Asian stocks extend drops in broad based selling
Asian stocks fell by half a percent on Friday, succumbing to a broad bout of profit-taking, as concern about rising inflation outweighed robust earnings.
Japan deflation drags on for 22nd month
Japan's core consumer prices fell in December from a year earlier for a 22nd consecutive month, as slow wage growth and sluggish demand kept the country mired in deflation while the government grapples with heavy public debt.
Gold slides to 3-month low as investment stalls
Gold fell more than 2 percent on Thursday, after a raft of positive economic data from the United States and more hawkish signals from some other central bank officials have sparked speculation that certain major economies would move to raise interest rates sooner than previously thought.
China inflation to peak around mid-2011 -BoCom
China's annual inflation will probably top 6 percent around the middle of 2011 before losing steam in the second half of the year, the Bank of Communications said on Thursday.
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China wants to import more: ICBC chairman
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Kenyan central bank surprises with rate cut
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G20 should better represent Africa: Botswana
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Gold Gives Back Another Overnight Rally as Japan Downgraded, Eurozone Warned on Imported Inflation
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'The Dollar Would Fall Off a Cliff': Expert Predicts What Would Happen if Trump Fired Jerome Powell
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Market Manipulation Suspicions Grow as Abnormal Trading Detected Minutes Before Trump's Tariff U-turn
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Social Security Checks In Nine States To Drop Starting This Month
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Nearly 1 In 3 UK Residents Miss Payments As Mortgage Arrears Soar By 50% Amidst Rising Interest Rates
More news
Fed cautious on recovery, focused on joblessness
The Federal Reserve showed on Wednesday it was in no rush to cut short its rescue of the U.S. economy, saying high unemployment still justified its $600 billion bond-buying plan even though the economy has
Brazil unemployment drops to record low in 2010
Brazil’s unemployment rate fell to a record low in 2010, as the country’s economy records the fastest growth since 1985.
China Q1 GDP seen up 9 pct y/y, CPI up 5 pct -report
China's annual economic growth is expected to ease to about 9 percent in the first quarter while consumer inflation is projected at 5 percent, according to a government think tank report published in the official Chinese Securities Journal on Thursday.
Dollar slips to 11-week low after Fed, stocks
The U.S. dollar slipped on Thursday to 11-week lows, while commodity prices and Asian stocks rose after U.S. Federal Reserve policymakers voted unanimously to maintain a $600 billion bond-buying plan to fuel an economic recovery.
Gold rises after Fed as ETFs shed bullion
Gold rose on Wednesday, snapping a four-day losing streak, after the Federal Reserve's lukewarm economic assessment and its plan to complete its bond-buying program boosted bullion's safe-haven appeal.
30 Chinese provinces raised minimum wage as inflation soars : GT
Thirty provinces in China raised minimum wages by the end of 2010 as inflation, particular those of food items, surged last year.
Gold Price Struggles with Head & Shoulders Pattern Ahead of Fed Vote
The price of Gold Bullion rallied from its lowest level since 28th Oct. early in London on Wednesday, but remained nearly $100 per ounce off Dec.'s all-time highs in what dealers called very quiet trade ahead of today's US Federal Reserve announcement on monetary policy.
FOMC stays the course
The Federal Open Market Committee (FOMC) kept its key interest rate unchanged at the record low range of 0 percent to 0.25 percent, as widely expected. The FOMC also remained committed to its $600-billion Treasury purchase program.
Full-Text: FOMC Statement of Jan. 26, 2011
Full-text of FOMC policy statement of Jan. 26, 2011.
U.S. will see fiscal train wreck: Roubini
Unless the U.S. addresses [its] fiscal problem, we’re going to see a train wreck, said Nouriel Roubini.
Get ready to pay more for groceries this year
Overall food prices in the U.S. are going to inch up between 2 and 3 percent this year, putting an added burden on household budgets.
BoE policy panel minutes reveal growing concern over inflation
The minutes of Bank of England's (BoE) Monetary Policy Committee meeting held on January 13 showed that policymaker Martin Weale joined Andrew Sentance in voting for a 25 basis points rate hike.
Inflation rattles corporates in India, China
Corporations in China and India have been riding on strong domestic economies, much to the envy of the West, but they now worry that runaway inflation could hit growth.
Dollar steady ahead of Fed
The U.S. dollar held near a 10-week low against a basket of currencies on Wednesday ahead of a statement from the U.S. Federal Reserve, which is expected to reaffirm the central bank's focus on supporting growth.
China banks ratchet up lending rates to ration credit
Some Chinese banks have drastically raised interest rates on loans to comply with government orders to rein in credit growth after another lending surge at the start of the year, state media reported on Wednesday.
Dollar steady as Fed in focus, Nikkei slips
The U.S. dollar held near a 10-week low against a basket of currencies on Wednesday, ahead of a statement from the Federal Reserve which is expected to reaffirm the central bank's focus on supporting growth.
Why Rising Rates Are Super Bullish for Gold and Silver
The gold naysayers are using rising rates as a way to dismiss gold. Let me explain why this belief is not only false but also utterly dangerous. First and foremost, the parameters have changed in just a few short years. Government debt has increased substantially in the last few years.
Consumer morale at eight-month high
U.S. consumer confidence rose in January to its highest level in eight months, underscoring the brightening economic outlook, although declining housing prices still cast a cloud on the recovery.
Equities dip, weaker gold hits S.Africa
Emerging stocks edged down on Tuesday as inflation worries persisted and weaker metals prices knocked South African shares and the rand.
Nigeria lifts key rate to 6.5 pct, tightens liquidity
Nigeria raised its benchmark interest rate by 25 basis points to 6.5 percent on Tuesday and took aggressive measures to tighten liquidity as its seeks to get inflation down to single digits.
US January consumer confidence hits highest since May
U.S. consumer confidence rose more than expected in January to its highest level in eight months, helped by growing optimism about the economy and the jobs market, according to a private sector report released on Tuesday.
Recovery builds but Europe, inflation pose risks: IMF
Europe needs to strengthen its financial rescue fund to reduce the risk of renewed global instability as U.S. tax cuts and buoyant emerging economies help propel the recovery elsewhere, the IMF said on Tuesday.
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