TOKYO, Oct 21- The time is "ripe" for Japan and the United States to reach a breakthrough in talks for a Trans-Pacific Partnership trade pact, the U.S. commerce secretary said on Tuesday, adding that the two were "a lot closer" to a deal than in recent months. Penny Pritzker, who is in Japan with a trade mission of U.S. energy and medical companies, said both countries needed...» Read More
Stocks went four for four Friday in a dramatic win that delivered stocks their best week since November.
Stocks opened slightly higher Friday amid some much-needed good news from banks.
Futures pointed to a fourth straight session of gains Friday amid some much-needed good news from banks.
Global stocks were down Tuesday on heightened fears over the stability of the financial industry. Wall Street sank to an 11-year low overnight on reports the government may take a 40 percent stake in Citigroup.
Trading is not about perfection. It is about probability and progress. All charts, analyses (fundamental and technical) and trading plans are built on probabilities. Why then, do so many traders strive for perfection, asks market psychiatrist Janice Dorn, M.D., Ph.D.
Global stocks ended the week lower Friday on heightened economic fears. The dollar and government bonds gained as investors parked their money in safe havens.
The yen rose toward a 13-1/2 year high against the dollar and a seven-year peak versus the euro on Thursday. While the sterling fell again against the greenback, nearing $1.3618, its lowest since September 1985.
Global stocks were down again Wednesday on continued signs of trouble in the financial sector. Experts tell CNBC that there is more bad news to come.
Barack Obama will become the 44th President of the United States on Tuesday. Ahead of Obama's inauguration, global stocks were mixed on investors' concerns about the economic difficulties confronting the incoming president. Experts on CNBC expect the dollar and U.S. stock market to fall on Obama's induction.
Global stocks were up Thursday after the U.S. said it would support Bank of America's purchase of Merrill Lynch with a $20 billion investment by the government and a promise to protect against losses on bad loans, removing a risk for investors. Experts highlight four perils that will dominate 2009.
The European Central Bank is widely expected to cut interest rates by 50 basis points Thursday, to a record low of 2 percent. But how low will the central bank go? Experts tell CNBC euro-zone rates could bottom at 0.5 percent.
A day ahead of the European Central Bank's rate decision, more dismal data showed the euro zone needs monetary easing. But experts tell CNBC that central banks' interest-rate cuts have little impact on the economy in the current financial turmoil.
The euro remained under pressure Tuesday despite the German government approving a second stimulus package worth $64 billion to help Europe's largest economy.
China's exports suffered their biggest decline in a decade in December as a trade slump that has caused a wave of factory closures and layoffs worsened, according to data reported Tuesday by a government newspaper.
There is a big chance that the Chinese economy will contract, as exports are falling because of the financial crisis that has gripped Western economies, Hugh Hendry, chief investment officer and partner at hedge fund Eclectica, told CNBC.
The euro fell against the dollar and the yen Monday ahead of the European Central Bank's interest-rate decision on Thursday. Experts tell CNBC that the single euro-zone currency will experience headwinds this year.
U.S. employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, suggesting that the year-long recession was deepening.
China has bought more than $1 trillion of American debt, but as the global downturn has intensified, Beijing is starting to keep more of its money at home, a move that could have painful effects for American borrowers, the New York Times reported.
When American consumers stop buying, companies around the world suffer — even those that do little business in the United States, the New York Times reported.
As the global recession deepens, the news around the world shows how drastic the pullback hits trade between nations. The two poster children for this are China and Japan as their economies are primarily centered around exports.