World Economy


  • Dollar Falls After Weak Jobs Report, Off Lows Friday, 4 Jan 2008 | 11:57 AM ET

    The dollar fell Friday after a December report showing the weakest jobs growth since August 2003 fueled fears of a recession and increased the likelihood of an aggressive rate cut by the Federal Reserve later this month.

  • Housing Slump May Bottom by Mid-Year: Bush Adviser Friday, 4 Jan 2008 | 11:21 AM ET

    The drag on the U.S. economy from a deep housing slump should ease by mid-year, paving the way for stronger economic growth, a top White House adviser told CNBC.

  • European Inflation Stays Above Target Friday, 4 Jan 2008 | 10:55 AM ET

    High oil prices, driving up the cost of transportation and other services, as well as spiraling food prices contributed to euro-zone inflation staying well above the target while Swiss inflation came in at a 12-year high, data showed on Friday.

  • Rate Cuts Seen More Likely Following Jobs Report Friday, 4 Jan 2008 | 9:52 AM ET
    The Federal Reserve headquarters in Washington, DC.

    The odds of future interest rate cuts increased Friday after the release of weaker-than-expected December jobs data.

  • Weak Jobs Report Could Ignite Recession Worries Friday, 4 Jan 2008 | 7:37 AM ET
    Help Wanted Sign

    The first employment report of the year looks set to make or break the trading day for stocks worldwide, as investors' fears about the fate of the U.S. economy grow.

  • Asian Stocks End Higher, But Japan Sinks Friday, 4 Jan 2008 | 5:41 AM ET

    Japanese stocks tumbled as much as 5 percent on Friday, the first trading day in a week, as growing worries about the U.S. economy battered Wall Street.

  • Inflation Risk May Limit Fed Rate Cuts: WSJ Friday, 4 Jan 2008 | 5:16 AM ET

    Worries about inflation may limit any monetary easing by the Federal Reserve, even though credit crunch and a slower economy have investors expecting aggressive interest rate cuts, The Wall Street Journal said on Friday.

  • Oil Ends at $99.18 After Hitting $100 For 2nd Day Thursday, 3 Jan 2008 | 4:11 PM ET

    Oil fell Thursday as traders took profits from a record rally that had pushed oil to $100 per barrel two days in a row -- a level that has raised a red flag over global economic growth.

  • Dollar Steady vs Euro, Yen on US Jobs Growth Thursday, 3 Jan 2008 | 12:15 PM ET

    The dollar was largely unchanged against the euro and yen Thursday, erasing overnight losses after a report showed enough U.S. private sector job growth to ease fears about Friday's payrolls data.

  • Oil Prices: They're Actually Going To Go Down? Thursday, 3 Jan 2008 | 11:17 AM ET

    Oil has everyone ajar on Wall Street, but today Stratfor--a respected global geopolitical consultant--has put out a thought-provoking piece arguing that oil prices are likely to go DOWN, not up, in the coming months. A massive reduction in global demand due to a softer global economy? No, though that is the usual suspect the oil bears argue.

  • Bush May Propose Economic Stimulus Package Thursday, 3 Jan 2008 | 11:10 AM ET

    President Bush said he was considering the possibility of offering a fiscal stimulus package to help boost the economy but said he has not made a decision yet.

  • Factory Orders Surged a Surprising 1.5% In November Thursday, 3 Jan 2008 | 10:54 AM ET

    New orders at U.S. factories surged a bigger-than-expected 1.5 percent in November on a bigrise in orders for nondurable goods, a government report showed on Wednesday.

  • Beyond $100 a Barrel Oil: Prices Seen Rising Further Thursday, 3 Jan 2008 | 7:35 AM ET

    Oil prices, which on Wednesday hit $100 a barrel for the first time, will probably go up further in the next five years unless economic growth falters and slows fuel demand.

  • Mortgage Applications Tumble for Third Week Thursday, 3 Jan 2008 | 7:22 AM ET

    U.S. mortgage applications tumbled for the third straight week to the lowest level since July 2006 even as borrowing costs declined, an industry trade group said on Thursday.

  • 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.

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