King Seen Writing U.K. Inflation Letter as 3% Overshoot Persists - Bloomberg

Bank of England Governor Mervyn King will probably have to write a 10th consecutive letter to Chancellor of the Exchequer George Osborne to explain why […]

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Industrial Production in U.S. Climbs More Than Forecast - Bloomberg

Industrial production in the U.S. climbed more than forecast in April, propelled by gains in auto manufacturing and utility use.
Output at factories, mines and […]

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Stock market decline is muted, despite bank slump

JPMorgan’s surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, but just small declines in the broader market as investors decided this […]

Rousserff Rate Cut Crusade Undermines Brazil

Brazil

Greek winning parties call for bailout changes

The heads of the two parties projected to earn the most votes in Greece’s election have called for changes in the country’s international bailout terms, […]

Ameren asks for delay pollution controls at Illinois coal plants

Ameren Corp. is seeking to delay installation of pollution controls on some coal-fired power plants in Illinois for six years because of weak power prices, […]

Greenest states to own an electric car

When it comes to choosing an environmentally friendly car, where you live may be as important as what you drive.
That’s the message of […]

Indian economic advisor: no big reforms until 2014

The Indian government’s chief economic adviser says India won’t likely pursue any major economic reforms until after 2014 parliamentary elections.
Kaushik Basu said this week at […]

AP NewsBreak: Competition cuts down Medicare fraud

A yearlong experiment with competitive bidding for power wheelchairs, diabetic supplies and other personal medical equipment produced $200 million in savings for Medicare, and government […]

Spanish Minister Asks ECB to Buy Bonds as Crisis Deepens - Bloomberg

A Spanish minister called on the European Central Bank to do more to stem the sovereign debt crisis as the cost of insuring the country