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As OPEC ministers met in Vienna this week it became clear that the cartel is now divided between those wanting to raise output, like Saudi Arabia, and those wanting to hold it and keep prices high.
The foreign exchange market has turned upside down and the dollar no longer has an anchor as investors grapple with the implications of quantitative easing, discussions to raise the debt ceiling and the recent slowdown in US growth, according to David Bloom, the global head of foreign exchange strategy at HSBC.
Diamonds are, apparently, forever, and they are fetching record prices in the rough.
When states make their pitches to companies, those pitches invariably include selling points that will somehow be paid for by taxpayers. Business incentives, quality education, strong infrastructure—none of that is free.
Recent signs that the economic recovery is flagging have introduced a new tension into the bipartisan budget negotiations.
Economic data on both sides of the Atlantic pointing to a slowdown is rattling investors' nerves and is likely to keep them on the sidelines for the rest of the month, Barclays Capital expects.
Despite grave warnings by rating agencies about the United States' debt problems, not all financial experts feel the same. Jay Feuerstein, chief executive officer of investment company 2100 Xenon, says the agencies are "dead wrong".
Analysts have been feverishly revising down their growth projections. Much depends on the effectiveness of policies and, critically, whether there will finally be a more coherent and sustained policy response in systemically important countries, especially the US and Europe.
I have to differ with those who say Bernanke tanked the market in Tuesday's remarks to the International Monetary Conference. My read is he's throwing the market a bone, not taking one way.
Our beloved two party political system is currently negotiating an increase to the debt ceiling, all in the name of fiscal responsibility.
A recovery in the US housing market and growth for the US economy are key to the global economic recovery, along with growth in China and further funding for Greece, Gary Baker, head of European equity strategy at BofA Merrill Lynch told CNBC.
What is one to make of recent economic data, particularly in the advanced countries? Is the world economy slowing? If so, should policy do anything about it and, if so, what might the alternatives be? The FT reports.
Following a threat to put the United States' debt on review for downgrade by Moody’s ratings agency, the risks of Washington making a major mistake are rising, according to Lee Hardman, the chief economist at The Bank of Tokyo-Mitsubishi.
The US economy could be facing a so-called Operation Twist rather than a third round of quantitative easing (QE3), a leading economist told CNBC Wednesday.
There was no guidance on the end of the second round of quantitative easing or QE2 and no guidance on the chance of QE3, but Federal Reserve Chairman Ben Bernanke on Tuesday confirmed market expectations that the United States' borrowing costs will remain low for the foreseeable future.
A new head and shoulder pattern has developed in the Dow. The rapid falls of last week confirmed the right shoulder of the pattern. The depth of the pattern puts the downside target near 11,600.
Looking at the recent slowdown in the US economy it would be easy to conclude that policy decisions made in Beijing aimed at cooling the Chinese economy are impacting America a few months later.
Despite weak economic data a double dip recession is unlikely and investors should favor stocks over bonds, according to Chris Watling, the CEO of Longview Economics in London.
The US economy can still grow by as much as 2.5 percent this year without a third round of quantitative easing, despite a raft of bad economic data, Rajiv Biswas, chief economist at IHS Global Insight told CNBC on Monday.
With oil-producing countries in turmoil and crude gushing to triple digits, OPEC finds itself after 50 years at a critical crossroads. The group produces 40% of the world’s oil, but unrest and revolution in member countries has compromised output.