India's energy ties with Iran unsettle Washington
India's search for hydrocarbons to fuel its economy has managed rather neat diplomatic trick of annoying Washington, delighting Tehran and intriguing Baghdad, and leaving the Indian Treasury fretting about how to pay for its oil imports.
Housing shores up expansion with little inflation
Builders began work on more U.S. houses in May and permits for new single-family homes rose to a five-year high as residential real estate underpins an economy that’s generating little inflation.
Market relationships offer insight into recent turns
This is a market of relationships. The more we understand those relationships, the better we are prepared for the unknown.
Brazilian currency touches four-year low, prompting intervention
Brazil’s real touched a four-year low, prompting the central bank to intervene for a second straight day as a report showed higher-than-forecast inflation.