World Economy


  • Japan Wholesale Prices Hit New 27-Year High Wednesday, 9 Jul 2008 | 10:06 PM ET
    Japanese Flag

    Japanese wholesale prices rose slightly more than expected in June from a year earlier to hit a fresh 27-year high on surging oil and commodity prices, adding gloom to firms facing dwindling profit margins.

  • Singapore Suffers Worst Contraction in 5 Years Wednesday, 9 Jul 2008 | 9:27 PM ET

    Singapore's economy suffered its steepest decline in five years in the in the second quarter, down an annualized, seasonally adjusted rate of 6.6% -- much stronger than economists had expected.

  • Market Insider: Thursday Look Ahead Wednesday, 9 Jul 2008 | 8:18 PM ET

    Wall Street's bears roared back Wednesday, and stocks will have to face down tepid chain store sales and testimony from Fed Chairman Ben Bernanke in Thursday's session.

  • CNBC Top Five Videos: El-Erian, Cramer & More Wednesday, 9 Jul 2008 | 6:06 PM ET

    The Dow fell more than 2 percent Wednesday, followed by similar declines in the S&P and Nasdaq. Here are the day's top five videos.

  • Dollar Edges Lower as Geopolitical Tensions Mount Wednesday, 9 Jul 2008 | 5:53 PM ET

    The dollar fell Wednesday as news that Iran test-fired nine missiles halted oil's steep drop and unsettled Wall Street stocks, with investors concerned about the impact of soaring energy prices on the fragile economy.

  • Conservation Having Little Effect on Gasoline Prices Wednesday, 9 Jul 2008 | 2:04 PM ET

    Though they have finally begun using less gasoline, US consumers remain pretty much powerless to contain prices at the pump.

  • Banks, Miners Lead European Shares Higher Wednesday, 9 Jul 2008 | 1:02 PM ET

    European shares closed sharply higher on Wednesday with recently battered banks staging a comeback and miners rallying on the back of solid earnings from U.S. group Alcoa.

  • Will the BoE Keep Writing Letters? Wednesday, 9 Jul 2008 | 12:36 PM ET

    The Bank of England's Monetary Policy Committee will find itself in no easier position on Thursday, as it meets again to decide on UK interest rates. With rising inflation and falling growth, there seems no alternative but to wait, see and keep writing letters. 

  • El-Erian: Commodity Surge a Double-Edged Sword Wednesday, 9 Jul 2008 | 11:25 AM ET

    Rising commodity prices are threatening not only the United States but also economies from emerging nations across the globe, Pimco Co-CEO Mohamed El-Erian said on CNBC.

  • Pieces in Place to Reduce Oil Price: Schork Wednesday, 9 Jul 2008 | 9:37 AM ET

    Fundamental pieces are in place for the lowering of oil's price, but until the dollar appreciates and speculators stop betting up the commodity it will remain at high levels, Stephen Schork, editor of The Schork Report, said on CNBC.

  • Malaysian June Inflation May Exceed 6% Wednesday, 9 Jul 2008 | 12:42 AM ET

    Malaysian annual inflation in June probably exceeded 6.0 percent, the central bank chief said on Wednesday, breaching a mark not seen in 26 years and reinforcing expectations of an interest rate hike.

  • South Korea to Ease FX Borrowing in Fresh Flip-Flop Wednesday, 9 Jul 2008 | 12:29 AM ET

    South Korea plans to allow state firms to borrow more abroad, the latest in a series of policy flip-flops in recent months that analysts say could undermine  already weakening confidence among investors toward the country.

  • Australia Consumer Confidence Hits 16-Year Low Tuesday, 8 Jul 2008 | 10:54 PM ET

    A key measure of Australian consumer confidence fell to 16-year lows in July as record petrol prices and a sliding share market hurt family finances, in just the latest sign of spreading economic weakness.

  • Japan Machinery Orders Stronger than Expected Tuesday, 8 Jul 2008 | 10:03 PM ET
    Japanese Flag

    Japan's core machinery orders rose a faster-than-expected 10.4% in May, suggesting capital spending was holding up, but economists were cautious about the outlook as soaring costs hurt corporate bottom lines.

  • Market Insider: Wednesday Look Ahead Tuesday, 8 Jul 2008 | 8:02 PM ET

    The debate about whether stocks are finding a floor is gaining momentum, but traders agree it's the earnings season that will help decide the details.

  • CNBC Top Videos of the Day: Pickens, Dimon & More Tuesday, 8 Jul 2008 | 6:08 PM ET

    Oil prices fell again Tuesday, bringing it down more than $9 since Monday, while stocks rose. Following are the day's top five videos.

  • Paulson: Home Foreclosures Will Remain High Tuesday, 8 Jul 2008 | 3:42 PM ET

    U.S. Treasury Secretary Henry Paulson said on Tuesday that home foreclosure starts may hit 2.5 million this year, many of them the borrowers' own fault for taking out loans they couldn't afford.

  • Dollar Rebounds as Bernanke Soothes Markets Tuesday, 8 Jul 2008 | 2:53 PM ET

    The dollar rebounded broadly on Tuesday, lifted by comments from Federal Reserve Chairman Ben Bernanke, who said the central bank is willing to keep its emergency lending facility open beyond the end of the year for big Wall Street firms.

  • EIA: Gas Prices to Stay Above $4 For Rest of 2008 Tuesday, 8 Jul 2008 | 12:57 PM ET

    Gasoline prices will remain above $4 a gallon for the rest of the year, while oil prices will continued to be pressured by the tight market for crude, the U.S. Energy Information Administration said on Tuesday.

  • Euro Shares Sink on Fresh Bank Worries Tuesday, 8 Jul 2008 | 12:31 PM ET

    Fresh concern about banks' financing hit European shares on Tuesday, although a drop in the oil price and an investor sweep into safe-havens like drugmakers and telecoms helped stem the slide in the broader market.

Contact World Economy


    Get the best of CNBC in your inbox

    › Learn More