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  • Asian Stocks End Mixed after Volatile Moves Thursday, 17 Jan 2008 | 7:01 AM ET

    Asian stocks closed mixed after a volatile trading session Thursday as investors flitted between profit-taking and bargain-hunting. Japan finished 2 percent higher -- it was down almost 1 percent at one point -- but Australia closed lower for the ninth straight session.

  • Fed's Chairman Appears Open To Stimulus Package Thursday, 17 Jan 2008 | 6:35 AM ET
    Ben Bernanke

    Fed Chairman Bernanke has indicated he is open to congressional and White House efforts to develop a rescue package to avert a recession.

  • Euro Zone Nov. Trade Surplus Dips to $3.8 Billion Thursday, 17 Jan 2008 | 5:26 AM ET

    The euro zone's trade surplus shrank more than expected in November amid a strong euro as imports grew faster than exports, the European Union's statistics office said on Thursday.

  • China Says Price Controls Will Not Distort Market Wednesday, 16 Jan 2008 | 11:33 PM ET

    China's recently introduced price controls are aimed at stabilizing inflationary expectations and will not distort the market economy, planning officials said on Thursday.

  • Australia's Jobless Rate Falls in December Wednesday, 16 Jan 2008 | 9:18 PM ET

    Employment in Australia recorded another solid rise in December while the jobless rate fell by  more than expected, underlining a domestic case for a rise in interest rates, even as a troubled global outlook argued against one.

  • Economic Stimulus Plan Gains Traction in Congress Wednesday, 16 Jan 2008 | 3:46 PM ET
    Shopper with bags

    Democratic and Republican leaders of the U.S. House  agreed to develop a bipartisan economic stimulus plan to help avert a possible recession.

  • Dollar Gains on Lower Euro Zone Growth Forecast Wednesday, 16 Jan 2008 | 3:43 PM ET

    The euro plunged against the U.S. dollar after a European Central Bank official told Bloomberg News the central bank may revise down its euro zone growth forecasts for 2008.

  • Bernanke: Stimulus Plan Needed for Economy Wednesday, 16 Jan 2008 | 2:34 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Federal Reserve Chairman Ben Bernanke wants Congress to act quickly to pass an economic stimulus package, Sen. Charles Schumer told CNBC.

  • Fed's Beige Book: Economy Continues to Weaken Wednesday, 16 Jan 2008 | 2:06 PM ET

    The U.S. economy continued to grow in the final weeks of the fourth quarter but the paceof activity slackened amid subdued holiday spending and a weak housing sector.

  • ECB's Mersch Expects Euro-Zone Slowdown: Report Wednesday, 16 Jan 2008 | 12:13 PM ET

    There are downside risks to euro zone growth and the European Central Bank will remain flexible on interest rates, Governing Council member Yves Mersch was quoted as saying on Wednesday.

  • Oil Eases Below $90 as Crude Stocks Grow Wednesday, 16 Jan 2008 | 12:02 PM ET
    Oil Pump

    Oil slid more than $2 to below $90 on Wednesday, for the first time since mid-December, due to a large rise in crude stocks in the United States amid signs that slowing U.S. economic growth will erode fuel demand.

  • Asian Markets Sink on US Recession Fears Wednesday, 16 Jan 2008 | 5:07 AM ET

    Asian markets took a severe beating Wednesday on growing concern the U.S. economy would slump into a prolonged recession. Hong Kong's Hang Seng ended 5.4 percent lower and Japan's Nikkei index plunged over 3 percent. Even the best performing of the benchmark indexes, the Bombay Sensex, suffered a loss of 1.8 percent.

  • UK House Prices Fall at Fastest Rate Since 1992: RICS Wednesday, 16 Jan 2008 | 4:07 AM ET

    British house prices fell in December at their fastest rate since the recession of the early 1990s, a survey showed on Wednesday, raising fears the country's once buoyant housing market is heading for a sharp downturn.

  • Australian Consumer Sentiment Sours in January Tuesday, 15 Jan 2008 | 10:44 PM ET

    Australian consumer sentiment soured in January as rising petrol prices and borrowing costs combined with sliding equities and global gloom to take the gloss off an otherwise robust economy, a survey showed on Wednesday.

  • Japan Machinery Orders Fall Less Than Expected Tuesday, 15 Jan 2008 | 8:50 PM ET

    Japan's core machinery orders fell less than expected in November while wholesale inflation was higher, but the data did little to alter views the Bank of Japan will hold back on raising interest rates this year.

  • Economic Reality "Bites" The Presidential Candidates Tuesday, 15 Jan 2008 | 4:26 PM ET

    Received political wisdom is running smack into economic reality. It’s not yet clear which force will prove more powerful. For presidential contenders, the collision takes place in Michigan, Nevada and South Carolina.

  • As crude hit $100 a barrel, I thought about slapping a “For Sale” sign on my car rather than taking one more painful trip to the gas station. I hear wonderful things about public transportation. Meeting new people, smelling new smells.

  • Consumer Spending: Now Down To Just A "Trot?" Tuesday, 15 Jan 2008 | 3:55 PM ET

    Anecdotal evidence that the U.S. consumer's marathon spending spree may be slowing to a trot increases daily. By some measures, the U.S. consumer makes up about 19 percent of the world economy and 70 percent of the U.S. economy, so the health of American consumption is key.

  • Oil Slides Below $92 on US Economy Concerns Tuesday, 15 Jan 2008 | 12:00 PM ET
    Oil Refinery in California

    Oil fell more than $2 a barrel to belwo $92 on Tuesday after data showed a decline in U.S. retail sales, adding to concern that the world's top fuel consumer is heading into a recession.

  • Euro Stocks End Lower on Retail, Banks Tuesday, 15 Jan 2008 | 11:59 AM ET

    European markets ended sharply lower Tuesday, tracking U.S. stocks, which were dragged down by weak retail sales and an announcement by Citigroup of a bigger-than-expected fourth-quarter loss of $9.83 billion.

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