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WASHINGTON (Reuters) - The Treasury Department wants lenders and companies that process monthly mortgage payments to do more to rework troubled home mortgage loans and will announce new measures on Monday aimed at achieving that goal, a department spokeswoman said on Saturday. Full Story »
DUBAI (Reuters) - The United Arab Emirates' central bank set up an emergency facility on Sunday to support bank liquidity in the first policy response to Dubai's debt woes that threatened to paralyze lending and derail economic recovery. Full Story »
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CHICAGO (Reuters) - In a worrisome sign for retailers, data released on Saturday showed that sales rose a scant 0.5 percent on the traditional kickoff to the holiday shopping season despite early signs of a strong showing. Full Story »
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DUBAI (Reuters) - Dubai World has refused to offload assets at fire-sale prices to repay obligations, forcing it to seek a debt standstill, a newspaper report on Sunday quoted an unnamed source at the government-controlled firm as saying. Full Story »
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BEIJING (Reuters) - Premier Wen Jiabao on Sunday restated China's long-standing position that the yuan's exchange rate should be kept at a reasonable, balanced level. Full Story »
LONDON (Reuters) - Banks who lent over $30 billion to Dubai World, the debt-laden state investment group, plan to appoint auditors KPMG to represent them in talks over recovering their money, the Independent on Sunday newspaper reported. Full Story »
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NANJING, China (Reuters) - The euro zone does not risk the sort of debt problems plaguing Dubai, senior European Union officials said on Sunday. Full Story »
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GENEVA (Reuters) - Swiss bank UBS is threatening to move its headquarters out of Switzerland if the authorities impose too many new regulations in the wake of the global financial crisis, Swiss weekly paper Sonntag CH said. Full Story »
NANJING, China (Reuters) - The euro zone's top economic officials pressed China on Sunday to let the yuan resume its rise but said they were not counting on immediate results. Full Story »
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NEW YORK (Reuters) - Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market's path to glory is fraught with peril this week. Full Story »
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