Written by Inventories at U.S. wholesalers rose for a fourth month in April, accompanied by a jump in sales that signals companies will ramp up orders to meet demand. READ MORE »
Posts in category Financial Markets
Oil Rises After Increased Demand Forecast, Weaker U.S. Currency
Crude oil rose for a third day as the International Energy Agency increased its demand forecast and the dollar weakened, bolstering the appeal of commodities as an alternative investment. READ MORE »
Spain Sees Credit Squeeze but Denies EU Rescue Bid
Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue. READ MORE »
Gold firms as Greece downgrade lifts risk aversion
Gold firmed on Tuesday as a ratings downgrade of Greece sparked fears of a worsening fiscal crisis, lifting interest in the metal as a haven from instability in the wider markets. READ MORE »
Producer Prices in U.S. Decreased 0.3% in May on Fuel
Wholesale prices in the U.S. fell in May for the third time in the past four months, pulled down by lower costs for energy and food as European default concerns threatened to slow the global expansion. READ MORE »