November 11Th International Financial Media Headlines

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Bloomberg: the US government is planning a $3 trillion and 800 billion deficit reduction plan.

On Wednesday, the main leaders of a sub committee of the US President proposed a government deficit reduction plan with a scale of US $3 trillion and 800 billion.

According to this plan, the expenditure of the US government on social security and health care will be reduced, while the income tax rate will drop. At the same time, many tax relief policies will also be abolished.

According to the committee's proposal, tax relief policies, including capital gains and child health care, will be abolished. At the same time, natural gas tax rates will rise, while defense spending will fall, and health care costs will also drop.

On the other hand, the retirement age for social security will increase to around 68 in 2050, and it will increase to 69 by 2075.

Boles, one of the co chairmen of the committee, said: "the United States is now in a shortage of funds, so it is necessary for us to make some forward-looking preparations for Erskine Bowles.

If we do not take drastic measures, there will be no doubt that the United States will develop towards the most serious economic crisis.

Wall Street Journal: Boeing 787 forced to deliver or postpone again

On Tuesday, Boeing's 787 Dreamliner was forced to make an emergency landing in Laredo Tx, Texas, during a test flight.

The aircraft was Boeing's second test team consisting of six aircraft, which took off from Yuma, Arizona and flew to the rear of the Texas border city at 2:50 p.m. local time.

42 test crew members evacuated through emergency slides.

Analysts say the accident could have delayed the first delivery time of the Boeing 787 Dreamliner.

Douglas Harned, an analyst with Bernstein research, said on Wednesday: "although we are still waiting for more information on the accident announced by Boeing, we think the incident is serious.

We expect that the flight test plan for the 787 aircraft will be delayed inevitably, which may delay the first delivery time of the 787 aircraft again. "

YAHOO Finance: US budget deficit in the first fiscal year of US $140 billion 400 million

The latest figures released by the US Treasury show that as the first month of the new fiscal year, the US federal budget deficit decreased by 20% in 2010 October compared with the same period in 2009. Nevertheless, last month's deficit reached the third highest level in history.

The US Department of Finance said on Wednesday that the total deficit in October was $140 billion 400 million, a decrease of 35 billion 900 million US dollars compared with $176 billion 400 million in 2009 October.

However, analysts pointed out that, despite the improvement of the US government's financial situation, according to the current trend of development, the deficit of the US fiscal year is still likely to exceed 1 trillion US dollars for third consecutive years. Once this is the case, then the credibility of the Democratic Party in the United States will be further compromised.

It is reported that the decline in the US government's deficit is partly due to the year-on-year growth in its revenue, while the latter is caused by the Federal Reserve's payment of more funds to the US Treasury.

As the Federal Reserve has taken a series of measures to safeguard the security and economic growth of the financial system, the scale of its holdings of government bonds and corporate bonds has increased significantly.

New York Times: General Motors Q3 achieves net profit of US $2 billion.

General Motors released its performance report on Wednesday, saying the company made a profit in the third quarter, making a profit of 2 billion dollars, or about 1.20 dollars per share, and earned 34 billion 100 million dollars in the same period.

This is the company's three consecutive quarterly profit.

In the same period last year, the company reported a loss of $1 billion 150 million and sales of $26 billion 350 million after its bankruptcy.

GM last week submitted its final IPO rules, which will issue investors and shares of about $13 billion in common stock and preferred stock under the rules.

The company started its IPO roadshow last week and is expected to announce its share price in November 17th.

The shares are expected to be listed on the 18 day in New York and Toronto.

Financial Times: United States aims to set up debt targets

Recently, a cross party budget expert group has pointed out that in order to cope with the high debt problem, the United States should set up a medium-term debt target and impose severe penalties to impose penalties on failure to achieve its goals.

The The Peterson-Pew Commission on Budget Reform (Peterson-Pew) released its budget report this month.

Industry experts pointed out that the release of the report will have a significant impact on the resolution of Obama Finance Committee.

Peterson-Pew Budget Reform Commission pointed out in the budget report that not only that, the United States should set up an annual financial target that matches the target of its medium-term economic growth.

