SASKATOON, Saskatchewan, April 24- Bank of Canada Governor Stephen Poloz is more hopeful than before about an export recovery but is not straying from his mantra that an interest rate cut is just as possible as a hike because the economic outlook is so uncertain.» Read More
China will use a variety of tools, including interest rates, to stabilize growth and keep the world's fourth-largest economy on an even keel, the central bank said on Sunday.
Like a sailing ship waiting for the wind to shift, the stock market could drift as it focuses on oil, economic data and earnings reports in the week ahead.
A curious report this morning from the U.S. Dept. of Commerce: New homes sales fell 0.6% in June from the month before. Why curious? Because all the numbers in the game changed.
US consumer sentiment recovered from early 1980s lows in July as Americans received tax rebate checks, but remained pressured by high gasoline prices and falling home values.
Stocks go into Friday facing important manufacturing and housing data and, of course, more turbulence.
South Korea's economy grew slightly more than expected in the second quarter on robust exports, data showed on Friday, which analysts said cleared the central bank to hike interest rates next month to curb inflation.
While everyone busies themselves today parsing the existing homes data from the National Association of Realtors: sales down 2.6 percent in June, inventories spiking up again to an 11.1 month supply, and prices falling 6.1 percent, I need to focus on something that wasn’t in the table of this particular report.
The top U.S. securities regulator remains steadfast in a plan to broaden an emergency rule to curb abusive short selling despite opposition from the hedge fund industry and other short sellers.
The euro zone economy appears to be taking a hammering as a key business survey released on Thursday painted a deteriorating picture, coming in well below analysts' expectations.
Singapore's central bank on Thursday raised its 2008 consumer price inflation forecast to 6% - 7% from 5% - 6% and said it expected price pressures to remain elevated despite a slowdown this year in economic growth.
Japan's exports unexpectedly fell in June for the first time in nearly five years, trade data showed on Thursday, in a sign that U.S. economic troubles ensuing from a mortgage market debacle are dampening demand in China and other emerging economies.
Oil's move to a six-week low has been cheering the stock market, but the question is for how long?
See what Beijing is doing to tackle its air pollution problems and listen to a CEO's comments on New York's real estate business. Following are today's top videos:
The pace of U.S. economic activity slowed somewhat through mid-July and price pressures were elevated or increasing across the country, the Federal Reserve said.
In a vote of no confidence in the housing market, President Bush this morning revoked his threat to veto the housing rescue bill, which is making its way to a vote on the House floor today.
Core inflation in Australia accelerated to its fastest annual pace in 17 years last quarter as the cost of fuel, financing and rents all climbed, suggesting interest rates would have to stay high for some time to come.
Oil's trend lower has whipped up buying in stocks and could do the same Wednesday, if a string of major blue chips' earnings don't disappoint before the opening bell.
Oilman T. Boone Pickens says he's pushing his alternative energy proposal to Congress not because he wants to make money through his own businesses, but because he knows how to solve the nation's energy problem.
U.S. consumers are going to continue to feel pain until housing prices stabilize, even though global growth remains mostly strong, General Electric Chairman Jeff Immelt said.
First I have to apologize. I honestly thought this was something of a stunt. I got a press release from the Neighborhood Assistance Coalition of America (NACA) last week about a 5 day event they would be holding in DC to help troubled borrowers restructure their loans.