World Economy


  • Dollar Little Changed vs. Euro on US Rate Outlook Monday, 26 Nov 2007 | 11:43 AM ET
    Dollar and Euro

    The dollar was little changed against the euro and down against the yen Monday with investors finding few reasons to change their view that more Federal Reserve interest rate cuts are imminent.

  • Ex-U.S. Treasury Head Summers: Recession Likely Monday, 26 Nov 2007 | 11:37 AM ET

    The odds now point to a U.S. economic recession that slows global growth significantly even if necessary policy changes are implemented, former U.S. Treasury secretary Larry Summers said.

  • Asian Stocks Close Higher, Shanghai Slips Monday, 26 Nov 2007 | 5:15 AM ET

    Asian markets surged to close firmly in the green Monday, with the exception of China's Shanghai Composite index, reversing four straight weeks of losses. Tokyo gained 1.6 percent, but South Korea came out tops with a whopping 4.7 percent advance.

  • Week Ahead: Credit Worries Abound Friday, 23 Nov 2007 | 2:22 PM ET

    Credit worries and concerns that the economy is slowing are likely to continue sending shock waves into the stock market in the week ahead. But any signs that the holiday shopping season will be stronger than expected could help confidence.

  • Oil Tops $98 on Dollar, Supply Concerns Friday, 23 Nov 2007 | 1:48 PM ET
    Oil Refinery

    Oil rose above $98 per barrel on Friday, still in sight of the $100 milestone, reflecting moves in the U.S. dollar and amid signs some OPEC members have been raising output ahead of their policy meeting next month.

  • Dollar Recovers Slightly vs. Euro, Yen in Thin Volume Friday, 23 Nov 2007 | 11:26 AM ET
    Dollar and Euro

    The euro set a fresh record high against the dollar early  Friday, though the $1.50 level remained out of reach when the euro was knocked more than a cent off its peak by comments from a euro zone policymaker.

  • ECB Policymakers Warn on Growth, Currencies Friday, 23 Nov 2007 | 11:00 AM ET

    European Central Bank policymakers said Europe's growth outlook was deteriorating and warned of the risks attached to "brutal" currency movements after the euro hit new highs against the dollar on Friday.

  • Greenspan: Housing Prices Haven't Bottomed Yet Friday, 23 Nov 2007 | 9:48 AM ET
    Alan Greenspan

    Former Federal Reserve Chairman Alan Greenspan said on Friday that U.S. house prices have not bottomed out after a crisis in the subprime mortgage market.

  • Asian Stocks End Mixed, Hong Kong Rallies Friday, 23 Nov 2007 | 4:59 AM ET

    It was a mixed session for Asian stocks on Friday with some markets gaining ground as investors picked up beaten-down shares after a six-session losing streak. But trading was dulled by holidays in Japan and the United States.

  • Euro Zone November Services "Flash" PMI Sinks Friday, 23 Nov 2007 | 4:52 AM ET

    Growth in the euro zone's dominant services sector fell more than expected to a 27-month low in November as new orders slipped but manufacturing industry staged an unanticipated rebound, a key survey showed on Friday.

  • Denmark to Hold New Referendum on Euro Friday, 23 Nov 2007 | 4:05 AM ET

    Danes will get a new chance to adopt the euro in a referendum, the prime minister said Thursday.

  • Singapore Inflation Hits 16-yr High on Food, Energy Friday, 23 Nov 2007 | 2:33 AM ET

    Singapore's October inflation leapt 3.6 percent from a year ago to a 16-year high, reflecting higher costs for food and transport, data showed on Friday, putting pressure on the central bank to curb rising prices.

  • Dollar Marks Thanksgiving with Record Lows vs. Euro Thursday, 22 Nov 2007 | 12:25 PM ET
    Dollar and Euro

    The dollar hit new record lows against the euro, the Swiss franc and a basket of currencies on Thursday on growing belief that the U.S. Federal Reserve will cut interest rates again next month.

  • Oil Steadies Near $97, Weak US Dollar Supports Thursday, 22 Nov 2007 | 12:25 PM ET
    Oil Refinery

    Oil edged lower to around $97 a barrel on Thursday, after falling just shy of the $100 milestone the previous session, as the market continued to watch the U.S. dollar which tumbled to fresh record lows.

  • Rising Euro is a Concern: EU's Barroso Thursday, 22 Nov 2007 | 7:50 AM ET

    The strength of the euro, at a record high versus the dollar, is becoming a problem for Europe's exporters, the president of the European Commission said on Thursday.

  • Sarkozy Wants "Equitable and Fair" Currency Rates Thursday, 22 Nov 2007 | 7:12 AM ET

    French President Nicolas Sarkozy will in a forthcoming visit to China call for an "equitable and fair" relationship between four major currencies -- the dollar, euro, yen and yuan, a senior French official said on Thursday.

  • German Growth to Slow after Third-Quarter Pick-Up Thursday, 22 Nov 2007 | 7:03 AM ET

    German economic growth rebounded in the third quarter, buoyed by domestic demand, but the pace of expansion is probably slowing already as surging oil prices and the strong euro put firms on the defensive.

  • Asian Stocks Close Lower on US Concerns Thursday, 22 Nov 2007 | 5:13 AM ET

    After a volatile trading session, Asian markets ended mostly lower as caution prevailed amid worries about the health of the U.S. economy -- the region's top export destination.

  • Paulson Sees More Home Loan Defaults in 2008 Wednesday, 21 Nov 2007 | 8:35 PM ET
    Treasury Secretary, Henry Paulson

    U.S. Treasury Secretary Henry Paulson said the number of potential U.S. home-loan defaults "will be significantly bigger" in 2008 than in 2007, the Wall Street Journal's online edition reported.

  • Asian Stocks Close Lower on US Worries Wednesday, 21 Nov 2007 | 7:29 PM ET
    A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Oil prices spiked to a record high just shy of $100 a barrel  lifting the shares of energy firms, but financial stocks sank Asian markets. Japan closed 2.4 percent lower whilst South Korea shed 3.5 percent.

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