World Economy


  • ECB Hints at Rate Rise if Inflation Stays High Saturday, 19 Apr 2008 | 11:36 AM ET

    Wage and fiscal policy in the euro zone could buoy inflation and the European Central Bank may need to act on interest rates, ECB policymaker Axel Weber said in a newspaper interview released on Saturday.

  • For the week ending Friday, April 18, 2008 the US Markets ended the week rallying on earnings news. The Dow had its best week since Feb 1 and rallied 256.8 points on Wednesday and another 228.87 points on Friday, for its biggest point gains since April 1st.

  • Dollar's Rebound Tied to Hopes for US Economy Friday, 18 Apr 2008 | 3:55 PM ET
    Exchanging Dollars and Euros

    Signs of renewed confidence in the U.S. financial system could support the dollar next week, provided March's housing reports do not revive chances of a steep interest rate cut.

  • CAT CEO Owens: We Need Free Trade Friday, 18 Apr 2008 | 2:43 PM ET

    Caterpillar spacer CEO Jim Owens was just on our air with Erin Burnett, and made very important comments about agricultural subsidies and the need to maintain global free trade.

  • Dollar Gains Broadly as Citi Earnings Cheer Friday, 18 Apr 2008 | 2:29 PM ET

    The dollar touched a seven-week high against the yen and pulled further away from a record low versus the euro Friday after Citigroup earnings contained less damage from the crisis in credit markets than some had expected.

  • Natural Gas

    Natural gas futures are the strongest part of the energy complex again today. Despite oil prices hitting new highs on a daily basis, gains in natural gas futures are nearly double crude so far this year.

  • Stern Warning: Cost of Tackling Climate Change Rises Friday, 18 Apr 2008 | 1:50 PM ET

    Curbing greenhouse gases has become an emergency, as global warming advances faster than previously thought, Lord Nicholas Stern, the author of the 'Stern Review' on climate change and the economy, tells CNBC.com.

  • Crude Oil Jumps to Fresh Record of $117 a Barrel Friday, 18 Apr 2008 | 12:10 PM ET
    Oil Pipeline

    Oil prices hit a record high $117 a barrel Friday as jitters over Nigerian oil supplies outweighed a rally in the dollar and fears of an economic slowdown in giant energy consumer China.

  • Bear-Market Rally Due for European Stocks?   Friday, 18 Apr 2008 | 11:59 AM ET

    European stocks may stage a relief rally next week, with financials leading the way higher, as investors welcome positive action from the troubled banks, analysts told CNBC.com.

  • Caterpillar's Global Growth Story Friday, 18 Apr 2008 | 11:07 AM ET

    Caterpillar is an excellent example of how global growth is helping the bottom line of big corporations. Here's the story: global growth is NOT decelerating to any appreciable extent; in fact, it is strong and, in some cases, getting stronger.

  • Fed's Plosser Warns That Rate Cuts Are No Cure-All Friday, 18 Apr 2008 | 10:44 AM ET
    Charles Plosser

    The federal funds rate is now low enough to boost economic growth as the impact of previous interest rate cuts starts to kick in, Philadelphia Federal Reserve President Charles Plosser said Friday.

  • Right Issues Throwing Good Money after Bad? Friday, 18 Apr 2008 | 8:24 AM ET
    A Royal Bank of Scotland logo is seen outside the company's offices in central London, Tuesday May 29, 2007. A consortium led by Royal Bank of Scotland PLC said Tuesday it will launch a hostile bid of euro71.1 billion (US$95.5 billion) for ABN Amro, topping a friendly offer from Barclays PLC and pressing Bank of America Corp. for control of the Dutch bank's U.S. arm. (AP Photo/Matt Dunham)

    Nobody should be surprised by the talk about a cash-raising exercise at RBS. The real question is why it is taking so long for the banks to acknowledge the continued deterioration in the quality of the assets they own.

  • Asia Ends Mixed, Japan Gains but China Sinks Friday, 18 Apr 2008 | 5:15 AM ET

    Asian markets eked out some gains Friday. Stocks spent the better part of the session dipping below and above the line. Japan and South Korea pulled ahead at the close, finishing higher, but China and Australia closed weaker.

  • 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.

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