The extraordinary run-up in prices for oil, metals, and food is telling us that the global economy is a runaway train that is slowing, but not quickly enough.

Poland's economy grew above forecasted expectations by 6.1 percent y/y in the first quarter of 2008, statistics office revealed on Friday, making an interest rate hike more probable in June.

Sept. 8 (Bloomberg) -- BHP Billiton Ltd. 's $118.7 billion bid to buy Rio Tinto Group could create a ``grave problem for the global economy,'' Nippon Keidanren, Japan's largest business lobby group, said.

Aug. 26 (Bloomberg) -- The dollar rose to a six-month high against the euro on speculation the greenback will be the main beneficiary of a global economic slowdown as German business confidence dropped in August more than forecast.

Consumers plan to spend about 40 percent of their tax rebate checks this year, putting $42 billion back into the economy. But how they'll spend the $105.7 billion rebate has shifted slightly from three months ago, according to a survey by the National Re