U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said.» Read More
U.K. investor attention will be on the Bank of England's monetary policy committee (MPC) when it meets Thursday as the group tries to balance inflation and the threat of a recession.
The European Central Bank's inability to raise rates may mean the time for a jump back into the dollar has arrived, as the full effects of the credit crunch still have to be felt in Europe, analysts told CNBC.com.
The European Central Bank's hawks must be aching to hike rates, but they will likely sit on their hands again and leave rates at 4 percent despite inflation rising to 3.6 percent in May.
The U.S. service sector grew in May for a second straight month, exceeding Wall Street expectations but showing a worrying surge in inflation pressures.
U.S. private-sector employers added 40,000 jobs in May, according to a private report on Wednesday by ADP Employer Services that defied Wall Street's expectations of a fall.
U.S. productivity grew at a slightly faster-than-expected 2.6 percent annual rate during the first quarter on stronger output than was initially gauged, government data on Wednesday showed.
U.S. mortgage applications fell for a third consecutive week, reaching its lowest level in over six years as demand for home refinancing loans plunged, an industry group said Wednesday.
Australia's economy grew by more than expected last quarter, helped by spending on infrastructure and defence, while the consumer held up surprisingly well in the face of high interest rates and surging living costs.
The stock market will have to shake off its renewed fear of the financials if it is to move ahead Wednesday.
Japanese firms cut capital spending less than expected in January-March from a year earlier, prompting views that economic growth for the quarter could be revised higher at a time when uncertainty hangs over the economy.
Mark it down. May is the month that finally broke the back of the Big 3's great run with trucks and SUVs. Oh sure, Detroit still dominates the truck business, but it's clear buyers want something less, that's what is hurting Detroit.
U.S. light, sweet crude oil futures fell sharply, pressured by the dollar's strength after Federal Reserve Chairman Ben Bernanke's warnings about the impact of the dollar on inflation and by concerns that oil demand is being curbed by high prices.
The dollar advanced broadly on Tuesday after Federal Reserve Chairman Ben Bernanke warned about the inflationary impact of a weak currency, suggesting the central bank is not likely to cut interest rates further this year.
Cash-strapped Americans are ringing up more purchases on their credit and debit cards, but there could be a steep price to pay ahead.
Sure, some analysts are skeptical about the relationship between oil and the dollar. The conventional wisdom, though, is that the weaker dollar has encouraged investors to buy dollar-denominated commodities to hedge inflation and has contributed in some part to rising oil prices.
New orders at US factories rose by a sharper-than-expected 1.1% in April as strong demand for quickly used nondurable goods offset a dip in orders for costly durable goods.
The plant closings are prudent. If gas remains at high levels, there will be fewer and fewer buying trucks and SUVs. Sales are down 17.3 % this year, and may not get much better the rest of this year. With 4 fewer plants, GM will save roughly a billion dollars. More importantly, it will reduce the number of SUVs sitting on dealer lots in the future.
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."
Malaysia will scrap fuel price controls in August and allow pump prices to rise in line with market rates as part of plans to cut the government's burgeoning subsidy bill, the domestic trade minister said on Tuesday.
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.
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