Among large developed economies with a top credit rating, the U.K. is potentially most at risk of a downgrade, but its stable outlook reflects an expectation that it will announce moves to cut its debt.

Hong Kong billionaire will proceed with plan to build new business wire to cover China.

Reuters - Albert Edwards, a top analyst with French bank Societe Generale, expects global markets to hit a new low in 2010, adding that he would not be surprised if the global economy enters another recession next year.

AP - Interest rates on short-term Treasury bills were mixed in Monday's auction. Rates on three-month bills rose and rates on six-month bills fell to the lowest level in a month.

The dominant contributing factor in this recession has been the collapse of corporate, rather than consumer, spending, writes David Bowers