Editor's update

The Fed's $600 billion spree

America's Federal Reserve launched a new round of monetary easing, announcing that it would buy a further $600 billlion of Treasuries between now and next June, to try to cut unemployment and avert deflation. More coverage on our Economics page.

 

Canada's federal government said it was minded to veto BHP Billiton's $39 billion takeover bid for PotashCorp, but gave the mining giant 30 days to come up with a revised offer that demonstrated a "net benefit to Canada".

 

The London Stock Exchange said its attempt to switch to a faster trading system had been delayed by a technical problem it described as “suspicious”, implying it feared its new software had been sabotaged.

 

Lloyds Banking Group said Antonio Horta-Osório, currently the head of Santander’s British operations, will be its new chief executive. He replaces Eric Daniels, who has faced much criticism over Lloyds’ 2008 takeover of HBOS, a troubled rival, which ended in the merged group having to seek a government bail-out.

 

Follow this page on Twitter 

From our blogs

Buttonwood's notebook
Tea and QE
Which will affect markets most: The mid-terms or the Fed's decision this week?

 

Free exchange
Focus on the fundamentals
Four big business figures worry about whether America will have the right skills for the industries of the future

 

Multimedia
Vikram Pandit on banking regulation
Video: The Citigroup chief's worries about the new Basel 3 capital rules 

What we're reading

Why women are losing ground on Wall Street (Knowledge@Wharton)

 

Opening up Indonesia's pharmaceutical sector (The Economist Intelligence Unit)

 

People trust eloquence more than honesty (Harvard Business Review)

  

Highlights
Dependence on China

The indispensable economy?

China may not matter quite as much as you think More »

Computer gaming

Pros clicking at war

An American firm wants to turn computer games into a global spectator sport More »

Drexel Burnham Lambert's legacy

Stars of the junkyard

Twenty years after Michael Milken’s junk-bond firm came crashing down, the financial revolution that it fostered lives on More »

Advertisement

The Economist Asks

Are airport security measures already too stringent?

View results after you vote
Get background or join the discussion >>
1288860273

Advertisement

Latest blog posts - All times are GMT

High times for drug traffickers
From Americas view - November 3rd, 23:36
Tales of three cities
From Prospero - November 3rd, 23:24
Oops
From Asia view - November 3rd, 20:25
Two years of nothing
From Democracy in America - November 3rd, 20:15
Picking through the tea leaves
From Multimedia - November 3rd, 19:18
The quick red Fox
From Newsbook - November 3rd, 18:59
Korea's American chance
From Asia view - November 3rd, 18:59
More from our blogs »

Products & events

Stay informed today and every day

Subscribe to The Economist's free e-mail newsletters and alerts.


Subscribe to The Economist's latest article postings on Twitter


See a selection of The Economist's articles, events, topical videos and debates on Facebook.

Advertisement