The Bank of England got it about right when it opted to inject another 75 billion pounds into the financial system, a top policymaker said on Wednesday, adding the move will help fend off the risk of deflation.
Developing Asian economies have outperformed G3 (U.S., EU, and Japan) economies by an average of five percentage points from 2000 to 2006, according to Western Asset, a leading global fixed-income manager.
The cost of college in the United States rose sharply for the 2011-2012 school year, continuing a multiyear pattern in which public school increases outpaced private school hikes and both eclipsed the average rate of inflation by significant amounts, the College Board reported on Wednesday.
Private sector wage deals rose 2.6 percent in the three months to September, lagging well behind the inflation rate of 5.2 percent, while the pay of most public sector workers remained frozen.
Star performer Canada cut economic growth forecasts sharply on Tuesday as troubles abroad hit exports and dampened confidence about a recovery touted as the strongest in the G7.
Ghana, Africa's second biggest gold producer, should look at options to increase tax revenues from its mining sector, the International Monetary Fund said on Tuesday.
Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October as consumers fretted about job and income prospects.
The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
The Bank of Canada held its key interest rate steady on Tuesday and dropped any mention of the need to raise rates, as the weak global economy forced it to cut sharply its growth and inflation projections.
India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but gave a strong signal it may be finished with its current tightening cycle as growth slows and it expects high inflation to ease starting in December.
India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
Another round of quantitative easing is a possible option for the central bank as it attempts to boost the slow U.S. economic recovery, one of the most influential Fed officials said on Monday.
Fernandez trounced her opponents, gaining almost 54 percent of the electorate – her closest challenger, Socialist Hermes Binner polled only 17 percent.
New York Federal Reserve President William Dudley said on Monday the U.S. economy still faces serious headwinds, including spillover effects from Europe, adding the central bank will continue to do everything within its power to help.
Argentina's center-leftist president, Cristina Fernandez, won a landslide re-election victory Sunday as voters credited her unconventional policies for a long economic boom.
Argentina's fiery center-leftist president, Cristina Fernandez, swept to a landslide re-election victory Sunday, crowning a comeback that seemed unthinkable for much of her turbulent first term.
China's vast manufacturing sector picked up moderately in October, snapping a three-month contraction and underscoring the resilience of the world's second-largest economy backed by robust domestic demand.
China's consumer inflation is likely to ease below 5 percent by November and December, a senior official at the country's economic planner said in remarks published on Monday, raising hopes Beijing can contain prices that have held near three-year highs.
China will make job creation a more urgent priority in the face of slowed economic growth and weakened exports, Premier Wen Jiabao said in comments published Sunday.
McDonald’s, the world’s largest fast-food restaurant and a bellwether of the consumer economy in the United States, has been increasing prices on many of its offerings for months. If you haven't noticed, you're hardly alone.
Canada's annual inflation rate remained above the central bank's traditional comfort zone in September as consumers were hit by higher gasoline and food prices, according to Statistics Canada data on Friday.
U.S. stocks are outperforming emerging market stocks. They have outperformed in 2011 and have done so since early 2010.
