BEIJING— China announced Monday it will cut import taxes on clothing, cosmetics and some other goods by half in a new tactic to spur consumer spending and economic growth. Beijing is in the midst of a marathon effort to reduce reliance on trade and investment to drive economic growth by nurturing domestic consumption. Tariff cuts due to take effect June 1 will be "...» Read More
The leaders of six members of the G20 group of world economic powers issued a joint open letter to the French president Nicolas Sarkozy on Thursday, calling for decisive action to be taken over the eurozone debt crisis.
The $2 billion trading loss that has rocked the Swiss banking giant UBS has also cast a spotlight on a relatively unknown but increasingly profitable corner of Wall Street — Delta One desks.
CNBC's Carolin Schober has the latest update on the rogue trader at UBS who has caused the Swiss bank to lose an estimated two billion dollars.
Has a big cloud been lifted from the NYSE? Sharing how the traders are playing today's rally, with Jonathan Corpina, Meridian Equity Partners and Peter Costa, Empire Executions.
Premier Wen Jiabao on Wednesday offered to help Europe. But, in an unprecedented move for China, he linked the offer to a potentially onerous demand: that Europe renounce its main legal defense against low-priced Chinese exports. The NYT reports.
CNBC's Rick Santelli weighs in on this weeks jobless claims and Steve Liesman shares the U.S. trade deficit numbers with exports higher and imports lower.
The Swiss central bank's decision to set a limit on how much the Swiss franc can appreciate against the euro is "a huge mistake," investor Jim Rogers, chairman of Rogers Holdings, told CNBC.com on Wednesday.
Singapore’s economy could get a shock if the U.S. falls into recession, warned both ratings agency Fitch and investment bank, Daiwa Capital Markets.
Calls for protectionism make no sense in today's global economy and globalization was not responsible for the economic downturn, despite some claims to the contrary by politicians, Pascal Lamy, Director General of the World Trade Organization told CNBC.
What awaits New York Yankees third baseman Alex Rodriguez if his physical decline continues at the rate it has been going?
The excavation of the Panama Canal is an initial step in the building of a larger set of locks that should double the amount of goods that can pass through it each year. The New York Times reports.
After the week just past, recession talk is on the rise. Here's how to trade a double dip, or a muddle through, using currencies.
China has a $120 billion trade going with Africa and the way it has tapped into the potential of this once dark continent is a lesson for investors looking to enter frontier markets.
With flagging consumer demand in the U.S. and Europe hurting Li & Fung's profits, the company says it's still seeing strong growth in Asia and that will help it weather the current storm.
Discussing whether Greek's latest bailout with keep the euro from falling, with Willie Williams, Societe Generale, and the Fast Money traders weigh in on Advanced Micro Devices and stocks you might want to drop.
Dan DiMicco gives Cramer his 3-point plan for creating jobs in the U.S.
European leaders could temporarily steal the spotlight from Washington lawmakers Thursday, as they meet in Brussels to discuss the Greek debt crisis and how to keep contagion from spreading.
A positive start to earnings season, including blowout results from Apple, is helping investors shake off worries and start buying the dips. On tap for Wednesday: UTX, AmEx, Intel.
Traders are hoping earnings will continue to emerge as a bright spot Tuesday, when a string of major blue chips report ahead of the market open and Apple reports after the closing bell.
Debt drama in the US and Europe continues next week just as earnings season gets into full swing. It's going to be a volatile week for the market.