The financial health of bloated industries in China has prompted many banks to cut back on lending in some sectors.» Read More
The Bank of England held interest rates at 5.25% Thursday, as widely expected. Ian Morley, CEO of Dawnay, Day Brokers Limited and Lena Komileva from Tullett Prebon discuss the impact of the decision.
Asian markets rallied Thursday, with Japan and South Korea both finishing over 1 percent higher after more positive economic data out of the U.S. eased investor concerns over a global recession.
The European Central Bank and the Bank of England are likely to keep interest rates unchanged at their meetings on Thursday but monetary policy easing is on the cards for later, analysts and dealers expect.
A stronger yuan can help temper price pressures but plays second fiddle to monetary policy in China's struggle against inflation, the country's central bank chief said on Thursday.
Australia's trade deficit ballooned 41 percent in January as strong domestic demand sucked in imports while bad weather and supply bottlenecks crimped export growth.
The global credit crisis creates big downside risks to an already softening economy that require bold action from the U.S. central bank, Cleveland Federal Reserve President Sandra Pianalto said on Wednesday.
Stocks clawed their way back to close higher Wednesday after a rollercoaster day of trading loaded with news.
Oil surged Wednesday, rising a remarkable $5 a barrel to a new record over $104 after the government reported a surprise drop in crude oil stockpiles and OPEC held production levels steady.
Stocks pulled back in afternoon trading Wednesday, led by financials, as news on Ambac trickled out.
The full text of the Beige Book released by the Federal Reserve on March 5, 2008 and based on information collected on or before February 25, 2008.
Stocks shot higher Wednesday after a better-than-expected reading on the services sector.
Here’s what happened in last night’s primaries: Hillary Clinton showed impressive resilience vs. Barack Obama. She did it with grit and perhaps even a little humor, including appearances on Saturday Night Live and Jon Stewart’s Daily Show. But here's what didn't happen...
The dollar hit a fresh record low against the euro and a basket of currencies Wednesday, on renewed concerns about the health of the U.S. economy.
Here's something that should make you realize what crazy times we are living in: 9-year auto loans are popping up around the country. That's right, it wasn't a typo. Nine years! 108 months! Almost a third of the time used to pay off a conventional mortgage!
This is a timeline of the European Central Bank's rate decisions from 2007 to date.
The foreign exchange maneuver known as the carry trade looks set to continue unwinding, with bearish investors scared of risks. But buying opportunities might emerge from the trend, analysts told CNBC on Wednesday.
The services sector contracted in February, though not as badly as economists had expected, while factory orders fell in line with forecasts.
U.S. private employers cut 23,000 jobs in February, a report by a private employment service said on Wednesday.
Asian stocks had a shaky performance Wednesday with markets drifting back and forth for most of the session, but ending mainly lower as credit worries and fears over the health of the U.S. economy lingered.
Euro zone services growth staged a partial comeback in February, in line with an earlier estimate, though a sharp divide in growth rates within the bloc poses a problem for the European Central Bank.
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