World Economy


  • Consumer Spending Rises; Key Inflation Gauge Tame Friday, 27 Jun 2008 | 8:38 AM ET

    U.S. personal spending rose by a more-than-expected 0.8 percent in May as government stimulus checks bolstered household budgets, while a key gauge of inflation stayed tame.

  • Shorting Stocks Could Be Way to Play This Market Friday, 27 Jun 2008 | 7:14 AM ET
    Traders at SIG Specialists trading post on the floor of the New York Stock Exchange talk among themselves shortly after the opening bell Monday, April 18, 2005, in New York.  Stocks regained some stability Monday following a three-day selloff as strong first-quarter earnings and a pair of merger announcements lent some support to a market battered by worries about economic growth.  (AP Photo/Kathy Willens)

    With the Fed likely to keep interest rates on hold, investment pros expect the dollar to remain weak, oil prices to keep rising—and stocks to head even lower.

  • Let Big Brokers Fail; Buy Gold Not Oil: Marc Faber Friday, 27 Jun 2008 | 6:25 AM ET

    The Federal Reserve should let the big investment banks go bust if they made unwise investment decisions, and investors should take refuge into gold, said Marc Faber, editor and publisher of "The Gloom, Boom & Doom Report."

  • 'Prolonged Slowdown' Coming: BoNY Mellon President Friday, 27 Jun 2008 | 3:22 AM ET

    The global economy will struggle more than people now think, as the credit crunch spreads beyond housing and financials, Gerald Hassell, Bank of New York Mellon president, told "Squawk Box Europe" Friday.

  • South Korea's May Current Account Swings to Deficit Friday, 27 Jun 2008 | 12:00 AM ET
    Korea, Korean Flag

    South Korea on Friday posted a current account deficit for the third month this year in May, clouding prospects for its already weak currency and its battle to contain inflation.

  • Japan Inflation Hits 10-Year High, Consumption Slips Thursday, 26 Jun 2008 | 9:21 PM ET
    Japanese Flag

    Japan's annual consumer inflation accelerated to a decade-high in May on surging energy costs, and household spending dipped as the job market stagnated, darkening the outlook for the world's second-largest economy.

  • Banks Send Euro Shares to Lowest Close Since 2005 Thursday, 26 Jun 2008 | 12:58 PM ET

    European shares fell to their lowest close since October 2005 on Thursday, with banks the heaviest-weighted losers after a bearish note from Goldman Sachs reignited fears of further losses in the sector.

  • Dollar Tumbles after Fed Gives No Clue on Rates Thursday, 26 Jun 2008 | 12:10 PM ET
    Dollar and Euro

    The dollar fell broadly Thursday, nearing a three-week low against the euro, after the Federal Reserve held interest rates at 2 percent, dashing expectations of an imminent rate hike.

  • New Survey: You're Ticked Off About Lack Of Energy Policy Thursday, 26 Jun 2008 | 10:50 AM ET

    So who do you blame for high gas prices? According to the latest survey from Consumer Reports, the fault lies with the federal government for not having a national energy policy. This is not a Republican complaint or a Democrat complaint, it's a government complaint.

  • GDP Posts Gain, But Jobless Hits 3-Year High Thursday, 26 Jun 2008 | 9:21 AM ET

    The U.S. economy grew slightly faster than initial thought in the first quarter, while the job market remained sluggish last week, according to data released Thursday.

  • UK's Brown: High Oil Price Risk to Global Economy Thursday, 26 Jun 2008 | 5:24 AM ET

    1st paragraph of story should go here

  • Malaysia Shelves Large Projects, Spends More on Food Thursday, 26 Jun 2008 | 12:57 AM ET

    Malaysia shelved some large building projects on Thursday and pledged to spend $9 billion more to boost rice production and ease poverty, as the government sought to quell growing public anger over rising prices.

  • BOJ's Nakamura Warns of Risks to Global Economy Thursday, 26 Jun 2008 | 12:50 AM ET
    Japanese Flag

    Bank of Japan policy board member Seiji Nakamura said on Thursday the global economic outlook is highly uncertain due to world inflation worries and slowing economic growth, signaling there will be no policy change by the central bank in the near term.

  • Dow Ekes Out a Gain as Fed Pop Fizzles Wednesday, 25 Jun 2008 | 4:45 PM ET

    The Dow ended with a modest gain after a pop from the Federal Reserve's rate decision fizzled.

  • Fed's Next Move? The Answer's In The Action Wednesday, 25 Jun 2008 | 3:57 PM ET

    Before getting into the nuances of the statement, it’s important to not lose sight of the overall action: for the first time since the Fed began cutting rates in September — by 3.25 percentage points in total — the Fed stood pat today. That is probably a clearer indication of what the Fed will do next than anything the Fed said.

  • Gross: Fed Will Hold Steady for Rest of Year Wednesday, 25 Jun 2008 | 3:20 PM ET

    The Federal Reserve will hold its key interest rate at 2 percent for the remainder of the year as the economy winds through the various challenges it faces, according to bond manager Bill Gross.

  • Dollar Hits Two-Week Low Vs. Euro After Fed Decision Wednesday, 25 Jun 2008 | 3:11 PM ET

    The dollar fell to two-week lows versus the euro on Wednesday, as selling accelerated in the aftermath of the Federal Reserve's decision to hold key interest rates steady at 2.0 percent.

  • Stocks Pop, Then Chill After Fed Decision Wednesday, 25 Jun 2008 | 2:47 PM ET

    Stocks jumped as the Federal Reserve left interest rates unchanged.

  • Stocks Jump as Fed Holds Rates Steady Wednesday, 25 Jun 2008 | 2:21 PM ET

    Stocks jumped as the Federal Reserve left interest rates unchanged.

  • Fed Worried About Inflation But No Hint of Rate Hike Wednesday, 25 Jun 2008 | 2:11 PM ET
    Ben Bernanke

    The Federal Reserve held interest rates steady and said the risk of inflation has grown but stopped short of signaling that higher interest rates were coming soon.

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