UNITED STATES

By David GallandWhile almost everyone sees price inflation when it happens, few people notice the monetary inflation that is causing it.

By Julian D W PhillipsIf interest rates fall to the extent that the housing market recovers, foreclosures cease on those who hold mortgage bonds, whose rates are set to climb, are moved to a healthy zone the market will recover its confiden

By Dan Denning The biggest losers will be consumers everywhere. Global monetary policy is entering a new, highly accommodating phase.

The U.S. Supreme Court on Monday accepted a bid by the Federal Communications Commission to overturn a Fox Television indecency case the agency lost in lower courts against News Corp.

Sony's PlayStation 3 surpassed Microsoft's Xbox 360 last month as the videogame console sales increased by 19 percent.

Nintendo's Super Smash Bros. Brawl has sold more than 1.4 million copies in the U.S. in just one week, making it the fastest selling game in the game company's history.

U.S. Crude Oil prices dropped more than $4.0 a barrel on Monday on growing concerns about the economic outlook in the United States.

Record rise of crude oil and gold prices in global markets and growing concerns over the worsening credit crisis in the US triggered a Sensex collapse on Monday, allowing the benchmark 30-share index of the Bombay Stock Exchange (BSE) to hit a six month low and close below the psychological 15,000 level.

Natural gas dropped on Monday as crude oil prices declined and on forecasts for mild weather that will reduce demand for the heating fuel.

Japan stocks plunged over 3 percent Monday as the Yen gained strength against the dollar and soaring fears of U.S. credit turmoil.

U.S. stocks dropped at the open on Monday after the Federal Reserve cut its discount interest rate at an emergency meeting and JP Morgan Chase & Co. agreed to buy Bear Stearns Cos. for $2 a share, fueling fears that the global credit crisis is spiraling out of control.

Clear Channel Communications Inc completed the sale of its television group to Newport Television LLC for $1.1 billion, the U.S. radio operator said on Friday.c

Shares of Bear Stearns Cos. fell nearly 50 percent on Friday after the Federal Reserve, through JPMorgan Chase & Co, gave the struggling investment bank an emergency loan.

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U.S. crude futures fell from a record high on worries about a weaker demand in the United States, the top consumer of oil in the world.

Federal Reserve Chairman Ben Bernanke said on Friday that the U.S. central bank would use the full measure of its ability to help alleviate the housing crisis.

Sensex, the prime 30-share index of the Bombay Stock Exchange (BSE) staged a comeback on Friday and ended the week on a positive note, gaining 2.63 percent or 403.17 points, even as concerns persisted about weak US economy and subprime crisis.

Cocoa gained on Friday amid concerns that a strike by cocoa workers in Ivory Coast, the world's top cocoa producer will reduce supply.

Corn and soybeans declined on Friday amid speculations that a tumbling U.S. economy will reduce investor demand for raw materials and cut use of grains and oilseeds in bio-fuels and livestock feed.