The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
The Bank of Canada held its key interest rate steady on Tuesday and dropped any mention of the need to raise rates, as the weak global economy forced it to cut sharply its growth and inflation projections.
India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but gave a strong signal it may be finished with its current tightening cycle as growth slows and it expects high inflation to ease starting in December.
India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
Another round of quantitative easing is a possible option for the central bank as it attempts to boost the slow U.S. economic recovery, one of the most influential Fed officials said on Monday.
Fernandez trounced her opponents, gaining almost 54 percent of the electorate – her closest challenger, Socialist Hermes Binner polled only 17 percent.
New York Federal Reserve President William Dudley said on Monday the U.S. economy still faces serious headwinds, including spillover effects from Europe, adding the central bank will continue to do everything within its power to help.
Argentina's center-leftist president, Cristina Fernandez, won a landslide re-election victory Sunday as voters credited her unconventional policies for a long economic boom.
Argentina's fiery center-leftist president, Cristina Fernandez, swept to a landslide re-election victory Sunday, crowning a comeback that seemed unthinkable for much of her turbulent first term.
China's vast manufacturing sector picked up moderately in October, snapping a three-month contraction and underscoring the resilience of the world's second-largest economy backed by robust domestic demand.
China's consumer inflation is likely to ease below 5 percent by November and December, a senior official at the country's economic planner said in remarks published on Monday, raising hopes Beijing can contain prices that have held near three-year highs.
China will make job creation a more urgent priority in the face of slowed economic growth and weakened exports, Premier Wen Jiabao said in comments published Sunday.
McDonald’s, the world’s largest fast-food restaurant and a bellwether of the consumer economy in the United States, has been increasing prices on many of its offerings for months. If you haven't noticed, you're hardly alone.
Canada's annual inflation rate remained above the central bank's traditional comfort zone in September as consumers were hit by higher gasoline and food prices, according to Statistics Canada data on Friday.
U.S. stocks are outperforming emerging market stocks. They have outperformed in 2011 and have done so since early 2010.
Burundi's year-on-year inflation rate rose to 11.7 percent in September from 11.0 percent in August, partly due to high costs of housing, water and electricity, the country's statistics board said on Thursday.
An unofficial gauge of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment.
U.S. consumer prices outside food and energy rose at their slowest pace in six months in September, a sign broad inflation pressures remained contained.
High food and gasoline prices kept pressure on U.S. household budgets in September, but core prices rose at their slowest pace in six months, showing inflation was still largely contained.
Asia's gold buyers trimmed purchases as prices rebounded, but demand is expected to stay firm as India approaches key festivals next week, underpinning sentiment in the precious metal.
Consumer prices outside food and energy rose less than expected in September to post their smallest gain in six months, a government report showed on Wednesday, suggesting inflation pressures remained contained.
The Consumer Price Index (CPI) increased by 0.3 percent in September, according to data released on Wednesday by the U.S. Bureau of Labor Statistics.