Reuters Money: Consumer spending posts biggest rise in five months

	Click to View in Browser 08/30/2012 Consumer spending posts biggest rise in five months WASHINGTON (Reuters) - Consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter. Pimco, the quiet giant among commodity investors: Kemp LONDON (Reuters) - Pimco is well-known as the world's largest bond fund. But how many people realize it is also the largest investor in commodities, with a portfolio dwarfing the more high-profile pension funds? Global curbs loom on offshore corporate tax avoidance LONDON (Reuters) - Cash-strapped governments keen to replenish their coffers and international bodies such as the OECD are stepping up efforts to claw back revenue lost when companies shift profit overseas to cut their tax bills. Column: For policymakers, lessons from the 2011 oil release - Kemp (John Kemp is a Reuters market analyst. The views expressed are his own) Global shares dip, euro steadies ahead of Bernanke speech LONDON (Reuters) - Uncertainty over prospects for economic stimulus measures from the U.S. Federal Reserve pulled world shares lower on Thursday, but the euro edged up after China voiced some support for the debt-laden currency bloc. In Switzerland, investors fret at shortage of government debt ZURICH/BERNE (Reuters) - Switzerland's low level of government debt is the envy of many of its troubled neighbors in Europe, but it poses problems for some investors who wish the federal government would be a bit less thrifty. Citigroup settles shareholder CDO lawsuit for $590 million NEW YORK (Reuters) - Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis. Swiss insurer Baloise sees growth in tax-efficient products ZURICH (Reuters) - Tax-efficient schemes for the wealthy started to pay their way at Swiss insurer Baloise as the company reported a near-8 percent increase in first-half profit on Thursday. Stern Advice: The party platform: What's in it for you? WASHINGTON (Reuters) - Of course on November 6, you'll vote for the presidential candidate who has the vision for America that you like best; the one whose policies and strengths will be best for the country. Up to $60 billion in savings from pension reform: Calpers SACRAMENTO, California (Reuters) - Pension reforms that are now before California lawmakers could save government employers in the state's retirement system $40 billion to $60 billion over 30 years, the system's chief actuary said on Wednesday. Related Video Getting to the top of mobile wallets Wealth Strategies: Uncertainty sending investors to options Business News Wall Street slips at open with Bernanke in focus Consumer spending posts biggest rise in five months The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend