*July HSBC/ Markit mfg, export orders PMIs both miss 50. South Korea's exports in July grew 5.7 percent from a year earlier to $48.42 billion and imports rose 5.8 percent to $45.90 billion, the trade ministry data showed.» Read More
The Oracle of Omaha is looking for European businesses with pre-tax profits of at least $75 million, but he says the bigger the better. The tour began in Frankfurt, continues in Lausanne, Switzerland Tuesday and rolls on to Madrid and Milan later in the week.
European shares were set to fall on Tuesday, snapping a four-session winning streak, tracking a mixed performance on Wall Street and weaker Asian stock markets as persistently high oil prices fuelled concerns about rising inflation.
Australia's central bank actively considered raising interest rates earlier this month as inflation was uncomfortably high, minutes of its May policy meeting showed on Tuesday, sending the Australian dollar to 24-year highs.
The Bank of Japan left interest rates unchanged at 0.5 percent on Tuesday, as expected, opting to take more time to determine when the fog will clear from the economy -- both in Japan and around the world.
The dollar rose on Monday, rebounding from a 2-1/2 week low against the euro as equities rallied and an economic forecasting gauge showed the U.S. economy, while weak, has so far managed to avoid recession.
A few Federal Reserve policy-makers have begun talking openly about the need to raise interest rates, but it appears more likely the U.S. central bank will stay on hold until early 2009.
World stocks rallied Monday amid signs investors were becoming more confident that the worst of the economic slump might be over.
The worst of the housing slump and the credit crunch might come to an end this year, economists say, but the economy will weaken further and unemployment will rise.
The U.S. economy is weak but does not appear to be in a recession, according to a key forecasting gauge, the Conference Board reported.
The fallout from the global credit crisis is not over yet, billionaire investor Warren Buffett said Monday.
European Central Bank President Jean Claude Trichet warned on Monday that the end of the credit crunch was not yet in sight and the world was experiencing an "ongoing and very significant market correction."
The credit crunch is far from over and is likely to hit sectors other than housing, Marc Faber, Editor and Publisher of “The Gloom, Boom & Doom Report”, told "Squawk Box Europe."
China's inflation might spill over from food to other sectors as strong domestic consumption convinces producers that they will not lose market share if they raise prices to increase profits, a senior official said in remarks published on Monday.
China began three days of national mourning on Monday for more than 30,000 victims of an earthquake that struck a week ago.
The dollar extended losses against the euro and gave up gains versus the yen Friday, hurt by a report showing that U.S. consumer confidence tumbled to its lowest in 28 years in May.
The US economy and financial markets will improve by year-end but housing still poses the biggest threat to the economy, Treasury Secretary Paulson predicted.
- Notes from an ECB groupie's travelog -
The head of the Federal Deposit Insurance Corp said on Friday that another wave of U.S. credit stress was coming, involving non-mortgage loans.
Construction starts on new homes rose by a surprisingly strong 8.2 percent in April and applications for new building permits turned up for the first time in five months.
The U.S. economy may avoid recession but it is likely to remain weak at least until the end of the year, Atlanta Federal Reserve President Dennis Lockhart told "Squawk Box" on Friday.