Currencies: Dollar edges up vs. most rivals as investors eye volatile markets
The dollar gains slightly against the euro and other major rivals and is steady against the yen, as sharp swings in equities trading make it difficult for investors to gauge risk.

Amid wild ride, stocks gain in Europe, lose in US (AFP)

AFP – Global stock markets bounced from valley to peak Friday in choppy trade that saw big gains in Europe but a loss of momentum on Wall Street, with investors frazzled in the face of a looming economic slowdown.

Bush, Sarkozy to meet as signs of recession mount
NEW YORK (Reuters) – Evidence piled up on Friday that the world is slipping into recession but the White House played down expectations for a weekend meeting between lame-duck U.S. President George W. Bush and European Union leaders.

European exchanges suffer big losses, London sheds 5.35% (AFP)

AFP – European stock markets suffered sharp losses for a second straight day Thursday as recession clouds deepened over the US economy.

CA-CANADA Summary (Reuters)
Reuters – Stephane Dion, the leader of Canada’s main opposition Liberals, will not have much time to decide if he will try to hang on to his job after the party produced one of its worst results ever in Tuesday’s election, a senior party official said on Thursday. The party won just 76 of Parliament’s 308 seats — a drop of 21 from the January 2006 election — and gathered 26.2 percent of the vote, the lowest level since 1867.

America’s wealthy feel bite of financial crisis (Reuters)

Reuters – For the past two weeks, Kathryn Morrison and her husband have been shaken awake at night by visions of crashing stock markets and evaporating retirement plans.

Arab stocks slide for second day to finish week mixed (AFP)

AFP – Arab stock markets fell on Thursday for a second day, with Gulf shares finishing a roller-coaster week mixed as recession fears continue to haunt the global economy.

Poorer tourists could still bring riches to Latin America (AFP)

AFP – As stock markets sink and fears grow of a global recession, Latin America is banking on gains as well as losses from tourists tightening their purse strings.

Broadcasters press FCC on ‘white spaces’ report
The National Association of Broadcasters says that the organization and its allies have filed an emergency request with the Federal Communications Commission, seeking to counter a report issued earlier this week that favored technology firms pressing for the use of “white spaces” spectrum to provide broader Internet access.

EBay draws $1 billion from revolving credit facility
SAN FRANCISCO (Reuters) – EBay Inc said on Friday it had borrowed $1.0 billion under its revolving credit facility, with funds going toward its pending acquisition of payments services Bill Me Later and other general corporate purposes.