U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said.» Read More
Was he pushed? Was he tired? Was he running out of ideas? Was he the wrong man to steer the ship through an economic slowdown? Some analysts say more cost cutting needs to be done, and the BT CEO has not been aggressive enough.
The Bank of Japan left its interest rate target unchanged at 0.5 percent on Wednesday, as expected, in a unanimous vote.
Former Federal Chairman Alan Greenspan told CNBC he had little to do with the housing bubble or credit crisis despite criticism the Fed kept interest rates too low under his watch.
Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing bubble, and instead blamed professional investors.
The U.S. dollar edged lower versus the euro on Tuesday as minutes of the last Federal Reserve meeting showed policy makers felt that a prolonged and severe economic downturn can't be ruled out.
U.S. crude oil futures fell on Tuesday, with analysts citing profit-taking, a stronger dollar and a government forecast for lower world oil demand and domestic gasoline demand.
Worries about a deep recession--not a shallow one--drove Fed policymakers to slash interest rates again last month, according to minutes of their meeting.
The following is the text of the minutes from the Federal Open Market Committee's meeting of March 18, issued on Tuesday:
A gauge of small business optimism in the United States sunk in March to a 22-year low, as small business owners clamped down on plans to create new jobs and expand business operations, a survey released Tuesday showed.
Most Asian markets sagged Tuesday, led by financials as news of a possible capital injection at Washington Mutual failed to eliminate concerns about more bank writedowns.
Governments must act together to protect the global economy and prevent another credit crisis from infecting markets, top financial officials said on Monday, ahead of key talks between economic powers this week.
A measure of Chinese businesses' confidence regarding economic conditions edged up in the first quarter, reflecting guarded optimism about the world's fourth largest economy despite inflation and policy tightening concerns.
Oil futures climbed as traders bet the Federal Reserve will continue cutting interest rates. Comments from OPEC suggesting the cartel plans no production increases also boosted oil prices.
My pal Jerry Bowyer e-mailed me this morning with the following thought on Clinton bigwig Mark Penn: Free trade among Democrats is so completely dead in the water that any Democratic advisor favoring free trade is subject to the death penalty
Global coal supply will fall short by up to 35 million tons in 2008 and the deficit is set to grow going forward, ensuring that prices remain strong, the CEO of coal miner Arch Coal said on Monday.
The U.S. dollar held steady against the euro Monday in European trading at the start of a week that will see the latest interest rate decision from the European Central Bank.
We have a guest blogger today. Tom Kloza is Chief Oil Analyst at OPIS (Oil Price Information Service) and has his own blog. Tom has been writing about downstream oil markets since 1975 and was among the founders of OPIS over 25 years ago. We appreciate his posting today.
Martin Feldstein, who heads the group that is considered the arbiter of U.S. recessions, told CNBC that he believes the U.S. has been sliding into a recession.
So I come back from vacation, and while I feel refreshed, I find most of the folks I deal with in the auto industry are tired, sluggish, and looking for a break. I can't blame them. This is a rough time in the car biz, and I don't think it will get better.
Asian markets rose Monday, with resource companies benefiting from stronger metals and oil prices, while the dollar rose, shrugging off worse-than-expected U.S. job losses. But concerns about the impact of the credit crisis on the financial system lingered, driving banking shares lower. Japan closed over 1 percent higher.
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