Finance counsels

Bank of England Deputy Governor Charles Bean said U.K. finance minister Alistair Darling would allow the bank to surpass the 150 billion-pound ($245 billion) ceiling for asset purchases by a “reasonable amount.”
“If we felt we needed to do more than 150 billion then we could write to the chancellor and ask him for […]

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Polish Finance Minister Jacek Rostowski weighed into the row between the government and the president over the role of the central bank, arguing the head of state should back a plan to make the bank help the budget.
Prime Minister Donald Tusk’s government is threatening to change the law to make the bank pay […]

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David Oneglia was looking at the likelihood of layoffs at his construction company. Then he landed a contract funded by the federal stimulus program to repair roads and bridges on Connecticut’s Merritt Parkway.
The $67 million job and the 80 workers it employs has allowed Oneglia to maintain his current payroll. It doesn’t permit […]

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State Street Corp. paid $60 million to repurchase warrants held by the U.S. Treasury, becoming the first major financial firm to exit the government’s $700 billion rescue program.
State Street, the world’s largest money manager for institutions, previously bought back $2 billion in preferred shares it received in October under the Troubled Asset Relief […]

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India’s industrial production increased at the fastest pace in eight months as record-low interest rates and government stimulus measures helped revive demand and investment.
Output at factories, utilities and mines jumped 2.7 percent in May from a year earlier after a revised 1.2 percent gain in April, the statistics agency said in New Delhi […]

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Democrats who control the levers of power in Washington are divided over whether to push for more deficit spending to end the recession and stem job losses, complicating the possibility of a second stimulus bill.
“We need to be open to whether or not we need further action,” House Majority Leader Steny Hoyer, a […]

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Home prices may fall in more than half of the largest U.S. cities through the first quarter of 2011 as unemployment and foreclosures rise, mortgage insurer PMI Group Inc. said.
Thirty of the 50 biggest metropolitan areas have at least a 75 percent chance of lower prices through March 31, 2011, Walnut Creek, California-based […]

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The number of Americans signing contracts to buy previously owned homes rose for a fourth consecutive month in May, a sign the four-year slump in housing sales may be bottoming out.
The 0.1 percent gain in the index of signed purchase agreements, or pending home resales, followed a 7.1 percent rise the prior month […]

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