Russian inflation will exceed forecasts to reach 9 percent by the year’s end and rise further in early 2015 because of the ruble’s weakness, Economic Development Minister Alexei Ulyukayev said. The ruble has weakened some ... Read More
Gold held a retreat from the highest level in two weeks after the dollar strengthened and energy prices dropped, curbing demand for the metal as an investment. Silver and ... Read More
The pound fell for a fourth day against the dollar, approaching a 14-month low, as Bank of England Governor Mark Carney and Chief Economist Andy Haldane signaled they’re concerned that inflation ... Read More
If you owned Apple Inc., and sold it, you could purchase the entire stock market of Russia, and still have enough change to buy every Russian an iPhone 6 Plus. ... Read More
Gold demand in China shrank for a third quarter as slumping prices failed to boost the purchases of bars, coins and jewelry in the world’s biggest user and officials pressed on ... Read More
U.S. equity prices edged off record highs on Wednesday led by weakness in the financial sector after six global banks were fined a total of $4.3 billion for currency ... Read More
Economists will tell you that cartels are hard to keep alive. They work when everyone in the cartel holds down production to keep the price artificially high (and punish ... Read More
Japanese stocks scaled seven-year highs on Wednesday, putting the rest of Asia in the shade, buoyed by expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike ... Read More
Most Asian stocks rose as Japan’s Topix index climbed after the yen extended losses and corporate earnings beat estimates. Nissan Motor Co. (7201), which gets 43 percent of its revenue in North ... Read More
Wall Street continued to march further into record territory Monday as the Dow and S&P 500 closed at record highs again. Investors have been pushing stocks higher on signs the ... Read More
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