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  • Trichet: ECB Must Stop Inflation Spreading Monday, 24 Dec 2007 | 3:27 AM ET

    The European Central Bank is determined to stop increases in oil and food prices becoming entrenched in a broader inflation rise, President Jean-Claude Trichet said in a newspaper interview published on Monday.

  • Asian Markets Rise, Sydney and Seoul Close Stronger Monday, 24 Dec 2007 | 1:18 AM ET

    Asian markets rallied on the Christmas Eve Monday, lifted by technology and bank stocks as stronger-than-expected U.S. consumer spending calmed fears the world's top economy was heading into a recession.

  • Japan's Cabinet Approves New Budget, Spending Sunday, 23 Dec 2007 | 11:57 PM ET

    Japan's cabinet approved an 83.06 trillion yen budget on Monday for the fiscal year from April, featuring an increase in social security spending as the population ages and a modest cut in new debt issuance.

  • Stocks Get An Early Christmas Present Friday, 21 Dec 2007 | 2:57 PM ET

    Strong gains in consumer spending and technology stocks fueled a long-awaited Santa Claus rally on Wall Street.

  • The 'Vette: 'Rodney Dangerfield' of Autos? Friday, 21 Dec 2007 | 11:44 AM ET

    Occasionally, when I state my opinion about a particular car or automaker, I get swamped with e-mails from people who think I'm an idiot. Yesterday was one of those days: I was talking about the new Corvette ZR1...

  • Asian Markets End Higher, Tech Lifts Friday, 21 Dec 2007 | 5:03 AM ET

    Asian markets closed higher across the board Friday, having got a lift from technology stocks and year-end program buying by funds. Most of the major indexes finished over 1 percent higher, while the Hang Seng gained 2.3 percent.

  • Oil Ends Down Near $91 on Economy, Supply Concerns Thursday, 20 Dec 2007 | 4:21 PM ET
    Oil Refinery

    Oil prices eased Thursday, after a seesaw session as dealers weighed tight U.S. crude inventories against the threat of an economic slowdown slashing global energy demand growth next year.

  • Check out the news on Eaton Corp today. The company plans to buy two companies--one in Europe, the other in Asia. That's exactly the type of deal making we can expect to see in the world of M and A next year.

  • Stocks Close Higher, Led by Tech Rally Thursday, 20 Dec 2007 | 2:51 PM ET

    Stocks closed higher as a rally in technology shares helped offset more uncertainty in the credit markets and troubling economic signs.

  • Credit Agricole to Take Credit-Related Writedown Thursday, 20 Dec 2007 | 2:12 PM ET

    France's biggest retail bank Credit Agricole said on Thursday it would book a 2.5 billion euros pre-tax writedown in 2007 due to the credit crisis gripping global financial markets.

  • We have a new Wall Street Journal-NBC News poll that's shaking up the Republican presidential race, since Rudy Giuliani has lost his national lead. But it's also shaking up Ron Paul's legions of Internet supporters--because he fared so poorly at just 4 percent of the vote. Because his numbers were so low I didn't mention Paul in my Wall Street Journal story on the poll.

  • Dollar Falls vs. Yen on Credit Worries Thursday, 20 Dec 2007 | 11:44 AM ET
    Exchanging Dollars and Euros

    The yen rose broadly on Thursday on worries that the worst from the U.S. subprime mortgage market fallout was yet to come after Bear Stearns recorded its first-ever quarterly loss.

  • Economy Is Showing More Weakness--And Inflation Thursday, 20 Dec 2007 | 10:10 AM ET

    The economy is continuing to show further signs of weakness and rising inflation, according to the latest government reports.

  • UK's Current Account Deficit Hits a Record High Thursday, 20 Dec 2007 | 5:54 AM ET

    Britain's current account deficit hit a record high of 20 billion pounds in the third quarter, equivalent to 5.7 percent of GDP, official data showed on Thursday.

  • Asian Markets End Mixed, China Gains Thursday, 20 Dec 2007 | 4:59 AM ET

    Asian markets closed mixed Thursday with Australia slipping into the red after initially rising in the morning and South Korea paring back gains to trade flat. But Chinese shares managed to move higher with property stocks on the advance.

  • Japan November Exports Rise, But US Worries Linger Wednesday, 19 Dec 2007 | 8:40 PM ET

    Japan's exports rose steadily in November from a year earlier but shipments to the United States fell for the third straight month, reinforcing worries that slower U.S. growth will have a broader impact on Japan's economy next year.

  • Oil Above $91 on U.S. Supply Drop Wednesday, 19 Dec 2007 | 3:53 PM ET
    Oil Refinery

    Oil prices rose to $91 a barrel on Wednesday, ending a four-day run of losses, after crude oil stocks in top consumer the United States fell more than expected last week to their lowest in nearly three years.

  • Merrill Lynch says fund managers it surveyed in December are more pessimistic about corporate profits than they have been in nearly a decade. Seventy-four percent believe we are in a late cycle phase of business expansion while four percent believe the economy has already entered global recession, the firm says.

  • Dollar Up on Year-End Buys, Europe Slowdown Wednesday, 19 Dec 2007 | 3:23 PM ET
    Exchanging Dollars and Euros
  • Oil At $50 A Barrel: Can It Be That Low Again? Wednesday, 19 Dec 2007 | 3:05 PM ET
    Patrons line up for fuel, Tuesday, May 30, 2006, in Cincinnati. Oil prices rose above $72 a barrel Tuesday ahead of an OPEC meeting in Venezuela and the start of the Atlantic hurricane season later this week. The Memorial Day holiday marked the beginning of the peak driving season in the U.S., a period when energy traders are extra skittish about any loss of oil production or refining capacity. (AP Photo/Al Behrman)

    As I watched the signing ceremony for another energy bill today, I thought, why bother? The push for more ethanol only seems to drive up the price of corn, displace other crops, and lead to food inflation for consumers. Energy independence? Please. We import roughly half the oil we use each day. That's a pretty big hurdle to independence.

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