Ian Richards News
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The radio-controlled miniature versions of an iconic British automobile shuttling javelins and hammers back to athletes at the London Olympics are drawing attention and raising questions about a ban on advertising within sports venues at the games.
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European stock strategists are backing away from their most-pessimistic forecasts as policy makers agree on measures to tackle the region’s debt crisis.
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European equities will climb 12 percent through the end of next year, beating 2010’s gains, as rising earnings and record-low interest rates help companies overcome the sovereign-debt crisis, a Bloomberg survey of 13 strategists shows.
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European stocks closed little changed after better-than-forecast data on U.S. company hiring and services growth offset concern that China’s banking regulators are bracing for home-price declines of as much as 60 percent.
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The panel of U.S. economists that calls the beginnings and ends of recessions may be a lot busier in the coming decade than it was in the past quarter century.
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Investors should employ a bearish options strategy on U.K. stocks because a slowdown in global manufacturing and rising inflation in emerging markets may reverse the equity rally, Royal Bank of Scotland Group Plc said.
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Industrial countries are embarking on the most aggressive tightening of fiscal policy in more than four decades, led by the U.S. and Britain, as governments gamble they can pare debt without strangling an economic recovery.
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JPMorgan Chase & Co. advised investors to buy European equities for the coming 6 to 12 months, while Royal Bank of Scotland Group Plc forecast stocks may rise “potentially very strongly” in 2011.
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European stocks climbed for the first time in four days as increasing takeover activity and faster-than-projected growth in U.S. retail sales boosted optimism in the economic recovery.
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World leaders from the U.K.’s David Cameron to Naoto Kan of Japan are betting they can deliver fiscal austerity without derailing economic prosperity. History suggests they may be right.
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