World Economy


  • Fed Hopes Lift Asia Stocks, Japan Climbs Tuesday, 18 Mar 2008 | 5:58 AM ET

    Asian stocks closed mostly higher Tuesday after Monday's selloff as battered financials regained some luster ahead of a Federal Reserve meeting that is expected to yield steep U.S. rate cuts. Japan finished 1.5 percent higher, but Australia closed flat.

  • China's Wen Is Worried About Dollar, Global Economy Tuesday, 18 Mar 2008 | 2:29 AM ET
    Chinese Premier Wen Jiabao speaks at a press conference after the closing ceremony of the National People's Congress, in Beijing's Great Hall of the People Friday March 16, 2007. (AP Photo/Greg Baker)

    China is deeply concerned about the potential global economic fallout from the U.S. subprime crisis, which could make its job of balancing growth and fighting inflation more challenging, Premier Wen Jiabao said on Tuesday.

  • Australia's Central Bank Is Still Wary on Inflation Tuesday, 18 Mar 2008 | 12:14 AM ET

    Australia's central bank was still concerned that interest rates might not be high enough to restrain inflation when it hiked rates to a 12-year high earlier this month, minutes of the policy meeting showed on Tuesday.

  • Japan Nominates BOJ Governor, Opposition Wary Monday, 17 Mar 2008 | 9:39 PM ET

    The Japanese government put forward on Tuesday a former top finance ministry bureaucrat as its second nominee to become central bank governor, but a senior opposition lawmaker warned the surprise choice was likely to be vetoed.

  • Goldman: (GS) = Good Stuff? Monday, 17 Mar 2008 | 5:18 PM ET
    Goldman Sachs

    Even a multi-billion writedown may not be enough to shake investor confidence in Goldman Sachs. Read on to see what could spook traders.

  • Lehman Earnings: Moment of Truth Monday, 17 Mar 2008 | 4:04 PM ET

    Lehman Brothers appears to be in much better shape than Bear Stearns, but is it good enough to avoid a similar fate? The broker's earnings report on Tuesday should go a long way towards answering that question. What points should you focus on? Read on to find out.

  • Traders I talked to on the floor of the New York Mercantile Exchange today were rather somber: not because oil futures saw the biggest dollar drop in 17 years but because those who own NYMEX shares watched the stock tank about 10 percent today.

  • Cash Is "Place To Be" With Oil, Commodities Monday, 17 Mar 2008 | 3:22 PM ET

    Traders trying to pick bottoms in this commodity free-fall had a tough day. NYMEX crude futures suffered their biggest one day dollar drop since 1991--falling as much as $7 this afternoon.

  • Oil Closes Below $106, More Than 4 Percent Lower Monday, 17 Mar 2008 | 3:06 PM ET

    U.S. crude oil futures fell on Monday as profit-taking hit commodities markets amid mounting concerns about a slowing economy and continued banking and credit uncertainty.

  • Meet the Biggest Loser in the Bear Stearns Debacle Monday, 17 Mar 2008 | 2:58 PM ET

    Bear Stearns' second largest shareholder, Joe Lewis, said Monday JPMorgan's $2 a share offer for the investment bank is "derisory."

  • Lehman Brothers -- The Next Banking Casualty? Monday, 17 Mar 2008 | 2:50 PM ET

    Lehman shares tumbled more than 20 percent Monday as Wall Street speculated whether or not it's the ailing banking system's next casualty.

  • Dollar Tumbles After Fed's Emergency Action Monday, 17 Mar 2008 | 1:06 PM ET

    The dollar tumbled to a 12-1/2 year low against the Japanese yen on Monday and record levels against the euro and the Swiss franc as emergency liquidity-boosting measures by the Federal Reserve over the weekend failed to ease worries about the U.S. financial sector.

  • Advice on the Heels of the Bear Stearns Buyout Monday, 17 Mar 2008 | 11:47 AM ET

    Stocks were lower in early trading Monday as Wall Street digested the fire-sale buyout of an investment banking giant: Bear Stearns. CNBC brought the market pros for their perspective on the fallout.

  • Visa's IPO - Credit or Debit? Monday, 17 Mar 2008 | 11:41 AM ET

    As Visa’s expected public offering approaches, will the company’s IPO draw the attention that was anticipated?  Here is some data on Visa, its business and its competitive position.

  • Bear's 'Fire Sale' Sparks Fear That No Bank Is Safe Monday, 17 Mar 2008 | 11:40 AM ET
    Credit Crunch

    A fire sale of Bear Stearns stunned Wall Street and pummeled global financial stocks on Monday on fears that few banks are safe from deepening market turmoil.

  • Fed Announces Emergency Steps to Ease Credit Crisis Monday, 17 Mar 2008 | 10:20 AM ET
    The Federal Reserve headquarters in Washington, DC.

    The U.S. Federal Reserve announced emergency measures to stem a fast-spreading global financial crisis, tapping tools last used in the Great Depression to pour funds into cash-starved Wall Street firms.

  • Risk of US Contagion is Very High: IMF Monday, 17 Mar 2008 | 9:20 AM ET

    The global economic outlook is worsening and the risk of contagion from a financial markets crisis that began in the United States is now very high, IMF chief Dominique Strauss-Kahn said on Monday.

  • Deepening U.S. Slump Envelops Factory Sector Monday, 17 Mar 2008 | 8:46 AM ET
    Worker in an Alcoa plant.

    A spreading U.S. economic slowdown seeped into U.S. factory activity in February and March as waning demand more than offset the export benefits of a cheaper dollar, a series of reports Monday showed.

  • Asian Markets Plunge on Credit Fears Monday, 17 Mar 2008 | 6:31 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian markets plunged Monday, but stocks were off session lows. Japan closed 3.7 percent lower and Hong Kong fell 5 percent.

  • Choice of BOJ Governor Remains in Deadlock Sunday, 16 Mar 2008 | 11:12 PM ET

    Japan's government struggled to resolve a deadlock over a new central bank chief on Monday, just days before the current governor retires, and prospects for a breakthrough were unclear even as market turmoil took the dollar to fresh lows and battered Tokyo stocks. 1st paragraph of story should go here

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