There is a risk inflation will "explode" if the European Central Bank does not act decisively to counter it, ECB President Jean-Claude Trichet was quoted on Wednesday as saying.
The Federal Reserve must "react decisively" to stop inflation from pushing up wages, one of its top policy-makers said Tuesday, dropping a clear hint about the possibility of interest-rate hikes ahead.
Australian retail sales rose well past expectations in May, pointing to consumer resilience in the face of higher living costs and challenging the official view that interest rates were high enough to curb domestic demand.
Plus, is Cramer responsible for food inflation? And coming clean on Watts Water Tech.
The yen rose broadly Tuesday, benefiting from mounting risk aversion as heightened fears of further losses in the banking sector and global stocks prompted investors to sell dollars.
U.S. factory activity expanded unexpectedly in June but inflation pressures soared, according to a report released Tuesday.
The dollar's recent declines against the other major currencies are set to reach the final whistle and greenback sellers will have to retreat to the sidelines, David Darst, chief investment strategist of Morgan Stanley Global Wealth Management Group told CNBC Tuesday.
Australia's central bank held interest rates steady at a decade high on Tuesday, citing growing evidence that past hikes were working to cool demand and curb inflation in the long run.
China's manufacturing sector has lost considerable momentum because of surging costs at home and weak demand from abroad, an official survey showed on Tuesday.
Confidence among big Japanese manufacturers fell to a five-year low in June, a central bank survey showed, but the fall was less than expected, hitting Japanese bonds while helping push up shares.
If we're going to be asked to swallow this new economic reality, the least we can ask for in return is adequate pay.
The U.S. dollar rebounded against the euro on Monday as traders bought back the U.S. currency as the second quarter ends, but losses in the euro may be limited ahead of an expected rate hike by the ECB this week.
Euro zone inflation jumped to a record high of 4.0 percent in June, cementing expectations the European Central Bank will raise interest rates this week despite slowing economic growth.
Stocks limped to the finish of an ugly week on Wall Street, with the Dow touching bear territory and the broader market continuing to be battered by a double dose of surging oil and a fresh round of banking troubles.
The dollar extended declines against the yen and fell versus the euro, after U.S. stocks accelerated their losses.
Stocks were mixed Friday as traders took a breather after Thursday's selloff that saw major indexes break through key levels and move dangerously close to bear-market territory.
U.S. consumer confidence fell more than expected in June, hitting another 28-year low as surging prices and mounting job losses sapped sentiment, according to a survey.
Consumers will respond to soaring oil prices with mass conservation measures, investor Sam Zell said Friday on CNBC.
U.S. stock index futures pointed to a broadly flat open on Friday after Thursday's sharp fall and with more gloomy predictions rattling investors' nerves.
U.S. personal spending rose by a more-than-expected 0.8 percent in May as government stimulus checks bolstered household budgets, while a key gauge of inflation stayed tame.