Crude prices jumped above $106 a barrel as political unrest continued to shake the world’s key oil producing region
With Obama, Hu concedes China’s rights need help - AP
President Barack Obama and Chinese President Hu Jintao shared an unusual and intimate dinner in the Old Family Dining Room in the White House Tuesday
Hiring increase boosts the dollar - AP
Jump in hiring sends bonds lower and stocks higher
Russia, China renounce the U.S. dollar - China Daily
Experts say the move reflected closer relations between the two countries and is meant to protect their domestic economies
Why Fed bond-buying plan is raising trade tensions - AP
The Federal Reserve’s plan to buy more Treasury bonds has incited critics at home to complain of inevitable high inflation and financial turmoil
China says Fed bond move may hurt other countries - AP
China’s central bank chief said Friday that the Federal Reserve’s move to inject money into the U.S. economy is understandable because of its slow recovery but still might hurt the rest of the world
Dollar at new 9-month low against the euro - AP
Traders bet against the U.S. currency following the Federal Reserve’s decision to pump $600 billion into the financial system
Oil prices move higher on weaker dollar - AP
The national average for a gallon of unleaded regular is $2.803, 1 cent lower than a week ago but nearly 11 cents higher than a year ago
Markets flat as focus shifts to elections, Fed - YAHOO! News
Traders said the energy sector could flourish after Republican election gains as there will be less chance of increased regulation
China raises interest rates - WSJ
The move is the first adjustment to interest rates since December 2008, when the central bank cut them by 0.27 percentage point as part of a stimulus package
Stock sell-off gains steam - CNN
The sell-off came after the People’s Bank of China raised its benchmark deposit and lending rates for the first time in 3 years
Google plans alternative inflation index using Web data - FT
The official Consumer Price Index data are collected by hand from shops, and only published monthly with a time lag of several weeks
House slaps China on currency rules - WaPo
New penalties punish China and other nations accused of currency manipulation
Congress wants tough stance with China over trade - AP
Geithner criticized a variety of Chinese economic policies from Beijing’s currency system to what he said was rampant piracy of U.S. products and the erection of numerous barriers that prevent U.S. companies from operating in China
20 worst housing markets - Daily Beast
Nationally, almost 25 percent of homeowners owe more than their houses are worth
Dollar tumbles to 15-year low versus yen - AP
The dollar fell below 84 yen for the first time since 1995 and it lost ground against the Swiss franc
Euro higher after inspectors report Greek progress - AP
The euro dropped to $1.3172 in late New York trading from $1.3231 late Tuesday, while the British pound fell to $1.5898 from $1.5946
Dollar turns higher vs euro as stress tests loom - AP
The euro had topped $1.30 for the first time in more than two months last Friday as stressed European countries successfully sold bonds to investors
Dollar slips versus riskier currencies - AP
Investors tend to use the dollar as a safe haven, meaning it often falls along Treasury securities when stocks, commodities and emerging-market currencies rise