Finance counsels

Home values in 20 U.S. metropolitan areas probably declined at a slower pace and consumer confidence improved, signs the recession is abating as the real-estate crisis eases, economists said before reports today.
The S&P/Case-Shiller home-price index fell 14.2 percent in July from a year earlier, the least in 17 months, according to the median […]

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The U.S. Treasury Department plans a new liquidity and mortgage bond purchase program to help state finance agencies that provide mortgages to low-income borrowers, Treasury officials said.
The program would provide as much as $15 billion in fresh liquidity for as long as three years and would purchase as much as $20 billion in […]

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Former U.S. Federal Reserve Chairman Alan Greenspan expressed concern over inflation, while Dominique Strauss-Kahn, the International Monetary Fund’s managing director, speaking to the Yalta European Conference in southern Ukraine, suggested first securing an economic recovery.
“Going out of the crisis will have consequences, we need to discuss an exit strategy,” said Strauss-Kahn during the […]

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Japan’s exports fell for an 11th month in August as the economic recovery struggled to gain traction.
Shipments abroad dropped 36 percent from a year earlier compared with a 36.5 percent decline in July, the Finance Ministry said today in Tokyo. From a month earlier, exports fell 0.7 percent, the second straight decrease.
Today’s […]

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Brazil’s credit rating was raised to investment grade by Moody’s Investors Service after Latin America’s largest economy built record foreign reserves and averted a prolonged recession amid the global financial crisis.
Moody’s cited Brazil’s “strong economic and financial resilience” during the worldwide slowdown as it raised the rating one level to Baa3, the lowest […]

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Germany’s recovery from recession came in time to give a boost to Chancellor Angela Merkel’s re- election bid in the Sept. 27 vote. It may not last much longer.
Unemployment is set to jump and consumer spending to fall in 2010 as government stimulus runs out, according to the Halle- based IWH institute, an […]

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Palm Inc.’s smartphone sales rose 134% to 823,000 units during the latest quarter on the back of the new Pre, but the company still reported its ninth consecutive quarterly loss and sales fell 81%.
The company also announced that it will offer approximately 16 million shares of common stock for "working capital and general […]

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Britain posted the biggest budget deficit for any August since modern records began in 1993 as the recession destroyed tax revenue and welfare costs soared.
The 16.1 billion-pound ($26.3 billion) shortfall compared with a deficit of 9.9 billion pounds a year earlier, the Office for National Statistics said in London today. The median of […]

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Treasurer Wayne Swan maintained his forecast for the nation to return to a budget surplus by 2016 even as it grapples with a surge in population and the resulting pressure on services.
Managing the rising population and the impact of climate change may be “two of our greatest economic challenges,” Swan said in e-mailed […]

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Japan’s manufacturers turned optimistic for the first time in almost two years and demand for services rose for a second month in July as the world’s second- largest economy emerged from its deepest postwar recession.
Today’s reports reflect the impact of a 25 trillion yen ($275 billion) fiscal-stimulus package aimed at boosting household spending, […]

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