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Business with Reuters - International Herald Tribune
U.S. wholesale inflation soars
By MICHAEL M. GRYNBAUM Tue, 19 Aug 2008 14:47:28 -0000
The 1.8 percent rise in wholesale prices, reported on Tuesday by the Labor Department, was well above economists' expectations, and it could cause Federal Reserve policy makers to consider raising interest rates by the end of the year.
U.S. stocks follow Asia and Europe lower
Tue, 19 Aug 2008 14:47:28 -0000
A weak report on new home construction also worried investors.
Home Depot posts 24% profit drop
Tue, 19 Aug 2008 11:50:38 -0000
The retailer reiterated its downbeat outlook for the year amid a weak housing market that shows no signs of recovery.
U.S. housing starts fall to 17-year low
Tue, 19 Aug 2008 12:25:38 -0000
The latest housing figures continue to show a badly battered housing market, one of the biggest problems plaguing the already shaky national economy.
German confidence improves as oil drops
Tue, 19 Aug 2008 14:47:28 -0000
Still, the DIW economic institute said Monday that the economy will barely expand in the third quarter.
German producer prices surge on energy costs
Tue, 19 Aug 2008 08:03:32 -0000
German annual producer price inflation accelerated to 8.9 percent in July, a near 27-year high that was powered by further big gains in energy prices, official data showed on Tuesday.
BBC News | Business | UK Edition
Warning from Alliance & Leicester
Tue, 19 Aug 2008 14:23:54 -0000
Alliance & Leicester warns of "significant external risks" if Banco Santander's takeover is rejected by shareholders.
US bank 'to fail within months'
Tue, 19 Aug 2008 09:46:13 -0000
A big US bank is likely to collapse within months as the global financial crisis worsens, a former IMF chief economist warns.
Supply of rental properties rises
Mon, 18 Aug 2008 23:06:19 -0000
The number of properties up for rent has jumped as people who cannot sell their homes decide to let them instead.
Homebuilding in US at 17-year low
Tue, 19 Aug 2008 13:54:51 -0000
The number of US homes and apartments being built falls to the lowest level in more than 17 years, government figures show.
Rate setter warns on UK inflation
Tue, 19 Aug 2008 10:00:32 -0000
A member of the Bank of England's MPC committee says in a newspaper article that inflation has to be controlled.
Oil eases as storm panic subsides
Tue, 19 Aug 2008 13:11:28 -0000
Oil prices reverse earlier gains as fears that operations in the Gulf of Mexico may be disrupted by a tropical storm ease.
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