TOKYO— A deal between Japan and the U.S. needed to move ahead with a Pacific Rim trade pact is possible by this spring, a top Japanese trade negotiator said Tuesday. Wendy Cutler, acting deputy U.S. trade representative, will visit Japan for talks beginning Thursday on the politically sensitive issue of dismantling protections for Japan's farm products and for...» Read More
Stock markets in the developed world have risen too much, Robert Shiller, economics professor at Yale, told CNBC Thursday.
China is not a friend of the US and should not have been praised during President Obama's State of the Union speech Tuesday, real estate magnate Donald Trump said.
Stephen Schwarzman, founder and CEO of the Blackstone Group, called the State-of-the-Union speech part of a welcome move to the center following the midterm elections.
The White House plan to partially freeze government spending is just "spare change" compared to a budget deficit of more than $1 trillion and eventually the US will have to raise taxes, economist Nouriel Roubini told CNBC Wednesday.
At least for this year, the euro zone will remain united and no country is likely to default, analysts told CNBC.com. But debt restructuring is on the horizon for later.
The surge in commodity prices has many worried about skyrocketing food prices at home. But a look at how much the increase in raw commodities actually makes it to the plate, at least in the United States, shows that it is unlikely by itself to cause widespread inflation.
Whether they be Japanese housewives or folks in India and Indonesia energy and food prices matter – big time.
"I'm very excited about this year’s meeting, particularly because it's two years after the financial crisis. And we're beginning to see some real stabilization in the economy. As we prepare for a lot of interviews and the various sessions, I will be thinking about what pockets of the world will be critical to global economic growth," says CNBC's Maria Bartiromo.
Government policymakers in Davos this week looking to revive growth might want to emulate global mutual-fund managers, who are having no trouble finding growth stories across the developing world and in pockets of developed markets.
Though the US-China relationship often dominates the geopolitical trade debate, Beijing is now the top trading partner for Japan, Australia and South Africa, as well as South Korea, Hong Kong and Taiwan.
Political and business leaders invited to the World Economic Forum's annual meeting in Davos this week will sift through the blessings and curses of global interdependence that not only brought the world’s economies to a collective low three years ago but also provide the only realistic return to prosperity
Global leadership in the sector is still fragmented—the U.S. China, Brazil and Israel can all lay claim in certain fields—but there's no doubt the sector’s center of gravity is moving slowly from the developed economies to the emerging markets.
After decades of boom to bust behavior, economies from Mexico to Brazil are looking dynamic, diverse and durable, helped by a wealth of natural resources and a good measure of fiscal discipline.
The catchy and no doubt memorable phrase coined by Pimco boss Bill Gross amid the financial crisis is rapidly disappearing from Wall Street’s lexicon—and probably Davos' as well.
As demand for technology rises in the larger emerging markets, U.S.-based companies will find both more opportunities and competition for their products overseas.
See if you could your own at the meeting of economic, business and political leaders.
J.C. Penney plans to give board seats to the hedge fund Pershing Square Capital Management and Vornado Realty Trust, months after the two investors purchased big stakes in the retailer, people with direct knowledge of the matter told DealBook on Sunday, the New York Times reports.
A number of people, myself included, have looked to Ronald Reagan’s Cold War triumph over the Soviet Union as a possible solution to Red China’s rising arrogance. Times are different today. But Reagan argued forcefully that domestic economic growth is the best weapon against foreign threats.
Despite the public relations reality of the China-US trade deals, the $45 billion is real money, and some high-profile companies are now a lot better positioned in China than they were a week ago.
German gross domestic product will likely rise 3 percent in 2011, according to economists at Capital Economics. But their pick for next-strongest euro-zone economy tends to fly under the radar.