Core consumer prices in Tokyo fell 0.1 percent in July, government data showed on Friday. Takuji Okubo, principal & chief economist at Japan Macro Advisors, says this is a shocking piece of data.» Read More
The yen rose toward a 13-1/2 year high against the dollar and a seven-year peak versus the euro on Thursday. While the sterling fell again against the greenback, nearing $1.3618, its lowest since September 1985.
A few years ago, this kind of news would elicit hand wringing in Detroit, another round of "Detroit is Failing" headlines, and statements of false bravado from GM executives who often reacted with denial whenever the company slipped. Those days are gone.
Global stocks were down again Wednesday on continued signs of trouble in the financial sector. Experts tell CNBC that there is more bad news to come.
Like a Clint Eastwood spaghetti western, the alliance between Chrysler and Fiat is an intriguing piece of work that leaves you scratching your head.
Barack Obama will become the 44th President of the United States on Tuesday. Ahead of Obama's inauguration, global stocks were mixed on investors' concerns about the economic difficulties confronting the incoming president. Experts on CNBC expect the dollar and U.S. stock market to fall on Obama's induction.
The new bank bailouts are not likely to work because they are run by the same people who prolonged the economic agony, Marc Faber, publisher of the Gloom, Doom and Boom Report, told CNBC.
Less than a month from today, GM and Chrysler will have to give the federal government an update on how they are doing in restructuring their companies.
If you thought the auto industry and economy might be close to bottoming out and getting some traction, think again. The world's two largest auto makers are sending fresh signs that things will remain as bad, if not worse in 2009.
Global stocks were up Thursday after the U.S. said it would support Bank of America's purchase of Merrill Lynch with a $20 billion investment by the government and a promise to protect against losses on bad loans, removing a risk for investors. Experts highlight four perils that will dominate 2009.
The European Central Bank is widely expected to cut interest rates by 50 basis points Thursday, to a record low of 2 percent. But how low will the central bank go? Experts tell CNBC euro-zone rates could bottom at 0.5 percent.
What do you think will happen to Chrysler? That question was flying around the Detroit Auto Show this weekend, and trust me, some of the predictions I heard in Detroit were doozies.
A day ahead of the European Central Bank's rate decision, more dismal data showed the euro zone needs monetary easing. But experts tell CNBC that central banks' interest-rate cuts have little impact on the economy in the current financial turmoil.
I get the same question every year at the Detroit Auto Show: What was your favorite new car? My answer is almost always a model with an aggressive design and often it's a concept. This year, the Cadillac Converj stole my heart.
The euro remained under pressure Tuesday despite the German government approving a second stimulus package worth $64 billion to help Europe's largest economy.
At an auto show that lacks "buzz", there are a couple of battles taking shape. Both of them could have major implications as to what we will be driving for years to come.
The euro fell against the dollar and the yen Monday ahead of the European Central Bank's interest-rate decision on Thursday. Experts tell CNBC that the single euro-zone currency will experience headwinds this year.
As I have spent the last two weeks preparing for the Detroit Auto Show, which starts this Sunday, it's become clearer than ever to me the electric car is coming and coming fast.
U.S. employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, suggesting that the year-long recession was deepening.
The Bank of Japan said Thursday it will provide 1.22 trillion yen ($13 billion) in emergency loans to financial institutions as part of a new program to spur lending to the country's businesses.
The Hyundai offer is significant because it addresses the one issue that is keeping people out of showrooms. Potential buyers are worried about keeping their jobs so they are putting off a new car for the family.