For most of the last three millennia, the world's commercial centers have used one or another variant of a gold standard. It should be one of the best understood of human institutions, but it's not. It's one of the worst understood, by both its advocates and detractors. Though it has been spurned by governments many times, this has never been due to a fault of gold to serve its duty, but because governments had other plans for their currencies beyond maintaining their stability. And so,...
The inflation debate is raging in the UK among policy makers. Meanwhile, the only inflation hawk and dissenting voter on the Federal Open Market Committee (FOMC), Thomas Hoenig, is no longer a voting member this year.
Having lived with double-digit inflation since Ronald Reagan was in the White House, Venezuelans know a money-stretching trick or two the rest of the world could heed as soaring commodities push up prices.
Gold and Silver Prices failed to hold onto a sharp overnight bounce in London trade on Friday, trading below $1404 and $33 respectively per ounce as volatility in crude oil remained at record levels but world stock markets rose for the first day in six.
After two years of interest rate cuts, Russia’s central bank has raised its key interest rate over fears of rising consumer price inflation.
India's fast moving consumer goods industry is hoping the upcoming budget will bring in concrete measures to tame spiralling inflation and viable tax structure to ensure continued growth.
Prime Minister Manmohan Singh's embattled government will likely boost spending on social programmes in a populist budget on Monday, even as India is threatened with a potentially ballooning subsidy bill for food and fuel.
The Gold Price rose further in London trade Thursday morning, hitting new 2011 highs for Dollar investors as Brent crude oil jumped to $119 per barrel and a raft of economic analysis warned of stagflation ahead for the global economy.
Soaring oil prices will have little impact on Chinese consumer inflation, but will place considerable cost pressure on the country's manufacturers, a government adviser and ministry official said on Thursday.
He Shuaixing shakes his head listening to the pitch from a job recruiter on a cold wet day in a factory district outside Shenzhen , epicentre of China's export machine.
Gold steadied near seven-week highs on Thursday, as investor fears over inflation stemming from the spike in crude oil were partially offset by pockets of profit-taking after the market's 6 percent rise this month.
There is now more evidence that speculators are pushing up the prices of food commodities.
King Abdullah of Saudi Arabia - jointly the world's biggest oil producer alongside Russia, and so far immune to the civil unrest sweeping North Africa and the Middle East - returned from hospital treatment abroad to announce a near US$38 billion package of new housing projects, a 15% pay-rise across the board, and the kingdom's first-ever unemployment insurance.
Inflation did not immediately follow because of the severity of the economic recession. However, as some economists correctly predicted, it was only a matter of time. In Europe, it's starting to heat up.
At least 100,000 trade unionists marched through the Indian capital on Wednesday in a protest against high food prices and unemployment, piling pressure on an administration under fire over corruption scandals.
Namibia's central bank kept its main interest rate unchanged at 6.0 percent on Wednesday, but said economic growth is likely to be better than previously expected as the economy recovers from a downturn.
Producer prices in Ghana rose 23.14 percent in January from a year earlier, the country's statistics office said on Wednesday, up from 17.79 percent in December.
Burundi's year-on-year inflation rate dropped to 4.8 percent in January from 6.3 percent in December partly due to lower housing, water and energy costs, official data showed on Wednesday.
Tens of thousands of trade unionists, including those from a group linked to India's ruling party, marched through the streets of the capital on Wednesday to protest food prices, piling pressure on a government already under fire over graft.
Gold fell back slightly toward $1,400 an ounce on Tuesday, breaking a six-session rally, as turmoil in Libya prompted bullion investors to take profits and as sharp losses in equities and other commodities markets prompted margin selling.
China's central bank denied on Tuesday that the country has suspended plans to tailor reserve requirement ratios for Chinese banks as part of efforts to rein in rampant bank lending.
U.S. stocks recorded solid performance in the second half of the last year though the early part of the year was jittery. While the Dow Jones Industrial Average rose 11 percent, the Nasdaq Composite gained 17 percent and the Standard & Poor's 500 index rose 13 percent. Where do U.S. stocks go from here? There are analysts who think stocks are poised to show further gains this year.