'It makes sense to me if government or monetary authorities try to limit capital inflows in short-term liquidity segment,' Noritaka Akamatsu, senior adviser of the ADB's Office of Regional Economic Integration, told reporters in Singapore.

About 693 million shares exchanged hands.

At talks in Brussels Monday, EU nations where GM has plants vowed to avoid individual negotiations with the company before a Dec 4 meeting, where they will coordinate their response to GM's restructuring plans, due later this week.

Mr Sen, 76, said citizens' quality of life and their general wellbeing should be considered as a measure when looking at overall economic success, particularly since developed countries face social issues such as unemployment despite economic growth.

'We have had to change that mindset and we have now done so, and that has implications for our regulatory approach,' Financial Services Authority Chairman Adair Turner said.

Watson Wyatt said in its study, 'Extreme Risks", that investors should prepare for everything from currency and banking crises to trade protectionism and even the end of capitalism.

But he said the bank had a strategy to withdraw the liquidity-providing measures it put in place to support the financial system through the credit crunch and he urged governments of eurozone members to do the same.

The Dow Jones Industrial Average jumped 132.71 points (1.29 per cent) to 10,450.87 in final trades to the highest close since October 2008, rebounding from a three-session losing streak.

HP said net profit declined to US$7.7 billion (S$10.7 billion) in the year which ended on Oct 31 from US$8.3 billion a year ago.

The poll of 600 office workers in Canary Wharf in London and Wall Street in New York by management specialists Cyber-Ark revealed that 41 per cent of respondents had taken sensitive data with them to their new position A third also said they would pass on company information if it proved useful in getting friends or family a job.

'Our economy is growing again for the first time in more than a year,' Mr Obama told reporters after a meeting with his cabinet. 'We cannot be sit back and be satisfied given the extraordinarily high unemployment levels that we have seen.'

'We're going to work with members of Congress to try to come up with sensible and reasonable measures that might spur economic growth. I know those conversations continue,' White House press spokesman Robert Gibbs told a daily news briefing.

Sales of existing home sales surged a record 10.1 per cent month-over-month in October to an annual rate of 6.10 million units, the National Association of Realtors said on Monday, as buyers rushed to take advantage of a popular tax credit for first-time buyers that had been scheduled to end this month.