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Households shrug off rate rise
CONSUMER sentiment was just short of a 28-month high, after households took the latest interest rate rise as a further sign of an improving economy.
Cnet

Sterling falls on weak inflation data
Data showing consumer price growth fell to a five-year low of 1.1 per cent in September prompt speculation interest rates will stay on hold until 2011
FT

UK Unemployment Rate to Hit 22-Year High, Boost Dovish BOE Outlook
UK Jobless Claims are set to add 24,500 in September, pushing the Claimant Count Rate (unemployment rate) to a 22-year high of 5.1%. More of the same is...
Daily FX

PIONEER CNSD-100FM Map Upgrade for AVIC F-Series In-Dash Navigation Systems (Electronics) newly tagged ``automotive``
PIONEER CNSD-100FM Map Upgrade for AVIC F-Series In-Dash Navigation Systems (Electronics)By Pioneer Buy new: $60.008 used and new from $55.00 Customer Rating: First tagged 'automotive' by coyotedogwolf Customer tags: navigation, automotive, f900bt
Amazon

Colorado to Reduce Minimum Wage
State Becomes First to Decrease Rate Because of Falling Cost of Living
CBS News

Pound hit by falling UK inflation
Consumer price inflation in the UK falls to an annual rate of 1.1% - pushing sterling to a six-month low against the euro.
BBC

Letters: Let the rupee be
Substantial capital inflows have once again started. This was only to be expected since India is one of the few countries still growing in a stagnant world with opportunities of earning impressive returns on investments. The rise in direct foreign investment indicates confidence of the foreign investor in the future of the economy. The downside is the central banks problem in riding on two horses forex rates and domestic money supply. The Governor of RBI made certain thought-provoking remarks at the G-30 International Banking Seminar in Istanbul during the IMF-World Bank annual meet. While referring to the three options for the central banks of emerging economies to deal with capital inflows, he said that they could refrain from market intervention, or intervene either with or without sterilisation. He opined that while sterilised intervention can exacerbate fiscal pressures, it needs to be assessed against the benefits of macro-financial stability.
Business Standard

Bank of Japan holds interest rate, keeps corporate credit programme - Earth Times
Tokyo - Japan's central bank on Wednesday decided to keep its benchmark interest rate at 0.1 per cent, saying, Japan's economy has started to pick up, but did not make an anticipated decision on whether to end its programmes on purchasing corporate...
NewsRack

Soft market persists in third quarter
Property/casualty renewal rates in the third quarter were either flat or lower in all the major market sectors, according to a survey of insurance buyers. The RIMS Benchmark Survey, which is administered by Advisen Ltd. and released by the New York-based Risk & Insurance Management Society Inc., tracks and analyzes changes ...
Insurance Headlines

US retail sales slump on post 'clunker' weakness - Financial Times US
US retail sales fell at the fastest rate this year in September as the expiration of the cash-for-clunkers rebate program stalled the car buying frenzy
NewsRack

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