World Economy


  • South Korea Feb Exports Top Forecasts, Deficit Dips Sunday, 2 Mar 2008 | 10:06 PM ET

    South Korean February exports rose more than expected over a year before, while the trade deficit shrank sharply from January, alleviating worries a slowing global economy is denting demand for the country's products.

  • CNBC's Wealth in America Survey Sunday, 2 Mar 2008 | 11:35 AM ET

    Americans have turned dramatically negative on the economy, the stock market and housing over the past three months, a new CNBC Wealth in America Survey finds.

  • Japan's government may be forced by opposition lawmakers to change its candidate to head the central bank, with former Deputy Governor Yutaka Yamaguchi a possible alternative, local media reported on Sunday.

  • Americans Sour on Stocks, Housing and the Economy Sunday, 2 Mar 2008 | 8:57 AM ET

    Americans have turned dramatically negative on the economy, the stock market and housing over the past three months, a new CNBC Wealth in America Survey finds.

  • Dollar Spirals, Hits Another Low Against Euro Friday, 29 Feb 2008 | 1:48 PM ET

    The dollar spiraled lower as worries about the US economy depressed the currency and raised thorny issues in Europe about how to cope with the growing gap.

  • Paulson Slams Mortgage Relief Plans Friday, 29 Feb 2008 | 1:45 PM ET
    United States Treasury Secretary Henry Paulson

    Plans for sweeping federal programs that would aid troubled mortgage borrowers would bring unfair relief to speculators and reward investors who made bad bets, U.S. Treasury Secretary Henry Paulson said Thursday.

  • Subprime Crisis Takes Huge Toll on Economy: Study Friday, 29 Feb 2008 | 11:53 AM ET

    Subprime mortgage delinquencies and the credit crunch will trigger $400 billion in losses to the U.S. financial system and knock 1.3 percentage points from growth in 2008, according to a paper released Friday by four leading economists.

  • US Data Push European Stocks Lower Friday, 29 Feb 2008 | 11:48 AM ET

    European stocks ended lower across the board Friday after data showed manufacturing in the U.S. Midwest fell to the lowest level in over six years, worsening the outlook for the world's biggest economy.

  • Happy Friday: News About Economy Just Gets Worse Friday, 29 Feb 2008 | 11:26 AM ET

    As if investors didn't have enough to worry about, Friday's batch of economic numbers shows more signs of recession as well as its evil twin--inflation.

  • Consumer Sentiment Drops to 16-Year Low in February Friday, 29 Feb 2008 | 10:03 AM ET

    U.S. consumer sentiment dropped to a 16-year low in February, hitting levels thatusually sound the alarm bells of recession, on worries about declining incomes and rising unemployment, a survey showed Friday.

  • Midwest Manufacturing Shrank Sharply in February Friday, 29 Feb 2008 | 9:52 AM ET

    U.S. Midwest business activity contracted sharply in February in a report Friday showingeven the areas of the country least affected by the boom-bust housing cycle are feeling ripples from the crisis.

  • January Income, Spending Rise, But So Does Inflation Friday, 29 Feb 2008 | 8:39 AM ET
    Cash Register

    U.S. personal income and personal spending in January rose more than expected, but inflation ate up a bigger portion of these as a key price index also rose, a government report showed on Friday.

  • Chances of Aggressive Fed Cut in March Jump Friday, 29 Feb 2008 | 8:23 AM ET

    The chance of an aggressive 75 basis points cut in the Federal Reserve's benchmark interest rate shot up to 62 percent on Friday, as U.S. equity futures pointed to a lower open and Treasury prices surged.

  • Euro Zone Sentiment Falls, Jan. Inflation Confirmed Friday, 29 Feb 2008 | 7:49 AM ET

    Euro zone economic sentiment fell more than expected in February to its lowest in over two years, highlighting risks to growth and boosting the chances of an ECB rate cut, despite a confirmed surge in January inflation.

  • Asian Markets Decline, Japan Closes 2% Lower Friday, 29 Feb 2008 | 5:09 AM ET

    Asian markets were heavily soldoff Friday, with the exception of Chinese stocks, as the specter of a U.S. recession haunted Asian investors as the U.S. dollar hit a three-year lower against the yen and gold and oil prices struck all-time highs.

  • Inflation in Japan at Decade High, Eyes on Europe, US Thursday, 28 Feb 2008 | 10:11 PM ET
    Shopper with bags

    Japan's industrial production fell twice as much as expected in January, sending stock prices lower on heightening concern that the country's economy may slow down or even contract in the first quarter of 2008.

  • $1,000 Gold? Time to Buy Food Stocks? Thursday, 28 Feb 2008 | 3:28 PM ET

    Some interesting takes on the markets, economy, and where to put your money on last night's Kudlow & Company. Joe Battipaglia, market strategist at Stifel Nicolaus, thinks energy stocks are running on fumes. Over at Forbes, Mike Ozanian is betting on $1000 gold. He thinks food stocks offer investors serious value.

  • Dollar Falls to Record Low vs Euro for Third Day Thursday, 28 Feb 2008 | 2:14 PM ET
    Exchanging Dollars and Euros

    The dollar dropped to record lows against the Swiss franc Thursday as U.S. stocks fell following comments from Federal Reserve Chairman Ben Bernanke suggesting the possibility of more U.S. bank failures.

  • Oil Rises Above $101 on Weak Dollar, Nigeria Thursday, 28 Feb 2008 | 2:08 PM ET
    Oil Pipeline

    Oil rose towards $102 a barrel Thursday, trading within sight of its record high, as the U.S. dollar sank to a new low and after militant attacks cut supply from Nigeria, Africa's top exporter.

  • European Stocks Sink on US Outlook Thursday, 28 Feb 2008 | 12:04 PM ET

    European stocks closed sharply lower Thursday, matching declines on Wall Street as Federal Reserve Chairman Ben Bernanke hinted that bank failures are around the corner.

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