World Economy


  • Dollar Eases On Weakness in US Economy Thursday, 31 Jul 2008 | 1:13 PM ET

    The dollar fell Thursday as news of a surprise jump in U.S. weekly jobless claims and below-forecast economic growth in the second quarter reduced prospects for Federal Reserve interest rate hikes this year.

  • Paulson Says Housing Remains Biggest Threat Thursday, 31 Jul 2008 | 1:06 PM ET

    U.S. Treasury Secretary Henry Paulson said that while tax rebates will help support the U.S. economy in the second half of the year, it faces hardships from housing woes, credit market turmoil and high energy costs.

  • White House's Lazear: No Need For Further Stimulus Thursday, 31 Jul 2008 | 11:25 AM ET

    A pickup in U.S. growth during the second quarter showed that the economy was resilient and that an emergency stimulus package was working, a senior White House adviser said on Thursday.

  • Oil Majors Make Big Profits, But Not at the Pumps Thursday, 31 Jul 2008 | 9:58 AM ET

    Furious motorists faced with high pump prices have accused oil majors of profiteering, but as the firms announced bumper profits this week, they said they were making little gasoline sales.

  • Stimulus Checks Helped Keep Economy Growing Thursday, 31 Jul 2008 | 9:35 AM ET
    Street crowd

    An emergency dose of government stimulus helped the U.S. economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to recession.

  • Euro Zone July Inflation Hits Record of 4.1% Thursday, 31 Jul 2008 | 5:11 AM ET

    Euro zone inflation jumped to another record high of 4.1 percent year-on-year in July as forecast, data showed on Thursday, but a bleak economic outlook may discourage interest rate increases this year.

  • Singapore Jobless Rate at One-Year High, Seen Rising Thursday, 31 Jul 2008 | 1:41 AM ET

    Singapore's jobless rate rose to a one-year high as firms slowed hiring amid choppy financial markets and a weakening global economy, and analysts warned that unemployment may climb in coming months.

  • Australians Slash Spending, Fuel Rate-Cut Fever Wednesday, 30 Jul 2008 | 11:47 PM ET
    Austrailia, Austrailian Flag

    Australian retail sales took their biggest fall in six years in June, stirring fears the economy was slowing far more rapidly than policy-makers had planned and fanning talk of early cuts in interest rates.

  • Market Insider: Thursday Look Ahead Wednesday, 30 Jul 2008 | 9:07 PM ET

    Oil inventory data could be as much a factor for stocks as energy markets Wednesday, if the seesaw trade between the two markets continues.

  • Japan Manufacturers' PMI Rebounds From 6-Year Low Wednesday, 30 Jul 2008 | 7:56 PM ET
    Japanese Flag

    Manufacturing activity in Japan rebounded slightly in July from a six-year low the previous month, but a slowing economy and rising energy costs continued to hamper operating conditions, a survey showed on Thursday.

  • GDP Likely to Show Gain, Mostly Due to Stimulus Wednesday, 30 Jul 2008 | 5:47 PM ET
    Tax Refund Check

    The US economy probably grew modestly in the second quarter, but analysts believe Thursday's GDP report will mainly reflect the help from stimulus checks.

  • ArcelorMittal, Siemens Lead Euro Stocks Higher Wednesday, 30 Jul 2008 | 1:00 PM ET

    European shares ended sharply higher on Wednesday, lifted by upbeat results from industrial bellwethers Siemens and ArcelorMittal, while financials rose after major central banks expanded liquidity-boosting measures.

  • ECB, SNB Join Fed in Coordinated Liquidity Move Wednesday, 30 Jul 2008 | 11:53 AM ET

    The European Central Bank and the Swiss National Bank will offer banks long-term loans in dollars in an extension of coordinated efforts with the U.S. Federal Reserve to ease money market tensions.

  • Upbeat US Private Sector Jobs Data Lifts Dollar Wednesday, 30 Jul 2008 | 10:05 AM ET

    The dollar rose broadly Wednesday as a report showing that U.S. private sector unexpectedly added jobs in July raised prospects of an improvement in non-farm payrolls data Friday.

  • Fed Extends Emergency Borrowing for Wall Street Wednesday, 30 Jul 2008 | 8:55 AM ET

    The Federal Reserve said it is extending its emergency borrowing program to Wall Street firms and is taking other steps to ease a severe credit crunch that has hobbled the national economy.

  • Why China's Love Of Buicks Is Good News For Americans Wednesday, 30 Jul 2008 | 8:43 AM ET
    CNBC Original Productions: Saving General Motors

    With GM on the verge of soon exporting Buick Enclaves to China, I'm reminded of the people who e-mail me on a regular basis about "China sucking the life out of the American automakers." That's a paraphrase, but you get the point.

  • Private Sector Added 9,000 Jobs During July, ADP Says Wednesday, 30 Jul 2008 | 8:25 AM ET

    U.S. private employers added 9,000 jobs in July, according to ADP Employer Services, surprising analysts who were expecting a fall.

  • Japan June Production Fall Adds to Recession Fears Tuesday, 29 Jul 2008 | 10:47 PM ET
    Japanese Flag

    Japanese industrial output fell a little more than expected in June and marked its second straight quarter of decline, adding to concern that the economy may be slipping into recession as high energy costs curtail corporate activity.

  • Market Insider: Wednesday Look Ahead Tuesday, 29 Jul 2008 | 10:14 PM ET

    Oil inventory data could be as much a factor for stocks as energy markets Wednesday, if the seesaw trade between the two markets continues.

  • Dollar Jumps as Oil Drops, Consumer Mood Brightens Tuesday, 29 Jul 2008 | 2:45 PM ET
    Dollar and Euro

    The dollar surged to a one-month high on Tuesday as a sharp drop in crude oil prices and an unexpected rise in U.S. consumer confidence in July buoyed demand for riskier assets and sparked a rally on Wall Street.

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