The economic problems in southern Europe are deep and painful, but they are not unsolvable. Some of them are already beginning to mend. A case in point: Italy, which has started to grow again after enduring a nasty recession. Then there’s Greece, which looks like it’s headed for a new round of trouble. Although its crushing debt and crippling …

  BLOOMBERG U.S. stocks slipped while the dollar advanced with yields on two-year Treasuries after data on inflation and housing signaled the U.S. economy may be strong enough for the Federal Reserve to raise rates this summer. The S&P 500 Index retreated after a Monday rally took it past its average price for the past 50 days. The U.S. currency …

  Bloomberg Robusta coffee climbed to the highest level in almost nine months as a drought in top grower Vietnam threatens next season’s crop. The gains helped extend the arabica variety’s longest winning streak in decades. Dry weather remains fairly widespread in Vietnam, the world’s largest producer of the robusta variety used to make instant coffee. That’s threatening the development …