South Korea’s inflation will exceed President Lee Myung Bak’s target this year and growth will be slower than previously forecast after global demand weakened and energy costs climbed, Finance Ministry forecasts showed today.
BusinessWeek.com — Finance
Morgan Stanley, the firm targeting a 2 percent market-share gain in fixed-income trading this year, was burned by a wager on U.S. inflation expectations in the second quarter, three people informed of the dealings said.
BusinessWeek.com — Finance
Central banks need to start raising interest rates to contain inflation and may have to act faster than in the past, the Bank for International Settlements said.
BusinessWeek.com — Finance
Premier Wen Jiabao said that China’s efforts to stem inflation have worked and that the pace of consumer-price increases will slow, an assessment that contrasts with some economists advocating further steps.
BusinessWeek.com — Finance
Consumers are ‘trading down’ to MacDonald’s and Wal-Mart as higher prices and unemployment sap confidence and budgets
BusinessWeek.com — Finance
China’s inflation pressures have yet to be contained by four interest-rate increases since September, underscoring the danger of any extended policy pause as bad weather threatens to further drive up food costs.
BusinessWeek.com — Finance
China ordered lenders to set aside more cash as reserves after inflation accelerated to the fastest pace in almost three years in May and industrial production rose more than estimates.
BusinessWeek.com — Finance
U.K. inflation held at the fastest pace since October 2008 last month as Bank of England policy maker Martin Weale repeated his call for higher interest rates.
BusinessWeek.com — Finance
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