World Economy


  • Preview: Research In Motion Seen Doubling Profits Wednesday, 2 Apr 2008 | 12:10 PM ET

    Let's face it. Most people above a certain age don't "get" instant messaging. Thankfully, Research in Motion has attached Blackberries to the hips of business people so they can e-mail each other on the go. If you think this company sounds boring or its products aren't sexy, you haven't seen RIM's growth numbers.

  • February Factory and Durable Goods Orders Fall Wednesday, 2 Apr 2008 | 11:42 AM ET
    Manufacturing Cars

    New orders at U.S. factories fell for the second month in a row in February and by a much larger-than-expected 1.3 percent, a government report showed on Wednesday.

  • Rebound by Financials Is Selling Opportunity:  Faber Wednesday, 2 Apr 2008 | 10:52 AM ET

    The rebound in financial stocks is a golden opportunity to sell, as earnings will not return to the values before the beginning of the credit crunch, editor of the 'Gloom, Doom and Boom' report and long-standing bear Marc Faber told CNBC Europe Wednesday.

  • Private Sector Shows Unexpected Job Growth Wednesday, 2 Apr 2008 | 10:24 AM ET

    US private-sector employers unexpectedly added 8,000 jobs in March, a report by a private employment service said, confounding economists' expectations of a fall.

  • Global Scorecard: Latin America on Top Wednesday, 2 Apr 2008 | 10:24 AM ET

    As the second quarter begins, and uncertainty in the U.S. market prevails, investors might want to start looking south for some opportunities.  For the first quarter, Latin American indices were amongst the best performers around the globe. 

  • TEXT: Bernanke's Testimony Wednesday, 2 Apr 2008 | 9:40 AM ET

    The full text of Federal Reserve Chairman Ben Bernanke's prepared testimony before the Joint Economic Committee of Congress on April 2, 2008:

  • ECB Allots $39 Billion in First 6-Month Tender Wednesday, 2 Apr 2008 | 8:07 AM ET

    The European Central Bank's first-ever auction of six-month funds on Wednesday saw banks bidding more than four times the 25 billion euros on offer as they sought cash they struggle to raise on financial markets.

  • UK's First Direct Withdraws New Mortgages Wednesday, 2 Apr 2008 | 7:46 AM ET

    British bank First Direct has withdrawn mortgages for new customers to clear a backlog after people flocked to its relatively cheap rates as other lenders raised rates due to the credit crunch.

  • Recession on its way for Europe? Wednesday, 2 Apr 2008 | 7:45 AM ET

    The $19 billlion writedown at UBS has cheered some investors who think that the worst of the credit crunch is now over. But the European Central Bank still faces the prospect of falling growth and rising prices.

  • Japan Closes Up 4%, Markets Hope Worst is Over Wednesday, 2 Apr 2008 | 5:11 AM ET

    Markets surged Wednesday after a Lehman Brothers securities offering in the U.S. met strong demand, raising hopes in Asia that the worst of the credit crisis might be over. Japan closed over 4% higher, while Australia and South Korea both added 2%.

  • China Tells Paulson Strategic Talks Build Trust Wednesday, 2 Apr 2008 | 1:23 AM ET
    Henry Paulson

    China reaffirmed its commitment on Wednesday to regular high-level talks with the United States that visiting Treasury Secretary Henry Paulson hopes will help to pry open Chinese markets and speed the yuan's rise.

  • 2008 Growth in Asia to be Lowest in 5 Years: ADB Tuesday, 1 Apr 2008 | 10:51 PM ET
    Cranes stand on a construction site in front of newly completed apartment buildings in Beijing.

    Growth in Asia's developing economies, the fastest-expanding in the world, will slow in 2008 to the weakest pace in five years because of the global credit crisis, the Asian Development Bank said on Wednesday.

  • Dollar Gains Amid Hopes That the Worst Is Over Tuesday, 1 Apr 2008 | 4:51 PM ET
    Dollars and Euro

    The dollar vaulted higher Tuesday after major banks UBS and Lehman Brothers raised a combined $19 billion to shore up their balance sheets, boosting hopes that the worst of Wall Street's problems may be over.

  • Oil Extends Losses as Dollar's Gains Trigger Selloff Tuesday, 1 Apr 2008 | 3:58 PM ET

    Oil fell on Tuesday, extending three days of losses as gains in the U.S. dollar triggered selling in commodity markets.

  • Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)

    Fed Chairman Bernanke will go before Congress  Wednesday in his first public testimony since the rescue of Bear Stearns and other Fed efforts to stem the credit crisis.

  • What's Up--Or Down With These Oil Prices? Tuesday, 1 Apr 2008 | 3:14 PM ET

    This morning traders on the NYMEX floor were buzzing about the oil plunge under $100 a barrel, perhaps marking the bursting of the commodities bubble. After all, the U.S.dollar index had popped over 1 percent, as the dollar rallies sharply against the Euro and other currencies...

  • Light at the End of the Tunnel for Banks? Tuesday, 1 Apr 2008 | 11:34 AM ET

    News of massive writedowns at two major European banks paradoxically sent shares soaring Tuesday, as many investors took the typically negative announcements as a signal to buy into the battered sector.

  • Manufacturing Edges Up, While Construction Slows Tuesday, 1 Apr 2008 | 10:07 AM ET
    Worker in an Alcoa plant.

    U.S. factory activity shrank less than expected in March, while construction spending fell for the fifth straight month, according to separate reports.

  • Euro Zone PMIs Show Biggest Country Split in 7 Years Tuesday, 1 Apr 2008 | 5:23 AM ET

    Euro zone manufacturing activity cooled in March, but there was the biggest growth split among leading economies in seven years, while price pressures spiralled higher, a survey showed on Tuesday.

  • Asian Markets End Mixed, Japan Climbs 1% Tuesday, 1 Apr 2008 | 5:07 AM ET

    Asian stocks closed mixed Tuesday as markets pared back gains ahead of a raft of economic indicators due out this week. Investors are wary over the prospect of a serious global economic slowdown.

Contact World Economy


    Get the best of CNBC in your inbox

    › Learn More