World Economy


  • Germany Prepares to Cede Export Crown to China Monday, 18 Feb 2008 | 8:03 PM ET

    China will surpass Germany as the world's biggest exporter of goods this year, German Economy Minister Michael Glos said on Monday.

  • Oil Hits $96, Buoyed by Supply Risks Monday, 18 Feb 2008 | 1:21 PM ET

    Oil advanced for a fourth day on Monday, supported by an escalating row between OPEC member Venezuela and oil major Exxon Mobil.

  • Dollar Edges Up in Holiday-Thinned Trading Monday, 18 Feb 2008 | 12:56 PM ET
    Dollars and Euro

    The dollar recovered in trade thinned by a U.S. market holiday on Monday, as investors locked in profits following the currency's worst weekly performance of the year so far.

  • Credit Crunch May Start to Bite Eastern Europe Monday, 18 Feb 2008 | 6:27 AM ET

    The continuing worsening of global credit conditions could make life harder for the fast-growing economies of Eastern and Central Europe, which until now have largely been unharmed, according to analysts.

  • Asian Markets End Mixed, Hong Kong Falls Monday, 18 Feb 2008 | 5:26 AM ET

    Asian stocks closed mixed Monday, as investors shrugged off a rash of weak economic indicators to keep most markets afloat. Japan and South Korea closed just a touch higher, which the Hong Kong market fell.

  • China's Producer Price Inflation Hits 3-Year High Sunday, 17 Feb 2008 | 10:12 PM ET

    China's producer price inflation jumped to a three-year high in January as transport disruptions caused by severe winter weather pushed up the cost of food and coal.

  • Oil Slides Back to $95 After Bleak Outlooks Friday, 15 Feb 2008 | 3:46 PM ET

    Oil held steady over $95 a barrel Friday after a series of bleak reports hit the economic outlook for top energy consumer the United States, helping erase earlier gains on supply concerns.

  • Bleak Economic Reports Signal Recession Friday, 15 Feb 2008 | 2:05 PM ET

    A series of bleak economic reports on Friday showed the mood of American consumers deteriorating in February to a point that has always signaled recession, while factory activity in New York state suffered its biggest drop on record. .

  • Dollar Falls as US Data Reflects Broad Weakness Friday, 15 Feb 2008 | 11:38 AM ET
    Dollars and Euro

    The dollar fell against most major currencies Friday after data showing sharp declines in consumer sentiment and New York area manufacturing rekindled fear that the economy continues to slouch toward recession.

  • Weak Economy News, Inflation Weigh On Stocks Friday, 15 Feb 2008 | 11:30 AM ET

    A slew of weak economic news and stronger than expected inflation news is weighing on stocks ahead of the Presidents’ Day weekend. Consider: .

  • Consumer Confidence Plunges in Early February Friday, 15 Feb 2008 | 11:02 AM ET

    U.S. consumer sentiment fell sharply in early February to levels associated with previous recessions, dragged down by concerns a bleak economic outlook would raise the unemployment rate, a survey showed Friday.

  • Greenspan Says U.S. 'On The Edge' of Recession Friday, 15 Feb 2008 | 10:56 AM ET
    Alan Greenspan

    Former U.S. Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.

  • Industrial Output Posts Modest Increase Friday, 15 Feb 2008 | 10:52 AM ET
    Containers are loaded and unloaded Wednesday, April 11, 2007  at the New York Container Terminal in the Staten Island borough of New York. The Director of Homeland Security's  Domestic Nuclear Detection Office Vayl Oxford toured the Advanced Spectroscopic Portals installed at the New York Container Terminal on Wednesday. (AP Photo/Frank Franklin II)

    The nation's industrial output posted a modest increase in January as strength at utilities offset weakness in manufacturing and mining.

  • Asian Stocks End Mixed, Japan Flat Friday, 15 Feb 2008 | 5:40 AM ET

    Asian stocks ended the week with a mixed session Friday, but off their earlier lows. Japan closed almost flat despite making sharp losses in the morning.  South Korea finished just slightly lower.

  • Euro Zone Plunges into Trade Deficit in Dec. Friday, 15 Feb 2008 | 5:37 AM ET

    The euro zone swung into a trade deficit in December as the euro remained strong, with exports flat and imports growing fast, the European Union's statistics office said on Friday.

  • IMF Head Sees China Economy Up 10%, Urges Yuan Rise Thursday, 14 Feb 2008 | 11:27 PM ET

    China's economy is likely to grow around 10 percent this year despite a global slowdown stemming from the U.S. subprime mortgage crisis, Dominique Strauss-Kahn, managing director of the International Monetary Fund, said on Friday.

  • Bernanke's Gloomy Outlook Sparks Valentine's Selloff Thursday, 14 Feb 2008 | 2:09 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    On Tuesday, we had the Warren Buffett rally. On Valentine's Day, it was the Ben Bernanke selloff.

  • Oil Surges on Supply Worries, Economic Data Thursday, 14 Feb 2008 | 1:01 PM ET
    Oil Pump

    Oil prices soared $1.50 to near $95 a barrel on Thursday, supported by supply concerns and better-than-expected economic data from the United States and Japan, the largest and third-largest oil consumers.

  • Dollar Dips as Bernanke Cites Growth Risks Thursday, 14 Feb 2008 | 12:28 PM ET
    Dollars and Euro

    The dollar dipped against the euro and yen Thursday after Federal Reserve Chairman Ben Bernanke said the U.S. economic outlook had worsened and that the central bank would act as needed to support growth.

  • Bernanke Says Fed Ready To Cut Interest Rates Again Thursday, 14 Feb 2008 | 11:06 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed  Chairman Bernanke told Congress the country's economic outlook has deteriorated and signaled that the central bank is ready to keep lowering rates.

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