World Economy


  • Asian Stocks Rebound on US Outlook Friday, 25 Jan 2008 | 5:09 AM ET

    Asian markets ended a volatile week with a firm rally on Friday, which brought most of the major indexes back to Monday's opening levels. A U.S. tax stimulus package, reassuring jobs data and the prospect of another Federal Reserve rate cut buoyed investor sentiment.

  • Fukui Talks Low Rates Despite Japan Inflation Thursday, 24 Jan 2008 | 10:16 PM ET

    Bank of Japan Governor Toshihiko Fukui pledged on Friday to keep monetary conditions loose, reinforcing market expectations that rates will stay low, even as government data showed inflation at its highest in a decade.

  • South Korea's Economic Growth Tops Forecasts Thursday, 24 Jan 2008 | 7:27 PM ET

    South Korea's economy grew more than expected in the fourth quarter as capital investment picked up, data showed on Friday, but fears of a slowdown were mounting due to deepening troubles in the U.S. economy.

  • What People Are Talking About in Davos Thursday, 24 Jan 2008 | 5:30 PM ET

    Tony Blair and Bill Gates have been doing their best to bring the Davos agenda back to the longer-term issues of climate change and development, but let’s face it, in the current U.S. economic climate, the slowdown in the U.S. (not to mention the 'R' word) has dominated the talk here.

  • Congress Unveils Deal for Tax Rebates Thursday, 24 Jan 2008 | 4:48 PM ET
    Tax Refund Check

    Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.

  • Stimulus Package Debate: Not Over By A Long Shot Thursday, 24 Jan 2008 | 4:44 PM ET

    I woke up Wednesday morning in Washington DC, where economic crisis, which in turn means political crisis, was in the air. Fed Chairman Bernanke had cut rates the day before and helped calm financial markets. But the White House and Congress wanted to do more. Republican and Democratic leaders, who normally have guns drawn on each other, were huddling behind closed door.

  • Stimulus Plan: What's In and What's Out Thursday, 24 Jan 2008 | 4:16 PM ET

    Congressional leaders have a tentative deal for a bipartisan economic stimulus package that could move swiftly through Congress.  What's in it and what's out?

  • And What is the ECB Waiting For?!?!?! Thursday, 24 Jan 2008 | 4:13 PM ET

    Ok, now we've got that emergency rate cut from the Fed AND the full 75 bp the markets wanted...

  • Stocks Close Higher For Second Day in Row Thursday, 24 Jan 2008 | 2:50 PM ET

    Stocks closed higher for the second straight day on positive signs for the economy and strong earnings report.

  • Oil Above $89, Boosted by Stimulus Package Thursday, 24 Jan 2008 | 2:34 PM ET
    Oil Barrels

    U.S. crude oil futures rose further to trade above $89 Thursday afternoon after details of tentative agreement for an economic stimulus package to stave off a recession reached by the White House with Congress became known.

  • Recession? Jobs Report Signals Stronger Economy Thursday, 24 Jan 2008 | 11:57 AM ET

    Weekly jobless claims for the second week appeared to defy the conclusion that conditions in the labor market are pointing to a recession.

  • Bush Calls for $145 Billion In Tax Relief for Economy Thursday, 24 Jan 2008 | 11:37 AM ET
    President Bush ocomments on the US Economy from the White House, with Vice President Dick Cheney, left, and Treasury Secretary Henry Paulson, right.

    President Bush on Friday called for about $145 billion worth of tax relief and other incentives to stimulate a sagging economy and fend off a possible recession.

  • Hawkish ECB Official Pushes Euro Up vs. Dollar Thursday, 24 Jan 2008 | 11:35 AM ET
    Dollar and Euro

    The dollar fell against the euro on Thursday as strong German business confidence data andtough inflation comments by a European Central Bank policy-maker dashed hopes for a near-term interest rate cut in the euro zone.

  • Ford Update: CEO Mulally Says More Job Cuts Likely Thursday, 24 Jan 2008 | 11:04 AM ET

    On the Ford 4th quarter earnings conference call, CEO Alan Mulally confirmed what we expected (more buyouts for Ford's hourly workers) and made it clear, this may not be the end of the cuts.

  • Afghanistan: Courting Capital in a Hot Spot Thursday, 24 Jan 2008 | 8:14 AM ET

    The threats of terrorism and the reliance on the drug trade loom over Afghanistan daily, but as development of basic infrastructure progresses, Finance Minister Anwar ul-Haq Ahady says the government is hoping to lure investment in its natural resources.

  • BoE has 'Room for Manoeuvre' on Rates: UK's Darling Thursday, 24 Jan 2008 | 7:57 AM ET

    The Bank of England has room to manoeuvre on interest rates but policy appropriate for the U.S. economy may not be suitable here, British finance minister Alistair Darling told parliament said on Thursday.

  • Asian Markets End Higher as Banks Gain Thursday, 24 Jan 2008 | 6:46 AM ET

    Asian markets ended mostly higher Thursday, lifted by banks and financials. Japan and South Korea both closed 2 percent higher with Australia finishing almost 3 percent higher, buoyed by a Wall Street rebound on optimism that a rescue for U.S. bond insurers may be in the making.

  • German corporate sentiment unexpectedly rose in January, a leading survey showed on Thursday, bolstering policymakers' assertions that the euro zone economy can withstand turmoil in financial markets.

  • Euro Zone Better off than the US: ECB's Liebscher Thursday, 24 Jan 2008 | 3:27 AM ET

    Euro zone growth could come in below 2 percent this year, European Central Bank Governing Council member Klaus Liebscher was quoted as saying on Thursday, but the region is better off than the United States.

  • Japan Exports Soft, Business Mood Dips Thursday, 24 Jan 2008 | 12:35 AM ET

    Exports to the United States have fallen and sentiment among Japanese manufacturers has hit a two-year low, clouding the outlook for Japan's export-reliant economy amid financial market mayhem that has prompted talk of a cut in interest rates.

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