China's economy overtook Japan's in 2010, but analysts told CNBC China still lags Japan in terms of the quality of its growth.» Read More
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.
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 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.
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.
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.
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 posted a stronger-than-expected gain and prices at the wholesale level jumped up significantly in September.
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.
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 stocks ended the week in negative territory, pulling back from record highs after a weeklong rally.
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.
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.
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.
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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.
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 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.
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.
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 growth turned out better than expected in the first quarter, making the second-quarter slowdown more pronounced, revised data showed on Thursday.
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