Global demand for U.S. assets has risen in November (Headlines)
The Treasury Department has reported that private investors worldwide bought a record amount of U.S. stocks, bonds, and other government securities in November, according to Bloomberg. The net-purchase of equities, bonds and notes reached $126.8bn in November, compared with $19.3bn in October.
The Federal Reserveâ??s decision to extend credit to AIG has been defended by the central bankâ??s Chairman, The Wall Street Journal reports. The Fed will back a full review of its actions by federal government regulators, said Ben Bernanke.
Paulson hires two analysts for new gold fund (Headlines)
John Paulson has hired two gold analysts for his new gold fund, The Wall Street Journal reports. John Reade and Victor Flores are joining the hedge-fund manager.