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.
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
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'
Public confidence in U.S. economic policy dipped this month as unstable markets and shaky financial institutions left Americans uneasy about the future, according to a Reuters/Zogby poll released on Wednesday. The Reuters/Zogby
Stock futures slipped on Wednesday due to caution ahead of a key inflation report and mounting concerns about the health of the financial sector. The government is scheduled to release June's Consumer
World stocks fell towards this week's 21-month low and the dollar approached a record low versus the euro on Wednesday as investors nursed acute worries about the financial sector. U.S. crude oil
The number of Britons out of work and claiming benefits rose for a fifth month running in June and by its largest amount since the slump of the early 1990s, in a
