World Economy


  • Korea, Korean Flag

    South Korea's annual producer inflation climbed to a fresh 10-year high in July, suggesting  consumer prices may rise further, but analysts said a peak could be nearing with falling oil prices.

  • China, Chinese Flag

    China's economic growth is expected to stabilize in the third quarter, helped by a shift of government policy towards sustaining growth, a major government research institute said on Friday.

  • AIG, Wal-Mart Hurt Dow as Oil Tops $120 Thursday, 7 Aug 2008 | 4:50 PM ET

    Stocks ended near session lows as oil ended above $120 a barrel and two Dow components missed the Street's targets.

  • Stocks Pare Losses as Oil Surrenders Gains Thursday, 7 Aug 2008 | 3:48 PM ET

    Stocks pared some losses Thursday afternoon as oil prices flattened out. Putting pressure on stocks today was a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss.

  • Banks Drag European Shares Lower Thursday, 7 Aug 2008 | 1:01 PM ET

    European shares ended Thursday's choppy session down slightly as concern about the reach of the credit crunch offset a potentially supportive shift in market expectations for no more euro zone rate rises this year.

  • Dollar Index Hits 5-1/2 Month High after Home Data Thursday, 7 Aug 2008 | 12:01 PM ET

    The dollar index rose to a 5-1/2-month high Thursday after a surprise rise in the U.S. pending home sales index for June.

  • Wal-Mart, AIG Drag on Stocks Thursday, 7 Aug 2008 | 11:11 AM ET

    Stocks opened lower, clipped by a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss.  But a better-than-expected report on home sales helped shave a few points off the decline.

  • Toyota's Profit Hit Shows Even The Big Boys Feel Heat Thursday, 7 Aug 2008 | 10:57 AM ET

    When Toyota reported a drop in fiscal first quarter profits of 28%, it immediately sparked a slew of e-mails from those of you who think I "favor" the Japanese automaker. In general the comments say, "Take that Toyota Phil, even your beloved auto company is hurting."

  • Credit Crunch Puts Pinch on Savings: Malpass Thursday, 7 Aug 2008 | 10:40 AM ET

    Today’s consumer credit report is expected to show that the economic slowdown caused consumers to borrow less readily in June, but David Malpass, president of Encima Global, disagreed.

  • Stocks Pare Losses After Home-Sales Report Thursday, 7 Aug 2008 | 10:21 AM ET

    Stock futures fell further after a report showed jobless claims unexpectedly rose last week. Futures had already been pointing lower as oil rose nearly $3 a barrel, Wal-Mart missed sales estimates and Dow component AIG posted a wider-than-expected loss.

  • Jobless Claims Hit Highest Point in Six Years Thursday, 7 Aug 2008 | 10:11 AM ET

    The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.

  • Comparing Global Interest Rates Thursday, 7 Aug 2008 | 9:28 AM ET

    With the economic slowdown weighing more on Europe, the ECB decided to hold its interest rates at a seven-year high of 4.25%.  Here are some world interest rates as a point of comparison.

  • Why Aren't Gasoline Prices Falling Faster? Thursday, 7 Aug 2008 | 8:55 AM ET

    Oil prices are back up over $120. But that's a sharp decline from July's all-time high over $145. Many drivers watching plummeting oil prices the last few weeks are asking: Why aren't gas prices falling as much?

  • World Markets Olympic Challenge: Playing Brazil Thursday, 7 Aug 2008 | 8:46 AM ET

    Qualifying rounds - Day Four: Europe and the US extend their gains with France's CAC pushing India out of second place. Asian stocks rally following yesterday's run in the Western Hemisphere.  Today we profile Brazil and some of its big winners YTD.

  • BoE Holds Interest Rates Despite Inflation Fears Thursday, 7 Aug 2008 | 8:15 AM ET

    The Bank of England held interest rates steady at 5 percent Thursday, as widely expected, as opposing concerns of rising inflation and slowing economic growth left policy makers without clear direction.

  • Japan June Machinery Orders Falls Less Than Expected Thursday, 7 Aug 2008 | 3:23 AM ET
    Japanese Flag

    Japan's core machinery orders fell much less than expected in June, suggesting that capital spending has not been hurt too badly so far by high raw material costs and a global slowdown that are pushing Japan towards a recession.

  • Australia Full-Time Jobs Jump, Unemployment Steady Wednesday, 6 Aug 2008 | 11:37 PM ET
    Austrailia, Austrailian Flag

    Australian employment rose by more than expected in July, driven by a surprise surge in full-time positions which, while not barring an early easing in interest rates, tempered speculation about a series of aggressive cuts.

  • Banks, Miners Lift European Stocks Higher Wednesday, 6 Aug 2008 | 12:51 PM ET

    European stocks rose on Wednesday, with banks gaining ground after BNP Paribas delivered better-than-expected earnings and commodities rallying after Xstrata launched a $10 billion bid for Lonmin.

  • Poll: What's More Important for the Euro-Zone Economy? Wednesday, 6 Aug 2008 | 12:37 PM ET

    The European Central Bank is widely expected to keep interest rate on hold Thursday, but is monetary policy really the most important thing for the future of the Euro-Zone economy?

  • Dollar Extends Gains vs Yen as Oil Drops Further Wednesday, 6 Aug 2008 | 11:53 AM ET

    The dollar extended gains and rose 1 percent versus the Japanese yen on Wednesday as crude prices declined further and U.S. stocks eased some of their losses.

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