The recent declines in the prices of US grains and oilseeds have received much less media attention than the surge last summer, but they have now reversed most of those gains. Admittedly, the prices...

The latest business surveys suggest that global manufacturing activity remained fairly weak in March, while that the gulf between US and other advanced economies remains huge.

The paths of narrow money in the US and euro-zone diverged further over the past few weeks. The Fed maintained the pace of its assets purchases. But in the eurozone, commercial banks continued...

Figures published today show a pick-up in world trade in January. But the growth rate remains slow by pre-crisis standards, and in many areas trade is still contracting.