Finance counsels

The Federal Reserve will be unable to prevent the trillions of dollars in government stimulus pumped into the U.S. economy from stoking inflation over the next decade, a survey of business economists showed.
The price gauge tracked by the central bank will rise 3 percent a year on average from 2014 through 2018, according […]

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AstraZeneca’s new pill Brilinta for preventing heart attacks works better than Plavix, the world’s second biggest selling drug, without increasing the amount of life-threatening bleeding, researchers said on Sunday.
The positive clinical trial result should ensure the blood thinner wins a slice of the Plavix market, worth $9 billion last year, and is likely to […]

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The first time the Dow Jones industrial average entered five-figure territory, corporate bigwigs tossed hats that said "Dow 10,000" to cheering traders on the floor of the New York Stock Exchange.
That was a decade ago. Traders could soon see 10,000 again soon, but any celebrating would be more relief than an expression […]

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Consumer confidence in Italy rose to its highest in 2 1/2 years in August on signs that household spending is benefiting from falling prices, signaling the economy is recovering from its worst recession in six decades.
The Isae Institute’s consumer confidence index climbed to 111.8 from 107.5 the previous month, the Rome-based research center […]

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Iceland’s krona is undervalued even after the country imposed capital restrictions to prevent a sell-off and following 11 consecutive months of trade surpluses, new central bank Governor Mar Gudmundsson said.
“The exchange rate of the krona is currently well below reasonable estimates of the medium-term equilibrium rate,” said Gudmundsson, 55, who took over on […]

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Oil touched a year-high above $73 a barrel on Friday ahead of further pointers on the economic health of the United States and as the dollar flagged against a stronger euro.
The new front month U.S. crude futures contract for October delivery was up 83 cents at $73.74 a barrel and had reached as high […]

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Bank of Israel Governor Stanley Fischer, a former vice chairman of Citigroup Inc., said the global banking system may require “radical restructuring” to avoid future financial crises.
“We seem to be taking it for granted that we should go back to the structure of the financial system as it was on the eve of […]

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The index of U.S. leading economic indicators probably climbed in July for a fourth consecutive month, another sign the worst recession in seven decades is almost over, economists said before a report today.
The Conference Board’s gauge of the economic outlook for the next three to six months rose 0.7 percent for a second […]

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The U.S. recession is ending “right now,” said Abby Joseph Cohen, a senior investment strategist at Goldman Sachs Group Inc.
The economy may grow by 3 percent in the next couple of quarters and expand by 1.5 percent to 2 percent next year, Cohen said. While consumer spending is likely to rise, it probably […]

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U.K. mortgage repossessions rose at a slower pace in the second quarter as lower interest rates helped homeowners cope with their record debts.
Banks took possession of 11,400 properties, compared with 12,700 in the previous quarter, the Council of Mortgage Lenders said in an e-mailed statement today in London. The reading shows a 14 […]

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