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Wednesday, April 3, 2013

Reuters Money: Fed hawk Lacker and dove Evans face off over inflation

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04/3/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Fed hawk Lacker and dove Evans face off over inflation
RICHMOND, Virginia (Reuters) - One of the Federal Reserve's most hawkish officials confronted one of the institution's most dovish policymakers on Tuesday in a rare joint public debate over the risks posed to inflation by the U.S. central bank's bold steps to spur growth.
A time of unqualified promises
(Reuters) - Just as Mario Draghi's pledge to "do whatever it takes" to preserve the euro is being challenged, the very same unqualified promise, this time to simply stop prices falling, is about to be put into action in Japan.
Pension plan advisors see top gains in emerging market stocks
NEW YORK (Reuters) - Consultants who advise companies on how to manage their employees' retirement plans expect emerging market stocks to outperform in a lower-return environment over the next several years, a survey by bond giant PIMCO showed on Monday.
IRS weighs changes to Obama healthcare investment tax rules
WASHINGTON (Reuters) - Businesses and wealthy owners of estates and trusts asked the IRS on Tuesday for changes to a part of President Barack Obama's 2010 healthcare law that has received comparatively little attention: a 3.8 percent tax on investment income intended to provide the bulk of the law's funding.
Luxury spending in Europe hit by drop in tourist demand
PARIS (Reuters) - At the seven-story retail temple that is Louis Vuitton's flagship store in Paris, there are signs of a slowdown in spending by Asian tourists - the recent driving force in a European luxury market defying recession.
Check-in delayed for Delhi airport hotels over security
MUMBAI/NEW DELHI (Reuters) - The 287-room Lemon Tree Premier hotel at Delhi's Indira Gandhi International Airport features a dramatic view of planes landing and taking off, but it has no guests to see them.
Why stock picking works when investing overseas
NEW YORK (Reuters) - When it comes to picking funds, most investors would do themselves a favor by ignoring stock picking altogether.
Fidelity Contrafund's Danoff cuts Apple stake 10 percent
BOSTON (Reuters) - Portfolio manager Will Danoff, whose $92 billion Fidelity Contrafund is the largest active shareholder in Apple Inc, cut the fund's stake in the iPhone maker 10 percent during the first two months of 2013.
Consumer delinquencies on home-related loans dip: ABA
WASHINGTON (Reuters) - U.S. consumer delinquencies on home-related loans fell in the fourth quarter of 2012, which could indicate a slow recovery is underway in the housing market, the American Bankers Association said on Tuesday.
DoubleLine's Gundlach says "lost decade" in stocks unlikely -call
NEW YORK (Reuters) - Jeffrey Gundlach, chief investment officer and chief executive of DoubleLine Capital LP, said Monday that another "lost decade" in stocks is unlikely and that lower yields on 10-year Treasury notes have made them less attractive.
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