Inconclusive data in the United States has given few clues as to when the Federal Reserve might bring its policy of easy money to an end, while markets are still waiting for the European Central Bank to come to the euro zone's rescue again with more than just another interest rate cut.» Read More
Consumers in Germany had their confidence dented by fears of inflation taking root in Europe's biggest economy and the rising euro, a survey released Friday found, casting more concern about Germany's economic rebound.
Japanese core consumer prices fell from a year earlier in September, as expected, marking the eighth straight month of decline and doing little to change expectations that the Bank of Japan's monetary policy will be on hold for now.
Charlie Rangel’s tax reform bill isn't likely to become law anytime soon. Yet its already an active part of the presidential campaign, as Republicans try to reclaim control of the tax issue in advance of the 2008 elections.
Oil roared to a new record over $90 Thursday as tight inventories and fresh signs OPEC will shrug off calls for additional oil from big consumer nations sent prices up more than 3 percent.
Sales of new single-family U.S. homes rose 4.8 percent in September but sales in August were revised down sharply, painted a mixed picture of the battered housing sector.
European stock indexes closed firmly higher after a broadly positive session Thursday, with only a dip mid-session after weak U.S. jobless claims and durable goods data.
Orders for big-ticket manufactured goods unexpectedly fell again in September, raising new worries about how much harm a severe housing slump and credit crunch are causing the overall economy.
British brewer Scottish & Newcastle has rejected a 6.8 billion-pound ($14 billion) bid proposal from Denmark's Carlsberg A/S and Dutch peer Heineken, it said on Thursday.
Some positive earnings news is putting a floor under stocks but economic news and credit worries could be the ceiling. Durable goods data this morning showed signs of weakness, but new home sales rose a 4.8% to 770,000, a positive pickup after a decline in August. Forecasts were for 775,000 units.
American billionaire investor Warren Buffett said Thursday he remains negative on prospects for the U.S. dollar and that problems in the U.S. subprime mortgage sector may continue to cause problems for some time.
Asian markets finished mixed Thursday with financial stocks taking a hit while strong Chinese economic data raised investors' concern over the prospects of further monetary tightening. The Shanghai Composite sank 4.8 percent, but South Korea closed over 2 percent higher.
German business sentiment deteriorated in October as expected, pointing to a slowdown in Europe's largest economy, a closely watched survey showed on Thursday.
China's annual gross domestic product growth eased to 11.5 percent in the third quarter, but the slowdown from a 12-year high of 11.9 percent in the second quarter was not enough to dispel expectations of fresh policy curbs to stave off overheating.
South Korea's economy grew less than expected in the third quarter as companies cut investment in facilities by the most in nearly seven years in the face of an increasingly uncertain global economy, data showed on Thursday.
New Zealand's central bank held interest rates steady at 8.25 percent on Thursday, as expected, but said rising food prices and increased government spending were adding to persistent inflation pressures.
Oil closed higher Wednesday, after a sharp fall in U.S. inventories stirred up fears of a supply shortfall ahead of winter.
In their interview this morning with my colleague Dylan Ratigan, President Bush's economic advisers emphasized all that was going right with the American economy: low inflation, a strong job market, continued growth and booming exports, whether those exports are driven by a weaker dollar or not.
The United Kingdom is one of five trillion-dollar economies in western Europe. Its economic strength has allowed it to remain independent of the European Union, and public opinion polls have shown steady, substantial opposition to abandoning the pound for the euro.
South Africa is a middle-income emerging market. Natural resources are abundant; the financial, legal, communications, energy and transportation sectors are well developed; and infrastructure is modern and efficient. The stock exchange is among the ten largest in the world.
Kenya is the regional hub for trade and finance in East Africa. Agricultural output was reduced by a severe drought in 1999 and 2000, and recovery has been limited by widespread governmental corruption and by low prices for several primary exports. The International Monetary Fund has repeatedly suspended loans to Kenya (in 1997, 2001, and 2006) because of corruption, but GDP grew more than 5% in 2006.