New Zealand’s central bank raised borrowing costs to 2.75%, making it the first developed world central bank to hike rates since the credit crisis.» Read More
Russia's super-rich are also super-losers in the financial crisis, according to the business magazine Finans, which said Monday the top 10 wealthiest Russians lost about two-thirds of their fortunes over the past year.
UK Chancellor of the Exchequer, Alistair Darling, told CNBC he will do whatever it takes to stabilize the British economy—possibly including the so-called "bad bank" option—but he insisted that the country must avoid measures that would stem foreign trade.
A top economics adviser to President Barack Obama says the $790 billion stimulus plan set for a final congressional vote will help, but that it isn't a "silver bullet" to cure the problem.
A quick glance at this week's government bond auctions reminds me of that old story Woody Allen used to tell about overhearing two women in a Manhattan restaurant: one complains that "the food here is just terrible," to which her friends agrees, adding, "yes, and such small portions."
A day after Obama's stimulus plan was passed in the senate and the Dow dropped 4.6 percent, the S&P 500 is heading to set new lows.
Love him or loathe him, you have to agree that Rogers wears his heart-- and his market calls-- on his sleeve.
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Investors are eager to see the details of a stimulus package to help the US economy on which the Senate will vote today. Some experts tell CNBC it will signal the beginning of the end of the economic crisis, but others say it will not bring immediate relief.
Investors will have to short government bonds at some point despite their current attraction, as the amount of debt issued is "staggering" and inflation risks are down the road, Jim Rogers, CEO of Jim Rogers Holdings, told CNBC Tuesday.
As central banks around the world race to cut interest rates to historic lows and try to stimulate growth through domestic spending, the risk of future inflation grows larger.
Western stock markets have been experiencing a sucker's rally, but the Shanghai market might be the real thing, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC.
The Chinese stock market is leaving its Western counterparts in the dust as it emerges from the ongoing bear market first, Puru Saxena, chief executive from Puru Saxena Wealth Management, told CNBC.
Billionaire investor Warren Buffett has led the charge into the battered stock market of late by making large acquisitions at a time when most investors are fiercely protecting their cash. One analyst told CNBC that even though he is suffering some heavy losses in the short term, the strategy will pay off.
The Fed could cause Zimbabwe-like inflation making the US a 'banana republic,' famous bear Marc Faber said.
Since the dramatic stock-market declines of last year and the whip-saw volatility that has followed them, the investment mantra of "stay defensive" has been widespread as investors strive to protect their wealth. But the temptation of strong gains is luring some to add riskier stocks to their portfolio.
As the ongoing slump in the global economy sent national governments scrabbling for ways to prop up their countries’ future, CNBC asks if protectionist moves such as ‘buying American’ will really benefit the economy. One analyst said yes, for now, but the global economy could pay the price later.
The Bank of England is set to make history again Thursday, with the Monetary Policy Committee (MPC) widely expected to cut rates to an all-time low.
Top executives at companies taking government money from the TARP will likely see their pay slips capped at $500,000 under a new initiative to be announced Wednesday by President Barack Obama. But one analyst told CNBC that the move could have a negative effect.
The dollar is making broad-based gains as the flurry of bad news currently buffeting markets sends investors looking for safe-havens. Even delays to the Obama administration’s near $900 billion stimulus package could boost the greenback further, one analyst told CNBC. Get the latest investment advice from the experts on CNBC, below.
Sweden's government says it is ready to inject 50 billion kronor ($6 billion) into the nation's banks in a fresh bailout initiative designed to boost lending to Swedish companies hurt by the credit crunch.