With companies in Asia slowing their capital investment, the region may face a deceleration in economic growth ahead, HSBC said.» Read More
Even if Congress agrees to lift the moratorium on offshore drilling (a long-shot, for sure), getting that oil into the market will take years. Addison Armstrong, Tradition Energy's director of energy research, estimates it will take 10 years -- at a minimum -- to get 1 million barrels/day of oil moving from fields in the Arctic National Wildlife Refuge.
Oil rose as a strike threat by oil workers in OPEC nation Nigeria stoked supply concerns ahead of a meeting of top producers and consumers aimed at tackling soaring energy prices.
European stocks fell on Wednesday, as slipping crude knocked oil shares and financials took a fresh battering after U.S. banks Morgan Stanley and Fifth Third revealed credit-related struggles.
China remains the most popular destination for foreign industrial investment in the world, attracting almost $83 billion last year. But a growing number of multinational corporations are pursuing a strategy that companies and analysts call “China plus one,” establishing or expanding Asian bases outside China, particularly in Vietnam.
Oil companies are fixing the price of oil and should suffer penalties, according to developer Donald Trump.
The Royal Bank of Scotland issued a stark warning to investors Wednesday, stating global stock and credit markets could be on the verge of a fully-fledged crash as central banks have their hands tied by soaring inflation, the Telegraph reported.
The rising Mississippi River could flow over the top of as many as 33 levees and damage homes and hundreds of thousands of acres of farmland if sandbagging efforts fail, according to a map released on Tuesday by the U.S. Army Corps of Engineers.
Sloppy and choppy was the market trend Tuesday, and there's signs it could continue into Wednesday with no economic data on the horizon to drive stocks.
European stocks rose on Tuesday, led by Daimler after news that the German carmaker will resume share buybacks and on strength in miners such as Rio Tinto amid takeover speculation.
The cost of everything from corn chips to beef steaks was going higher even before the disastrous floods hit millions of corn and soybean acres in the U.S. Midwest, and now food price increases may be even greater, industry sources said.
Oil prices slipped from record highs on plans by top exporter Saudi Arabia to increase crude output to help curb soaring fuel costs.
High fuel prices and a lackluster economy aren't making life easy for FedEx, but that doesn't mean the shipping giant can't make money.
The dollar fell against the euro after U.S. housing starts plunged to their lowest level in more than 17 years in May, reducing the chance of an early Federal Reserve interest rate increase.
Over the last two weeks I've been inundated with e-mails from readers venting about the latest round of cutbacks Detroit's automakers have announced. What's surprised me the most has been the wide range of reasons why you think the Big 3 are in big trouble.
MF Global energy analyst Ed Meir says today's action may confirm whether yesterday was really the intraday reversal that will take prices lower from here. We're expecting more volatility today with the expiration of July crude options.
U.S. housing starts slid 3.3 percent in May to their lowest level in more than 17 years, while permits for future construction also fell, signaling more weakness ahead for the battered U.S. housing sector.
US producer prices rose by a larger-than-expected 1.4% in May after another jump in energy prices, but core inflation at the producer level moderated as forecast.
Companies and their employees are searching for new ways to deal with soaring gasoline prices that have risen to heights unimaginable only a few months ago.
Britain's inflation rate rose in May to its highest since the Labour government came to power in 1997 but the Bank of England played down the risk of early interest rate rises by saying the path for rates was still "uncertain."
German investor sentiment about the outlook for Europe's largest economy fell by much more than expected in June, a closely watched survey showed on Tuesday.
Get the best of CNBC in your inbox