Monday, November 22, 2010

Quick Overview

  • Investors question whether international efforts to halt a full-blown Eurozone debt crisis are enough.

  • The new Basel III banking rules will leave the biggest U.S. banks short of between $100 billion and $150 billion in equity capital, with 90 per cent of the shortfall concentrated in the top six banks, the Financial Times said.

  • Singaporeans are the most optimistic consumers in the region, according to the latest Asian Consumer Confidence Index. The index rose 11 points to 137 in Q3.

  • Soybeans rose on dry weather in parts of Brazil.

  • Precious metals will produce the best commodity returns next year, Goldman Sachs said.

  • (Bloomberg) -- Billionaire Warren Buffett said that rich people should pay more in taxes and that Bush-era tax cuts for top earners should be allowed to expire at the end of December.

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