SYDNEY, Aug 1- Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade. The upbeat result was echoed in the HSBC/ Markit China measure of manufacturing which climbed to an 18- month peak of 51.7, from June's 50.7.» Read More
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.
China's wholesale price inflation tumbled in October, clearing the way for the central bank to cut rates at any time to support a massive stimulus package aimed at shoring up the world's fourth-largest economy.
Japan's core machinery orders posted their biggest quarterly fall in a decade in July-September and manufacturers expect only a small rebound in the last quarter of the year, boding ill for capital investment as the economy teeters on the brink of recession.
Australia's central bank lowered its forecasts for economic growth for the next two years, saying it would be reviewing interest rates in the months ahead with the aim of avoiding an even sharper slowdown in domestic demand.
China launched a huge stimulus plan worth nearly $600 billion, kicking off what could be a round of big spending or interest rate cuts by leading economies to stave off a recession in many countries.
The nation's unemployment rate is at a 14-year high, General Motors reported a massive third-quarter loss and says it may run out of cash next year, and Ford is planning more job cuts after burning through billions of its own.
The Labor Department releases October's employment numbers at 8:30 am New York time Friday, with a big drop in nonfarm payrolls predicted.
Asian markets ended the week mixed Friday, while European markets opened higher after two days of selloffs. CNBC's experts say sit tight and wait -- maybe a long time -- for a stock comeback.
President-Elect Barrack Obama should attend the upcoming summit of the G20 developing and industrialized countries in Brazil to show that the US has a truly international leader, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.
The nonfarm payrolls data may be even worse than the consensus estimate, as the U.S. economy is taking further blows from the financial crisis, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.
South Korea's central bank cut its benchmark interest rate on Friday by a quarter point, as expected, its third cut in a month to try to calm markets and boost the economy in the face of the global financial crisis.
Forget a post-election rally. Stocks now appear likely to retest their most recent lows—and possibly head even lower.
Following rate cuts from the Fed, China and Japan last week, the Bank of England and European Central Bank slashed their key interest rates today. Central Banks from around the world are modifying their monetary policies in a coordinated effort to contain the impact of the global financial crisis.
Retailers are reporting some of the weakest sales in more than a decade as consumer spending dried up in October amid the uncertainty brought on by the financial crisis and mounting layoffs.
How much time does GM have? It's not going bankrupt this month or by the end of the year, but if it does not conserve its cash, and sales remain as depressed as they were in October, 2009 will be dicey.
Market pros are seeing more regulation ahead for financial markets.
Barack Obama's victory and an expanded majority in Congress could have Democrats making up a list of economic stimulus measures and checking it twice.
Today, we've had three European central banks move on their overnight interest rates in an attempt to quell their economies slide into recession. The biggest shocker was the Bank of England aggressively cut interest rates 150 basis points from 4.50% to 3.0%.
Another day in the red for global markets on Thursday with Hong Kong and Japanese stocks down heavily. CNBC's experts tout defensive strategies, but also say a blue-chip rally could appear.
The Bank of England's Monetary Policy Committee cut interest rates by a surprising 150 basis points, the deeper cut since the bank became independent in 1997, to help the economy fend off a recession.
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