Money Daily Brief: Jobless claims fall
Updated 11:35 a.m. EDT (15:35 UTC)
鈥�US jobless claims down: Initial claims last week, a better showing than many analysts predicted. It was the fifth decline in six weeks, bringing the four week average down to 531,500, the lowest total since January.
鈥�Asia eyes US improvement: Asian markets advanced, responding to JPMorgan Chase's and to new retail data showing a ). Japan's Nikkei index closed up and Hong Kong rose 0.5 percent. By contrast, Thai stocks plummeted a second straight day about 'Thai King Bhumibol Adulyadej, the world's longest-serving living monarch and a unifying figure in a fractious country.
鈥S foreclosure record: Nearly 940,000 homes -- one in every 136 housing units -- received a foreclosure notice in the third quarter, . The administration's foreclosure-prevention , analysts said.
鈥uropean prices fall: September was the , mainly due to lower energy prices and company cost-cutting. Separately, Anheuser-Busch InBev agreed to for $3 billion, a move to trim its $53 billion debt after purchasing Anheuser-Busch. Also, Swiss pharmaceutical giant Roche Holding AG reported on the strength of its flu drug.
鈥n my backyard: ExxonMobil faces a potential with a Chinese state-owned oil driller for access to Ghana's new offshore oil field. Exxon's deal to extract the oil, which Ghana's government may scrap for China's, represents a growing scramble for Africa's energy and a parallel contest by the two world powers to win over African governments. A new appraisal suggests there may be at stake in the rivalry. Ghana's final decision could influence other governments in the region, where even more undiscovered oil may be lurking and could open a new chapter in Africa's oil troubles.
鈥� Drew Hinshaw is a Monitor contributor in Accra, Ghana. More million-dollar bonuses at AIG? See Obama 'pay czar' lacks clout.
