The Fast Money traders share their final trades of the day.» Read More
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.
Crude oil futures rose to another record close Thursday, boosted once more by the dollar's continuing slide to new lows against the euro.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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's trade deficit ballooned 41 percent in January as strong domestic demand sucked in imports while bad weather and supply bottlenecks crimped export growth.
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 clawed their way back to close higher Wednesday after a rollercoaster day of trading loaded with news.
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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