JPMorgan’s CEO call’s Darling to reject bonus tax

JPMorgan Chase & Co chief executive Jamie Dimon told Alistair Darling, UK Chancellor of the Exchequer that his 50% tax on banker bonuses would unfairly penalize the US bank. 

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Dollar drops as risk appetite rises

A lot of the world's leading equity markets for the year 2009 hit fresh highs, encouraging investor appetite for riskier assets leading to a loss for the US currency. With the absence of fresh positive US economic data, market participants appear to be trimming some of their recent bets ahead of year-end.

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Biggs and Faber predict dollar rally

Barton Biggs of New York-based hedge-fund firm Traxis Partners LP and Marc Faber, publisher of the “Gloom Boom & Doom” newsletter predict gains for US equities and the dollar.

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