General Business News - Bernanke: US inflation rising to ‘unwelcome’ levels
Bernanke: US inflation rising to ‘unwelcome’ levels
AFP via Yahoo! News - Jun 05 11:50 AM
Federal Reserve chairman Ben Bernanke said that the US economy is clearly flagging but that inflation has risen to “unwelcome” levels that will require vigilance from the central bank.Save to My Web
Tokyo stocks slip on US economy fears
FT.com via Yahoo! News - Jun 05 12:50 AM
Japan stocks fell on Monday, hit by fears over the US economy. The Nikkei 225 was down 0.8 per cent to 15,668.31. The Topix fell 0.7 per cent to 1,594.92.Save to My Web
Wage growth poses no risk to Czech economy — analysts
Prague Daily Monitor - Jun 05 10:58 PM
Prague, June 5 (CTK) - Wage growth in the first quarter is in line with economic development and poses no risk to the Czech economy, analysts polled by CTK have said.Save to My Web
IMF Official Warns Latvia on Economy
AP via Yahoo! Finance - 50 minutes ago
An International Monetary Fund official monitoring Latvia’s economy said Tuesday the government should take steps to slow its growth to stop it from overheating.Save to My Web
New Bolero variants offer greater power, fuel economy
New Kerala - 2 hours, 17 minutes ago
Mumbai: Mahindra & Mahindra’s newly launched Bolero SLX comes equipped with sophisticated features such as keyless entry, a four-speaker music system, extra smooth suspension and a door open warning.Save to My Web
Study: Economy Grows Slower
The Ledger - Jun 06 3:15 AM
The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said Monday. The report offered a possible indication that fuel prices are starting to crimp growth in the service sector, which accounts for two-thirds of the U.S. economy. The survey by the Institute for Supply…Save to My Web
Service portion of economy slowed in May, survey says
Minneapolis-St. Paul Star Tribune - Jun 05 7:41 AM
NEW YORK The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said on Monday. The report is a possible indication that fuel prices are starting to crimp growth in the service sector, which accounts for two-thirds of the U.S. economy. The survey by the Institute for Supply Management indicated concern about the prices of Save to My Web
Fed’s Poole: slowing economy won’t reduce inflation
Reuters via Yahoo! News - 1 hour, 13 minutes ago
If inflation expectations are rising, a slowing economy may not reduce inflation pressures, said St. Louis Federal Reserve President William Poole, quoted in the Wall Street Journal.Save to My Web
European Service Industries Grow Most in Six Years (Update2)
Bloomberg.com - Jun 06 3:14 AM
June 6 (Bloomberg) — European service industries grew at the fastest pace in almost six years in May, indicating a strengthening economy as the region’s central bank prepares to raise interest rates.Save to My Web
U.S. service economy grows at slower pace in May
Provo Daily Herald - Jun 06 12:23 AM
NEW YORK — The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said on Monday. The report offered a possible indication that fuel prices are starting to crimp growth in the service sector, which accounts for two-thirds of the U.S..Save to My Web