UK firms limit June price rises
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UK manufacturers did not raise their prices as much as analysts had forecast in June, official figures show.
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Business & money: Higher interest rates and June's dismal weather take toll on spending on Britain's high streets.
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The Bank of England is set to keep UK interest rates on hold at 4.75% after five increases since last November.
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Trading in the shares of Australian retailer Coles Group Ltd.  and conglomerate Wesfarmers Ltd.  was halted on Monday for talks on a bid by Wesfarmers for Coles that could be worth up to A$20.7 billion ($17.7 billion).
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Japanâs wholesale inflation accelerated in June as oil and other commodity prices rose, prompting food and packaging companies to pass on costs to clients.
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British house prices advanced this month at the fastest pace since December, bolstering the case for an interest rate increase by the Bank of England next week. The average cost of a home rose 1.1 percent from May, to Â£184,070 ($368,000), according to the Nationwide Building Society, the biggest mortgage lender in Britain. âThe bounce-back in June is a bit stronger than expected,â said Fionnuala Earley, chief economist at Nationwide. âIt looks like the bank will bring forward the decision to increase interest rates, and increase the risk that rates get to 6 percent this year.â.
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Canadian consumer prices unexpectedly fell in June, but that is unlikely to deter the Bank of Canada from raising interest rates in September, analysts said, as the annual inflation rate stayed well above target. Annual inflation held steady at 2.2 percent in June. The core rate, which excludes volatile items like gasoline, jumped back up to Aprilâs four-year high of 2.5 percent, after easing to 2.2 percent in May. âThis is good news for a day, but the Bank of Canada will still continue to hike rates to try to minimize any inflation overshoot,â said Carl B. Weinberg, chief economist at High Frequency Economics.
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Software company executives at a CIBC World Markets conference this week cited a variety of reasons for why June sales slowed, from record oil prices to steep software discounting and regulatory distractions on accounting deadlines.
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Crude stays above $45, $8 higher than at end of June, but analysts doubt prices will near $50 again. LONDON  - Oil prices rose modestly Wednesday as traders took stock after a three-day losing streak from record highs near $50 a barrel.
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British house price inflation remained in double-digits in June and prices in the service sector accelerated, according to two separate surveys on Wednesday that reinforced expectations interest rates would go up this week.
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US wholesale prices rise slower in June as a result of falling food and energy prices, official figures show.
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British retail sales climbed in June from the previous month, official data has shown.
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The rise in UK house prices continues unabated despite August's surprise interest rate hike, new research finds.
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Interest rates have been kept at 4.75% amid signs that five rises over the last year had finally put the brakes on house prices and consumer spending.
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Shareholders want a higher price on MetaSolv. Don't count on it.
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Limited Brands meets same-store sales growth expectations for June.
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A rebound of core producer prices in  June despite a temporary reduction of energy costs according to  a Labor Department report on Tuesday reinforced investors  expectations for the Federal Reserve to hold interest rates  unchanged to guard against inflation.