Trading the News: U.S. Consumer Price Index Why Is This Event Important: As Fed Chairman Ben Bernanke maintains his pledge to keep borrowing costs near zero for an “extended period,” subdued inflation would certainly give the central bank scope to maintain a dovish policy st

The jobless rate in Michigan showed the biggest drop, falling to 14.3 percent, still the highest in the nation, from 14.5 percent in December, according to figures issued today by the Labor Department in Washington. New York and New Jersey were among eight states where unemployment decreased by a

March 10 (Bloomberg) -- Greek Prime Minister George Papandreou said President Barack Obama expressed support for measures being taken to deal with Greece’s financial crisis. “We’re not asking for a bailout, we’re not asking for financial help from anyone,” Papan

China's trade surplus shrank to the lowest level in a year in February as a surge in imports signaled the nation may start to outshine the US as a destination for the world's goods. Imports rose a more-than-estimated 44.7 per cent from a year ago, the customs bureau reported on its Web

Imports rose a more-than-estimated 44.7 percent from a year ago, the customs bureau reported on its Web site today. The surplus was $7.61 billion, and exports gained 45.7 percent. The diminishing surplus signals that trade may be a drag on China’s expansion, a contrast with the U.S

By Kate Andersen Brower March 10 (Bloomberg) -- Greek Prime Minister George Papandreou said U.S. President Barack Obama expressed support for measures being taken to deal with Greece’s financial crisis. “We’re not asking for a bailout, we’re not asking for financ

March 9 (Bloomberg) -- Greek Prime Minister George Papandreou said U.S. President Barack Obama expressed support for the measures being taken to deal with the financial crisis in Greece. “We’re not asking for a bailout, we’re not asking for financial help from anyone,” Pa

The rejection of the so-called Icesave bill in the March 6 referendum left Prime Minister Johanna Sigurdardottir’s coalition on “weak ground,” Independence Party leader Bjarni Benediktsson told parliament yesterday, calling for spring elections. The government has “s

SYDNEY, March 4 ( Reuters ) - The Australian dollar dribbled from highs against a range of currencies on Thursday after softer Asian equity markets chilled demand and eclipsed strong local trade data. Some traders said the Australian dollar's AUD=D4 failure to stage a convincing break