Even before tougher sanctions against Russia hit the books, the country faces potential hits as investors turn their backs on its financial assets.» Read More
All this week, CNBC Asia's Squawk Box goes on the road in Indonesia. We'll be looking at issues including trade and investment, energy, and tourism. And we'll also be talking to the country's movers and shakers, asking them their take on where Indonesia is going and how it will get there.
New Zealand's retail sales fell at their steepest pace in more than four years in May, while the housing market and services sector weakened further, putting pressure on the central bank to cut interest rates soon.
Malaysian police vowed to crack down on an opposition-led rally on Monday, seeking to subdue growing dissent, as opposition figure Anwar Ibrahim prepared to meet police over sodomy accusations against him.
Analysts say hurdles for the stock market in the coming week include continued uncertainty about financial sector—specifically mortgage giants Fannie Mae and Freddie Mac—as well as the unrelenting pressure of rising oil prices.
Fannie Mae and Freddie Mac worries ruled the day, while oil prices reached a new record high. Following are the day's top videos.
For the week ending Friday, July 11, 2008, the U.S. markets finished in bear market territory with the Dow dipping below 11,000 during intraday for the first time in 2 years.
Short sellers are rightly targeting Freddie Mac and Fannie Mae, said Manny Weintraub of Integre Advisors.
The dollar slumped Friday, battered by heightened worries about the U.S. financial sector after a report said the U.S. government is considering taking over mortgage agencies Fannie Mae and Freddie Mac if their situation worsens.
European shares fell on Friday as financial stocks were hit by yet another negative development in the sector, more than offsetting modest gains for heavyweight energy shares on the back of higher oil prices.
U.S. consumer confidence rose unexpectedly in early July with the help of retail discounts, but the increase was marginal and barely enough to pull it off June's 28-year low, according to a survey released Friday.
The U.S. trade deficit shrank unexpectedly in May, as both exports and imports hit record highs and the average price for imported oil shot to an all-time high of $106.28 per barrel, a Commerce Department report showed on Friday.
GE shareholders would probably like to forget last quarter and the stock's 28% decline. But what about the future? Can spin-offs and recently-announced acquisitions reignite growth at GE?
Fed Chairman Ben Bernanke said financial market turbulence persists and that government officials are focused on helping the financial system regain stability.
The U.S. dollar fell against a basket of currencies on Thursday, weighed down by renewed credit worries after shares in major mortgage finance sources Fannie Mae and Freddie Mac tumbled on capital concerns.
Austrian brickmaker Wienerberger warned on Thursday that earnings would fall this year as residential construction in Britain "collapsed" and U.S. building fell sharper than expected, sending its shares down as much as 23 percent.
European shares fell more than 2 percent on Thursday as global growth concerns hit oil shares and banks slipped in sympathy with U.S. peers that took a battering on worries over the strength of their balance sheets.
I've said it for some time, and will continue to say it to anyone who asks. The flexibility Asian automakers have to build different vehicles in different plants is the reason they'll ride out this tough time better than the Big 3.
The United States is heading for recession despite modest growth in the first half of the year, but strength in Germany is keeping European growth prospects a bit brighter, Fitch Ratings said on Thursday.
The number of U.S. workers filing new claims for jobless benefits dropped by a much bigger-than-expected 58,000 last week to 346,000.
The Bank of England kept its main interest rate steady at 5 percent on Thursday, as widely expected, despite rising inflation.
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