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  • The International Monetary Fund (IMF) headquarters building is seen in Washington, DC.

    The IMF, or International Monetary Fund, is an intergovernmental agency that works to keep exchange rates and the international system of payments stable.

  • The 39th President of the United States Jimmy Carter

    The Misery Index is a simple calculation that became a political hot potato in the late 1970s and early 1980s. By adding the unemployment rate and inflation together, the index gave policy makers a tool by which to measure economic misery.  As President Barack Obama prepares for his re-election run, the index stands at just 11 percent, some 10 percent lower than Carter faced 31 years ago.

  • Unrest in the Middle East has put investors on high alert as crude oil prices move seemingly with every development in the region. In order to understand the effect of those events on both US and global oil markets, a key figure to watch is the amount of crude oil produced daily in each country. With data from the Energy Information Administration (EIA), a division of the Department of Energy, CNBC.com took a look at the countries that produce the most crude oil on a daily basis. Production is d

    With data from the Energy Information Administration (EIA), a division of the Department of Energy, CNBC.com took a look at the countries that produce the most crude oil on a daily basis.

  • Christ the Redeemer statue, Rio de Janeiro, Brazil

    After decades of boom to bust behavior, economies  from Mexico to Brazil are looking dynamic, diverse and  durable, helped by a wealth of natural resources and a good measure of fiscal discipline.

  • Hugo Chavez

    Venezuelan President Hugo Chavez ordered the expropriation of U.S.-based glass container manufacturer Owens-Illinois's subsidiary in the South American country.

  • Hugo Chavez

    Venezuela's government has seized control of 11 oil rigs owned by U.S. driller Helmerich & Payne, arguing that drilling had to be restarted after the company halted operations in response to delayed payments from the country's state oil company.

  • The Cuban flag flying in Park Central in Havana.

    American industries of all kinds—from travel and telecom to construction and energy—would be poised to profit if the 52-year trade embargo with Cuba were lifted. Among the first businesses to cash in would be those involved with tourism, most experts agree.

  • Hugo Chavez

    At least 40 butchers were detained in Venezuela last week on charges of speculation for allegedly driving up their prices. Some say they were held at a military base and were later strip searched when turned over to police.

  • