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  • Japan Government Picks Muto to Head Central Bank Thursday, 6 Mar 2008 | 9:29 PM ET

    The Japanese government plans to put forward deputy central bank governor Toshiro Muto as the next head of the Bank of Japan, Japanese media reported, but it was unclear if opposition lawmakers would accept or veto him. 

  • Oil Ends at Record Above $105 on Weak Dollar Thursday, 6 Mar 2008 | 3:35 PM ET
    Oil Refinery in California

    Crude oil futures rose to another record close Thursday, boosted once more by the dollar's continuing slide to new lows against the euro.

  • Euro Stocks End Lower on US Data, Trichet Thursday, 6 Mar 2008 | 1:08 PM ET

    European stock markets ended firmly lower Thursday after ECB President Jean Claude-Trichet maintained his hawkish tone and kept interest rates pat, while data from the U.S. added to the gloomy outlook.

  • As Dollar Tumbles, Should Fed Stop Cutting Rates? Thursday, 6 Mar 2008 | 12:55 PM ET

    The Fed is cutting rates to bolster the economy and keep the credit crunch from getting worse. But in the process, the central bank is creating other problems--including higher inflation

  • Fed's Rate Cuts May Do Long-Term Dollar Damage Thursday, 6 Mar 2008 | 12:12 PM ET

    By many measures, confidence in the dollar has never been lower, and some fear more Federal Reserve interest rate cuts will make matters worse by swelling inflation and undermining long-term U.S. economic health.

  • Is the Dollar Near the Bottom? Thursday, 6 Mar 2008 | 11:29 AM ET
    Euromuenzen liegen am Donnerstag, 20. September 2007, in Frankfurt am Main auf Dollarnoten, nachdem der Euro ein Allzeithoch von ueber 1,40 Dollar erreicht hatte. (AP Photo/Michael Probst) --- Euro coins are seen next to Dollar bills in Frankfurt, central Germany, Thursday, Sept. 20, 2007, after the Euro reached an all time high of more than 1,40 Dollar. (AP Photo/Michael Probst)

    The battered U.S. dollar may be near the bottom of its weakening cycle, but a recovery rally will take a while to materialize, because big uncertainties still hang over the U.S. economy, analysts told CNBC.com.

  • Dollar Deepens Losses on Housing Report Thursday, 6 Mar 2008 | 10:53 AM ET

    The dollar extended losses against the euro and the yen Thursday after U.S. pending home sales were unchanged in January, doing little to allay investor worries over the deteriorating U.S. economic outlook.

  • ECB, BOE Leave Rates on Hold to Fight Inflation Thursday, 6 Mar 2008 | 10:27 AM ET

    The ECB and the BOE left interest rates unchanged on Thursday, as fears of inflation outweighed worries that the U.S. economic woes may spread around the world.

  • Euro Strength Reduces ECB's Surplus Thursday, 6 Mar 2008 | 10:18 AM ET

    The European Central Bank's surplus fell to 286 million euros ($439 million) last year from 1.37 billion euros in 2006, because of the euro's strength, the bank said on Thursday.

  • Jobless Claims Fell Last Week But Remain High Thursday, 6 Mar 2008 | 10:16 AM ET

    Fewer workers applied for unemployment benefits last week, but the number remaining on jobless aid stood at the highest level in nearly two and a half years.

  • Foreclosures Hit a Record; Pending Home Sales Steady Thursday, 6 Mar 2008 | 10:08 AM ET

    U.S. home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the fourth quarter. Pending sales of previously owned homes were unchanged in January.

  • Volkswagen: Big Plans Beyond The Bug Thursday, 6 Mar 2008 | 8:49 AM ET

    When you think of Volkswagen, what pops into your mind? Let me guess: the Beetle, Microbus, and Jetta all bring a smile to your face. Then it fades as you think about the Touareg, Phaeton, and a company that often appears lost. I call it the split personality of VW.

  • Video: ECB, BoE Hold Rates - Instant Analysis Thursday, 6 Mar 2008 | 8:18 AM ET

    The Bank of England held interest rates at 5.25% Thursday, as widely expected. Ian Morley, CEO of Dawnay, Day Brokers Limited and Lena Komileva from Tullett Prebon discuss the impact of the decision.

  • Asian Markets Climb, Japan Adds Over 1% Thursday, 6 Mar 2008 | 6:02 AM ET

    Asian markets rallied Thursday, with Japan and South Korea both finishing over 1 percent higher after more positive economic data out of the U.S. eased investor concerns over a global recession.

  • ECB, BoE Expected to Hold, for Now Thursday, 6 Mar 2008 | 5:00 AM ET

    The European Central Bank and the Bank of England are likely to keep interest rates unchanged at their meetings on Thursday but monetary policy easing is on the cards for later, analysts and dealers expect.

  • Yuan Not Key to Inflation Fight: China's Central Bank Thursday, 6 Mar 2008 | 1:13 AM ET

    A stronger yuan can help temper price pressures but plays second fiddle to monetary policy in China's struggle against inflation, the country's central bank chief said on Thursday.

  • Australia Trade Deficit Widens as Imports Bulge Wednesday, 5 Mar 2008 | 9:16 PM ET

    Australia's trade deficit ballooned 41 percent in January as strong domestic demand sucked in imports while bad weather and supply bottlenecks crimped export growth. 

  • Fed Must Act to Stem Crisis, Pianalto Says Wednesday, 5 Mar 2008 | 8:39 PM ET
    Federal Reserve

    The global credit crisis creates big downside risks to an already softening economy that require bold action from the U.S. central bank, Cleveland Federal Reserve President Sandra Pianalto said on Wednesday.

  • Stocks Claw Their Way Back as Oil Tops $104 Wednesday, 5 Mar 2008 | 5:10 PM ET

    Stocks clawed their way back to close higher Wednesday after a rollercoaster day of trading loaded with news.

  • Oil Surges, Closes at Record High on US Supply Drop Wednesday, 5 Mar 2008 | 3:12 PM ET
    Oil Pipeline

    Oil surged Wednesday, rising a remarkable $5 a barrel to a new record over $104 after the government reported a surprise drop in crude oil stockpiles and OPEC held production levels steady.

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