- U.S. consumer confidence fell from 38.6 to 37.7 in January -- a record low.
- YoY the S&P’s/Case-Shiller index of home prices fell 18.2% in November
- Germany's business climate index rose from 82.7 to 83.0
- IMF scaled down estimates for 09 global growth to 0.5% from the 1.7% previously. The U.K. to contract (-1.3%) in 2009; Italy (-0.6%); Germany (-0.8%); France's (-0.5%) and Canada to grow 0.3%
- AIG said to pay $450 million to retain about 400 derivatives employees, the very division that drove the company into the ground.
- Canada's unveiled a $32 billion plan to stimulate the flagging economy.
- (Reuters) - The Federal Deposit Insurance Corp is aiming to take control of a widely mooted "bad bank," to be set up by the US government to mop up toxic assets of struggling banks, Bloomberg News reported on Tuesday.
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