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World Economy

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  • International Investing: Germany Tuesday, 23 Oct 2007 | 4:24 PM ET

    Germany's two-trillion-dollar economy emerged from a long period of stagnation last year to post a 2.2% growth rate, cutting unemployment to about 7%. The last two decades have been dominated by the modernization and integration of the economy of the former East Germany, a costly, long-term process.

  • International Investing: France Tuesday, 23 Oct 2007 | 4:23 PM ET

    France is transitioning from an economy featuring extensive government ownership and intervention to one that relies more on market mechanisms. Many large companies have been partially or fully privatized, with the government relinquishing stakes in such big firms as Air France, France Telecom, and Renault. The government continues to hold major interests in the power, public transport, and defense industries.

  • Stocks End Broadly Higher Following Late Rally Tuesday, 23 Oct 2007 | 4:01 PM ET

    Stocks ended broadly higher amid continued strength in the tech sector, which gained following Research in Motion's deal to distribute BlackBerry smartphones in China, along with strong earnings reported by Apple.

  • Oil Ends Below $86 on Economy, OPEC Hike Tuesday, 23 Oct 2007 | 3:18 PM ET

    Oil fell Tuesday, as concerns about U.S. economic health and signs OPEC was ramping up output pulled prices further from the record above $90 struck last week.

  • Greenspan: Recession Chance 'Less than 50-50' Tuesday, 23 Oct 2007 | 12:27 PM ET
    Alan Greenspan

    The U.S. economy still faces pressure from a drawn-out housing-market slowdown but will "probably not" slip into recession as a result, former Federal Reserve Chairman Alan Greenspan said Tuesday.

  • Whirlpool Problems Go Beyond Domestic Slowdown Tuesday, 23 Oct 2007 | 11:18 AM ET

    The divide between strong international/weak domestic is nowhere more evident than with Whirlpool. Whirlpool noted that the strength was in international and the costs savings generated by the Maytag acquisition.

  • Asian Markets Close Higher, Japan Flat Tuesday, 23 Oct 2007 | 5:33 AM ET

    Asian stocks closed higher Tuesday, reversing two straight sessions of declines. But Japan finished almost unchanged on lingering worries about high oil prices and the full impact of the U.S. housing slump on its economy.

  • Fed's Evans Says US Economy Is "Moving Forward" Monday, 22 Oct 2007 | 8:22 PM ET

    Chicago Federal Reserve Bank President Charles Evans said on Monday that outside of housing the U.S. economy is "moving forward," and that the Fed could not afford to go soft on inflation.

  • Oil Ends Down Near $87 After Record Climb Monday, 22 Oct 2007 | 3:17 PM ET

    Oil fell sharply toward $87 per barrel Monday, as part of a broad-based commodities sell-off on concerns over the health of the U.S. economy and a recovery in the U.S. dollar.

  • Gloom & Doom Economist Says Worst Is Yet to Come Monday, 22 Oct 2007 | 2:51 PM ET

    Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy. Appearing on CNBC's "Squawk Box," the economist and managing director of Marc Faber Ltd., explained his bearish outlook -- and offered advice for how to play a glum market.

  • Dollar Hitting Bottom As Stocks Rebound? Monday, 22 Oct 2007 | 2:43 PM ET

    Is the U.S. dollar bottoming? CNBC's Rick Santelli thinks it might be. The dollar has been on a downhill slide against the euro and other currencies for weeks now. As of the end of last week, the dollar lost 7.7% against the euro since the beginning of the year, and it continued to move lower overnight. But it did a reversal this morning, and that makes Santelli think it's time to look at the charts.

  • Stocks Ready To Stabilize? Monday, 22 Oct 2007 | 12:25 PM ET

    Traders expecting a sloppy day, with weakness at the open, but many are anticipating an attempt to stabilize right after that: others insist there is no reason to step in and be a hero on the long side.

  • UK Housing Prices Will Not Plunge: Item Club Monday, 22 Oct 2007 | 11:47 AM ET

    The liquidity squeeze which has affected the global financial markets in the past three months is not likely to cause a correction in the UK housing market, Peter Spencer, chief economic advisor for Ernst & Young's Item Club, told CNBC's "Squawk Box Europe" Monday. 

  • Dollar Rallies from Session Lows, Yen Gains Monday, 22 Oct 2007 | 11:23 AM ET

    The dollar rebounded from a fresh low on Monday after as traders pared back bets against the currency after the weekend's Group of Seven meeting yielded no call to action on the falling greenback.

  • Global Stock Sell Off Continues Monday, 22 Oct 2007 | 8:46 AM ET

    Worry about slowing economic growth and a new bout of credit fears ignited the global sell off in stocks which continues into the U.S. open. Wall Street was the first market to spiral downward in Friday's big sell off amid worries the U.S. sub prime mess will take longer to sweep away than expected and is fanning out into other types of credits.

  • Asian Markets Close Lower, India Gains Monday, 22 Oct 2007 | 6:58 AM ET

    Asian markets closed lower Monday, but pared back heavy losses suffered in the morning session and India's Sensex eked out a slight gain. Japan ended 2.2 percent lower while South Korea dropped 3.3 percent. 

  • Australia Producer Prices Add to Inflation Pressure Sunday, 21 Oct 2007 | 10:44 PM ET

    Australian producer prices rose faster than expected last quarter, led by higher food and construction costs, fueling concerns consumer inflation could accelerate enough to provoke another hike in interest rates.

  • Zoellick Wins Backing for New World Bank Strategy Sunday, 21 Oct 2007 | 8:38 PM ET

    World Bank President Robert Zoellick on Sunday won support from bank member countries for his strategy to lead the poverty-fighting institution for the next five years, including plans to give the private sector a bigger role in poor countries.

  • Crisis Was 'Accident Waiting to Happen': Greenspan Sunday, 21 Oct 2007 | 5:23 PM ET

    An unusually high degree of risk taking across asset classes made recent financial market turmoil all but inevitable, former Federal Reserve Chairman Alan Greenspan said Sunday.

  • Dollar Sinks Further on Economic Worries Friday, 19 Oct 2007 | 5:52 PM ET

    The dollar hit a fresh record low against the euro and a basket of currencies on Friday, pressured by the growing view that a slowdown in the U.S. economy will force another cut in interest rates this month.

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