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  • Dollar Heads for Steepest Weekly Fall in 2 Months Friday, 23 May 2008 | 12:21 PM ET
    Exchanging Dollars and Euros

    The dollar fell on Friday and was set for its steepest weekly slide against a basket of major currencies in two months, as record high oil prices left the U.S. economy vulnerable to slower growth and rising inflation.

  • Poll: Is Europe Facing an Energy Crisis? Friday, 23 May 2008 | 9:28 AM ET

    Oil rallied again on Friday following a retreat after it reached a new record high of $135 a barrel, on the back of a weaker dollar and worries about production in countries other than the OPEC members.

  • Euro Zone Economy Heads for Sharp Slowdown Friday, 23 May 2008 | 7:56 AM ET

    Euro zone economic growth looks set for a sharp slowdown in the second quarter after a strong performance at the start of the year, data showed on Friday, but rocketing inflation will keep interest rates on hold.

  • Singapore's Economy Grows at Fastest Since 2005 Thursday, 22 May 2008 | 9:07 PM ET

    Singapore's economy grew in the first quarter at its fastest pace since 2005, but slightly below market expectations, and the government raised its 2008 inflation forecast and warned of increased U.S. recessionary risks.

  • Asian Markets Are Mixed, Australia Sheds 1% Thursday, 22 May 2008 | 8:23 PM ET

    Asian markets were mixed Friday following a pullback in oil prices. A stronger U.S. dollar lifted some exporters in the region. Japan managed to close slightly higher but Australia shed 1 percent, weighed down by declining resource stocks.

  • Paulson on Oil: Don't Blame Speculators Thursday, 22 May 2008 | 5:55 PM ET

    U.S. Treasury Secretary Henry Paulson told CNBC Thursday that rising oil prices are not driven by market speculation but instead reflect tight supplies and growing global demand.

  • Wall Street appears resigned to the idea that the Federal Reserve is done cutting interest rates, but a patchy economy could force policy-makers to keep their scissors handy.

  • Dollar Rises, Boosted by Oil's Pullback, Jobs Data Thursday, 22 May 2008 | 4:10 PM ET

    The dollar rose Thursday, boosted by better-then-expected jobless claims data, but support remained fragile as record high oil prices stoked worries about the health of the U.S. economy.

  • Oil Prices Settle Near $131 after Intraday Record Thursday, 22 May 2008 | 3:41 PM ET
    Oil Refinery

    Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering U.S. dollar dampened commodities markets.

  • High Food Prices Likely to Continue For a Decade Thursday, 22 May 2008 | 11:56 AM ET
    Vegetables

    High food prices will continue for at least a decade even if they drop from the levels that sparked street protests or riots in Africa, Asia and the Caribbean in recent months, government-backed international agencies say.

  • Pimco's Gross: Inflation Threat Is Being Underplayed Thursday, 22 May 2008 | 11:33 AM ET
    Bill Gross

    Americans are fooling themselves if they think U.S. inflation is under control, the manager of the world's largest bond fund said

  • Energy Analyst Kilduff: Prices At Full Blown Crisis Thursday, 22 May 2008 | 10:03 AM ET
    Gas station in San Francisco.

    Prices are clearly at a level that represents a full-blown energy crisis, and the stock market sell-off, yesterday, evidenced the sentiment that the economic outlook and energy demand are likely to deteriorate at a rapid pace.

  • Fed's Kroszner: Mortgage Market to Recover Slowly Thursday, 22 May 2008 | 10:03 AM ET
    Randall S. Kroszner

    The US mortgage market will recover slowly from a wave of bad loans that threw financial markets into crisis and the lending system will need repairs, Federal Reserve Governor Randall Kroszner said Thursday.

  • Warren Buffett – What the Tide Revealed Thursday, 22 May 2008 | 10:01 AM ET
    Warren Buffett

    Day 4 of the Warren Buffett European offensive, and expectations of an imminent bid have been managed down. Mr Buffett says he is not stalking targets, he wants companies that meet his criteria to call him. He even gave out his phone number on a number of occasions during the Lausanne press conference.

  • Jobless Claims Fall, But Employment Outlook Still Dim Thursday, 22 May 2008 | 8:37 AM ET

    The number of U.S. workers filing initial claims for jobless benefits unexpectedly fell by 9,000 last week to its lowest level in a month, the government said Thursday, but remained at elevated levels to underscore a sluggish jobs market.

  • Asian Markets End Mixed, Japan Closes Higher Thursday, 22 May 2008 | 4:48 AM ET

    Asian markets pared back earlier losses Thursday to give a mix performance, though prospects of higher inflation and a weak U.S. economy kept investors cautious. Japan and Australia both managed to close in positive territory.

  • Japan Exports Boosted by China, Emerging Markets Wednesday, 21 May 2008 | 10:43 PM ET
    Japanese Flag

    Japan's exports rose more than expected in April from a year earlier, as a surge in shipments to China and other developing countries cushioned the blow of U.S. economic weakness.

  • Abby Joseph Cohen Sees Interest Rates Rising Wednesday, 21 May 2008 | 5:13 PM ET

    Goldman Sachs Senior Investment Strategist Abby Joseph Cohen told CNBC Wednesday that she sees U.S. interest rates climbing, though not necessarily in the short term.

  • Oil Surges Over $134 on Supply Woes, Weak Dollar Wednesday, 21 May 2008 | 3:02 PM ET

    Oil prices surged $5 to a record over $134 a barrel in Asian trading Thursday after a U.S. government report showed a surprise drop in crude stockpiles, reinvigorating fears of a supply crunch.

  • Dollar Drops vs. Euro, Yen as Growth Outlook Cut Wednesday, 21 May 2008 | 2:50 PM ET

    The dollar fell to a one-month low against the euro Wednesday and touched a one-week trough versus the yen after the Federal Reserve lowered its growth estimates for 2008.

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