Nelson Mandela leaves behind a country in better economic shape than it was under white minority rule, but there are storm clouds on the horizon.» Read More
Stocks show signs of weakness ahead of the open today after yesterday's disappointing real-estate data snuffed out the Dow's five-day winning streak. Asian markets were lower overnight, and Europe's major markets are mostly higher.
German business sentiment unexpectedly rose in March, with the mood improving in the retail sector as the impact of a new year's sales tax hike appeared to fade, a closely watched survey showed on Tuesday.
Despite concern over the U.S. economy, European finance ministers stuck to forecasts of solid economic growth in their part of the world this year as a second day of policy talks got underway in Brussels on Tuesday.
Growth in Asia's developing economies should ease to 7.6% in 2007 from last year's 11-year peak as expansion in industrialized nations slows, the Asian Development Bank (ADB) said on Tuesday.
Stocks ended mixed as the major markets bounced off the day's lows following disappointing monthly housing data. "We may see some weakness, but overall we like the market. I think the direction is going to be higher," said Sebastian Leburn, chief investment officer at Weiss Capital Management, in an interview with CNBC.com.
The U.S. dollar was largely flat against the euro and yen Monday, erasing earlier gains, after a government report showed sales of new homes fell to a seven-year low in February.
Sales of new U.S. homes fell 3.9% in February to the lowest rate in nearly seven years while the number of new homes on the market grew, according to a government report on Monday that showed more signs of weakness in the housing sector.
Problems in subprime mortgages are not spilling over to the rest of the U.S. housing market, which is in the process of stabilising, Chicago Federal Reserve President Michael Moskow said on Monday.
"A Fund Affair" is a brand new column that focuses on mutual funds available in Asia. Each week, we will highlight one fund we think is interesting -- whether because it's invested in a hot market, has a niche appeal or simply has been in the news of late.Our inaugural column features the Aberdeen Asset Management's India Opportunities Fund. Why this fund? A hot topic of debate of late has been the outsourcing of business processes to India. India's benefited from these many contracts. So we decided to explore what India and its economy has to offer the investor and how well Indian companies have performed of late.
Core U.S. inflation is likely to drop to 2% from about 2.25%, but pushing it below that may require higher interest rates, Federal Reserve Governor Frederic Mishkin said on Friday.
Stocks closed slightly higher Friday, finishing a week with gains of more than 3% in major market indices. "I like to see this pretty tight trading range; the fact that we've been able to hold on to these gains is healthy," Craig Columbus, chief market strategist at Advanced Equities Asset Management, told CNBC.com.
Aditya Mittal thinks the global economy is strong as, well, steel. He's the chief financial officer of Arcelor Mittal, and he gave his outlook on the alloy industry to CNBC's Maria Bartiromo, on location in London.
The pace of U.S. existing home sales unexpectedly rose in February, increasing 3.9% to a 6.69 million-unit annual rate as mild weather spurred home buying, the National Association of Realtors said.
Stocks closed near the unchanged mark as investors pulled money out of the tech sector and moved into energy stocks. "With the recent volatility that we've had, investors are taking a closer look at their portfolios and they're a little more cautious," said Ron Papanek, a strategist with RiskMetrics Group.
Turbulence in the U.S. market for high-risk mortgages is not likely to have a long-lasting effect on broader credit markets, New York Federal Reserve President Timothy Geithner said on Friday.
Recent data on U.S. inflation has not shown price pressures abating, and the Federal Reserve needs to stay vigilant, Philadelphia Federal Reserve Bank President Charles Plosser said on Friday.
The dollar rose modestly against european currencies and pared its losses against the yen after data showed that U.S. existing home sales rose in February, beating expectations for a decline from the previous month.
Need some advice about where housing is going? Ask the experts -- but don't be surprised if you get very different perspectives. Two senior economists argued over the home-building outlook, on "Power Lunch."
The dollar rose sharply, recouping the prior session's decline, on the view that the Federal Reserve may hold rates steady for some time.
The number of Americans filing new claims for jobless benefits unexpectedly fell 4,000 last week to its lowest in six weeks, government data showed on Thursday in a report underscoring a healthy labor market.