Finance counsels

New Zealand’s central bank may raise its benchmark interest rate as early as March as a surging housing market stokes consumer spending and fans inflation, according to economists and traders.
Reserve Bank Governor Alan Bollard yesterday said he may raise the official cash rate from a record-low 2.5 percent “around the middle of 2010” […]

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Spain’s industrial production fell the least in more than a year in October as government stimulus measures bolstered demand for cars even as unemployment continued to climb.
Output at factories, refineries and mines fell 9.2 percent from a year earlier, adjusted for the number of working days, the least since September of last year, […]

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Stocks struggled Wednesday as investors sought more evidence that a recovery is taking hold, one day after the Dow industrials closed at its highest point in 14 months.
Mixed readings on the labor market, GM’s management shakeup and record gold prices above $1,210 an ounce all played a role in the day’s trading.
The Dow […]

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The Securities and Exchange Commission filed fraud charges against Canopy Financial Inc., the health care financial services company that tumbled into bankruptcy this week amid accusations that it had falsified financial reports.
In its complaint, the SEC alleges that Canopy and Jeremy Blackburn — the former president and chief operating officer who resigned shortly after the […]

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The United States’ pattern of consumption funded by credit has an impact on its currency’s exchange rate, ECB’s governing council member Nout Wellink said on Thursday.
“The sub prime crisis was an expression of living above its means. That then translates into the exchange rate versus foreign currencies,” Wellink said during a symposium of the […]

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Tiffany & Co reported a larger-than-expected quarterly profit and raised its forecast for full-year earnings on the strength of its overseas sales and a solid start to the holiday season, sending the upscale jeweler’s shares up nearly 6 percent.
The company’s sales showed double-digit growth in Asia and a slower rate of decline for the […]

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Brocade Communications Systems Inc. has scheduled its earnings announcement three hours after the market closes Monday, long after Hewlett-Packard Co. posts its quarterly results.
The San Jose-based networking equipment company (NASDAQ:BRCD) is expected by analysts to report a drop in fourth quarter earnings per share to 13 cents, excluding items, compared to 20 cents a share […]

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Oil prices rose more than $2 to settle at $78.90 a barrel on Monday, regaining most of last week’s losses as the dollar drifted lower.
The U.S. dollar fell slightly on Monday against a basket of currencies, as it heads into a week likely to see increased debate over currencies during President Obama’s visit to […]

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The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.
The discord surfaced at a summit of the Asia Pacific Economic Cooperation (APEC) forum in Singapore when a reference […]

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AIG Chief Executive Robert Benmosche told his staff on Wednesday that he is "frustrated" with ongoing discussions with the government about bonuses, but he will remain with the company.
Benmosche said in a memo to employees that he remains "totally committed to leading AIG through its challenges," even though he is exasperated by "the time […]

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