Paul Sheard, Chief Global Economist, Standard & Poor's, says Japan is still not getting the right kind of inflation and explains why the tax hike could be a headwind to recovery.» Read More
Fed Chairman Ben Bernanke issued a rare warning on the risks that a weak dollar poses for inflation, but said U.S. interest rates are "well positioned."
Approvals to build new homes in Australia showed unexpected strength in April, but analysts cautioned that much of the improvement was in the volatile apartment sector and housing remained in the doldrums.
South Korea's foreign reserves posted their second-biggest loss in a decade in May, data showed on Tuesday, after dealers reported authorities dumped some $2.5 billion during the month to prop up the local currency.
The dollar fell against the yen and gave up much of its gains versus the euro Monday after rating agency Standard & Poor's downgraded U.S. financial sector firms.
As downgrades to Wall Street banks sent the Dow, Nasdaq and S&P into negative territory, CNBC asked the experts for investing advice.
Sky-high fuel and food prices crashed the party when finance ministers flocked to Frankfurt to celebrate the inflation-fighting European Central Bank's 10th birthday on Monday, a milestone in Europe's monetary union.
European stocks are set to stay range-bound this week as the subprime crisis continues to take its toll on confidence and rising inflation means investors do not expect the European Central Bank to cut rates any time soon.
Australian retail sales suffered a surprise fall in April as consumers cut spending on food and recreation in the face of surging living costs, but also perhaps lessening the need for a further increase in interest rates.
These days, a quick trip to the store can be all it takes to break the bank. But there's plenty of easy ways to keep your basic spending in check.
The Fed probably will stay in a holding pattern, with little incentive between now and the November presidential election to move rates either way, analysts say.
Stocks closed higher, led by technology shares, ending the a holiday-shortened week in the positive.
U.S. consumer confidence fell to a 28-year low in May on soaring inflation expectations. "Consumers are running scared..."
The dollar fell to session lows versus the euro and traded flat against the yen as investors took profits ahead of the weekend after recent strong gains in the U.S. currency, traders said.
Stocks moved higher on positive earnings in technology and a report that inflation appeared to be moderating.
Many Americans allowed themselves to fantasize about large-screen TVs, European vacations and other luxuries when they learned of the federal rebates they'd be getting this spring and early summer.
Stocks were set for a positive open, as Dell boosted tech futures and the market awaited numers that would help clear up the inflation picture.
Global food prices could rise further in the short term and keep rising over the longer term as supplies are unlikely to match increased demand, a European Central Bank note said.
U.S. personal spending rose by 0.2 percent in April as forecast and a key measure of inflation moderated, government data on Friday showed.
On the verge of the European Central Bank's 10th anniversary, the news on inflation doesn't look good. Against the bank's target of "below but close to" 2 percent, euro-zone prices rose 3.6 percent in May, compared with the year ago, back to a historic high, data showed on Friday.
Japanese annual inflation dipped to 0.9% in April, thanks to a short-lived cut in a gasoline tax, but economists warned this would bring just temporary relief and a new decade high loomed.