World Economy


  • Oil Near $100 on Possibile OPEC Output Boost Tuesday, 4 Mar 2008 | 3:38 PM ET
    Oil Pump

    Oil futures fell sharply, dropping to near $100 on the possibility that OPEC will boost production and on expectations that crude inventories are continuing to rise.

  • Survey: Top Hedge Funds Reach New Heights Tuesday, 4 Mar 2008 | 2:19 PM ET

    Top hedge fund assets surpassed the $1.6 trillion mark at the beginning of 2008, according to a recent survey. And venerable firm JPMorgan remained at the top of the growing heap.

  • Survey: Top Hedge Funds Reach New Heights Tuesday, 4 Mar 2008 | 2:01 PM ET

    Top hedge fund assets surpassed the $1.6 trillion mark at the beginning of 2008, according to a recent survey. And venerable firm JPMorgan remained at the top of the growing heap.

  • You'd expect oil prices to take a bit of a breather after yesterday's record-breaking run that took NYNEX crude oil futures to an all-time high of $103.95/barrel intraday, surpassing the inflation-adjusted record reached more than a quarter century ago.

  • Bernanke: More Must Be Done to Stem Foreclosures Tuesday, 4 Mar 2008 | 11:53 AM ET
    Federal Reserve Board Chairman Ben Bernanke.

    Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to be taken to prevent more distressed homeowners from falling into foreclosure.

  • Honeywell Is Tightening Spending as Economy Slows Tuesday, 4 Mar 2008 | 11:12 AM ET

    Honeywell International is tightening its spending plans and looking for opportunities to hold off on discretionary investment in the face of a slowing global economy, the diversified U.S. manufacturer's chief financial officer said Tuesday.

  • Banks Facing More Fallout From the Housing Crisis Tuesday, 4 Mar 2008 | 11:05 AM ET

    Three top government officials--including Fed Chairman Ben Bernanke--signaled that the expanding housing crisis is likely to take an even bigger toll on banks.

  • Euro Zone Economy Slows, Inflation Jumps Tuesday, 4 Mar 2008 | 10:33 AM ET
    ** FILE ** Euro coins fall out of the hands of a person in Frankfurt, central Germany, Feb. 4, 2007. The euro set an all-time high against the dollar Friday, April 27, 2007, buying US$1.3682 as fears about a U.S. economic slowdown mounted amid signs of weak growth. L(AP Photo/Michael Probst)

    Quarterly euro zone economic growth almost halved in the last three months of 2007 and prices at factory gates jumped in January, data showed, highlighting the diverging growth and inflation trends faced by the ECB.

  • Despite Gloom, Geneva Motor Show Offers Some Hope Tuesday, 4 Mar 2008 | 9:44 AM ET

    Amid the gloomy comments from auto executives at the Geneva Motor Show, the unveilings of several important new models are being overshadowed. Take the new Ford Fiesta. This compact car is being sold in Europe, but the design cues and architecture behind this car will be the underpinnings of compact cars the automaker will roll out in the U.S. in the future.

  • Dollar Turns Positive Vs. Yen as Stocks Cut Losses Tuesday, 4 Mar 2008 | 9:38 AM ET
    Dollar and Yen

    The dollar turned higher against the yen on Tuesday as U.S. stocks trimmed losses late in the afternoon on talk of a bail-out for bond insurer Ambac.

  • TEXT: Bernanke's Speech Tuesday, 4 Mar 2008 | 9:19 AM ET

    The text of a speech by Federal Reserve Chairman Ben Bernanke on Reducing Preventable Mortgage Foreclosures given on March 4, 2008 in Orlando, Florida.

  • BlackRock's Doll: Inflation Fears May be Overdone Tuesday, 4 Mar 2008 | 8:23 AM ET

    The near-term fears about inflation may be misplaced, says Robert Doll, vice chairman and chief investment officer at BlackRock.

  • Europe Raises Pressure on US to Halt Dollar Slide Tuesday, 4 Mar 2008 | 6:12 AM ET
    Dollars and Euro

    Worried euro zone policymakers pressured on Washington on Tuesday to do more to halt the dollar's decline, a day after the U.S. currency hit a record low against Europe's single currency.

  • Asian Stocks End Mostly Lower, Taiwan Gains Tuesday, 4 Mar 2008 | 5:13 AM ET
    A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Asian markets closed mostly lower Tuesday, having drifted in and out of negative territory during volatile trading. Japan closed flat, but Chinese stocks ended 2.3 percent in the red. Gold and platinum hovered at or near record highs.

  • Australia's Central Bank Lifts Rates to 12-Year High Monday, 3 Mar 2008 | 11:39 PM ET

    Australia's central bank on Tuesday raised interest rates to a 12-year peak of 7.25 percent as it fought to keep inflation under control, but noted tentative signs the red-hot economy might be cooling.

  • U.S. crude oil futures rose on Monday as early dollar weakness fueled commodities buying as a hedge and along with geopolitical tensions helped send crude intraday to a record-high $103.95 a barrel. 

  • Auto Sales Numbers Are Just Plain UGLY Monday, 3 Mar 2008 | 2:58 PM ET
    Ugly Auto Sales

    We knew they would be bad, and they were. In fact, February auto sales make it clear, the consumer is tired, nervous, worried: you-fill-in-the-adjective. Look at the numbers: GM down  16.7 percent (including trucks down more than 22 percent)

  • Factory Activity, Construction Both Show Declines Monday, 3 Mar 2008 | 1:40 PM ET
    Auto assembly line

    U.S. manufacturing slumped to its weakest in nearly five years in February, reinforcing worries the world's largest economy is headed for recession, while a fall U.S. construction spending in January added to the gloom.

  • The combined punch of subprime mortgage defaults and heavy debt remains the biggest risk to the health of the U.S. economy, a panel of business economists said Monday.

  • US Dollar Halts Slide In Late Trading Monday, 3 Mar 2008 | 12:03 PM ET

    The dollar halted a sharp sell-off against the euro and a basket of major currencies on relief that U.S. manufacturing had not deteriorated as much as expected.

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