World Economy


  • Japan's Economy Slows on Energy, Material Costs: BOJ Friday, 18 Apr 2008 | 12:50 AM ET
    Japanese Flag

    Bank of Japan Governor Masaaki Shirakawa said on Friday that the economy was slowing due to rising energy and raw materials costs, but he maintained that it would likely pick up gradually.

  • This wasn't fun to write. In Friday's earnings report, writedowns, job cuts and turnaround plans will likely speak louder than any successes Citigroup had doing, you know, banking. That doesn't mean you can't make money trading Citi.

  • Oil Ends Down at $114.86 After Hitting Record Thursday, 17 Apr 2008 | 4:14 PM ET

    Oil ended down below $115 Thursday, after setting a record high of $115.54 per barrel earlier in the session as a drop in U.S. gasoline and crude inventories raised concern of tighter supply.

  • More Americans Are Walking Away From Their Homes Thursday, 17 Apr 2008 | 3:44 PM ET

    Increasing numbers of Americans are simply walking away from their houses and mortgages, increasing pressure on banks and the economy.

  • Manufacturing CEOs Downbeat About 2008 Outlook Thursday, 17 Apr 2008 | 3:09 PM ET

    Executives at several top diversified U.S. manufacturers said they are starting to see signs of the slowing economy taking a toll on business, tempering their outlook for 2008.

  • Google Headquarters

    Investing in Google shares is... different. It's one of the few companies where 30% revenue growth would be disappointing and 450 bucks a share is seen by many as cheap. How do you read earnings of a company like this? I'm glad you asked.

  • Soros: Euro Cannot Become Main Reserve Currency Thursday, 17 Apr 2008 | 12:16 PM ET
    Exchanging Dollars and Euros

    The euro cannot replace the dollar as the world's main reserve currency, and a system of two reserve currencies would be unstable, billionaire investor George Soros said on Thursday.

  • Euro Backs Off From Historic Peak vs. Dollar Thursday, 17 Apr 2008 | 12:06 PM ET
    Dollar and Euro

    The euro retreated from a record high against the dollar in choppy trade Thursday after a top euro zone official called recent euro appreciation "undesirable."

  • Bank Jitters About Lending Hurt Economy: Fed's Kohn Thursday, 17 Apr 2008 | 10:21 AM ET
    Donald Kohn

    Banks are so wary about lending that credit costs are pushed up despite cuts in interest rates,  Fed Vice Chairman Kohn said. .

  • Mid-Atlantic Manufacturing Slides Further in April Thursday, 17 Apr 2008 | 10:09 AM ET

    Factory activity in the U.S. Mid-Atlantic region contracted for a fifth straight month in April, a survey released on Thursday showed.

  • Jobless Claims Up 17,000, Less Than Expected Thursday, 17 Apr 2008 | 8:36 AM ET

    The number of US workers applying for unemployment benefits rose by 17,000, which was marginally less than expected, while those of workers remaining on jobless benefits were at the highest level in almost four years, a government report showed on Thursday.

  • Asian Markets Rally Led by Financials, Tech Stocks Thursday, 17 Apr 2008 | 5:08 AM ET

    Asian stock indexes made firm gains Thursday, with the exception of the Shanghai Composite Index, boosted by financial and technology stocks with Japan, South Korea and Australia all closing stronger.

  • Oil Settles At Record High Near $115 on Supply Fears Wednesday, 16 Apr 2008 | 3:31 PM ET

    Crude futures rose past $115 Wednesday for the first time, propelled by concerns about how much gas will be available during the peak summer months. 

  • Fed Sees Weakening US Economy, Rising Prices Wednesday, 16 Apr 2008 | 3:14 PM ET

    The Federal Reserve said economic conditions were weakening across much of the nation while price pressures from food, fuel and raw materials were increasing.

  • IBM Earnings Preview: Strong and Steady? Wednesday, 16 Apr 2008 | 1:30 PM ET

    IBM shares are up 17% since its January earnings report. Can IBM keep it up? Read on for some of the key issues you'll need to watch when trying to answer that question.

  • Fed's Yellen Says Growth Outlook Uncertain Wednesday, 16 Apr 2008 | 12:23 PM ET

    San Francisco Federal Reserve Bank President Janet Yellen said on Wednesday that economic prospects for the United States are "unusually uncertain," with growth "at best" at a crawl.

  • Dollar Hits New Low after U.S. Inflation, Housing Data Wednesday, 16 Apr 2008 | 11:52 AM ET

    The euro pushed to a new record high Wednesday after a lower-than-expected gain in U.S. inflation last month and a sharp fall in housing starts boosted the case for more Federal Reserve interest rate cuts.

  • PIMCO's Gross: Food, Energy Are Key to Inflation Wednesday, 16 Apr 2008 | 10:57 AM ET

    Measuring inflation without including food and energy costs no longer makes sense, PIMCO Chief Investment Officer Bill Gross told CNBC.

  • Inflation Heating Up Despite A Modest Gain in March Wednesday, 16 Apr 2008 | 10:15 AM ET

    Over the past 12 months, consumer inflation is up by 4%, reflecting a 17% surge in energy costs and a 4.4% rise in food prices.

  • Consumer Prices Rise Less than Forecast in March Wednesday, 16 Apr 2008 | 8:53 AM ET

    US consumer prices rose 0.3% in March, slightly less than expected as cheaper clothing helped hold down overall prices despite a modest rebound in energy prices, a Labor Department report showed.

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