World Economy


  • Pros Say: Credit Cards May Be a Problem Friday, 31 Oct 2008 | 8:28 AM ET

    This October could be the worst month ever for global markets. But with the month coming to an end and investors still fearful of a deep, prolonged recession, what will be the other shoe to drop? CNBC's experts weigh in.

  • Korea, Korean Flag

    South Korea is working on a new set of policies to boost demand and offset the impact from a global slowdown on Asia's fourth-largest economy as investors are more hopeful that it has averted a full-scale financial meltdown.

  • Inflation in Japan Slows as Energy Prices Ease Friday, 31 Oct 2008 | 1:01 AM ET
    Japanese Flag

    Prices in Japan kept climbing in September, the government said Friday, but the pace of inflation appears to have peaked this summer as energy costs ease.

  • IMF Agrees to Lend Pakistan $9 Billion Thursday, 30 Oct 2008 | 11:03 PM ET

    The International Monetary Fund has agreed to lend Pakistan $9 billion, a source familiar with the negotiations told CNBC. There will also be another meeting in November to negotiate for more aid with Gulf countries.

  • Divided Bank of Japan Trims Rates as Crisis Bites Thursday, 30 Oct 2008 | 9:33 PM ET

    A divided Bank of Japan cut interest rates for the first time in seven years on Friday, under government pressure to join the global response to the worst financial crisis in 80 years.

  • Today's Top Videos: Pickens, Carlos Slim & More... Thursday, 30 Oct 2008 | 7:19 PM ET

    Boone Pickens says his company is "out of the market, and have been for several weeks," after his company was slammed by the credit crunch, shrinking by about 60 percent so far this year. Meanwhile, Mexico's Carlos Slim, the world's second richest man, comments on the economy. Following are today's top videos:

  • Bank Borrowing From Federal Reserve Fell Last Week Thursday, 30 Oct 2008 | 4:40 PM ET

    U.S. banks' direct borrowing from the Federal Reserve fell last week, although it remained at very high levels even as the U.S. central bank made its first foray into the commercial lending markets, Fed data showed

  • US Economy Is 'Deeply Worrisome': Fed's Yellen Thursday, 30 Oct 2008 | 4:22 PM ET
    Janet L. Yellen

    Recent trends in the U.S. economy are "deeply worrisome" at a time damage from the credit crunch has outpaced the Federal Reserve's huge interest rate cuts, a top Fed policy-maker said Thursday.

  • Three Reasons Why Stocks Have Become So Volatile Thursday, 30 Oct 2008 | 4:16 PM ET
    Traders at SIG Specialists trading post on the floor of the New York Stock Exchange talk among themselves shortly after the opening bell Monday, April 18, 2005, in New York.  Stocks regained some stability Monday following a three-day selloff as strong first-quarter earnings and a pair of merger announcements lent some support to a market battered by worries about economic growth.  (AP Photo/Kathy Willens)

    When volume is light—as it typically is in bear markets—the actions of a relatively small number of investors can have a profound impact on stock prices.

  • Fed Taking Measures 'the Smart Way': Ackman Thursday, 30 Oct 2008 | 9:46 AM ET

    The Federal Reserve's steps to help out the banking system have begun to take hold and will help resuscitate the economy, said William Ackman, managing principal at Pershing Square Capital Management.

  • What the Pros Say: This Rally Won't Last Thursday, 30 Oct 2008 | 9:27 AM ET

    Asian markets traded higher Thursday, with the Nikkei 225 Average closing almost 10 percent higher. CNBC's experts believe the index can keep climbing, while the rally in Western markets may be shortlived.

  • Pimco's Gross: Rates To Hold Steady Or Decline More Wednesday, 29 Oct 2008 | 5:02 PM ET

    As the Federal Reserve slashed a key interest rate by 50 basis points on Wednesday, Pimco's Bill Gross said he expects rates to hold or decline to 1 percent.

  • Rate Cut Doesn't Give Stock Market Much of a Boost Wednesday, 29 Oct 2008 | 4:05 PM ET
    Traders at the NY Stock Exchange

    The stock market collected on its rate-cut IOU today from the Fed, but it didn't end up changing the mood on Wall Street.

  • Fed Rate Cut Fails to Deliver Much Impact on Stocks Wednesday, 29 Oct 2008 | 2:25 PM ET
    Traders at the NY Stock Exchange

    Wall Street is waiting to collect on a rate-cut IOU today from the Federal Reserve, but the central bank's move is unlikely to cause a major shift in the markets.

  • Text: FOMC Statement Wednesday, 29 Oct 2008 | 2:19 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Below is the statement released by the Federal Open Market Committee after its Oct. 28-29 meeting on interest rate policy:

  • Do We Need a Rate Cut? Former Fed Officials Weigh In Wednesday, 29 Oct 2008 | 11:33 AM ET

    The Federal Reserve will unveil its decision on interest rates Wednesday afternoon, and a cut is widely expected by investors. CNBC asked former Federal Reserve officials to weigh in on the upcoming decision.

  • Crescenzi: Three Reasons Fed Rate Still Matters Wednesday, 29 Oct 2008 | 10:50 AM ET
    Tony Crescenzi

    The real story regarding the Federal Reserve is its various liquidity operations; the federal funds rate is second fiddle. The federal funds rate nonetheless remains a powerful tool and it would be a mistake to dismiss its importance for two reasons.

  • What the Pros Say: Handle Rally with Care Wednesday, 29 Oct 2008 | 9:04 AM ET

    Stock markets have been boosted by rallies but investors should trade with care, experts recommend.

  • The Nikkei Slides Towards Uncharted Territory Wednesday, 29 Oct 2008 | 2:40 AM ET

    October hasn't been a very good month for Japan's Nikkei 225 Average. And for those invested in the Nikkei, October has been nothing short of apocalyptic. A quick run through of the statistics is enough to send investors screaming for cover. But what do the charts say?

  • The Truth Behind Falling Gas Prices Tuesday, 28 Oct 2008 | 9:13 PM ET

    The extraordinary plunge in oil comes down to simple Economics 101.

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