HONG KONG, March 4- China's yuan edged higher on Wednesday after a private survey showed activity in China's services sector grew modestly in February, though the underlying currency trend remained weak. Late on Saturday, the People's Bank of China cut interest rates, its third major easing since late November. On Wednesday, the People's Bank of China set the...» Read More
"Good" is the operative word in the mortgage market these days. Anything else may simply not be good enough, which is why many borrowers are struggling to do a deal.
By many measures, confidence in the dollar has never been lower, and some fear more Federal Reserve interest rate cuts will make matters worse by swelling inflation and undermining long-term U.S. economic health.
The battered U.S. dollar may be near the bottom of its weakening cycle, but a recovery rally will take a while to materialize, because big uncertainties still hang over the U.S. economy, analysts told CNBC.com.
Wall Street was poised to open mostly lower on Thursday, despite positive retail sales numbers as the market continued to worry over the battered financial sector.
The ECB and the BOE left interest rates unchanged on Thursday, as fears of inflation outweighed worries that the U.S. economic woes may spread around the world.
Fewer workers applied for unemployment benefits last week, but the number remaining on jobless aid stood at the highest level in nearly two and a half years.
U.S. home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the fourth quarter. Pending sales of previously owned homes were unchanged in January.
The Bank of England held interest rates at 5.25% Thursday, as widely expected. Ian Morley, CEO of Dawnay, Day Brokers Limited and Lena Komileva from Tullett Prebon discuss the impact of the decision.
Australia's trade deficit ballooned 41 percent in January as strong domestic demand sucked in imports while bad weather and supply bottlenecks crimped export growth.
The global credit crisis creates big downside risks to an already softening economy that require bold action from the U.S. central bank, Cleveland Federal Reserve President Sandra Pianalto said on Wednesday.
I’m enraged. Yep. ...Yesterday, Federal Reserve Chairman Ben Bernanke, in a speech to bankers in Orlando, Fla., said that the best way out of the foreclosure mess is not to modify all these delinquent loans but to actually reduce the principal. What?!
Federal Reserve districts all saw decelerating economic growth in early 2008, even as prices pressed upward almost everywhere, the central bank's "Beige Book" report on economic conditions said on Wednesday.
The full text of the Beige Book released by the Federal Reserve on March 5, 2008 and based on information collected on or before February 25, 2008.
The foreign exchange maneuver known as the carry trade looks set to continue unwinding, with bearish investors scared of risks. But buying opportunities might emerge from the trend, analysts told CNBC on Wednesday.
Euro zone services growth staged a partial comeback in February, in line with an earlier estimate, though a sharp divide in growth rates within the bloc poses a problem for the European Central Bank.
Australia's economy expanded at its slowest pace in a year last quarter but only because strength in consumer and government spending was tempered by a big drag from the country's trade deficit.
Stocks declined Tuesday, with financials taking a beating after news of more fallout from the subprime mess at Citigroup. Energy stocks also fell as oil prices receded.
The homebuilders have been so tortured they might be ready to trade again.
Find me an analyst or an investor who's excited about this week's same store sales results. Literally, the expectations are so low for this first month of the first quarter, that any indication of a rosier March may cause volatility around share prices when the nation's biggest stores report same store sales results for the month of February on this Thursday.
Stocks declined Tuesday after dismal corporate news about Intel and Citigroup.