Inflation accelerated in June to its fastest rate since the aftermath of Hurricane Katrina in 2005 while workers' earnings slumped, compounding the difficulties for policy-makers trying to support a weak economy without
Federal Reserve Chairman Ben Bernanke told a House of Representatives panel on Wednesday a top Fed priority is restoring financial calm even as "too high" inflation and weak growth threaten the economy.
By Bernd Debusmann By Bernd Debusmann WASHINGTON, July 16 (Reuters) – If necessity really is the mother of invention, oil at $140 a barrel and gasoline at $4 a gallon will force
Oil fell sharply on Wednesday after U.S. government data showed a rise in crude oil and gasoline stocks last week. Prices had already dropped steeply in the previous session on expectations that
TAIPEI (Reuters) – Intel (INTC.O: Quote, Profile, Research), the world's top PC chip maker, on Tuesday launched the next-generation of its Centrino wireless chip that it hopes will provide a new revenue
Slovakia will be eurozone’s poorest By Peter Laca and Jan Lopatka SACA, Slovakia, July 16 (Reuters) – "What can I buy with 300?" cries Marca Tancosova, a Roma woman worried that her
The European Commission presented a Report and a proposal for a Directive to amend the current EU excise duty legislation on tobacco. The draft Directive foresees a gradual increase in the EU
U.S. consumer prices in June rose by the biggest amount since 1982 on a continued surge in gasoline prices, adding more weight to an economy struggling through a strained banking system and
The European Commission has proposed an important revision of the EU framework for investment funds, which provides consumers with access to professionally managed investments on affordable terms. These funds, known as 'UCITS'
By George Hatzidakis and Tatiana Fragou ATHENS, July 16 (Reuters) – Greek villagers fled their homes as hundreds of firefighters battled forest blazes that raged near the Greek capital Athens on Wednesday,
