World Economy


  • Euro Stocks Fall as Goldman Note Hits Banks Friday, 4 Jul 2008 | 11:58 AM ET

    European stocks ended 1.2 percent lower on Friday, reversing the previous session's tentative recovery as banks resumed their decline, hit by a negative note from Goldman Sachs on the sector.

  • Worse Car Sales Decline Expected in Western Europe Friday, 4 Jul 2008 | 11:21 AM ET

    J.D. Power Automotive Forecasting on Friday reduced its forecast for west European car sales in 2008 and 2009 and now expects falls of 4 percent and 1.3 percent respectively.

  • Euro Hits One-Week Low vs. Dollar on Trichet Friday, 4 Jul 2008 | 10:41 AM ET
    Dollars and Euro

    The euro hit a one-week lows versus the dollar on Friday, deflated after the European Central Bank signalled it wasn't planning another rate rise and as U.S. jobs data did not deliver a big downside surprise.

  • Malaysia Exports Jump on Crude, Palm Oil Demand Friday, 4 Jul 2008 | 2:01 AM ET

    Malaysian exports in May jumped 22 percent from a year earlier to a record high, far exceeding market expectations, thanks to high shipments of crude, palm oil and electronics.

  • Market Insider: The Week Ahead Thursday, 3 Jul 2008 | 5:22 PM ET

    Stocks are likely to remain hobbled by gushing oil prices in the week ahead, but it's also the start of the earnings season, and that will ultimately influence direction.

  • For the short Independence week ending Friday, July 3, 2008, the U.S. Markets ended the week in bear market territory with the Dow and the NASDAQ off more than 20% from their market peak set in October, 2007.

  • Hedge Fund Swindler Tells Judge He Tried Suicide Thursday, 3 Jul 2008 | 4:27 PM ET

    Hedge fund swindler Samuel Israel III faced a fresh charge of bail jumping Thursday and was ordered to jail immediately, one day after his mother convinced him end a high-profile run from justice.

  • Meet the Newest Face on The Board of Governors Thursday, 3 Jul 2008 | 4:07 PM ET
    Elizabeth Duke

    The Democratic-led Senate approved the newest member of the Federal Reserve’s System Board of Governors last Friday, making Elizabeth A. Duke the seventh woman to become a member of the board since the board was formed in 1913.

  • Dow Gains but Ends in Bear Territory Thursday, 3 Jul 2008 | 3:42 PM ET

    Stocks enjoyed an upbeat session after a not-horrible jobs report but both the Dow and Nasdaq ended the holiday-shortened week in bear-market territory.

  • Dollar Rallies On Jobs Stability, ECB Move Thursday, 3 Jul 2008 | 1:37 PM ET

    The dollar rallied on Thursday after U.S. payroll data suggested the job market was not as dire as many investors had feared while the European Central Bank president struck a less aggressive tone on prospects for rate hikes.

  • Banks Boost Euro Shares as ECB Hikes Thursday, 3 Jul 2008 | 12:54 PM ET

    European shares rose on Thursday in their most volatile day of trade in over three months after a flurry of mixed U.S. data and the European Central Bank's surprise shift in its stance towards monetary policy.

  • Service Sector Shrinks Unexpectedly in June Thursday, 3 Jul 2008 | 12:03 PM ET

    The U.S. service sector shrank unexpectedly in June, according to a report released Thursday, while inflation pressures soared to a record high for the survey's 11-year history.

  • Stocks Back Up in Wobbly Session Thursday, 3 Jul 2008 | 11:42 AM ET

    Stocks opened higher Thursday as the market breathed a collective sigh of relief that the June job loss wasn't worse than expected.

  • Stocks Slide After Service-Sector Report Thursday, 3 Jul 2008 | 10:32 AM ET

    Stocks opened higher Thursday as the market breathed a collective sigh of relief that the June job loss wasn't worse than expected.

  • European Central Bank Boosts Rates Thursday, 3 Jul 2008 | 9:49 AM ET

    Euro-zone rates rose to 4.25% as the central bank fights inflation, but ECB President Jean-Claude Trichet's message was slightly dovish.

  • Labor Market Remains Weak as Payrolls Shrink Thursday, 3 Jul 2008 | 9:39 AM ET

    US employers cut workers from their payrolls for the sixth straight month in June for the country's longest losing streak since 2002. Unemployment holds steady at 5.5%.

  • Small Businesses Ramp Up Hiring Plans Thursday, 3 Jul 2008 | 8:23 AM ET

    A small but growing number of U.S. small business owners expect job growth to pick up in the next three months as they see the economy inching toward health in the second half, a survey released on Thursday showed.

  • Don't Blame the Dollar for Oil Prices: Paulson Thursday, 3 Jul 2008 | 7:12 AM ET
    Henry Paulson

    A weaker dollar cannot be blamed for soaring oil prices as policymakers around the world tussle with the twin spectres of rising inflation and slowing growth, U.S. Treasury Secretary Henry Paulson said on Thursday.

  • ECB's Rate Hike Likely to Bring Boos Thursday, 3 Jul 2008 | 6:49 AM ET

    A petition to halt interest rate hikes in the euro zone notwithstanding, European Central Bank President Jean-Claude Trichet will in all likelihood boost interest rates when the policy makers meet Thursday.

  • Economy Expected to Shed Jobs for 6th Straight Month Thursday, 3 Jul 2008 | 4:45 AM ET

    Payrolls likely dropped by 60,000 in June, while the jobless rate is expected to have fallen to 5.4 percent from 5.5 percent in May.

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