- The United States is having little trouble funding its big current account gap, but the shortfall cannot expand forever , Federal Reserve Chairman Alan Greenspan said on Monday.
- European Central Bank policymakers issued warnings on inflationary dangers in the euro zone on Monday with two central bankers saying the ECB should raise interest rates before prices surge.
- The International Sugar Organization expects world consumption to outpace production by one million tons in 2005-2006 and by two million tons in 2006-2007.
- YoY Retail sales in the Euro zone were up 0.9% in September.
- Overseas investment in Japanese equities fell for a second month in October, according to a government report yesterday
- New motor vehicle sales in Canada were down 7.9% in September and down 0.5% YoY.
- We are not finding gold as fast as we are mining it as an industry,'' said Glamis Chief Executive Kevin McArthur. "This is developing into a bit of a train wreck,'' prompting companies to consider more acquisitions to boost output, McArthur said.
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