U.S. consumer sentiment worsened more than expected in June on renewed concerns about the outlook for the economy, while worries about inflation eased modestly, a survey released on Friday showed.
Latin America is getting the upper hand on inflation that once ravaged the region but central banks in some of Asia's heavyweight economies are having a tougher time.
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The U.S. economy is facing a troubling mix of higher prices and weak growth.
U.S. core consumer inflation rose more than expected in May to post its largest increase in nearly three years, lifted by steep rises in motor vehicle and apparel prices.
Stocks continued to fall in early afternoon trading Wednesday, erasing most of Tuesday's gains.
A closely watched measure of consumer prices logged its biggest rise in nearly three years in May and a regional factory gauge contracted this month, showing the economy facing a troubling mix of weakness and inflation.
Core consumer inflation rose at quickest pace in nearly three years in May and a regional manufacturing gauge contracted this month, underscoring the headwinds facing the economy.
The resignation of Rousseff's chief of staff comes at a bad time as the president tries to manage Brazil's economic growth
Core consumer inflation rose at quickest pace in nearly three years in May and a regional manufacturing gauge contracted this month, underscoring the headwinds facing the economy.
The euro came under fresh pressure in Asia on Wednesday as worry about euro zone debt intensified, prompting a move away from riskier assets which helped gold extend gains.
The euro came under fresh pressure in Asia on Wednesday as worry about euro zone debt intensified, prompting a move away from riskier assets which helped gold extend gains.
Retail sales fell in May for the first time in 11 months, dragged down by a sharp drop in receipts from auto dealerships, according to a government report that could raise fears of a prolonged economic slowdown.
Retail sales fell in May for the first time in 11 months, dragged down by a sharp drop in receipts from auto dealerships, according to a government report that could raise fears of a prolonged economic slowdown.
The Bank of Japan on Tuesday kept monetary policy on hold but expanded a loan scheme targeting growth industries, keeping up efforts to address chronic ills that have been plaguing the economy even before a devastating earthquake struck in March.
Evidence that China may avoid a hard landing for its high-flying economy lifted riskier assets such as stocks on Tuesday although investors remained on edge about the deepening Greek debt crisis.
China's central bank raised bank reserve ratios on Tuesday for the ninth time since last October after data showed inflation rising in May to 5.5 percent, its highest level in almost three years.
China's inflation accelerated in May to 5.5 percent, its highest level in almost three years, suggesting the central bank will tighten monetary policy further even as economic growth slows down.
The European Central Bank needs to ensure recent oil and commodity price rises do not trigger inflationary problems, the bank's President Jean-Claude Trichet said on Monday, days after signaling a July interest rate hike.
China's money growth slowed to a 30-month low in May and banks extended fewer new loans than expected as monetary policy weighed on bank lending, but stubborn inflation is expected to persuade the government to keep its foot on the credit brakes.
David Levy, chairman of the Jerome Levy Forecasting Center, believes in the future of America. He thinks the economy will not only fully recover but also improve its position on the global stage from its current slump.
China's inflation rate may accelerate to more than 6 percent year-on-year in June, which could bring the full-year consumer price index for 2011 to as high as 5 percent, a government researcher said in remarks reported on Sunday.
