QUICK READS

Jobless Claims Drop The number of U.S. workers filing new claims for jobless benefits fell last week by 17,000 to 421,000 — a bigger drop than economists expected.

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Brazil Economy Slows in Third Quarter Brazil’s pace of growth eased from earlier this year, an indication that interest-rate hikes and the expiration of tax cuts are working their way through the broader economy. Brazil’s Gross Domestic Product expanded 6.7% from a year earlier in the third quarter, down from a red-hot 9.2% rate in the second quarter. Quarter-on-quarter growth was also a more moderate 0.5% last quarter.

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In Europe, Bank Losses Stabilize, Report Says The central bank said that a sovereign debt crisis or an economic slowdown remained an issue, but that the situation had improved in the last few months.

China’s GDP tops Japan in third quarter China’s nominal GDP amounted to $1.42 trillion during July to September, beating Japan’s $1.37 trillion, report said on Thursday

Community Health Makes Bid for Tenet Hospital chain Community Health Systems made a $3.3 billion unsolicited offer for smaller rival Tenet Healthcare.

 

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