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Fed hawks push for move away from housing-linked stimulus

A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing recent improvement in the housing market.
Kristen Hays and Francesca Landini, Reuters
Posted on 5-16-2013 at 1:30 PM

Mihir Dange, Metals Options Trader, Amarok Capital

Gold slides to 4-week low as investors sidestep bullion

Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent price falls favoured other assets.
Jan Harvey and Clara Denina, Reuters
Posted on 5-16-2013 at 2:01 PM

U.S. CPI falls on gasoline; biggest drop in 4 years

A sharp drop in gasoline costs led U.S. consumer prices to tumble in April by the most in over four years, while a gauge of underlying inflation was so weak it could worry the U.S. Federal...
Reuters
Posted on 5-16-2013 at 8:35 AM

Ashok Kumar, Senior Technology Analyst, Maxim Group

Dell's profit dives as billionaire battle rages on

Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales...
Poornima Gupta, Reuters
Posted on 5-16-2013 at 4:47 PM

Paul Masson, fellow at C.D. Howe Institute

Time for BoC to hike rates says former aide

The Bank of Canada should raise interest rates now because five years of low rates are creating distortions in the economy, such as excessive debt and an overheated housing market, a former...
Louise Egan, Reuters
Posted on 5-15-2013 at 2:26 PM

U.S. producer prices post big drop, factory activity weak

U.S. producer prices recorded their largest drop in three years in April as gasoline and food costs tumbled, pointing to weak inflation pressures that should give the Federal Reserve...
Lucia Mutikani, Reuters
Posted on 5-15-2013 at 11:39 AM

Bank of England offers ray of hope for UK economy

Britain's central bank lifted a bit of the gloom hanging over the economy on Wednesday, delivering a slightly improved outlook for inflation and growth for the first time since the...
David Milliken and Christina Fincher, Reuters
Posted on 5-15-2013 at 6:48 AM

For Japan lenders, Abenomics' pain comes first, gain later

Japan's top three banks forecast weaker annual earnings as aggressive monetary easing squeezes them out of a profitable government bond trade and forces them to rely more on...
Taiga Uranaka, Reuters
Posted on 5-15-2013 at 7:05 AM