What's In The News: November 21, 2011 Volkswagen AG (VLKAY) Berkshire Hathaway (BRK.A) Alleghany Corp ...

Uploaded by FinancialNewsOnline on Nov 21, 2011

This is what's in the news for Friday, November 21st. The Wall Street Journal reports the EU's executive arm will this week float proposals for joint issues of bonds among the currency's 17 governments. The Wall Street Journal also reports Volkswagen AG (VLKAY) is making a bigger push to increase sales in southern China, a region traditionally dominated by Japanese auto makers. Bloomberg reports foreign bank deposits at the Federal Reserve more than doubled to $715B since the end of 2010, buttressing the dollar’s status as the world’s reserve currency. Some 47 foreign banks held balances of over $1B at the New York Fed as of September 30, up from 22 at the end of 2010, according to a survey of 80 financial institutions by inter-dealer broker ICAP. Bloomberg also reports Berkshire Hathaway (BRK.A) Chairman Warren Buffett said he’s unfazed by the recent scandal at Japanese camera maker Olympus Corp. and is looking for investment opportunities in Japan. And finally, Reuters reports Alleghany Corp. (Y) is close to a deal to buy Transatlantic Holdings (TRH) for about $3.4B, sources say.

Egypt - More than 30 reported dead in Cairo clashes

Published on Nov 21, 2011 by Euronews

http://www.euronews.net/ A fresh wave of clashes between protesters and security forces in Cairo has left at least 33 people dead, according to reports coming out of the Egyptian capital.

After a bloody weekend of violence, the demonstrations against the country's ruling generals continued on Monday.

Syria - Russia blames the West for violence there

Published on Nov 21, 2011 by Euronews

http://www.euronews.net/ As the fighting and deaths in Syria continue, Russia is accusing western countries of hindering a peaceful resolution.

Foreign Minister Sergei Lavrov claims the opposition is being discouraged from negotiating with President Bashar al-Assad and his government.

"At the moment, the Arab League is calling for an end to violence and the beginning of dialogue. But there have been calls from the West and other countries in the region advising the opposition not to enter into dialogue with President Bashar al-Assad's regime," Lavrov said.

Britain - phone-hacking 'gave berieved parents false hope' that their daughter Sally Dowler was alive

Published on Nov 21, 2011 by Euronews

http://www.euronews.net/ The parents of a murdered British teenager have been giving evidence to an inquiry in London into the working practices of the UK press.

The Leveson investigation was ordered after revelations that a private detective working for the News of the World tabloid newspaper hacked the phone of 13-year-old Milly Dowler while she was still missing.

Milly's mother, Sally Dowler, described the moment she got through to her daughter's previously full voicemail.

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American Music Awards 2011 - Jennifer Lopez

Uploaded by JenniferLopezGreece on Nov 20, 2011

live presentation jennifer lopez in american music awards 2011

Holland - Seattle Mariners Player Killed in Netherlands / Seattle Mariners teamlid gedood in Nederland

From: AssociatedPress  | Nov 21, 2011

Dutch police say Seattle Mariners outfielder Greg Halman has been stabbed to death and his brother has been arrested as a suspect. (Nov. 21)
.

Nederlandse politie zeggen Seattle Mariners outfielder Greg Halman is dood gestoken en zijn broer is aangehouden als verdachte. (21 november)

Europe - main Stock market indices in Frankfurt, Paris and London all extended losses Moodys possibly the culprit

Published on Nov 21, 2011 by Euronews

http://www.euronews.net/ An election in Spain with unsurprising results failed to give the market a boost on Monday morning.

After a negative opening, the main indices in Frankfurt, Paris and London all extended losses, probably due to the warning from Moodys agency that France may lose its AAA credit rating.

In Madrid, stocks also lost ground.

Spain's borrowing costs continue to rise, with the gap between its rate and Germany's getting larger.