U.K. Trade Gap Narrows as Pound Drop Buoys Exports

The U.K. trade deficit in goods narrowed for a second month in January as the weakness of the pound pushed exports to the highest […]

Slowdown in U.S. Will Be Deeper, Recovery Weaker, Survey Shows

The economic slowdown in the U.S. will be deeper and the recovery weaker than previously forecast, according to a Bloomberg News monthly survey.
The […]

Mortgage rates down on weak economy

After a series of gloomy readings on the economy, mortgage rates fell this week in the slumping housing market, erasing last week’s jump, Freddie […]

Mortgage applications up slightly

Mortgage application volume increased 3% for the week ending Feb. 29, according to a weekly application survey by the Mortgage Bankers Association.
The trade group’s […]

Bank of Japan May Keep Rate Unchanged at Fukui

The Bank of Japan will probably keep interest rates on hold at Governor Toshihiko Fukui's final board meeting this week on concern that economic […]

Pfizer acquires Serenex; employees

Pharmaceutical giant Pfizer, in a move to bolster its cancer-drug pipeline, said Monday that it has reached a deal to buy Durham’s Serenex Inc.
[…]

Buffett has profitable year, faults housing excess

Warren Buffett concluded a highly profitable year for his Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research) with an admonition for […]

Venezuela Lifts Interest Rates to Curb Inflation

Venezuela's central bank raised interest rates on credit cards and savings deposits to reign in consumer spending and control the highest inflation rate in […]