Even before tougher sanctions against Russia hit the books, the country faces potential hits as investors turn their backs on its financial assets.» Read More
President Bush on Friday called for about $145 billion worth of tax relief and other incentives to stimulate a sagging economy and fend off a possible recession.
The dollar fell against the euro on Thursday as strong German business confidence data andtough inflation comments by a European Central Bank policy-maker dashed hopes for a near-term interest rate cut in the euro zone.
On the Ford 4th quarter earnings conference call, CEO Alan Mulally confirmed what we expected (more buyouts for Ford's hourly workers) and made it clear, this may not be the end of the cuts.
The threats of terrorism and the reliance on the drug trade loom over Afghanistan daily, but as development of basic infrastructure progresses, Finance Minister Anwar ul-Haq Ahady says the government is hoping to lure investment in its natural resources.
The Bank of England has room to manoeuvre on interest rates but policy appropriate for the U.S. economy may not be suitable here, British finance minister Alistair Darling told parliament said on Thursday.
Asian markets ended mostly higher Thursday, lifted by banks and financials. Japan and South Korea both closed 2 percent higher with Australia finishing almost 3 percent higher, buoyed by a Wall Street rebound on optimism that a rescue for U.S. bond insurers may be in the making.
German corporate sentiment unexpectedly rose in January, a leading survey showed on Thursday, bolstering policymakers' assertions that the euro zone economy can withstand turmoil in financial markets.
Euro zone growth could come in below 2 percent this year, European Central Bank Governing Council member Klaus Liebscher was quoted as saying on Thursday, but the region is better off than the United States.
Exports to the United States have fallen and sentiment among Japanese manufacturers has hit a two-year low, clouding the outlook for Japan's export-reliant economy amid financial market mayhem that has prompted talk of a cut in interest rates.
China's economy grew 11.4% in 2007, the fastest pace in 13 years, but slowed in the final months of the year as global demand weakened and measures to curb inflation and bank lending started to bite.
China overtook the United States as Japan's biggest export destination in 2007 for the first time in modern history, a symbolic move that has softened the impact of a deepening U.S. slowdown on the Japanese economy.
It's a pretty straight forward question, and one I hear more and more people asking: Is now the time to buy a new car or truck? The deals are far from spectacular (avg. domestic incentive last month was $3,654, and the Average Asian brand incentive was $1,625) and given the shaky market and economy...
The key to getting any real value out of the meeting is to look past the press releases, the pronouncements, the heart-tugging speeches, and the lofty, almost new age promises of the event's themes. The best takeaway may be to try and figure out those areas where participants seem to be in strong agreement, and then position portfolios for the opposite.
Forget a half-point cut. Wall Street is now speculating that the Fed will lower rates another three-quarters of a point next week.
ECB President Trichet appears to shun an interest rate cut in favor of fighting inflation, contributing to another round of selling in global stock markets.
The sword-catchers are out there. There is a rotation going on: out of tech, pharma, commodities and into retail, financial. Funny day as it's another day of strong performance from the two most heavily shorted groups--financials and retailers. Again, clearly related to short covering, because these are the two most heavily shorted groups on the Street.
Oil fell below $88 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.
Vague rumors are again moving markets today. Europe is weak (down 5 percent) on concerns of additional losses from major banks, as well as the failure of Europe to cut rates. Thank you, Apple, because you have reminded us of something the bears keep bringing up: that we are faced with three weeks of potentially difficult earnings guidance.
The slowing economy will not sink into an election-year recession and an economic rebound is likely beginning next year, the CBO forecast Wednesday.
There was a time when many thought Europe and the rest of the global economy might finally be able to withstand a downturn in the US. So much for wishful thinking. The spectre of a recession on top of a malignant credit crunch is the talk of the town.
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