World Economy


  • Asian Stocks End Lower on Economic Concerns Thursday, 3 Jan 2008 | 5:12 AM ET

    Asian stock indexes finished lower across the board Thursday, with the exception of the Shanghai Composite Index, as investors were spooked by the surprise contraction in U.S. manufacturing, and the impact of record oil prices on global growth.

  • Orphanides: ECB Ready to Raise Rates if Needed Thursday, 3 Jan 2008 | 3:19 AM ET

    The European Central Bank would be ready to raise interest rates again if necessary, new ECB Governing Council member Athanasios Orphanides said in a German newspaper interview published on Thursday.

  • $100 A Barrel Oil: One Broker Made History For Us All? Wednesday, 2 Jan 2008 | 5:35 PM ET

    One maverick floor broker made the play that pushed the price of oil to $100 on the first trading day of 2008. He bought a single contact, just one lot for a mere 1,000 barrels of crude at that triple-digit mark, and made history.

  • Oil At $100 A Barrel: Here To Stay Or Gone Tomorrow? Wednesday, 2 Jan 2008 | 5:31 PM ET

    Oil's rise to $100 per barrel and beyond is likely to continue for awhile, but the duration of the run will be ultimately be determined by geopolitical events more than current supply expectations.

  • Text: FOMC Minutes Wednesday, 2 Jan 2008 | 3:15 PM ET

    The text of the minutes released January 2, 2008 from a Federal Open Market Committee meeting held on December 11. 2007.

  • Oil Closes at Record $99.62 After Hitting $100 a Barrel Wednesday, 2 Jan 2008 | 2:59 PM ET
    Locals ride a canoe past oil instalations belonging to the Mobil oil company in Bonny Island, Nigeria, Thursday, Aug. 17, 2006. Militant groups using kidnappings and sabotage attacks to press their demands for a share of the region's oil wealth, which they accuse the central government of stealing, have made southern Nigeria a volatile place. (AP Photo/George Osodi)

    Oil closed at a record $99.62 a barrel after briefly hitting $100, as violence in Nigeria, tight energy stockpiles and a weaker dollar triggered a surge of speculative buying.

  • Fed Minutes: Credit Crunch Hurting Economic Growth Wednesday, 2 Jan 2008 | 2:44 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Fed members worried last month that a credit crunch could sharply brake economic growth and require big  rate cuts, minutes of the December meeting show.

  • Euro Stocks End Lower on US Data Wednesday, 2 Jan 2008 | 12:19 PM ET

    European shares ended the first day of trading in 2008 on a negative note Wednesday, as worries over global growth -- exacerbated by evidence of a contraction in U.S. manufacturing -- overshadowed news of consolidation in the banking sector.

  • Dollar Falls vs. Euro on US Manufacturing Slump Wednesday, 2 Jan 2008 | 11:52 AM ET

    The dollar fell Wednesday, hitting a one-month low against the yen, after a gauge of the U.S. manufacturing sector last month tumbled to its lowest level since April 2003, increasing expectations for more Federal Reserve interest rate cuts.

  • Chevy Malibu 2008

    Maybe it's because of the Iowa caucus' taking place Wednesday night. Maybe it's because at the start of a new year, it's a good time to make predictions. Or maybe it's because the auto show season is about to kick off with the automakers putting out their visions for the future. Whatever the reason, I think today is the day to ask YOU which automaker has the most to show, prove, gain, lose in 2008?

  • Manufacturing Worsens, While Construction Improves Wednesday, 2 Jan 2008 | 10:08 AM ET

    U.S. factory activity contracted in December, ending 10 consecutive months of expansion, with activity falling to its weakest since April 2003, according to an industry report released Wednesday.

  • ECB to Drain as Much as $294.42 Billion from Markets Wednesday, 2 Jan 2008 | 7:53 AM ET

    After pumping in billions of euros to banks eager for cash in December, the European Central Bank on Wednesday said it would -- as expected by money markets -- remove much of that money.

  • Asian Stocks Close Lower on US Worries Wednesday, 2 Jan 2008 | 4:20 AM ET

    Asian markets kicked off the new year under pressure on worries about a slowing global economy. But oil and gold prices continued to edge higher approaching record highs.

  • Singapore Economy Shrank Unexpectedly In 4th Quarter Tuesday, 1 Jan 2008 | 10:59 PM ET

    Singapore's trade-driven economy shrank for the first time since 2003 in the fourth quarter as weak manufacturing dragged on growth and momentum is expected to weaken further in 2008.

  • China's Economy, Inflation Seen Slowing This Year Tuesday, 1 Jan 2008 | 7:53 PM ET

    China's economic growth and consumer price inflation are expected to slow moderately thisyear as cooling policies take effect and food supplies increase, a major government research institute forecast on Wednesday.

  • Dollar Up vs, Euro, Down vs Yen as '07 Ends Monday, 31 Dec 2007 | 4:30 PM ET
    Exchanging Dollars and Euros

    The dollar rallied against the euro but slipped against the yen in the final trading day of 2007 Monday, though dealers resisted making big bets until volume increases after New Year's Day.

  • Oil Closes Flat at $96 in Thin Trade Monday, 31 Dec 2007 | 2:57 PM ET

    U.S. crude futures finished a volatile session slightly lower, slipping from an earlier high in thin, pre-holiday trading as traders squared books at year's end and January products futures contracts approached expiration.

  • Pakistan to Delay Elections at Least Four Weeks Monday, 31 Dec 2007 | 11:24 AM ET
    Benazir Bhutto

    Pakistan will delay parliamentary elections by at least four weeks after a wave of violence triggered by the assassination of Benazir Bhutto.

  • Euro Stocks Close 2007 Flat Monday, 31 Dec 2007 | 8:33 AM ET

    European equities ended flat on Monday in thin trade as key markets stayed closed, with the region notching a slender gain of 1.5 percent in 2007, its worst performance since 2002 as a credit crunch whacked stocks.

  • European Stocks Will Rely on Banks in 2008 Monday, 31 Dec 2007 | 8:27 AM ET

    European stocks had a turbulent second half in 2007 and are still in largely in recovery mode as the year draws to an end.

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