World Economy


  • Bhutto Death, Economy Shake Up '08 White House Race Friday, 28 Dec 2007 | 5:21 PM ET

    The assassination of Benazir Bhutto in Pakistan immediately echoed through the U.S. presidential campaign, allowing various candidates to emphasize their national security credentials. ... But for now, the issue that has risen most rapidly in the 2008 debate is the weakening economy.

  • Stocks Close Flat After Volatile Session Friday, 28 Dec 2007 | 2:45 PM ET

    Stocks finished little-changed after another up-and-down session.

  • Dollar Slides on Weak Housing Data Friday, 28 Dec 2007 | 2:20 PM ET
    Dollar and Euro

    The dollar fell across the board Friday as data showing a 9 percent decline in sales of new U.S. homes last month heightened concern about the economy, putting the greenback on track for its worst week in more than a year.

  • The Yugo's Next Life (We're Serious) Friday, 28 Dec 2007 | 1:12 PM ET

    For sale: Auto company with a colorful, if unspectacular, track record. Located in the fast-growing Eastern Europe market, with plenty of capacity for building new models. The prize property on the block? Yugo! Yes, that Yugo!

  • Pakistan's Instability Poses Fresh Investment Risks Friday, 28 Dec 2007 | 12:57 PM ET
    Benazir Bhutto

    Pakistan's brief period as a destination for adventurous investors seems over for now, as the killing of opposition leader Benazir Bhutto brings fresh instability to an already volatile nuclear-armed nation.

  • Oil Closes Lower, at $96 a Barrel, on Profit-Taking Friday, 28 Dec 2007 | 12:32 PM ET

    Oil prices fell in late trading to close lower after being up most of the day on U.S. supply concerns, the slumping dollar and mounting tensions in Pakistan and northern Iraq.

  • Midwest Business Robust, but Jobs Growth Weak Friday, 28 Dec 2007 | 9:54 AM ET
    Manufacturing Cars

    Business activity in the U.S. Midwest expanded in December at a faster rate than expected, a report showed Friday.

  • European Stocks Lower, Banks Fall Friday, 28 Dec 2007 | 9:42 AM ET

    European shares were broadly lower Friday, as weakness in banking stocks dampened investor sentiment, but U.S. stocks made firm gains at the open on the Wall Street.

  • World Stocks Signal Recovery After Bhutto Death Friday, 28 Dec 2007 | 8:19 AM ET
    Benazir Bhutto

    Buyers hesitantly returned to stocks. But a flight to quality after the murder of Pakistani opposition leader Bhutto kept gold up, while oil also rose.

  • Asian Shares End Lower, Rattled by Bhutto Friday, 28 Dec 2007 | 6:18 AM ET
    Benazir Bhutto

    Most Asian markets closed lower Friday  as investors were rattled by the assassination of Pakistan opposition leader Benazir Bhutto, and data pointed to continuing economic weakness in the United States.

  • UK House Prices Fall Again in December Friday, 28 Dec 2007 | 2:45 AM ET

    British house prices fell for a second straight month in December, taking the annual rate of  inflation down to its lowest since May 2006, a survey showed on Friday, in further evidence of a housing market slowdown.

  • Bhutto Killing Worries Pakistan Investors, Markets Thursday, 27 Dec 2007 | 6:58 PM ET

    Benazir Bhutto's killing will boost perceived risk in nuclear-armed Pakistan, analysts warned, but some said it was not in itself surprising enough to substantially change investor sentiment.

  • World Markets Measure Fallout from Bhutto Death Thursday, 27 Dec 2007 | 3:15 PM ET
    Benazir Bhutto

    Analysts say the shock of the Bhutto news triggered a classic capital flight to assets that are considered safe havens in times of geopolitical stress.

  • Oil Near $97 on Bhutto Killing, Supply Drop Thursday, 27 Dec 2007 | 2:19 PM ET

    Oil rose past $97 a barrel before pulling back to just below that mark Thursday, as U.S. crude stocks fell and geopolitical tension mounted after the killing of Pakistani opposition leader Benazir Bhutto.

  • Consumer Confidence Up Slightly in December Thursday, 27 Dec 2007 | 10:06 AM ET

    U.S. consumer confidence rose slightly in December with a marginal improvement in the outlook for business conditions, employment and inflation, according to a private report on Thursday.

  • Durable Goods Orders Weaker Than Expected Thursday, 27 Dec 2007 | 8:45 AM ET
    Hundred Dollar

    Weak durable goods orders last month fueled concern on Thursday over the resilience of the U.S. economy to the country's steep housing slump.

  • US Mortgage Applications Sink to Year Low Thursday, 27 Dec 2007 | 7:12 AM ET

    U.S. mortgage applications sank last week to the lowest level since the end of last year despite falling borrowing costs, an industry trade group said Thursday.

  • Asian Markets Close Mixed, Japan Ends Down Thursday, 27 Dec 2007 | 4:13 AM ET

    Asian closed mixed, with some boosted by resources companies such as BHP Billiton as oil and commodities prices firmed. But Tokyo closed down, staying on course to end the year as the world's worst performing major stock market.

  • Huckabee's Choice: Populist or Fiscal Conservative? Wednesday, 26 Dec 2007 | 6:28 PM ET

    Every political underdog who breaks through faces a choice: keep doing what worked for a long shot, or shift tactics in reaching for a victory that suddenly appears possible? Mike Huckabee, the former Arkansas governor and Baptist minister, faces that choice right now.

  • Dollar Slides Against Euro in Thin Trade Wednesday, 26 Dec 2007 | 4:55 PM ET
    Dollar and Yen

    The U.S. dollar slid against the euro in thin trade Wednesday while the yen traded near seven-week lows as investors continued to fund carry trades by borrowing the Japanese currency.

Contact World Economy


    Get the best of CNBC in your inbox

    › Learn More