Finance counsels

Confidence in the world economy stayed near rock-bottom in November as a global recession loomed, a survey of Bloomberg users on six continents showed.
The Bloomberg Professional Global Confidence Index was at 6.6 compared with 4 in October, the lowest level since the survey started a year ago. A reading below 50 means pessimists […]

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The European Central Bank’s chief and the chairman of euro zone finance ministers sided with Germany on Thursday in rejecting any need for a European rescue fund for banks suffering from the global financial crisis.
France confirmed that President Nicolas Sarkozy would host a summit on the global financial crisis with leaders of Germany, Britain […]

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The adjustment in U.K. house prices will be “painful'' for many households as home values fall to a more sustainable level, Bank of England Chief Economist Spencer Dale said.
“A range of indicators point to further weakness in the months ahead,'' Dale said in a speech to business leaders in Dover today. “This process […]

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The University of Colorado-Boulder will announce Monday afternoon that it has won a NASA contract to lead a project to study the past climates of the planet Mars, with officials describing it as the largest research contract in the history of the Boulder campus.
CU-Boulder scheduled a 2 p.m. MDT news conference to announce details of […]

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Stocks struggled Tuesday morning, as investors were cautious after the previous session’s advance on relief about the government’s housing rescue plan.
The Dow Jones industrial average (INDU), the broader Standard & Poor’s 500 (SPX) index and the Nasdaq composite (COMP) all inched lower in the early going.
That followed a strong session Monday, when the Dow […]

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India's inflation accelerated to the fastest pace in more than 13 years, strengthening the case for the central bank to increase borrowing costs this month.
Wholesale prices rose 11.63 percent in the week to June 21, after gaining 11.42 percent in the previous week, the government said in a statement in New Delhi today. […]

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South Korea's industrial output rose less than economists expected in May, adding to signs the economy's expansion will slow this year.
Production climbed 8.3 percent from a year earlier, easing from April's revised 10.4 percent gain, the National Statistical Office said today in Gwacheon. That fell short of the 9.8 percent median estimate in […]

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Europe's manufacturing and services industries unexpectedly shrank and German business confidence slumped in June, increasing concern the European Central Bank's plan to raise interest rates next month will hurt economic growth.
Royal Bank of Scotland Group Plc's composite index fell to 49.5 from May's 51.1, the first time it dropped below 50 in five […]

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Starting Thursday, June 12, television viewers will get a look into the inner workings of United Parcel Service Inc.’s Worldport air cargo hub at Louisville International Airport.
"Ultimate Factories: UPS," will premier at 9 p.m. on the National Geographic Channel (Insight Communications digital cable channel 450, DirecTV channel 276, DISH Network channel 186). […]

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Currencies in Europe will benefit from record oil prices because of the region's energy efficiency, exports to oil-producing nations and vigilance against inflation, according to Barclays Capital.
The euro, the British pound, the Swiss franc, the Swedish krona and the Norwegian krone should perform “relatively well'' as oil prices rise, wrote David Woo, global […]

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