US

The former chief executive of AIG is suing the US government for $25bn for its 'unconstitutional' takeover of the insurer in 2008.

US inflation has fallen for the first time since June with the consumer price index falling 0.1% in October after rising 0.3% in September.

A Federal Reserve official has called for more "monetary accommodation" to tackle surging unemployment and the country's under pressure mortgage market.

The Securities and Exchange Commission (SEC) has approved rules making it harder for overseas firms to list in the US via mergers with shell companies - a move advocated by Fidelity's Anthony Bolton earlier this year.

US non-farm payrolls for October have come in below expectations, but revisions to previous figures have helped reassure markets as investors wait for further developments on Europe.

Government-controlled US mortgage financier Freddie Mac is seeking a further $6bn from US taxpayers, taking its total bailout to $72.2bn.

The world's biggest bond investor Bill Gross has regained his top spot amongst his peers as investors piled back in to riskier assets.

US shares moved higher at opening having seen heavy falls Tuesday, as positive jobs data boosted prices.

US growth has risen to 2.5% for the third quarter, up from 1.3% the previous quarter.

The US is set to see another ratings agency strip it of its AAA-credit rating by the end of the year, Bank of America Merrill Lynch has predicted.