Wednesday Papers: IMF predicts interest rates may need to rise -- other news

Wed Nov 4, 2009 6:43am GMT
 
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* Dow dips 18 points, or 0.18%, S&P improves 0.24% and Nasdaq 0.40%

* US factory orders up 0.9% in September

* UK house prices up 1.2% month-on-month in October, according to the Halifax

* IMF predicts interest rates may need to rise up to two percentage points as emerging markets tighten fiscal policy next year; predicts widening fiscal deficits in major economies, emphasising it is too early in recovery to adjust fiscal policy

* UK government gives £37 billion of new bail-out cash at RBS and Lloyds

* Barclays hands more power to Bob Diamond, head of its investment banking arm, in a surprise shake-up that will see Frits Seegers ousted after three years running the global retail and commercial banking business

* Gold surges to an all-time high as India buys 200 tonnes of the precious metal from the IMF

* DuPont sees US recovery taking hold

* HSBC to cut 1,736 UK jobs

* Johnson & Johnson to slash 7% of jobs in global revamp

* Tories wary as Czechs sign Lisbon Treaty; EU to act quickly to appoint a president

* Transport for London seeks judicial review of a premium levied by the Pension Protection Fund

* Lord Sugar dismisses small firms as 'moaners' who live in a 'Disney world'

* Marks & Spencer plans to sell around 400 branded products from firms like Kelloggs, Coca-Cola and Marmite across its UK store network

* BetonSports founder, Gary Kaplan, sentenced to the maximum 51 months in prison for conspiring to violate US racketeering and other laws

 

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