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World Economy

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  • Obama’s Wounded Treasury Man Tuesday, 27 Jan 2009 | 8:45 AM ET
    Treasury Secretary Timothy Geithner

    Since Geithner is something of a wounded warrior from the tax non-payment controversy, Team Obama’s economic policy is shifting toward a Larry Summers power-center right now.

  • Citigroup Gets Grounded Tuesday, 27 Jan 2009 | 8:36 AM ET

    The financial services giant is taking a hint from George Soros, who flew "commercial" to Davos, as we previously reported.

  • Baccardax: Optimism Down, Not Out Tuesday, 27 Jan 2009 | 7:28 AM ET

    Hopefully readers will forgive the indulgence into tennis analogy, but I've just finished watching an absorbing quarter-final at the Australian Open between the Serbian-born comeback kid, Jelena Dokic, and the world's third-best female, Dinara Safina of Russia. And the parallels are clear.

  • Gold Bars

    Experts are divided on which threat is worse for the global economy, deflation or inflation, but gold is a safe bet in either outcome, Morgan Stanley said in a research note.

  • Infosys Talks about What to Expect from WEF Tuesday, 27 Jan 2009 | 5:19 AM ET

    Kris Gopalakrishnan, CEO of Infosys, considers what the main issues addressed at the conference will be and how everyone stands to benefit from the conference.

  • Read This Post ... I Buried the Lead Tuesday, 27 Jan 2009 | 2:48 AM ET

    The movers and shakers at Davos don't travel cheap. But just one day after the news Citi has a fancy new elite private jet on the way, a billionaire investor travels commercial.

  • Davos or Bust Tuesday, 27 Jan 2009 | 1:16 AM ET

    Everyone at Davos may be focused on the collapse of the global economy. But the conference itself is helping create a mini-boom, at least for the moment.

  • A Bull in the China Market Tuesday, 27 Jan 2009 | 12:22 AM ET

    Starting September 2008 the Shanghai Composite Index has been steadily rising, a remarkable performance in this dismal environment.

  • They've Got an Uphill Battle Monday, 26 Jan 2009 | 7:41 PM ET

    The theme for the World Economic Forum this year is "Restoring Trust, Rebuilding Confidence." It ain't gonna be an easy sell.

  • Thain Saw Smaller Loss in Early Dec.: BofA Officials Monday, 26 Jan 2009 | 5:26 PM ET

    Former Merrill Lynch CEO John Thain's estimate of losses in early December was only a fraction of the $15.3 billion loss that the brokerage giant later reported, Bank of America senior executives told CNBC.

  • To Go Or Not To Go Monday, 26 Jan 2009 | 3:04 PM ET

    That is the question this year about Davos. In such troubled economic times, expected participants—from Wall Street To Washington—are dropping like flies.

  • US President Barack Obama won't be there, but many other major world leaders will be on hand, and policy experts say they'll have to do more than just show up if they want to jumpstart the global economy.

  • Sleeves Up, Profiles Low Monday, 26 Jan 2009 | 1:32 PM ET

    The conversations on the ground in Davos, Switzerland are likely to pick up where they left off at the 2008 World Economic Forum’s annual meeting: how did we get here?

  • Are CEOs Stupid Or Spoiled? Monday, 26 Jan 2009 | 1:27 PM ET

    You know what's worse than finding out that Citigroup is buying a $50 million top-of-the-line corporate jet? Finding out that Citi actually owns a whole subsidiary called CitiFlight that manages its fleet of corporate jets.

  • Layoffs Keep Growing—Is Your Firm On the List? Monday, 26 Jan 2009 | 11:09 AM ET

    Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.

  • Timothy Geithner's tax controversy won't cost him his confirmation as U.S. Treasury Secretary on Monday but it could prove a source of friction when he seeks new powers from Congress to fight recession. Tell us what you think:

  • Reigniting Growth Monday, 26 Jan 2009 | 10:39 AM ET

    Instead of nationalizing the banking system, or making our big financial institutions wards of the state, or interfering with real estate markets through foreclosure bailouts, or expanding any other aspects of Bailout Nation, let’s have some pro-growth tax policies.

  • An "intense recession" is likely through spring despite a surprising climb in leading economic indicators, the Conference Board said.

  • Busch: The Stimulating Pork Plan.... Monday, 26 Jan 2009 | 10:23 AM ET
    Andrew Busch

    I continue to be concerned over this effectiveness of this spending plan and the timing of the stimulus, says Andrew Busch.

  • At Davos, Crisis Culls the Guest List Monday, 26 Jan 2009 | 9:37 AM ET

    This year, politicians, not corporate titans, are poised to be the big draw, echoing the broader power shift away from the free market as one government after another tries to prop up its sinking economy.

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