Wall Street Journal (Economy)
China Warns Against U.S. Sanctions
China's commerce minister cautioned the U.S. against citing the Chinese currency as a reason for imposing trade sanctions, as both nations intensify their verbal sparring on the yuan exchange rate.
Bernanke Assails Giant Firms
Bernanke called for action on financial-services firms that are "too big to fail," describing the problem as "pernicious" and an "insidious" barrier to competition.
Fed Told to Disclose Friedman Documents
Lawmakers demanded documents from the Fed relating to the purchases of Goldman stock by Stephen Friedman, the former chairman of the New York Fed.
Greek Woes Dim Appeal of Euro Zone
The Greek debt crisis has upended expectations about the euro zone, causing the currency bloc to cast a more wary eye on potential additions—and leading some countries to question joining anytime soon.
Reserve Bank of India Raises Rates
The Reserve Bank of India raised its key lending and borrowing rates by 0.25 percentage points each to anchor inflationary expectations, making it one of the first major central banks to raise rates.
More Ex-Cons Are Chasing Fewer Jobs
States are releasing more prisoners to save money, and the ex-convicts are encountering the worst jobs climate in years.
U.S. Inflation Muted in February
The vast economic slack left over from the recession continues to keep inflation in check, leaving companies and workers with little leeway to ask for price or wage increases.
Wholesale Prices Fall
U.S. producer prices fell 0.6% in February, their biggest drop in seven months, as gasoline costs declined sharply, leaving scope for the Fed to keep rates at a record low.
Oil Data Expose Shortcomings
Department of Energy documents and a consultant's report cast doubt on the reliability of figures that affect the production and prices of the world's most important industrial commodity.
Germany Is Open to IMF Aid for Greece
Germany signaled it is open to supporting a joint bailout of Greece by European governments and the IMF should the country need assistance.
Chinese Temper Inflation Outlook
Chinese consumers scaled back their expectations of future inflation, a tentative sign of improvement in an issue that has drawn attention from the nation's leaders.
S&P Warns on Bad Debts in China
A potential spike in bad debts as a result of a government-backed lending surge is likely to be the biggest challenge for China's banks in the next few years, but lenders should be able to keep the problem at a "manageable level," Standard & Poor's Ratings Services said.
Home Prices Climb in California
California's median home price rose 11.2% in February from a year earlier, a sign that the housing market could be stabilizing.
Michigan Tax Shift Pits Cities vs. Big 3
A tax change in Michigan has sparked a conflict between the Big Three auto makers and the cities that are homes to their plants, normally a big source of support for the car companies.
Greenspan Defends Low-Rate Policy
Greenspan acknowledged a range of regulatory failures in a review of the causes of the financial crisis, but disputed the view that the Fed left interest rates too low for too long.
U.K. Deficit Smaller Than Expected
British politicians wrangled about new figures that showed a portion of the deficit rising to a record level last month, as a national election that must be held before June edged closer.
Crude Gives Up Ground
Crude-oil futures retreated under pressure from a rising dollar, and as traders consolidated their gains after pushing the market to a two-month high this week.
Europe Repo Market Rebounds
The European market for repurchase agreements, which contracted heavily during the global financial crisis, showed healthy signs of recovery last year, but activity remained below levels seen prior the crisis.
States Press E-Tailers to Collect Tax
The economic slump is helping to rekindle a debate on whether e-tailers should have to collect sales tax, a question that has long pitted the new economy against the old.
Euro-Zone Posts Large Deficit
The euro zone posted a large trade deficit in January, as exports fell more sharply than imports.
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