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  • Fed's Statement On Restructured AIG Financial Aid Monday, 10 Nov 2008 | 8:37 AM ET

    The Federal Reserve Board and the U.S. Treasury on Monday announced the restructuring of the government's financial support to the American International Group (AIG) in order to keep the company strong and facilitate its ability to complete its restructuring process successfully.

  • China Wholesale Inflation Slides, Rate Cut Looms Sunday, 9 Nov 2008 | 10:38 PM ET
    China, Chinese Flag

    China's wholesale price inflation tumbled in October, clearing the way for the central bank to cut rates at any time to support a massive stimulus package aimed at shoring up the world's fourth-largest economy.

  • Japan's Third-Quarter Machinery Orders Slump Sunday, 9 Nov 2008 | 8:41 PM ET
    Japanese Flag

    Japan's core machinery orders posted their biggest quarterly fall in a decade in July-September and manufacturers expect only a small rebound in the last quarter of the year, boding ill for capital investment as the economy teeters on the brink of recession.

  • Australia's RBA Cuts Economic Growth Forecasts Sunday, 9 Nov 2008 | 7:52 PM ET

    Australia's central bank lowered its forecasts for economic growth  for the next two years, saying it would be reviewing interest rates in the months ahead with the aim of  avoiding an even sharper slowdown in domestic demand.

  • G20 Sees More Action, China Moves to Boost Economy Sunday, 9 Nov 2008 | 6:40 PM ET

    China launched a huge stimulus plan worth nearly $600 billion, kicking off what could be a round of big spending or interest rate cuts by leading economies to stave off a recession in many countries.

  • Mortgage

    President-elect Obama is meeting with economic advisors today, and you have to believe that the housing crisis will be pretty high on the agenda.

  • Mohamed El-Erian, co-chief executive officer of Pacific Investment Management Co.

    President-Elect Barrack Obama should attend the upcoming summit of the G20 developing and industrialized countries in Brazil to show that the US has a truly international leader, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.

  • US Economy 'Has Fallen off a Cliff': El-Erian Friday, 7 Nov 2008 | 4:02 AM ET

    The nonfarm payrolls data may be even worse than the consensus estimate, as the U.S. economy is taking further blows from the financial crisis, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.

  • South Korea Cuts Rates For Third Time In a Month Thursday, 6 Nov 2008 | 8:31 PM ET
    Korea, Korean Flag

    South Korea's central bank cut its benchmark interest rate on Friday by a quarter point, as expected, its third cut in a month to try to calm markets and boost the economy in the face of the global financial crisis.

  • Biggest 2 Day Decline Since '87 Thursday, 6 Nov 2008 | 7:41 PM ET

    Stocks sold off on Thursday in their worst two-day slide since October 1987 with disappointing corporate outlooks and bleak sales from major retailers fueling invsetor fears.

  • Dow Drops 10% in Two Days After Election Thursday, 6 Nov 2008 | 5:21 PM ET

    Blue chips logged their biggest two-day decline on record as worries about the economy gripped the market the minute the U.S. presidential election was over.  Weak outlooks from Cisco and Toyota, dismal October retail sales and the prospect of a very grim payrolls number tomorrow fueled the selloff today.

  • Dow Drops Over 400 Amid Economic Worries Thursday, 6 Nov 2008 | 3:20 PM ET

    Stocks continued to slide Thursday as worries about the economy -- and its impact on earnings -- outweighed enthusiasm for big rate cuts in Europe.

  • Stocks Slide as Economic Woes Trump Rate Cuts Thursday, 6 Nov 2008 | 11:21 AM ET

    Stocks continued to slide Thursday as worries about the economy -- and its impact on earnings -- outweighed enthusiasm for big rate cuts in Europe.

  • Financial Regulation Likely to Increase: Market Pros Thursday, 6 Nov 2008 | 10:56 AM ET

    Market pros are seeing more regulation ahead for financial markets.

  • Democrats Push Stimulus, But White House Objects Thursday, 6 Nov 2008 | 10:38 AM ET

    Barack Obama's victory and an expanded majority in Congress could have Democrats making up a list of economic stimulus measures and checking it twice. 

  • Rate Cut Fails to Lift Futures Higher Thursday, 6 Nov 2008 | 9:20 AM ET

    Futures were poised to add to post-election losses, as intensified worries about the global economy outweighed a sharp Bank of England interest rate drop.

  • Bank of England Could Keep Cutting to 0% Thursday, 6 Nov 2008 | 7:29 AM ET

    The Bank of England's Monetary Policy Committee cut interest rates by a surprising 150 basis points, the deeper cut since the bank became independent in 1997, to help the economy fend off a recession.

  • Bank of England Cuts Rate by Record 150 Basis Points Thursday, 6 Nov 2008 | 7:26 AM ET

    The Bank of England slashed its key interest rate by one-and-a-half percentage points -- the biggest cut since it became independent in 1997 -- to 3 percent Thursday as recession fears heightened and despite inflation hovering above 5 percent.

  • New Stimulus for Economy May Arrive by Christmas Wednesday, 5 Nov 2008 | 6:04 PM ET

    Barack Obama's victory and an expanded majority in Congress could encourage Democrats to make up a list of economic stimulus measures and check it twice. 

  • For Housing, Hope Should Not Cloud Hard Reality Wednesday, 5 Nov 2008 | 2:18 PM ET

    As policymakers and economists try to wrap their collective expertise and expectations around the possibilities of the Obama presidency, a heightened sense of urgency is now focused on mortgage rescue plans and housing stimulus.