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CNBC's Rick Santelli takes a look at how April's retail sales numbers impacted the markets, and the latest action in the U.S. dollar. more...

CNBC's Michelle Caruso-Cabrera breaks down the surprising interest rate move made by the Turkish central bank to address lira concerns. more...

Turkey's central bank raised its overnight lending rate by 50 basis points in a bid to prevent a slide in the lira. more...

Indonesia's central bank unexpectedly cut its benchmark policy rate on Tuesday, the first such move by a G20 economy after Brazil, as it seeks to stimulate domestic demand as global growth slows. more...

The Securities and Exchange Commission has asked Standard & Poor’s to disclose who within its ranks knew of its decision to downgrade US debt before it was announced last week, the FT reports. more...

The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks. more...

A Greek default could be a couple of years away, and that wouldn't be such a bad thing, this strategist says.* more...