| US stocks plummet on sagging confidence US stocks plunged overnight after sagging consumer confidence and a mixed batch of second-quarter earnings revived recovery fears. news.com.au |
No business bank growth until 2011 - NAB CNAB chief executive says an expected growth spurt for the bank's business banking franchise may be delayed until 2011. news.com.au |
Dubai P.E. Firm Buys First Sukuk in Britain [at New York Times] - Millennium Private Equity, a Dubai government-linked investment company, plans to use Islamic financing for venture capital in Europe after buying the first corporate sukuk in Britain, Bloomberg News reported. us.rd.yahoo.com |
Biovail merger doomed, founder says A deal that sees Canadian drug maker Biovail Corp. merge with California-based Valeant Pharmaceuticals International is "doomed to fail" under a huge debt, Biovail founder Eugene Melnyk says. cbc.ca |
China's economy slows in 3rd quarter China's rapid growth slowed in the latest quarter as Beijing steered its expansion to a more sustainable level, possibly cutting its contribution to a global recovery. cbc.ca |