Australia cut interest rates to a fresh record low to help ease pressure from a strong currency, and said there are signs of improving household spending.
HONG KONG (Reuters) - Asian markets edged lower on Tuesday and the Australian dollar steadied as investors stayed on the sidelines ahead of a Reserve Bank of Australia policy decision that might result in an interest rate cut.
Inflation expectations are picking up again, as a rebound in oil prices helps ease an early-year deflation scare. Measures tracked by the Federal Reserve and the European Central Bank have risen to the highest levels since December.
A new study finds that the Obama administration's controversial plan to cut climate-changing carbon dioxide emissions from coal-burning power plants could also reduce the number of premature deaths in the U.S.
May 4 -- Two years of client withdrawals at Pimco's flagship have cost it the title of the world's biggest bond mutual fund.