Wall Street is increasingly concerned a tumble in commodity prices and the latest sales numbers from Caterpillar portend a further slowdown in China.» Read More
While most Asian markets closed higher Friday on the back of the G20 summit optimism and a rally in tech stocks, European markets were lower ahead of the March U.S. jobs report. Economists polled by Reuters expect a decline of 650,000 jobs.
The US dollar will remain the world's reserve currency for a while and it is probable that the world economy will start growing next year, with China, Brazil and India among the first to bounce back, billionaire investor and currencies expert George Soros told CNBC.
It seems that China’s stimulus package might already be working some magic.
In a new threat to Detroit, China is investing heavily in hybrid and electric-vehicle technology.
Leaders from around the globe made headway Thursday on tackling the world's worst financial crisis since the 1930s, with signs of agreements to give more money to the International Monetary Fund, clamp down on tax havens and tighten regulation over freewheeling hedge funds.
The members of the G20 are likely to call for at least a doubling of the International Monetary Fund's budget, if not more, UK Chancellor of the Exchequer Alistair Darling told CNBC Thursday.
Global stocks powered higher Thursday as hopes grew that the US economic decline was reaching a bottom, while the euro gained despite expectations of an interest rate cut from the European Central Bank. Experts weigh in on how to help the economy.
U.S. President Barack Obama said on Wednesday there was "enormous consensus" between the world's largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
Global stocks began the second quarter lower Wednesday ahead of the G20 summit in London which aims to tackle the financial crisis. Experts tell CNBC that gold is a good buy when above $1,000, but that long-term U.S. Treasurys may be losing their shine.
CNOOC, China's third-largest oil and gas producer, said Tuesday its 2008 profit surged 43 percent as oil prices boomed but warned this year's outlook was more somber due to a price slump.
President Barack Obama ordered General Motors and Chrysler to accelerate their survival efforts and brace for possible bankruptcy, saying neither company had done enough to justify the taxpayer money they were seeking.
The real source of today’s stock market plunge is a collapse of China’s purchasing managers index, which fell to 40.9 in November from 45.2 in October, its fourth straight monthly drop. Inside the index, export orders fell significantly.
President Barack Obama is sending a blunt message to Detroit automakers: To survive—and win more government help—they must remake themselves top to bottom.
Global stocks were down ahead of a big week, which includes the G20 summit in London, the European Central Bank policy meeting and monthly employment data out of the U.S. Experts tell CNBC what they expect from the week ahead.
President Barack Obama will quiz top U.S. bankers Friday about developments in the economy and their businesses as his administration seeks broader authority to regulate the financial system.
As the economic downturn continues to smother the prospects of a recovery in the West, many investors are still hoping that Chinese growth will provide a much needed global kick start.
Be careful trying to game the stimulus. You might be looking for trades in all the wrong places?
Yesterday, we had some questionable reporting on US Treasury Secretary Geithner's comments on the US dollar.
The Obama administration has unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds.
Investors should start looking at emerging markets for their portfolio as the fundamentals compared to the developed world are compelling at the moment, Mark Mobius, executive chairman of Templeton Asset Management, told CNBC Thursday.