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World Economy


  • The Politics Behind Iraq's Kurdish Oil Monday, 7 Jul 2008 | 11:15 AM ET

    There some American investment for oil drilling going into the Kurdish region of Iraq ... and it has the potential to start a fight.

  • Why Investors Shouldn't Shy Away From Private Equity Monday, 7 Jul 2008 | 10:54 AM ET

    The “Golden Era” of private equity was an “aberration” and contributed to halting private equity investments in 2008, said Steve Rattner, managing principal of Quadrangle Group.

  • Even the Wealthy Are Being Prudent Monday, 7 Jul 2008 | 5:24 AM ET

    The music doesn't sound so sweet over at high-end audio-visual equipment maker Bang & Olufsen. The Danish company announced a downgrade on profit expectations for the year this morning.

  • S. Korea Warns of Currency Intervention Monday, 7 Jul 2008 | 3:19 AM ET

    South Korean authorities warned markets on Monday they would defend the won aggressively to rein in inflation, boosting the currency and reinforcing expectations the central bank will keep interest rates steady this week.

  • Japanese Flag

    Japanese corporate profits are falling while consumer prices are expected to keep rising due to high oil and food costs, Bank of Japan Governor Masaaki Shirakawa said, underlining the central bank's policy dilemma as it juggles the risks of slowing growth and rising global inflationarypressure.

  • Bush Backs Strong Dollar Policy Sunday, 6 Jul 2008 | 7:57 AM ET

    U.S. President George W. Bush said on Sunday the American economy was not growing as quickly as he would like and that his administration supported a strong U.S. dollar policy.

  • Euro Stocks Fall as Goldman Note Hits Banks Friday, 4 Jul 2008 | 11:58 AM ET

    European stocks ended 1.2 percent lower on Friday, reversing the previous session's tentative recovery as banks resumed their decline, hit by a negative note from Goldman Sachs on the sector.

  • Worse Car Sales Decline Expected in Western Europe Friday, 4 Jul 2008 | 11:21 AM ET

    J.D. Power Automotive Forecasting on Friday reduced its forecast for west European car sales in 2008 and 2009 and now expects falls of 4 percent and 1.3 percent respectively.

  • Euro Hits One-Week Low vs. Dollar on Trichet Friday, 4 Jul 2008 | 10:41 AM ET
    Dollars and Euro

    The euro hit a one-week lows versus the dollar on Friday, deflated after the European Central Bank signalled it wasn't planning another rate rise and as U.S. jobs data did not deliver a big downside surprise.

  • Malaysia Exports Jump on Crude, Palm Oil Demand Friday, 4 Jul 2008 | 2:01 AM ET

    Malaysian exports in May jumped 22 percent from a year earlier to a record high, far exceeding market expectations, thanks to high shipments of crude, palm oil and electronics.

  • Market Insider: The Week Ahead Thursday, 3 Jul 2008 | 5:22 PM ET

    Stocks are likely to remain hobbled by gushing oil prices in the week ahead, but it's also the start of the earnings season, and that will ultimately influence direction.

  • For the short Independence week ending Friday, July 3, 2008, the U.S. Markets ended the week in bear market territory with the Dow and the NASDAQ off more than 20% from their market peak set in October, 2007.

  • Hedge Fund Swindler Tells Judge He Tried Suicide Thursday, 3 Jul 2008 | 4:27 PM ET

    Hedge fund swindler Samuel Israel III faced a fresh charge of bail jumping Thursday and was ordered to jail immediately, one day after his mother convinced him end a high-profile run from justice.

  • Meet the Newest Face on The Board of Governors Thursday, 3 Jul 2008 | 4:07 PM ET
    Elizabeth Duke

    The Democratic-led Senate approved the newest member of the Federal Reserve’s System Board of Governors last Friday, making Elizabeth A. Duke the seventh woman to become a member of the board since the board was formed in 1913.

  • Dow Gains but Ends in Bear Territory Thursday, 3 Jul 2008 | 3:42 PM ET

    Stocks enjoyed an upbeat session after a not-horrible jobs report but both the Dow and Nasdaq ended the holiday-shortened week in bear-market territory.

  • Dollar Rallies On Jobs Stability, ECB Move Thursday, 3 Jul 2008 | 1:37 PM ET

    The dollar rallied on Thursday after U.S. payroll data suggested the job market was not as dire as many investors had feared while the European Central Bank president struck a less aggressive tone on prospects for rate hikes.

  • Banks Boost Euro Shares as ECB Hikes Thursday, 3 Jul 2008 | 12:54 PM ET

    European shares rose on Thursday in their most volatile day of trade in over three months after a flurry of mixed U.S. data and the European Central Bank's surprise shift in its stance towards monetary policy.

  • Service Sector Shrinks Unexpectedly in June Thursday, 3 Jul 2008 | 12:03 PM ET

    The U.S. service sector shrank unexpectedly in June, according to a report released Thursday, while inflation pressures soared to a record high for the survey's 11-year history.

  • Stocks Back Up in Wobbly Session Thursday, 3 Jul 2008 | 11:42 AM ET

    Stocks opened higher Thursday as the market breathed a collective sigh of relief that the June job loss wasn't worse than expected.

  • Stocks Slide After Service-Sector Report Thursday, 3 Jul 2008 | 10:32 AM ET

    Stocks opened higher Thursday as the market breathed a collective sigh of relief that the June job loss wasn't worse than expected.

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