Finance counsels

Treasury Secretary Timothy Geithner pushed Group of Seven officials to soften criticism of China last month, according to a person briefed on the matter, after his accusation that the nation was “manipulating” the yuan strained ties with the U.S.’s second-biggest trading partner.
G-7 finance ministers and central bankers on Feb. 14 welcomed “China’s fiscal […]

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Nearly a third of U.S. consumers feel it will be a year before their families are better off than they are today, and more than a quarter think it will take longer, according to a retail survey on behalf of Reuters.
Findings from the survey by America’s Research Group released on Tuesday pointed to tough […]

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Ford Motor aims to grow faster than China’s car market this year, which it expects to expand 10 percent in 2009, thanks to the rollout of a new Fiesta small car.
Nigel Harris, head of Ford’s sales and marketing in China, told Reuters the carmaker grew more confident after its flagship car venture in China […]

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More than 11% of all mortgages are either delinquent or in foreclosure, according to an industry report released Thursday.
The percentage of borrowers at least one month behind in their mortgage payments - but not in foreclosure - rose to nearly 8% during the fourth quarter of 2008, according to the National Delinquency Report […]

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NEW YORK–Oil prices slumped today after China announced no additional measures to revive its economy, and a variety of government reports suggested that energy use could fall further still.
Light, sweet crude for April delivery fell US$1.77 to settle at $43.61 a barrel on the New York Mercantile Exchange. In London, Brent prices tumbled […]

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JEFFERSON CITY — Gov. Jay Nixon’s statements last week tossing cold water on the proposed AmerenUE nuclear plant bill must not have trickled down to the Missouri House.
A new version of the bill passed a utility hearing 12-1 on Tuesday. The bill would pave the way for a new $6 billion Callaway […]

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European Union Monetary Affairs Commissioner Joaquin Almunia said EU policy makers have “a solution” for any euro-area country in crisis before a government would have to seek International Monetary Fund aid.
“If the crisis emerges in one euro-area country, there is a solution,” Almunia said at a conference in Brussels today. “There is a […]

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Billionaire Warren Buffett said the economy will be “in shambles” this year, and perhaps longer, before recovering from the reckless lending that caused the worst “freefall” he ever saw in the financial system.
The economy and stocks will rebound, and the best days for the U.S. are ahead, said Buffett, chairman of Berkshire Hathaway […]

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Frank D’Angelo, the flamboyant entrepreneur who crashed spectacularly a few years ago in beer and juice ventures, is back for another shot at big-time business.
D’Angelo announced yesterday one of his old companies is relaunching "Cheetah Power Surge," a non-caffeinated energy drink, for distribution in unidentified convenience stores and national grocery chains.
Cheetah gained notoriety when D’Angelo […]

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