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China's inflation rises

China said Thursday that consumer prices rose in February for the fourth straight month while new lending slowed sharply from a month earlier as Beijing pledged to step up efforts to tame inflation. Analysts said the jump in prices would…

US Senate passes $149b jobless aid bill

The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November. The measure, approved by a vote of…

Australia's unemployment rate up

Australia's unemployment rate climbed in February, government data published Thursday showed, but the result matched market forecasts after a downward revision to the prior month's figure. Australia's jobless rate rose to a seasonally…

Asian stocks near six-week high

Asian stocks hovered near six-week highs on Wednesday as Chinese data showed exports and imports in February were better than expected, while the euro and the pound suffered on renewed concerns about Europe's fiscal problems. Foreign…

Economists trim US 2011 growth forecasts

U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday. Economists surveyed earlier this month…

Crime rehab failure in UK 'costs £10b'

The failure to rehabilitate tens of thousands of serial criminals is costing the country up to £10 billion a year, a report has said. Prisoners on short-term sentences are being left idle in their cells for much of the day, the National…