Tuesday Papers: Housing market revival helps lift consumer sales -- other news

Tue Nov 10, 2009 7:03am GMT
 
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* Dow climbs 204 points, or 2.03%, S&P 500 jumps 2.22% and Nasdaq 1.97%

* The net balance of Chartered Surveyors reporting rises rather than falls reached a positive reading of 34% in October, up from 20% in September, the highest result for three years, according to RICS survey

* Retail sales rose by 5.9% last month, the biggest one-month rise since March 2007, according to British Retail Consortium/KPMG

* People are more optimistic about the economy than at any time for the past 18 months, according to a Populus poll for the Times

* A rapid recovery in commercial property values from the deepest slump on record to near bubble-like conditions could see the sector turn positive this year, according to Colliers CRE

* Construction will start on a third fewer social homes next year in a sign of wider impending restraints on government spending

* UK government approves 10 possible nuclear plant sites and plans to fund four clean coal trials

* Storm Ida shuts Gulf of Mexico energy operations

* European Commission asks UK to deliver £25 billion-a-year in spending cuts

* Gordon Brown is examining plans to fast-track a big order of Chinook transport helicopters for Afghanistam, abandoning the governments longer-term procurement strategy

* Banks around the world face increases in funding costs that could cut profits and hit their customers as they look to refinance £4,000 billion-plus in short-term debt expiring in the next three years, with longer-dated bonds, according to research

* Nearly a quarter of UK businesses predict that their staff will be working beyond the national retirement age within a decade, according to a study

* LSE computer problem halts trading in 300 UK stocks

* Every phone call, text message, email and website visit made by private citizens is to be stored for a year and will be available for monitoring by government bodies

* Rupert Murdoch has hinted that News Corp could sue the BBC over breach of copyright for alleged stealing material from his newspapers

* FSA threatens jail in City culture crackdown

* Grainger chief Rupert Dickinson retires with a £3 million payout

 

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