Economic News

The dollar rallied across the board early Monday, recovering from recent steep losses while showing a limited reaction to weaker-than-expected manufacturing and foreign-capital-inflows data. Meanwhile, a slump in Asian equities and a significant drop in commodities prices also supported the dollar, said analysts. Commodity-price strength tends to hurt the dollar, since the U.S. is a net importe ...

By Alex Lawler LONDON (Reuters) - Oil fell towards $70 a barrel, gold dropped almost 4 percent and copper plunged on Monday as investors feared a rally that has taken many commodities to or near record highs may slow economic growth. U.S. crude dropped three percent after reports signalled last week that energy costs were hitting global fuel demand and consumer confidence. Greece's finance minis ...

By Lorna Bourke LONDON (Citywire) - Want to know where the latest international property hotspot is? According to the Prestige Group which analyses property worldwide, it is Sofia, where the average price per square foot for residential property is just 86 pounds and annual price inflation is 18 percent and speeding up. Prestige has just launched the International Hotspots Index, which charts t ...

With oil prices trading above $70 a barrel and metals trading at record levels, there are growing concerns on the outlook for inflation, the main theme for this week’s data releases. // Analysts at JP Morgan point out that the cumulative increase in real crude prices since 2002 is close to that of the oil shocks of the 1970’s which produced two global recessions and an unprecedented surge in infl ...