U.S. stocks were little changed after Bank of America Corp. reported better-than-estimated earnings and government data showed global demand for American financial assets grew. Treasuries trimmed earlier gains and commodities pared losses.
China’s economy grew 9.1 percent in the third quarter from a year earlier, the slowest pace since 2009, driving stocks lower on concern that Europe’s debt crisis is dragging on the global recovery.
Danone, the owner of the Evian and Volvic brands, is in talks to sell bottled-water assets to Japan’s Suntory Holdings Ltd., three people familiar with the matter said.
Corporate bond risk in Australia is dropping at the fastest pace in two years, beating declines in Europe and the U.S. as investors bet a global financial crisis will be averted.
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