Former Morgan Stanley Asia chairman Stephen Roach warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth.

The U.S. dollar was headed for its worst week since early February versus major peers on Friday, as some of the heat faded from the currency's breakneck 10% surge.

Nearly a decade after its central bank targeted 2% inflation, Japan on Friday finally reached its goal. But instead of celebration, the occasion prompted concern about the effects of high energy and raw-material costs on a struggling economy.

China’s almost-trillion dollar hedge fund industry risks worsening the turmoil in its stock market as deepening portfolio losses trigger forced selling by some managers.

Stock traders still clinging on after this week’s vicious drop in US benchmarks had better tighten their grip -- OpEx is back to whip up more turmoil.