LONDON, Aug 20- China's economy is slowing. Japan's sank in the second quarter. In a world preoccupied by geopolitical crises- from Ukraine, Iraq and Gaza to the Ebola outbreak in West Africa- the global economy has taken something of a back seat.» Read More
The first deputy managing director of the IMF says that several advanced economies are close to a mild recession, while an economist predicts that over a 1000 hedge funds will close this year. Following are today's top videos:
Unfortunately, it might not be as far-fetched as is sounds.
But that doesn't mean you can't learn some important lessons from the past. Carmen explains some simple truths to remember in this madness.
John Lipsky, first deputy managing director of the International Monetary Fund, told CNBC that advanced economies are “either in, or very close to a mild recession.”
Below are the minutes released by the Federal Open Market Committee after its Sept. 16 meeting on interest rate policy:
Cries for a rate cuts from central banks across the world are growing, but the arguments against such a move aren't going away.
Australia's Central Bank stunned the markets by cutting interest rates by a full-point to 6 percent Tuesday, a reduction that was twice as big as economists predicted and the bank's biggest cut in 16 years.
The European Union will not respond with a U.S.-style bailout package to the current crisis but it will probably decide to guarantee all private deposits in banks across its territory to boost citizens' confidence in financial institutions, analysts told CNBC on Tuesday.
Don't get spooked out of this market, Joe Terranova says. Here's how to weather the storm.
The stock market is no longer like a falling knife. It's become a whole drawer full of flying cutlery.
Governments around the world tried to contain the fast-spreading credit crisis, but stock, bond and commodity markets saw investors bet on a sharp downturn.
Watching Dow 10,000 fall by the wayside is bad enough. But while stocks will recover, those hurt by the credit crisis may not.
Franklin, Ind., an industrial-based town south of Indianapolis is starting to feel the effects of Wall Street’s pain, said Fred Paris, the town’s mayor on CNBC’s “Squawk on the Street.”
Could this finally be the big breakthrough diesel fans have been clamoring for? Could this be the start of Americans getting over their lack of interest for diesel cars? Audi certainly hopes so. Audi is on a cross country publicity push spreading the word about clean diesel.
The take over of Fortis was complicated by the Dutch nationalizing their portion of the bank. This left Belgium and Luxembourg officials to take the remaining pieces and sell it to French bank BNP.
A growing number of economists believe the country is on the brink of—or already in—its first recession since 2001 and that it will be longer lasting.
European nations scrambled on Sunday night to prevent a growing credit crisis from bringing down major banks and alarming savers as troubles in financial markets spread around the world, accelerating economic downturns on three continents, the New York Times reported.
Countries across Europe are following the move by Ireland to guarantee all its bank deposits. Should governments guarantee deposits? Vote in our poll.
The worsening credit crisis is creating even more worry about the labor market outlook and there was little consolation in the jobs report Friday. All signs are pointing to further deterioration in the months ahead. The big question is how bad it will get and how quickly.
The stumbling economy and the specter of a rough earnings season will pressure stocks in the week ahead.
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