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Updated 20 minutes ago
Some Federal Reserve policy makers are citing the lowest inflation rate in at least five decades as an alarm bell for the economy. Economists at UBS Securities LLC say the figure isn’t as troubling as it appears.
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Irish stocks are climbing three times faster than equities in Spain, Italy, Greece and Portugal as the nation looks to become the first country to exit a European Union-led bailout.
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Inditex SA rose the most in almost two months in Madrid trading after the world’s biggest clothing retailer signalled an end to slowing profit growth.
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South African retail-sales growth eased to 1.9 percent in April as slower economic growth and rising unemployment curbed consumer spending.
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Updated 11 minutes ago
U.K. jobless claims fell more than economists forecast in May and a wider measure of unemployment also declined, providing further evidence that an economic recovery is under way.
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The South Korean won halted a two- day decline on speculation exporters are taking advantage of the currency’s slide to a two-month low to repatriate overseas income. Government bonds fell.
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Estonia’s central bank cut its economic-growth and inflation forecasts for 2013, citing weaker- than-expected export demand from Nordic countries and Russia and falling oil prices.
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Updated 40 minutes ago
When Eric Garcetti takes office as mayor of Los Angeles next month, one of his first tasks will be to lead contract negotiations with unions for more than 29,000 city employees that spent more than $2.7 million trying to defeat him.
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Updated 24 minutes ago
Central Bank Governor Graeme Wheeler’s quest to cool New Zealand’s housing boom is being stymied by 50-year low mortgage rates and giveaways being offered by the nation’s banks as they chase new customers.
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Job openings in the U.S. fell in April, showing companies were waiting to assess the effects of higher taxes and reduced government spending before committing to bigger staff increases.
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