World Economy


  • Commodity Market's Roiling Riptides Of Prices Thursday, 20 Mar 2008 | 8:50 AM ET

    The slick slide for oil, gold and other commodities over the past 24 hours has been as dramatic as the mercurial rise to record heights. With oil below $100, the next leg down could be a steep one. Looking back to the lows of this year, many traders point to technical charts that indicate oil prices could return to the February lows in the mid-$80 range.

  • Asian Markets Seesaw, China Swings Wildly Thursday, 20 Mar 2008 | 5:41 AM ET

    Asian stocks bounced around in the afternoon session Thursday, with Chinese markets oscillating wildly, losing as much as 6.5% at one point, but swinging back into the black, now trading over 2% higher.

  • China Retains Income Tax Break for Funds Wednesday, 19 Mar 2008 | 11:20 PM ET
    China, Chinese Flag

    China has issued a reminder that mutual funds are exempted from corporate tax in order to encourage development of the investment sector.

  • Can FedEx deliver? Wednesday, 19 Mar 2008 | 5:27 PM ET

    Nike delivered great earnings after the bell Wednesday. Can FedEx join Nike and dodge the bullets of higher fuel costs and a weakening U.S. economy?

  • The Diesel Dilemma: Why It's Getting More Expensive Wednesday, 19 Mar 2008 | 4:54 PM ET

    This post is from CNBC energy producer, Judy Gee. Record crude oil prices and talks of $4 gasoline aside, there's a quieter, more subtle dilemma lurking in diesel. Record pump values for diesel surfaced on February 21 and prices have hit daily records ever since. Gone are the days when diesel was cheaper than gasoline.

  • Run-up to Nike Earnings Wednesday, 19 Mar 2008 | 2:36 PM ET

    Enough with the brokerage earnings. This afternoon, Nike tells us how the sporting goods biz is doing.

  • Oil Sees Biggest One-Day Dollar Drop in 17 Years Wednesday, 19 Mar 2008 | 2:02 PM ET
    An oil refinery in Elizabeth, N.J. is shown in this aerial photo of Wednesday, Aug. 29, 2007. Oil prices extended their rise above $78 a barrel Wednesday, Sept. 12, 2007 after finishing at a record close the previous session as a production increase from OPEC failed to calm market concerns about the availability of supplies for winter in the Northern Hemisphere. (AP Photo/Mark Lennihan)

    Crude prices fell 4.5 percent Wednesday on concerns that a big U.S.-led economic slowdown could further undermine global energy demand. The decline of $4.94 per barrel marked oil's biggest one-day drop in more than 17 years.

  • Dollar Briefly Reverses Losses vs. Euro Wednesday, 19 Mar 2008 | 12:51 PM ET

    The dollar briefly reversed losses against the euro on Wednesday in volatile trading, drawing support from losses in gold futures.

  • As Interest Rates Decline, Bernanke's Stock Goes Up Wednesday, 19 Mar 2008 | 11:43 AM ET
    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 Ben Bernanke’s stock is at a 52-week high on Wall Street --- with the exception perhaps of Bear Stearns, which appears to be selling him short.

  • Can’t Grasp Credit Crisis? Join the Club Wednesday, 19 Mar 2008 | 7:16 AM ET

    The overwhelming majority of homeowners are doing just fine. So how is it that a mess concentrated in one part of the mortgage business — subprime loans — has frozen the credit markets?

  • Japan's Upper House Vetoes BOJ Nominee Again Wednesday, 19 Mar 2008 | 6:51 AM ET

    The Japanese central bank was placed in the hands of a temporary governor when Toshihiko Fukui retires in a few hours, after the latest candidate to replace him was rejected by the upper house of parliament.

  • Asian Markets Rally, Australia Leaps 4% Wednesday, 19 Mar 2008 | 6:16 AM ET

    Asian markets rallied on Wednesday as investors took a shine to the U.S. Federal Reserve's interest rate cut. Australia had a spectacular session, finishing 4% higher. Japan and South Korea both ended over 2% higher.

  • BoE Voted 7-2 for Steady Rates in March Wednesday, 19 Mar 2008 | 5:42 AM ET

    Two of the nine Bank of England policymakers opposed this month's decision to keep interest  rates at 5.25 percent, preferring an immediate quarter-point cut to shore up the economy in the face of a global downturn.

  • Morgan Stanley: Betting on Good Earnings Tuesday, 18 Mar 2008 | 4:27 PM ET
    Morgan Stanley

    Morgan Stanley shares shot up 18% Tuesday, so why care about the brokerage's earnings report Wednesday morning? Cmon, there's always something to worry about.

  • Fed Gives Inflation a Promotion in Tuesday's Cut Tuesday, 18 Mar 2008 | 4:08 PM ET

    Today's statement is another in a series of very significant communications from the Fed. At the extreme, it could mean the Fed is done cutting rates, barring any more massive credit-market upheavals.

  • Dollar Gains on Euro, Yen After Fed Rate Cut Tuesday, 18 Mar 2008 | 4:01 PM ET
    Dollars and Euro

    The dollar posted gains against the yen and the euro on Tuesday after the Federal Reserve slashed benchmark interest rates by 75 basis points.

  • Fed Funds Rate Cuts - Is Bernanke More Decisive? Tuesday, 18 Mar 2008 | 3:52 PM ET

    The Federal Reserve announced a 75 basis point cut to its Fed Funds Target today, bringing the rate down to 2.25%, its lowest level since January 2005.   The Fed has now cut the rate by 3.0% since it began easing in September of last year.  How does 300 basis points over 180 days compare to past easing periods?

  • Oil Ends Above $109 After Fed Rate Cut Tuesday, 18 Mar 2008 | 3:28 PM ET

    Oil trading on the Nymex closed above $109 Tuesday, after the Federal Reserve cut the fed funds rate by three-quarters of a point, or 75 basis points, to 2.25 percent.

  • Wall Street Turmoil Ripples Across Main Street Tuesday, 18 Mar 2008 | 3:24 PM ET

    Turmoil on Wall Street is pushing financial professionals to the therapist's couch, scaring them off power lunches and testing the mettle of small investors caught in the vortex.

  • That sound you hear around the nation's capital is the political class, chortling. They're amused (rather than outraged) by the spectacle of so many on Wall Street extended their hands, palms up, seeking financial help from Washington.

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