Compared to China, India's shadow banks aren't that much of a concern, Thomas Byrne, senior vice president and regional credit officer for Asia and Middle East, Moody's Sovereign Risk Group.» Read More
Euro zone services growth cooled more than expected in December as the banking sector stalled while manufacturing activity eased marginally, but in line with forecasts, a key survey showed on Monday.
As we enter the final stretch of 2007, the stock market may temporarily lose some of its violent mood swings and secure gains for the month and the year.
Euro zone inflation surged to 3.1 percent in November, the highest level since May 2001 according to Global Insight and above an earlier estimate of 3 percent, data from the EU statistics agency Eurostat showed on Friday.
Consumer inflation data is big on Friday's agenda after Thursday's producer prices showed wholesale level inflation surging at the fastest rate in 34 years.
Everybody seems to have an opinion on the Federal Reserve's plan to ease the global credit crunch. Here's what some CNBC guests were saying Thursday.
Lehman Bros.' fourth-quarter earnings report, producer price inflation data and November retail sales will be factors setting direction for Thursday's markets.
Central banks banded together to make it easier for stressed banks to borrow money in a credit crunch that threatens to knock the U.S. economy into recession.
Major central banks, including the Federal Reserve and the European Central Bank, acted in unison Wednesday in unveiling plans to provide liquidity to the banking system, where funds covering a longer span of time have become scant.
The Federal Reserve's plan to ease the global credit crunch has been in the works for a while and will be more effective than cutting interest rates, a senior Fed official said.
Uncertainty and housing. Those are the key words in forecasts of the US economy in 2008. And just how bad the economy performs depends mostly on the depth and duration of the housing recession and the great unknowns of the credit crunch.
Investors in US fixed income markets face a laundry list of uncertainties in 2008, which are likely to keep them on the defensive, analysts say. The best course of action may be to diversify.
The yen tumbled and high-yielding currencies posted sharp gains as carry trades regained popularity Wednesday after Federal Reserve and other major central banks announced coordinated measures to ease the money market's liquidity crunch.
The U.S. Federal Reserve on Wednesday announced with other major central banks measures to alleviate upward pressure in interbank markets as financial sector troubles have made it more difficult for banks to raise funds. Following are some major steps the Fed has taken to provide funding to the banking system.
The text of the Federal Reserve's statement on adding additional liquidity into money markets released Dec. 12.
The Federal Reserve cut interest rates a modest quarter point, disappointing Wall Street, which had hoped for more-aggressive action.
Australian consumer sentiment improved in December as relief over the central bank's decision not to raise interest rates enhanced confidence in the economy, a survey showed on Wednesday.
The dollar rose slightly against the euro but fell against the yen on Tuesday after the Federal Reserve cut its benchmark interest rate by a quarter of a percentage point, less than what some had expected.
The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/4 percent.
Financial markets expect the Fed to trim interest rates a quarter point this afternoon, but many investors are hoping for a half-point cut.
The U.S. economy is in the danger zone and one good shock could send it into recession next year, according to Global Insights, which released its top 10 predictions for 2008 Tuesday.The Boston-based forecasting company said GDP growth in the fourth quarter of 2007 and first half of 2008 is expected to be very weak, and will make the United States extremely vulnerable.