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  • ECB Warns Price Pressures Are 'Alarmingly High' Friday, 28 Mar 2008 | 10:46 AM ET

    Euro zone price pressures are "alarmingly high," threatening medium-term price stability, and first quarter growth in the bloc could exceed expectations, European Central Bank officials said on Friday.

  • Consumer Spending Weak, But Inflation Stays Tame Friday, 28 Mar 2008 | 9:50 AM ET

    Consumer spending hit a 17-month low in February, hit by the credit crisis, job cuts and soaring energy costs. But a key inflation gauge remained tame.

  • Paulson Says Stimulus Plan to Create 600,000 Jobs Friday, 28 Mar 2008 | 8:17 AM ET
    Treasury Secretary, Henry Paulson

    U.S. Treasury Secretary Henry Paulson said on Friday that an economic stimulus program that will put $168 billion into consumers' hands this year and next could help create hundreds of thousands of new jobs.

  • Asian Markets Rebound, Chinese Stocks Rally Friday, 28 Mar 2008 | 6:28 AM ET

    Asian markets closed firmly higher Friday, despite a weak start to trading, with Chinese stocks jumping nearly 5 percent. Gains were all the more impressive given Wall Street's fall.

  • Japan Inflation Hits Decade High, BOJ Seen Unmoved Thursday, 27 Mar 2008 | 9:50 PM ET

    Japanese annual inflation hit a decade-high 1.0 percent in February, but the credit crisis and a stalling Japanese economy mean the Bank of Japan is still seen as more likely to cut interest rates this year than raise them.

  • South Korean Pension Fund to Shun US Treasurys Thursday, 27 Mar 2008 | 7:05 PM ET

    South Korea's National Pension Service, the world's fifth-biggest pension fund, said on Thursday it was shying away from U.S. Treasurys because of falling yields and the weakening dollar.

  • Recent volatility for grains and oilseeds have increased significantly. And that's drawn increased market scrutiny along with it, sparking an initiative for wider trading limits from the CME. The CFTC gave its stamp of approval, making the changes effective today after the close.

  • Oil Surpasses $107 on Iraq Pipeline Explosion Thursday, 27 Mar 2008 | 2:02 PM ET

    Oil rose above $107 a barrel on Thursday after saboteurs blew up a major pipeline in Iraq, sharply reducing exports from the south of the country.

  • Economy May Be Slipping Into Recession: Fed Officials Thursday, 27 Mar 2008 | 1:59 PM ET
    Gary Stern

    The U.S. economy seems to be slipping into recession and the Federal Reserve must cushion the pain and make it as brief as possible, two Fed policymakers said.

  • Dollar Gains vs Euro on US Economic Data Thursday, 27 Mar 2008 | 12:07 PM ET
    Dollar and Euro

    The dollar rallied Thursday after suffering steep losses in the last two sessions, rising on data showing the U.S. economy grew in the fourth quarter in line with market expectations.

  • European Central Banks Act to Boost Liquidity Thursday, 27 Mar 2008 | 11:28 AM ET

    The central banks of Britain and Switzerland added extra funds to ease pressure on high interbank lending rates on Thursday, while the European Central Bank said it was ready to step in with extra cash.

  • Economy Could Weaken Further in Current Quarter Thursday, 27 Mar 2008 | 10:22 AM ET

    The economy nearly sputtered out in the final quarter of last year and is probably faring even worse now amid the continuing housing, credit and financial crises.

  • Sarkozy, Brown Call For Market Transparency Thursday, 27 Mar 2008 | 10:13 AM ET

    French President Nicolas Sarkozy and British Prime Minister Gordon Brown called on Thursday for banks to declare the full extent of the damage to their operations caused by the credit crunch.

  • Let's Talk about Inflation Thursday, 27 Mar 2008 | 7:58 AM ET

    I mean, about inflation for you and me and Bobby McGee. Not inflation as bankers see it, as economists see it, as central bankers see it. Not about CPIs and PPIs and HICPs. Not about price-adjusted, calendar-adjusted and average-workday-weighted statistics, which economists so fondly call "real" inflation.

  • Asian Markets Slide, Japan and China Decline Thursday, 27 Mar 2008 | 6:09 AM ET
    Investors study shares prices during the morning trading at RHB private stock market gallery in Kuala Lumpur, Friday, Feb.3, 2006. Malaysia's key stock index rose Friday to a 15-week high as foreign funds plowed into key bluechips after a long holiday. The Composite Index of 100 blue chip stocks ended at 927.85 points, up 13.84 points or 1.5 percent from last Friday's close. (AP Photo) **MALAYSIA OUT**

    Asian markets ended mostly lower Thursday as financials slipped on worries over bank earnings, and after a drop in U.S. durable goods stoked concerns the world's top economy is already in a recession. Both Japan and China finished weaker.

  • Sarkozy Wants Brown's Help to Stop Dollar Fall Thursday, 27 Mar 2008 | 4:50 AM ET

    French President Nicolas Sarkozy will ask British Prime Minister Gordon Brown for help in getting Washington to prop up the ailing dollar, but Britain has usually shunned managing exchange rates.

  • BOJ Eyes Rate Hike, Plans to Stay Flexible Thursday, 27 Mar 2008 | 1:43 AM ET

    The Bank of Japan still has its sights set on higher interest rates in the future, although it will pursue a flexible policy looking at developments in Japan's economy and global markets, two members of the central bank's policy board said on Thursday.

  • Australia's Rudd Urges Openness on Financial Crisis Thursday, 27 Mar 2008 | 12:01 AM ET
    KEVIN RUDD

    Australian Prime Minister Kevin Rudd promised not to retreat into a new era of protectionism on Thursday in response to the global financial crisis, and urged other governments to hold their nerve.

  • Japan's Has $187 Billion Losses in FX Reserves Wednesday, 26 Mar 2008 | 11:27 PM ET
    Dollar and Yen

    Unrealized losses on Japan's $1 trillion foreign currency reserves amount to about 18.5 trillion yen when the dollar is around 100 yen, Finance Minister Fukushiro Nukaga said on Thursday.

  • Market Turmoil Is "Unsettling": RBA Chief Wednesday, 26 Mar 2008 | 9:08 PM ET

    Australia's top central banker on Thursday said turmoil in global financial markets had been "quite unsettling", but Australia's financial system was in good shape to deal with the fallout.

Contact World Economy

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