Hedge funds reap rewards from bet on Lehman Europe carcass

LONDON: Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout to creditors of the European arm.

Inflation likely to remain stable as recovery strengthens: IMF

WASHINGTON: Asserting that inflation is likely to remain stable as the recovery strengthens, the International Monetary Fund has said fears about high inflation should not prevent monetary authorities from pursuing highly accommodative monetary policy.