- The National Association of Realtors said the pending U.S. home sales index was up 0.6% in October but down 18.4% YoY.
- Japan’s machinery orders rose 12.7% in October, stronger than expected.
- YoY U.K.'s manufacturing prices rose 4.5% in November.
- China's November PPI rose 4.6% YoY vs. 3.5% expected.
- China raised bank reserve requirement ratio by 1 %, the largest such move since 2003
- UBS announced it will write down $10 billion in US subprime investments.
- A trade group for real-estate agents said the battered housing market is on the verge of stabilizing and raised its outlook for 2007 and 2008 home sales.
- The current US ethanol capacity is 7.3 billion gallons a year. If the projected new capacity comes on line during 2008, capacity will rise to 13.5 billion gallons a year.
- The USDA increased its estimate of the 2007-2008 world coffee crop from 118.9 to 122.9
- Rongcheng’s cargo volume for foreign trade grew 78% YoY
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