World Economy


  • Squawk on the Road: Indonesia Monday, 14 Jul 2008 | 1:10 AM ET

    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.

  • NZ Retail Sales Tumble as Economy Cools Further Sunday, 13 Jul 2008 | 11:58 PM ET

    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.

  • Malaysia Warns Against Rally, Anwar to Meet Police Sunday, 13 Jul 2008 | 11:38 PM ET
    Visiting Kazakhstan President Nursultan Nazarbayev, right, and Malaysian Prime Minister Abdullah Ahmad Badawi pose outside the latter's office in Putrajaya, outside Kuala Lumpur, Malaysia, Monday, June 26, 2006. Nazarbayev arrived in Malaysia Sunday for a three-day visit. (AP Photo/Bazuki Muhammad, Pool)

    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.

  • Market Insider: The Week Ahead Friday, 11 Jul 2008 | 7:43 PM ET

    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.

  • Friday's Top Videos: Fannie, Freddie & More Friday, 11 Jul 2008 | 5:55 PM ET

    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.

  • Video: Short-Selling Fannie & Freddie Mae Friday, 11 Jul 2008 | 2:23 PM ET

    Short sellers are rightly targeting Freddie Mac and Fannie Mae, said Manny Weintraub of Integre Advisors.

  • Dollar Bruised by Fannie, Freddie, Oil Surge Friday, 11 Jul 2008 | 1:05 PM ET

    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.

  • Euro Shares Slump on Fresh Financial Woes Friday, 11 Jul 2008 | 12:09 PM ET

    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.

  • Consumer Sentiment Up More than Expected  in July Friday, 11 Jul 2008 | 10:04 AM ET

    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.

  • Trade Gap Narrows Unexpectedly in May Friday, 11 Jul 2008 | 8:52 AM ET

    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 Earnings Preview: Getting Back in the Groove? Friday, 11 Jul 2008 | 2:35 AM ET

    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?

  • Bernanke, Paulson Push for New Bank Laws Thursday, 10 Jul 2008 | 12:13 PM ET

    Fed Chairman Ben Bernanke said financial market turbulence persists and that government officials are focused on helping the financial system regain stability.

  • Dollar Weakens as Credit Worries Linger Thursday, 10 Jul 2008 | 12:11 PM ET

    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.

  • Brickmaker Wienerberger Shares Fall on Profit Warning Thursday, 10 Jul 2008 | 11:57 AM ET

    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.

  • Europe Stocks Drop on Banks, Oil Shares Thursday, 10 Jul 2008 | 11:56 AM ET

    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.

  • US Heads for Recession, but Europe Fares Better: Fitch Thursday, 10 Jul 2008 | 10:24 AM ET

    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.

  • Initial Jobless Claims Show Surprising Drop Thursday, 10 Jul 2008 | 10:04 AM ET

    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.

  • Bank of England Keeps Rates on Hold Thursday, 10 Jul 2008 | 7:48 AM ET

    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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