Top Indices News

WASHINGTON (Reuters) - Steps by the Federal Reserve to pump more money into the U.S. economy through government bond purchases could stoke inflation, even though growth will remain moderate through 2011, a survey showed on Monday. The National Association for Business Economics (NABE) said its 51-member forecasting panel continued to rank inflation as a bigger worry than deflation. The survey was conducted between October 21 and November 4. The Fed's November 3 decision to buy an additional $600 billion worth of government bonds to stimulate the economy and prevent prices for spiraling lower has been criticized both at home and abroad. About a third of NABE panelists view the Fed's second asset purchasing program as somewhat lessening the risks of deflation, while another 33 percent saw the step as risking inflation. Still, they forecast the Fed's preferred measure of consumer inflation -- the personal consumption expenditures price index excluding food and energy -- to rise to 1.5 percent by the end of 2011 from...

Canon Corp. is the world's biggest maker of cameras, office equipments maker and it's the world's second-largest printer maker, released its statement which showed the company increased its full-year earnings forecast by 2.1%, as the company reduced the production costs along with higher camera exports.  The company indicated that the operating profit (sales minus the cost of goods sold and another expenses), may be 390 billion yen during the year, compared with a previous forecasts for 360 billion yen, while the company expects camera sales will increase to be 26.7 million units, against a July expectation of 26.5 million units.  Moreover, Canon expects annual net income will jump to reach 245 billion yen ($3 billion) by the end of the year, which compared with a previous projection of 240 billion yen.