News Headlines - 10 October 2011

▽4-Banks brace for capital calls after Dexia rescue - Reuters
Europe's banks expect to be told to raise more capital under a Franco-German effort to solve the euro zone debt crisis after the state rescue of Franco-Belgian lender Dexia .

▽Martin Weale: 'A lot of scope for more QE' - Telegraph.co.uk
Martin Weale, a member of the nine-strong Monetary Policy Committee that voted for "QE2", said: "There is quite a lot of scope for further quantitative easing.
Before the purchases that we announced last week, the amount of government debt in the system was actually higher than it had been before the earlier bout, so there is quite a lot more that could be done."

▽Egypt's Military Rulers Order Investigation of Cairo Clashes - Voice of America
Egypt's ruling military council has ordered the government to investigate the killings of at least 25 people in Sunday's deadly street battles between Coptic Christians and Egyptian security forces in Cairo.

▽Apple Says IPhone 4S Pre-Orders Top 1 Million in Single Day - BusinessWeek
Apple Inc. received more than one million pre-orders for the iPhone 4S in a single day, 67 percent more than for the previous version of the device.
Demand for the phone, introduced a day before Apple co- founder Steve Jobs passed away, is a tribute to the technology icon's legacy, said William Choi, an analyst at Janney Montgomery Scott LLC.
“It's the last phone developed with Steve Jobs at Apple,” Choi said in a telephone interview today. “There are definitely some sentiments at play here.”

▽3 Reasons Why You Should Not Upgrade to iPhone 4S - Tom's Guide
1. It looks like the iPhone 4 and feels like the iPhone 4.
2. It supports 14.4 Mbps? Whatever you say.
3. No exceptional features
Even better, keep your current phone and wait for the iPhone 5.







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