Nov. 27 (Bloomberg) -- The euro rose against the dollar as European stocks advanced for a fourth day and a report showed unemployment declined in Germany, the region’s largest economy.

Nov. 27 (Bloomberg) -- Asian stocks rose after China lowered interest rates by the most in 11 years to spur growth. India suspended trading after terrorist attacks killed 80 people in Mumbai, the nation's financial hub.

Moral hazard has its costs, but it also has its benefits: Fed Intervention: Managing Moral Hazard in Financial Crises, by Harvey Rosenblum, Danielle DiMartino, Jessica J. Renier and Richard Alm, Economic Letter, FRB Dallas: Editor’s note: Federal agencies and regulators have taken decisive steps to combat the financial crisis that began in the summer of 2007 and continued into the fall of this year. This Economic Letter focuses on key Federal Reserve actions through early October. At the

Stocks were mixed in Europe and Asia amid worsening expectations for the global economy.