Saturday, June 21, 2014
Argentine stocks lost 4.9 percent Thursday, as the government warned it could default on its debt at the end of the month after it lost a U.S. court battle with bondholders.
Friday, June 20, 2014
The Federal Reserve will further slow the pace of its bond purchases because a strengthening U.S. job market needs less support. But it's offering no clear signal about when it will start raising its benchmark short-term rate.
Argentina will not make a bond service payment due June 30 in New York as ordered by a U.S. judge, the economy ministry said Wednesday, moving the country closer to default.
Thursday, June 19, 2014
The International Monetary Fund said Myanmar's economy is expected to build on already rapid growth but that momentum was at risk unless broad reforms are undertaken.
Wednesday, June 18, 2014
U.S. consumer prices increased in May by the largest amount in more than a year as the cost of food and gasoline showed big gains and airline fares jumped by the largest amount in 15 years.
The U.S. Supreme Court on Monday turned back Argentina's appeals against paying at least US$1.3 billion to “vulture fund” investors in its defaulted bonds, putting fresh pressure on the country's finances.
Tuesday, June 17, 2014
In August 2008, factory workers David and Barbara Ludwig both treated themselves to new cars. With David making US$22 an hour and Barbara US$19, they could easily afford the payments.
Monday, June 16, 2014
A U.S. economy still sending mixed signals on its strength should keep monetary policy locked in place when the Federal Reserve meets Tuesday and Wednesday.
Saturday, June 14, 2014
The prices U.S. companies receive for their goods and services fell in May, offering evidence that inflation is mild.
Friday, June 13, 2014
U.S. retail sales rose for a fourth straight month in May, adding to evidence that consumer spending will contribute to stronger economic growth.