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  • ECB Leaves Interest Rate Flat at 4% Thursday, 10 Jan 2008 | 9:15 AM ET

    The European Central Bank left interest rates unchanged on Thursday amid continuing uncertainty regarding the outlook for the economy.

  • Sales Outpaced Inventories in November, Led by Oil Thursday, 10 Jan 2008 | 8:35 AM ET
    Gas Pump

    Inventories at U.S. wholesalers rose 0.6 percent in November, but they did not keep pace with sales, which saw the biggest monthly increase in more than two years on rising petroleum prices, the government reported Thursday.

  • BoE Leaves Rates on Hold, February Cut Expected Thursday, 10 Jan 2008 | 8:00 AM ET

    The Bank of England left interest rates on hold at 5.5 percent Thursday, despite clear signs of weakness in the retail and housing sectors.

  • Bank of England May Pause for Breath Thursday, 10 Jan 2008 | 5:28 AM ET

    The Bank of England is likely to hold interest rates steady at 5.5 percent when it meets Thursday, analysts told CNBC.com, but it looks set to resume its monetary-easing strategy in February.

  • Asian Stocks End Lower on US Recession Fears Thursday, 10 Jan 2008 | 4:58 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 were mostly lower in the afternoon session Thursday, on worries about global growth after Goldman Sachs forecast a U.S. recession this year. Both Japan and South Korea closed over 1 percent lower.

  • The ECB's Year of the Rat Thursday, 10 Jan 2008 | 3:47 AM ET

    The European Central Bank seems to have little choice but to keep rates on hold this time as well, despite rising inflation. Money markets are still not back to normal and there are signs of a weakening economy.

  • Dollar Rises After Poole says Recession Not Definite Wednesday, 9 Jan 2008 | 2:59 PM ET
    Dollar and Euro

    The dollar climbed Wednesday following comments from a Federal Reserve official who said it would be a mistake to say a U.S. recession is at hand.

  • Oil Falls Back Below $96 Despite Big Drop in Supplies Wednesday, 9 Jan 2008 | 2:55 PM ET

    Oil climbed within reach of $98 a barrel on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries over a U.S. recession this year.

  • Goldman Sachs today joins a growing roster of Wall Street firms, who say the U.S. economy will fall into recession this year. Watch for more reductions in stock price and earnings forecasts to follow.

  • European Central Bank Rate Decision Timeline Wednesday, 9 Jan 2008 | 11:09 AM ET

    This is a timeline of the European Central Bank's rate decisions for 2007.

  • Slumping Stock Market May Crack US Consumer Wednesday, 9 Jan 2008 | 10:28 AM ET

    The stock market may be the deciding factor in whether the U.S. economy tips into a consumer-driven recession this year.

  • U.S. Slowdown Hitting European Markets? Wednesday, 9 Jan 2008 | 9:49 AM ET

    U.K. markets down 1.5 percent on disappointing results from retailer Marks & Spencer (down 20 percent in the U.K.) and vague concerns that the U.S. slowdown may be spreading to Europe. Yesterday a confluence of events, including comments from AT&T about slowing consumer business, and poor commentary from Circuit City and Brinker, added to the poor sentiment.

  • Two Fed Officials Hint More Rate Cuts May Be Coming Wednesday, 9 Jan 2008 | 8:09 AM ET
    The Federal Reserve headquarters in Washington, DC.

    Fed officials from opposite ends of the ideological spectrum had a similar message Tuesday -- that further rate cuts could lie ahead.

  • Asian Markets End Higher After Late Rally Wednesday, 9 Jan 2008 | 5:40 AM ET

    Asian markets rebounded in the afternoon session Wednesday after initially falling to three-week lows on the back of Wall Street's dismal performance Tuesday.  Both Japan and South Korea clawed back into positive territory to finish the session stronger.

  • China to Intervene to Curb Consumer Inflation Wednesday, 9 Jan 2008 | 5:12 AM ET

    China's cabinet said on Wednesday that it would temporarily intervene in the market to curb price rises or basic necessities like food, underlining its concern over mounting inflationary pressures.

  • Oil Gains on Supply Worries, Nigeria Unrest Tuesday, 8 Jan 2008 | 2:24 PM ET
    Oil Pipeline in Germany

    Oil halted a three-day slide to rise above $97 a barrel on Tuesday, lifted by a threat of violence in Nigeria's oil region and expectations of a further drop in crude stocks in top consumer the United States.

  • PIMCO's Gross Sees Fed Funds at 3% by Midyear Tuesday, 8 Jan 2008 | 2:13 PM ET
    Bill Gross

    The Federal Reserve will cut lending rates aggressively in the first half of 2008 as the United States faces a possible recession, PIMCO fund manager Bill Gross said in an investment outlook posted on Tuesday.

  • Yen Tumbles as High Yielding Currencies Gain Tuesday, 8 Jan 2008 | 11:30 AM ET
    Exchanging Dollars and Euros

    The yen retreated across the board Tuesday as investors waded back into risky carry trades, sparked by gains in global equities and a rise in commodity prices.

  • Paulson on 'Squawk': Housing, China and Fly-Fishing Tuesday, 8 Jan 2008 | 10:26 AM ET

    Treasury Secretary Henry Paulson discusses the dollar, the housing market, China and fly-fishing with the Squawk Box news team. 

  • Oil At $100: World Events May Already Be Priced In Tuesday, 8 Jan 2008 | 10:14 AM ET
    Oil Refinery

    Did you notice the scuffle between Iranian and American forces in the Strait of Hormuz over the weekend? Oil traders apparently did not. News that--in the past--would have sent crude futures rocketing higher.

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