Bloomberg: Worst Over in Global Poll Pointing to Reduced Market Returns. Three out of five global investors say the world economy has weathered the financial crisis and has stabilized two years after the collapse of Lehman Brothers Holdings Inc.
BusinessWeek: Bridgestone, Goodyear Face Deepening Rubber Shortage. Bridgestone Corp., the largest tiremaker by sales, is raising European prices for the second time this year and Goodyear Tire & Rubber Co. is charging more as rubber gains on prospects for the biggest shortage since 2007.
CNBC: Ireland Prepares for Make-or-Break Debt Auction. Investors are anxiously waiting for Ireland’s auction of longer-term government bonds to see whether demand for periphery euro-zone debt is still going strong despite fears that gripped markets Friday.
Reuters: China searches for El Dorado. China’s conquistadores are blazing a trail into South America. They aren’t looking for gold, but for resources China needs to feed and house its 1.3 billion populace.
The Business Insider: The “Q Ratio” Reveals That The Stock Market Is At Least 41% Overvalued.
The Telegraph: Millions of Americans risk being jobless forever. OECD fears jobs lost in recession may never be recovered.
The Wall Street Journal: IKEA Seeks an India Opening. Swedish furniture giant IKEA plans to double its annual spending on products from South Asia to €1 billion and is pressing the Indian government to relax investment regulations so it can launch its retail superstores there.