The committee recommends that the United States have another 60% debt target of GDP in 2018.

However, the committee also indicated that the new framework could also apply at other levels of debt targets.

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CNBC: US Federal Reserve purchases $105 billion in early December.

The Federal Reserve Bank of New York said Wednesday that the Federal Reserve plans to purchase 105 billion US Treasuries and inflation protected securities in 18 purchases from November 12th to September December.

The Fed said that 75 billion of the total purchases were based on the new 600 billion dollar treasury bond purchase plan, and $30 billion came from the approved purchase of bonds on maturity mortgage backed securities in August.

Today's announcement is the first purchase plan announcement after the Federal Reserve launched a new round of quantitative easing policy.

The next announcement will be 2 p.m. Eastern standard time on December 10th.

Reuters: Google Street View service was investigated by US government department

The Federal CommunicationsCommission has launched an investigation into the Google Corporation's Street View service to determine whether the search giant has violated US federal law.

The Google Corporation said in October that the company apologized for collecting the public's e-mail addresses, passwords and other information about the vehicle errors used by its Street View service.

"Based on the information disclosed by Google Corporation, we can now confirm that the Federal Communications Commission is conducting an investigation of these actions by Google Corporation to determine whether it violates the relevant communications laws and regulations," Allison, head of the US Federal Communications Commission's law enforcement department, said on Wednesday, MicheleEllison.

Before the Federal Communications Commission of the United States, the FederalTrade Commission has completed an investigation of Google Street View service.

CNNMoney: the US embarked on the $4 trillion deficit

On Wednesday, the Obama Finance Committee issued a preliminary proposal to reduce the debt of the United States.

The draft report issued by the Congressional Committee on budget deficit control on 10 may suggested that in order to reduce the country's current high budget deficit, the United States must reform public welfare policies such as health care and social security and taxation.

The committee is co led by former Republican Senator Simpson (Alan Simpson) and former president Clinton's chief of staff Bowers (Erskine Bowles). Its members are composed of Republican and Democratic members from both houses.

On the 10 th of this month, Bowers submitted the proposal to a deficit Committee with 18 members.

In the draft report, the Committee recommended that the United States stabilize its debt by 2014 and cut expenditure by 200 billion dollars by 2015.

Nikkei news: Japan's total debt in September set a record.

Japan's Ministry of Finance said Wednesday that as of September, the country's total debt reached a record level of 908 trillion and 860 billion yen, which is 4 trillion and 780 billion yen higher than the June figure.

The figures include government bonds, loans and financial instruments.

The increase in total debt was mainly due to the increase in general outstanding debt. As of September, Japan's general outstanding debt was 8 trillion and 60 billion yen higher than in June.

In addition, Japan's total unpaid debt totals to 741 trillion and 280 billion yen in the first quarter of September, an increase of 7 trillion and 470 billion yen compared to the previous quarter.

In October, the census data released by the Japanese Ministry of interior showed that the population of the country had reached about 12 thousand and 738.

According to this calculation, the data released by the Ministry of finance today means that the total debt of each citizen in Japan is about 7 million 130 thousand yen.

India times: India auto sales increased sharply in October

According to data released on Wednesday by the India Automobile Manufacturers Association, in October, India's domestic car sales increased from 132 thousand and 615 in the same period last year to 182 thousand and 992, an increase of 37.99% over the same period last year.

In October, domestic motorcycle sales increased from 611 thousand and 828 in the same period last year to 876 thousand and 810, an increase of 43.31% over the same period last year.

The India Automobile Manufacturers Association also said that in October, sales of all types of two wheeled vehicles in China increased from 749 thousand and 965 in the same period last year to 1 million 127 thousand and 827, an increase of 50.38% over the same period last year.

Commercial vehicle sales increased from 43 thousand and 18 to 50 thousand and 835, an increase of 18.17% over the same period last year.

Overall, sales of all types of vehicles in India increased from 1 million and 930 in the same period last year to 1 million 460 thousand and 655, an increase of 45.93% over the same period in October.