Singapore's central bank on Thursday raised its 2008 consumer price inflation forecast to 6% - 7% from 5% - 6% and said it expected price pressures to remain elevated despite a slowdown this year in economic growth.
Japan's exports unexpectedly fell in June for the first time in nearly five years, trade data showed on Thursday, in a sign that U.S. economic troubles ensuing from a mortgage market debacle are dampening demand in China and other emerging economies.
Oil's move to a six-week low has been cheering the stock market, but the question is for how long?
The Fed's beige book (so called for the color of its cover) reported that economic activity slowed in June and July and that all 12 districts showed increasing price pressures.
The pace of U.S. economic activity slowed somewhat through mid-July and price pressures were elevated or increasing across the country, the Federal Reserve said.
The dollar hit a one-month peak against the yen and a two-week high against the euro Wednesday, getting support from a slide in oil prices and a recovery in risk appetite.
Core inflation in Australia accelerated to its fastest annual pace in 17 years last quarter as the cost of fuel, financing and rents all climbed, suggesting interest rates would have to stay high for some time to come.
Oil's trend lower has whipped up buying in stocks and could do the same Wednesday, if a string of major blue chips' earnings don't disappoint before the opening bell.
The dollar rallied sharply on Tuesday, boosted by a steep drop in oil prices and comments from a Federal Reserve official suggesting that U.S. interest rates may have to rise even before financial markets recover.
Oilman T. Boone Pickens says he's pushing his alternative energy proposal to Congress not because he wants to make money through his own businesses, but because he knows how to solve the nation's energy problem.
U.S. consumers are going to continue to feel pain until housing prices stabilize, even though global growth remains mostly strong, General Electric Chairman Jeff Immelt said.
Click through to see some of your favorite products that have already made the transition to a smaller size.
To fend off inflation, the Federal Reserve probably will need to boost interest rates "sooner rather than later" even if employment and financial conditions haven't revived, the president of the Federal Reserve Bank of Philadelphia said Tuesday.
Treasury Secretary Henry Paulson said America's housing market could turn a corner and begin recovering within months, but it will take longer to resolve all housing-related problems.
The Asian Development Bank said on Tuesday that central banks in East Asia were moving too slowly to combat the threat of quickening inflation, which it warned seemed to be seeping into the broader economies of the region.
As inflation persists, many products are literally shrinking as manufacturers downsize to save money. Here's what to look out for in the grocery aisles.
The dollar slipped on Monday, losing some of its recent momentum, after better-than-expected earnings from Bank of America failed to convince investors that the worst for the U.S. financial sector is over.
The index of leading U.S. economic indicators slipped 0.1 percent in June, showing that the limping economy is still far from being on the mend, the Conference Board reported.
As losses mount at American banks and the pain of the credit crisis spreads from housing and finance to the broader economy, many small companies complain it is increasingly difficult to obtain loans.
The U.S. economy needs months to recover from its slowdown, but the banking system remains sound despite a home mortgage crisis that could cause more problems, Treasury Secretary Henry Paulson said.