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  • ECB, BOE Join Fed Effort to Ease Market Stress Wednesday, 12 Dec 2007 | 11:04 AM ET

    Several top central banks including the Federal Reserve and the European Central Bank  announced plans to address elevated pressures in short-term funding markets.

  • Fed's Recent Moves to Add Liquidity Wednesday, 12 Dec 2007 | 11:00 AM ET

    The U.S. Federal Reserve on Wednesday announced with other major central banks measures to alleviate upward pressure in interbank markets as financial sector troubles have made it more difficult for banks to raise funds. Following are some major steps the Fed has taken to provide funding to the banking system.

  • Boone Pickens

    I spoke with Boone Pickens Tuesday as he launched Clean Energy's (CLNE) next venture at the Port of Long Beach in Southern California. The basic idea is to wean trucks and buses from diesel, and fuel them instead with liquid natural gas.

  • Federal Reserve's Statement On Boosting Liquidity Wednesday, 12 Dec 2007 | 9:29 AM ET

    The text of the Federal Reserve's statement on adding additional liquidity into money markets released Dec. 12.

  • Asian Markets Close Lower, Fed Disappoints Wednesday, 12 Dec 2007 | 4:54 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian markets closed mostly lower Tuesday, after the U.S. Federal Reserve's decision to cut interest rates failed to shore-up investor confidence. South Korean and Australian markets managed to finish slightly higher, however.

  • Fed Trims Rates 1/4 Point, Disappointing Investors Wednesday, 12 Dec 2007 | 2:45 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    The Federal Reserve cut  interest rates a modest quarter point, disappointing Wall Street, which had hoped for more-aggressive action.

  • Paulson: China Needs Flexible Yuan to Curb Inflation Tuesday, 11 Dec 2007 | 9:29 PM ET

    China needs a more flexible currency to ward off rising inflation risks and the danger that its economy might boil over, U.S. Treasury Secretary Henry Paulson said on Wednesday.

  • Australian Consumer Sentiment Improves in December Tuesday, 11 Dec 2007 | 6:45 PM ET

    Australian consumer sentiment improved in December as relief over the central bank's decision not to raise interest rates enhanced confidence in the economy, a survey showed on Wednesday.

  • Oil Rises as Ice Storm Snarls US Pipelines Tuesday, 11 Dec 2007 | 3:00 PM ET
    Locals ride a canoe past oil instalations belonging to the Mobil oil company in Bonny Island, Nigeria, Thursday, Aug. 17, 2006. Militant groups using kidnappings and sabotage attacks to press their demands for a share of the region's oil wealth, which they accuse the central government of stealing, have made southern Nigeria a volatile place. (AP Photo/George Osodi)

    Oil rose 2 percent Tuesday as a Midwest ice storm nearly paralyzed the most important crude oil hub in the United States ahead of a widely expected rate cut by the U.S. Federal Reserve.

  • Dollar Rises Against Euro After Modest Fed Cut Tuesday, 11 Dec 2007 | 2:48 PM ET

    The dollar rose slightly against the euro but fell against the yen on Tuesday after the Federal Reserve cut its benchmark interest rate by a quarter of a percentage point, less than what some had expected.

  • Markets Hope Fed Will Cut Rates by Half a Point Tuesday, 11 Dec 2007 | 12:43 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Financial markets expect the Fed to trim interest rates a quarter point this afternoon, but many investors are hoping for a half-point cut.

  • GE: Analysts Say Company Faces Some "Headwinds" Tuesday, 11 Dec 2007 | 11:52 AM ET

    General Electric, our parent company, hosting its Annual Outlook Meeting today. Most traders believe they are likely to reiterate their 10 percent + EPS growth targets and remain upbeat about global growth. Consensus estimate for 2008 is $2.49, up 13.1 percent from 2007 estimates.

  • Global Economy May Have Tough Year in 2008 Tuesday, 11 Dec 2007 | 11:14 AM ET

    The U.S. economy is in the danger zone and one good shock could send it into recession next year, according to Global Insights, which released its top 10 predictions for 2008 Tuesday.The Boston-based forecasting company said GDP growth in the fourth quarter of 2007 and first half of 2008 is expected to be very weak, and will make the United States extremely vulnerable.

  • Wholesale Inventories Unchanged in October Tuesday, 11 Dec 2007 | 10:24 AM ET

    Inventories at U.S. wholesalers were unchanged in October, but sales rose 0.7 percent, pushing the inventories-to-sales ratio to a record low, the government said Tuesday.

  • US Economy Seen Growing in 2008: ISM Tuesday, 11 Dec 2007 | 10:23 AM ET

    Economic growth in the United States will continue in 2008, said the nation's purchasing and supply management executives in their December 2007 semiannual economic forecasts on Tuesday.

  • Small Business Optimism Falls to 1993 Low Tuesday, 11 Dec 2007 | 9:51 AM ET

    Small business confidence in the U.S. economy tumbled for the second straight month in November because of worries that economic growth will slow, a survey released on Tuesday showed.

  • What the Fed Is Facing at Tuesday's Policy Meeting Tuesday, 11 Dec 2007 | 9:33 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)

    Wall Street widely expects the Fed to cut interest rates Tuesday. Here are some of the factors policymakers will be considering

  • UBS Won't Have to Raise Capital Again: CEO Tuesday, 11 Dec 2007 | 8:51 AM ET

    UBS CEO Marcel Rohner said that the bank was now protected against all scenarios and would not have to hike capital again after a large capital injection.

  • Asian Markets End Higher Ahead of Fed Decision Tuesday, 11 Dec 2007 | 4:58 AM ET

    Asian markets ended firmly in the green Tuesday in the run up to an interest-rate decision in the U.S. and following a Wall Street rally Monday as credit concerns eased. 

  • World Jobs Outlook Good Despite US Dip: Poll Tuesday, 11 Dec 2007 | 4:24 AM ET

    The global hiring outlook for the first quarter of 2008 remains healthy despite a slightly softer jobs forecast for the United States, a quarterly survey by Manpower Inc, one of the world's largest employment services companies, showed Tuesday.

Contact World Economy

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