World Economy


  • Asian Markets End Mostly Higher, US Fears Ease Thursday, 6 Dec 2007 | 5:09 AM ET

    Asian markets closed mostly higher Thursday, as investors were cheered by upbeat U.S. data. Australia, South Korea and Japan all finished higher, but Singapore and China slipped into the red.

  • New Zealand Holds Rates, Seen Steady for Longer Wednesday, 5 Dec 2007 | 7:47 PM ET

    New Zealand's central bank held interest rates steady on Thursday at 8.25 percent as expected, and said it was likely to keep them there for longer than it had previously thought because of increasing inflation concerns.

  • Oil Ends Below $88 Despite Supply Drop Wednesday, 5 Dec 2007 | 5:40 PM ET
    Oil Pipeline

    Oil dropped below $88 per barrel Wednesday, as signs of a U.S. economic slowdown outweighed fears that tight-fisted OPEC policy could spark an energy crunch during the height of the winter heating season.

  • Dollar Gets Lift From Strong U.S. Jobs Report Wednesday, 5 Dec 2007 | 2:04 PM ET

    The dollar rose to a one-month high against a basket of currencies Wednesday after reports showing robust job growth and productivity gains suggested a milder slowdown in the U.S. economy than many had thought.

  • ECB May Get Lonely Wednesday, 5 Dec 2007 | 11:50 AM ET

    With major central banks cutting rates right and left, the European Central Bank risks being the only one fighting the monetary-easing trend. But there seems to be no other option for the ECB.

  • Bank of England Weighs Rate-Cut Dilemma Wednesday, 5 Dec 2007 | 11:21 AM ET

    The Bank of England is still expected to hold interest rates at 5.75 percent on Thursday, but analysts say it is a close call, as expectations shifted towards the possibility of monetary easing following weak economic data.

  • Talk of Euro Intervention Intensifies Wednesday, 5 Dec 2007 | 11:14 AM ET
    Exchanging Dollars and Euros

    Verbal intervention to try to stop the euro's advance is all that exporters will get for the moment, but if the going gets tough things may change, analysts say.

  • Budget Office Sees 'Elevated' Risk of Recession Wednesday, 5 Dec 2007 | 11:10 AM ET

    The United States is at an "elevated" risk of economic recession because of housing woes, faltering confidence within financial markets and high oil prices, the nonpartisan Congressional Budget Office said Wednesday.

  • Service Sector Growth Slips; Factory Orders Jump Wednesday, 5 Dec 2007 | 10:50 AM ET

    Growth in the U.S. service sector slipped in November, indicating some parts of the economy were feeling the effects of the housing downturn and credit market strains, according to a report released Wednesday.

  • Private Sector Jobs Surged 189,000 in November Wednesday, 5 Dec 2007 | 9:03 AM ET
    Help Wanted Sign

    U.S. private employers added 189,000 jobs in November, a report by a private employment service said on Wednesday, much higher than market expectations.

  • Asian Markets Close Higher, Australia Slips Wednesday, 5 Dec 2007 | 5:07 AM ET

    Asian markets closed in positive territory Wednesday, with the exception of Australia's S&P/ASX 200 index, despite growing fears the U.S. economy might slip into recession. Both South Korea and Japan closed higher after spending most of the morning in negative territory.

  • Australia's central bank skipped a chance to raise interest rates on Wednesday as turmoil in global credit markets clouded the outlook for the world economy, even as economic growth at home hit a three-year high.

  • Abby Joseph Cohen: Economy to Rebound in 2008 Tuesday, 4 Dec 2007 | 5:30 PM ET

    Abby Joseph Cohen, chief investment strategist at Goldman Sachs, says the U.S. economy will rebound in mid-2008, but the next few months will be bumpy.

  • OPEC: Does It Really Matter Anymore? Tuesday, 4 Dec 2007 | 4:57 PM ET

    Hi all. This is my first post for Energy Source and like Melissa says, we hope this blog to be informative and fun. So, here I go. Questions, questions. I've been hearing a lot of questions about OPEC lately. In fact, OPEC talk has been all-consuming for the past week as oil prices have slid from over $99 a barrel to a six-week low under $89. But the bigger question many analysts and traders are asking is does OPEC really matter?

  • Oil Ends Above $88 as OPEC Meeting Looms Tuesday, 4 Dec 2007 | 4:39 PM ET
    Oil Refinery

    Oil prices crept back up to end over $88 per barrel Tuesday, as traders reacted to mixed signals on whether OPEC would decide to increase production during its meeting this week.

  • Surprise! CEOs Aren't Too Worried About Economy Tuesday, 4 Dec 2007 | 2:07 PM ET
    Cash Register

    U.S. chief executives' view of the economy improved in the fourth quarter, although they have become far more concerned about energy prices.

  • Dollar Slips Vs. Yen On Credit Fears Tuesday, 4 Dec 2007 | 1:52 PM ET
    Dollar and Euro

    The yen rose against the dollar and higher-yielding currencies for a second day, with investors shying away from risky assets amid deepening concerns over the credit turmoil and tightening liquidity.

  • Fed's Yellen: Economy's Downside Risk Getting Worse Tuesday, 4 Dec 2007 | 12:24 PM ET
    Janet Yellen

    Federal Reserve Bank of San Francisco President Janet Yellen said on Monday that worsening financial conditions and weaker-than-expected economic data have raised downside risks to the economic outlook.

  • Welcome And About That $100 A Barrel For Oil Tuesday, 4 Dec 2007 | 11:52 AM ET

    Hello and welcome to Energy Source. My colleague, Sharon Epperson and I will be blogging about the all that's energy related in this spot and we hope it will be informative and fun. We'd like to hear from you as well, so drop us an email with your thoughts and comments on anything you read here. We'll certainly post them as we go along. Here we go then.

  • Stocks That Perform -- Even in a Downturn Tuesday, 4 Dec 2007 | 11:42 AM ET

    It's tough for a stock to get into Robert Millen's good graces. The co-portfolio manager of the Jensen Portfolio told CNBC he looks for companies with best-in-class products and steadily increasing bottom lines -- and he offered viewers two names that fit the bill.

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