US inflation nudged up 0.5 pct in Dec.

A woman shops for groceries
U.S. inflation increased a marginal 0.5 percent in December on a seasonally adjusted basis, helping annual inflation rate to rise to a seven-month high, while core prices nudged up by 0.1 percent.

Britain scraps forced retirement age at 65

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Companies will no longer be able to force staff to retire at 65, Britain's government said on Thursday in a move to boost the number of older people staying on at work as the population ages.
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Traders work on the floor of the New York Stock Exchange

US futures decline as Spanish concern weighs

Futures on major U.S. stock indices point to a lower opening on Wednesday with futures on the S&P 500 down 0.47 percent, futures on the Dow Jones Industrial Average down 0.39 percent and Nasdaq100 futures down 0.47 percent.
Shoppers walk in a market in the Upton Park neighborhood in east London

Inflation continues to soar in UK

Inflation continued to rise in the U.K. during November, remaining above Bank of England's (BoE) target for the ninth month, spurred by a hike in food and non-alcoholic drink prices, the Office for National Statistics reported on Tuesday.
Traders work on the floor of the New York Stock Exchange

US futures edge lower, FOMC statement eyed

Futures on major U.S. stock indices point to a modestly lower opening on Tuesday as investors awaited a wave of economic data including the US Federal Federal Open Market Committee statement (FOMC)
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UK Nov. PPI falls marginally

U.K.'s producer prices index fell to 0.3 percent in November from 0.6 percent, mainly due to a rise in fuel and food prices, a report by the Office for National Statistics said.
Construction work is seen on architect Renzo Piano's Shard tower at London Bridge in central London

UK monthly manufacturing orders rise sharply

UK factory orders continued to rise in December and the manufacturers expect the output growth to be robust in the next three months due to strengthening demand at home and abroad.
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EUR/USD in oversold zone, may rebound to 1.320-327 (R1), 1.336(R2)

Below the 30-mark, RSI on both day and 4-hour charts suggest the pair is in the oversold territory and any fundamental signal showing weakness for the greenback could push the pair up to 1.320-1.327 (R1) before marching ahead to 1.336 (R2), its 38.2 percent Fibonacci. Further up, 1.344 (R3) is seen as a strong resistance for the pair.
CPI Intl. to be bought by Veritas Capital for $525 mln

Veritas Capital To Buy CPI Intl. For $525M

CPI International, Inc. (CPII), which makes broadcast and wireless components, said it agreed to be acquired by an affiliate of private-equity firm Veritas Capital for about $525 million in cash.
A graph shows the official U.S. unemployment rate (in red) since January of 2009 and a calculation for the same period of the unemployment rate adjusted to include the number of people who left the labor force.

Fed's weak employment outlook dampens Q3 GDP data

Pessimistic outlook about unemployment from the U.S. Federal Reserve overshadowed reports stating the economy grew faster in the third quarter. The Fed expects unemployment to remain high over the next couple of years, hovering around 8.9 percent to 9.1 percent next year. It had previously forecast unemployment rate between 8.3 percent and 8.7 percent.
Shoppers checkout at a Target store in Virginia

Commodities rally a three-way boon to US economy

An Agricultural commodity price rally in the U.S. will help the wobbly recovery in three ways - by boosting inflation a tad and narrowing the worrying trade deficit by a whisker, while not hardening enough to snuff out the fledgling recovery.
China money rate tumbles as big banks unleash cash

China inflation to stay above target as food prices surge

A surge in food prices propelled Chinese consumer prices to a 25-month high in October, despite the government's efforts to control inflation. Food prices in the world’s second largest economy went up by 10.1 percent in October year-on-year.
 Wen Jiabao

China begins tackling inflation

Chinese Premier Wen Jiabao said on Wednesday that the State Council, China’s cabinet, is drafting measures to contain rising commodity prices.
Shoppers checkout at a Target store in Virginia

US dollar slides on weaker-than-expected CPI

The US dollar dropped against its major counterparts on Wednesday after data showed October consumer price inflation was slower than expected with housing starts data for the same month also coming in at a weaker-than-expected level.


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