Read more on Dubai’s debt woes in the following stories.

- Who is who in Dubai corporate map

- Banks, world leaders play down Dubai debt threat

- Dubai must recover investor faith

Other Highlights:

*  It’s a big day for economic data with personal spending and income, consumer sentiment, new home sales and the weekly jobless claims on tap.

*  Tiffany reports results that will show whether it has been able to sustain the improvement in sales it reported in August.

*  Deere & Co reports fiscal fourth-quarter earnings and will provide investors with a preliminary glimpse into the coming year.

*  At the Reuters India Investment Summit in Bangalore and Mumbai, speakers include top executives from Infosys Technologies, Wipro, SAP India, Mphasis and Mahindra Satyam.

When the government announces revised third quarter GDP figures at 8:30 am EST, analysts expect weaker numbers than previously reported as companies slashed inventories. The initial reading came in at 3.5 percent but economists in a Reuters poll now see a softer 2.9 percent.

In the afternoon, investors will get a look at the minutes of the FOMC’s Nov 3-4 policy meeting and will be looking for any sign the Fed is preparing to exit its ultra-easy policy.

On the earnings side of the coin, H.J. Heinz, Barns and Noble and Borders Group, along with American Eagle and Warner Music Group will unveil their latest results.

Other Highlights:

*  Nortel assets hit the auction block. Nokia Siemens Networks and private equity firm One Equity Partners have jointly bid for Nortel Networks Corp’s optical networking and carrier ethernet business, a person familiar with the sale said on Wednesday.

*  The Bank of Japan announces the decision of its two-day policy board meeting.

*  In what promises to be a fiery debate, the Senate Banking Committee begins discussion on Committee Chair Christopher Dodd’s Restoring American Financial Stability Act, a comprehensive bill to reform the financial system.

*  Also in Washington, Treasury Secretary Timothy Geithner testifies on financial regulatory reform before the Joint Economic Committee.

*  Quarterly results are expected from Gap, Sears, AnnTaylor and Children’s Place.

Other Highlights:

*  Limited Brands, operator of the Victoria’s Secret and Bath & Body Works chains, is set to post a third-quarter loss, having struggled with sales of what are seen as non-necessities.

*  BJ’s Wholesale Club is forecast to report lower profit as it contends with falling food prices and lackluster demand for its general merchandise.

- Click here to view more stories on Iran.

Other highlights:

*  Brian Moynihan, on the short-list of CEO candidates at Bank of America, is expected to testify at a House Oversight Committee hearing.

*  Target has reported eight consecutive declines in quarterly profit but it may break that streak with its third quarter results.

*  Producer prices are expected to have risen 0.5 percent in October after an unexpected 0.6 percent in September, which was largely driven by a 2.4 percent decline in energy prices. Economists expect industrial output data to show production inched up.

*  At the Reuters Finance Summit we speak with former Merrill Lynch CEO John Thain, HSBC North America CEO Brendan McDonagh, Nomura COO of Americas Takeo Sumino, and Hudson City Bancorp CEO Ronald Hermance.

Other highlights:

*  Barack Obama makes his first trip to Asia as president, leaving behind a host of domestic problems on a visit that recognizes the region’s economic and diplomatic importance to the United States.

*  Google and a group representing authors and publishers face a Friday Department of Justice-set deadline to submit a revised agreement over modifications to a controversial electronic books licensing deal.

*  Initial public offerings from Dollar General, a leading discount chain owned by KKR, and rue21, a fast growth youth apparel chain owned by Apax Partners, begin trading on the NYSE.

*  On the economic front, expect international trade data and a preliminary reading on the November Reuters/University of Michigan sentiment index.

*   Wal-Mart is expected to report higher third-quarter earnings, but Wall Street is focused on U.S. sales, which the retailer has stopped reporting on a monthly basis.

*  Walt Disney is expected to report earnings of 41 cents per share and further emphasize a recovery in advertising sales seen at the cable networks of competitors Time Warner and Viacom.

*  Anheuser-Busch InBev is braced to report a decline in consumption of its beers such as Budweiser, Stella Artois and Beck’s, weighing on profits in the first half.

*  At the fourth day of the Reuters Health Summit being held in New York, we speak with FDA Commissioner Margaret Hamburg, GlaxoSmithKline CEO Andrew Witty, and Schering-Plough CEO Fred Hassan.

*  Treasury Secretary Timothy Geithner arrives in Singapore for a meeting of finance ministers from the 21-nation Asia-Pacific Economic Cooperation.