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India Seeks Action From Pakistan
India demanded that Pakistan take "strong action" on the Mumbai attacks, while Rice said the U.S. expects Pakistan's cooperation.

India Names New Home Minister
India tapped its Finance Minister, Palaniappan Chidambaram, to become home minister after the incumbent resigned in the wake of the Mumbai terror attacks.
Tata Chief Speaks Out After Attacks
For Ratan Tata, the understated senior statesman of Indian business, the terror attacks on Mumbai hit extremely close to home.
Tokyo Falls 1.4%, Shanghai Gains
Asian markets ended mixed as concerns about the U.S. economy weighed on Tokyo, while Hong Kong and Shanghai advanced. The Nikkei fell 1.4%
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Manufacturing Slows in China
Two key gauges of manufacturing in China fell to record lows in November, signaling the country's economic growth will likely slow further in coming months before getting a boost from the government's pro-growth policies.
Thais Look to Courts, Royal Family
With Thailand's government stymied by the political crisis paralyzing the country, many Thais are hoping that two powerful institutions might be able to end the stalemate.
- Protracted Thai Crisis Is Choking Its Economy
- Video: Thailand Political Crisis Deepens
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Cheil Buys Stake in Beattie McGuinness Bungay
Cheil Worldwide, South Korea's largest advertising agency by sales, bought a 49% share in London creative agency Beattie McGuinness Bungay as part of its push to expand globally.
Suicide Bomber Kills 10 in Afghanistan
A suicide bomber apparently trying to target Afghan police detonated his explosives in a crowded market in southern Afghanistan, killing eight civilians and two policemen.
- Video: Kabul Suicide Bomber Targets German Car
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Asia's Export Engine Sputters
Asia's exporters are facing a scarcity of credit, compounding the bigger problem of shrinking demand for their goods in the West.
South Korea's High Household Debt Adds Financial Woes
South Korea tackled one big problem, bank liquidity, after the economic crisis went global in recent months. Now another problem is creating uncertainty: high levels of household debt.
Hu: Financial Crisis Is Test for China
Chinese President Hu Jintao warned that the global financial crisis is sapping China of its competitive advantage in trade and that it will test the government's ability to steer the country.

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Heard on the Street

India Politics Constrain Singh
Even Manmohan Singh, the Indian prime minister and economist who took on the finance minister's portfolio is utterly hamstrung by India's fiscal and political hard truths.
Yuan Speculators Bet Against Beijing
China has wielded nearly every tool it has to fight an economic slowdown, except one: the yuan. Now some think a weakening of the yuan is in store.