November 3Rd International Financial Media Headlines

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Before the beginning of the new Congress of the United States from January 2011, the current members of Congress will face a new difficult problem: as of the end of November, a large number of unemployed people will lose their emergency unemployment benefits, and the US Congress must take relevant measures to deal with this problem.

In fact, this problem has already appeared this summer, but due to improper handling by the US Congress, hundreds of thousands of unemployed people failed to receive unemployment benefits for several weeks.

Despite various external doubts, the Fed is likely to be ready to launch a new round of quantitative easing measures to stimulate the recovery of the US economy.

The Federal Reserve has started a new round of policy meetings on Tuesday. The whole meeting lasted for two days.

It is widely believed that the Federal Reserve is likely to announce the launch of a $100 billion treasury bond acquisition program after the end of the conference to boost the US economy.

At present, the unemployment rate in the United States remains at a high level of 9.6%, and the risk of deflation is also rising. Under such circumstances, the Federal Reserve is not satisfied with the current macroeconomic situation.

According to GM's latest forecast, the company will have a market capitalization of about $50 billion when it starts the stock market again, which is roughly equivalent to the market value of Ford, which is sound and profitable.

According to people familiar with the situation, the market value of General Motors is likely to reach US $60 billion.

GM's initial public offering price will be between $26 per share and $29 per share, according to people familiar with the matter.

GM's IPO pricing per share will probably be determined in November 17th, and stock sales are expected to take place in second days.

According to an analyst survey compiled by Bloomberg, U.S. auto sales in October may rise to its highest level in 14 months, because buyers are happy to buy new models of 2011.

According to the report released by the US Department of Commerce in October 29th, the US economy grew at an annual rate of 2% in the third quarter.

The consumer sentiment index in October dropped to its lowest level in nearly a year, according to a survey by Townsend Reuters / University of Michigan.

According to economists, the unemployment rate in the United States will remain above 9% until next year.

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The Bank of Japan said on Tuesday that as at the end of October this year, the balance of the asset purchase fund set up by the bank as a whole to ease the monetary policy was 22 trillion and 430 billion yen.

The asset purchase fund set up by the bank is mainly composed of two parts. One is the 30 trillion yen operation reserve fund set up in December last year, the second is the 5 trillion yen fund for asset purchases.

The Bank of Japan plans to purchase government bonds and discount bills through the fund this month, and plans to increase its purchases of corporate bonds and commercial paper early next month.

The Central Bank of India (RBI) said on Tuesday that it will formally determine the remuneration management plan for CEOs and other senior managers of private and foreign banks by the end of December this year.

The huge salary of executives from global financial institutions has been considered as one of the reasons for the global economic crisis in 2008.

The Central Bank of India said the draft standard of executive pay for private and foreign banks was drawn up in July this year, in line with the initiatives taken by the international community and the group of 20.

The Central Bank of India announced on the 2 day that the sixth rate hike this year will raise the repurchase and reverse repo interest rates by 25 basis points, to 6.25% and 5.25% respectively, which is in line with market expectations.

India's overall inflation rate in September was 8.62%, much higher than the 5% to 6% level acceptable to the Reserve Bank of India.

Food prices have remained at the two digit level in the past three months, pushing the overall inflation figures.

India's food inflation rate was 13.75% in October.

The Republican Party will win a big victory in the mid-term elections of the US Congress on Tuesday. This is not only a major political blow to President Obama, but also a far-reaching impact on the future of Wall Street.

Because Obama is struggling to cope with the fragile American economy and has little effect, the Republican Party is likely to win at least 39 seats in the Democratic Party, thereby controlling the voice of the house of Representatives.

At the same time, the Republican Party is also likely to win the 10 seat of the Democratic Party in the Senate, thus achieving the control of the Senate.

As investors are generally optimistic that the Republican Party will win in this Tuesday's congressional elections, the US stock market also rose again in the day's trading.