World Economy


  • NZ Inflation Cools, Kiwi Drops from 11-Week High Monday, 15 Oct 2007 | 12:03 AM ET

    Annual inflation in New Zealand unexpectedly fell to three-year lows in the third quarter, knocking the currency off 11-week highs but supporting the view that the central bank will keep interest rates on hold.

  • On The Road With "Asia Squawk Box" Sunday, 14 Oct 2007 | 5:25 PM ET

    All this week, CNBC's "Asia Squawk Box" is on the road in New Zealand. "Asia Squawk Box" will take a look at all things Kiwi -- its economy, the booming tourism industry, New Zealand's growth as a film locale and post production facility, its wining and dining exports and much more.

  • Oil Closes at Record High of $83.69 Friday, 12 Oct 2007 | 5:47 PM ET
    Oil Pipeline

    Oil hit a record above $84 per barrel on Friday, amid mounting tensions between Turkey and northern Iraq and lingering supply concerns ahead of the Northern Hemisphere winter.

  • Dollar Higher on Strong U.S. Retail Sales Friday, 12 Oct 2007 | 4:41 PM ET
    Dollar and Euro

    The dollar snapped a three-day decline against the euro and gained on the yen Friday, as solid September retail sales suggested U.S. consumers continue to spend despite a weak housing sector.

  • Rich Keep Getting Richer Friday, 12 Oct 2007 | 2:17 PM ET

    The gap between America's richest and poorest is at its widest in at least 25 years, with the wealthiest taking home a record share of the nation's income that exceeds even the previous high in 2000.

  • Consumer Sentiment Edges Lower in October Friday, 12 Oct 2007 | 10:35 AM ET

    U.S. consumer sentiment fell slightly in early October to its lowest in more than a year as uncertainty grew about the extent of the housing slump, a survey released Friday showed.

  • Retail Sales Post Strong Gain in September Friday, 12 Oct 2007 | 10:18 AM ET
    Shopper with Bloomingdales Bags

    Retail sales posted a stronger-than-expected gain and prices at the wholesale level jumped up significantly in September.

  • Euro-Zone Industrial Output Rose in August Friday, 12 Oct 2007 | 8:49 AM ET

    Euro-zone industrial production rose much more than expected in August, the European Union's statistics office said, raising hopes of continued strong growth despite a rising euro and the global credit crunch.

  • Euro-Zone Growth Resists Turmoil: ECB Friday, 12 Oct 2007 | 8:47 AM ET

    Financial market turbulence has so far failed to dent the euro zone economy and inflation dangers remain, European Central Bank policymakers said on Friday.

  • Asian Markets Close Lower on Profit Taking Friday, 12 Oct 2007 | 5:31 AM ET

    Asian stocks ended the week in negative territory, pulling back from record highs after a weeklong rally.

  • Dollar Steadies vs. Yen, Euro Before Data Friday, 12 Oct 2007 | 2:50 AM ET
    Dollar and Euro

    The dollar steadied against the euro on Friday as investors awaited US economic data that may shed more light on whether the Federal Reserve will continue to cut interest rates.

  • Chunky China Trade Surplus Keeps Yuan in Focus Friday, 12 Oct 2007 | 1:56 AM ET

    China chalked up a trade surplus of $23.91 billion in September, the fourth-largest on record, giving more ammunition to foreign critics who say Beijing has an unfair edge in world markets by keeping the yuan undervalued.

  • Bush Says He Believes in Strong Dollar Policy Friday, 12 Oct 2007 | 1:56 AM ET

    President Bush said in an interview with the Wall Street Journal Thursday that he believes in a "strong dollar policy" and that a trade war with China is not in the US interest.

  • An Open Letter to the Ron Paul Faithful Thursday, 11 Oct 2007 | 7:21 PM ET

    Ed. note: You guys are good. Real good. You are truly a force on World Wide Web and I tip my hat to you.

  • Oil Ranges Near $83 as US Crude Stocks Decline Thursday, 11 Oct 2007 | 5:49 PM ET
    Oil Pipeline

    Oil prices surged as much as $2 on Thursday, approaching the record high, after a surprise decline in U.S. inventories stoked concerns about supplies in the world's top consumer ahead of winter.

  • Hillary Clinton: My "Unshrouded" One On One With Her Thursday, 11 Oct 2007 | 4:37 PM ET

    I traveled to New Hampshire to interview Hillary Clinton today and almost was shrouded in the sort of invisibility cloak familiar to Harry Potter fans. Why? Because up until the last minute technical difficulties led us to believe that instead of two working cameras (one on her and one on me) we would only have one.

  • US Home Foreclosures Fall 8% in September Thursday, 11 Oct 2007 | 1:52 PM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    US home foreclosure filings decreased 8% in September from a 32-month peak in August, though they are still nearly double their year-ago levels, a report said on Thursday.

  • Economy Shows Strength As Jobs, Exports Improve Thursday, 11 Oct 2007 | 10:58 AM ET
    Container werden am 2. August 2007 im Terminal Burchardkai der Hamburg Hafen und Logistik AG (HHLA) in Hamburg verladen. Im Containerterminal Burchardkai wurden 2006 rund 2,9 Millionen Standardcontainer umgeschlagen. Hamburg ist als Nummer neun unter den Top Ten der weltgroessten Containerhaefen. (AP Photo/Kai-Uwe Knoth) 
--- Oversea containers are handled at the container terminal Burchardkai in Hamburg, northern Germany, on Aug. 2, 2007. Hamburg ranks place nine among the world's biggest conta

    The U.S. economy showed signs of resilience according to data released on Thursday, with exports surging to a record in August and a weekly labor market gauge showing the number of longer-term unemployed unexpectedly fell.

  • UK's Darling Says Credit Concerns Easing Thursday, 11 Oct 2007 | 8:49 AM ET

    Credit conditions have eased in the last few weeks, but it is still too early to say when the current troubles in financial markets will end, British Finance Minister Alistair Darling said on Thursday.

  • Euro Zone First-Quarter Growth Better than Expected Thursday, 11 Oct 2007 | 6:40 AM ET

    Euro zone growth turned out better than expected in the first quarter, making the second-quarter slowdown more pronounced, revised data showed on Thursday.

Contact World Economy


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