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Oil rises to near $103 amid global stocks rally
$103 a barrel on Friday as signs of an improving U.S. economy fueled investor confidence and a global stock market rally.Optimism about a bailout deal for Greece and continued tensions with Iran also supported oil prices.By early afternoon in Europe, benchmark crude was up 48 cents to $102.79 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 52 cents to settle

Consumer prices up as gas, clothing costs rise

Consumer prices rose modestly in January on higher costs for food, gas, rent and clothing.

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China home prices fall for 4th month on curbs
China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that a policy-driven property market downturn is deepening, which will add to worries about a

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Wholesale prices move up 0.1 percent last month
Wholesale prices moved up slightly last month, held back by cheaper energy and food costs. The modest increase signals that inflation is largely in check.

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Iron, or...?

The price of iron ore is down by a quarter since its all-time high in 2011. Some of that fall is likely to be reversed fairly soon - the springtime construction season is beginning in China, which

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Domestic steel demand, prices rise

After the very forgettable three quarters of the current financial year when growth in demand for steel fell steadily, industry players may now have reason to smile - January figures point to an

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