swaps, starting the ball rolling toward greater oversight of the derivatives market. feeds.marketwatch.com |
China's love of luxury goods boosts Burberry Burberry, the luxury goods retailer, said that like-for-like sales in its stores around the world increased by 9pc over the six months to September 30, boosted by shops in emerging markets. telegraph.co.uk |
Spending review 2010: BT holds onto government deal BT Group has held on to its government contracts despite planned cuts to public spending next week. telegraph.co.uk |