World Economy


  • Australia Business Confidence Plunges to Record Low Monday, 10 Nov 2008 | 10:39 PM ET

    Australian business conditions have taken a steep turn for the worse as confidence slumped to record lows in the eye of October's financial storm, and even a bold cut in official interest rates provided only cold comfort.

  • China's October Inflation Eases to 4% Monday, 10 Nov 2008 | 10:09 PM ET

    China's inflation rate fell further in October, easing pressure on Beijing to contain price rises as it launches a massive stimulus package to boost slowing growth.

  • Japan's Current Account Surplus Dives 48.8% Monday, 10 Nov 2008 | 10:00 PM ET
    Japanese Flag

    Japan's current account surplus in September plunged 48.8 percent from a year earlier as import growth far outpaced export growth in the face of a global slowdown, the Finance Ministry said Tuesday.

  • Las Vegas Sands Puts Projects on Hold, Posts Loss Monday, 10 Nov 2008 | 8:07 PM ET
    Las Vegas, Nevada

    Casino operator Las Vegas Sands, which warned last week it was in danger of violating loan agreements, said it would suspend construction in Macau as it copes with a lack of financing options.

  • Tiger Woods discusses getting into real estate in the current market, how he feels about Obama's election and the survival of his sport in tough economic times, while American International Group's CEO comments on the company's loss of $24 billion in the third quarter and the government's bailout package. Following are today's top videos:

  • US Dollar Falls vs. Euro After China Stimulus Plan Monday, 10 Nov 2008 | 2:02 PM ET

    The U.S. dollar fell against the euro Monday as news of a large economic stimulus package from China made traders more willing to take on risk.

  • Crisis Timeline: Fed Actions to Combat Credit Crunch Monday, 10 Nov 2008 | 1:57 PM ET

    The U.S. Treasury and Federal Reserve on Monday eased the terms of official aid to battered insurance giant American International Group.  The following is a chronology of Fed actions to counter a global credit crisis sparked by the collapse of U.S. housing

  • Euro Shares End Higher as Commodities Gain Monday, 10 Nov 2008 | 12:46 PM ET

    European shares rose on Monday as commodities surged on a near $600-billion Chinese economic stimulus plan, though stocks ended well off day highs on doubts about whether the plan was enough to avert a sharp global slowdown.

  • Stimulus Stock Plays Monday, 10 Nov 2008 | 12:16 PM ET

    On Friday, President-elect Barack Obama said that his top priority was to get a new economic stimulus plan passed.  Yesterday, China announced its own $600 billion stimulus plan with an emphasis on infrastructure and public works.  With all this money pouring in, which stocks might be poised for a jump?

  • China Unveils Nearly $600 Billion Stimulus Plan Monday, 10 Nov 2008 | 12:11 PM ET

    China pitched in nearly $600 billion to the global effort to avoid the worst economic downturn in decades, while grim Japanese data offered more proof of the damage caused by the global financial crisis.

  • Obama Won't Name Any Cabinet Posts This Week Monday, 10 Nov 2008 | 11:50 AM ET

    President-elect Barack Obama will not make any Cabinet announcements this week, a spokeswoman said Monday.

  • Banks Won't Lend Until Confidence Returns: Kashkari Monday, 10 Nov 2008 | 11:28 AM ET

    Capital markets must regain some stability before banks receiving government rescue funds will begin making loans again, the Treasury Department official managing the rescue said on Monday.

  • US Job Market Weakened Further in October Monday, 10 Nov 2008 | 11:22 AM ET

    The U.S. job market weakened in October as demand for goods and services continues todecline, a private research group said on Monday.

  • Busch: Audacity of Redesign? Monday, 10 Nov 2008 | 10:30 AM ET
    Andrew Busch

    Ahead of next weekends meeting, the G20 group of advanced and big emerging economies issued a communiqué indicating the direction and scope of their interests. From stabilizing the financial markets to supporting global growth to minimizing the “negative social impact” of the crisis, their goals are lofty and their ambition extraordinary.

  • Stock Market To Fall Another 20%-25%: Roubini Monday, 10 Nov 2008 | 9:48 AM ET

    The economy will worsen in the coming months and cause the market to fall another 20 to 25 percent in the United States and abroad, said Nouriel Roubini, a New York University business professor, on CNBC’s “Squawk Box” on Monday.

  • With the end of merger talks between Chrysler and General Motor, there is rampant speculation about what happens next to Chrysler. Sure parent Cerberus Capital would prefer to sell Chrysler as a whole, but the odds of that happening aren't real strong.

  • What the Pros Say: 70% Chance of a 'Massive Rally' Monday, 10 Nov 2008 | 9:22 AM ET

    Global stocks got a boost after the announcement of China's near-$600 billion stimulus package. After last week's rollercoaster ride, CNBC's experts believe there is a strong chance that this is the beginning of a major year-end rally.

  • There’s no use trying to pretend now. The economic news that poured out last week is ample evidence that the US economy is in a recession. The headline news on the job losses told the story loud and clear and what will follow will be a steep decline in corporate profits.

  • Qatar Oil Minister: Oil Price Should Stay Above $70 Monday, 10 Nov 2008 | 6:17 AM ET

    Oil should be above $70 a barrel to encourage investment in increased production capacity and avoid creating future supply crises, Qatar's oil minister said on Monday.

  • Toyota Prius

    Australia's government is to inject an extra $2.3 billion into the ailing car industry to offset tariff cuts and a global economic slowdown, Prime Minister Kevin Rudd said on Monday.

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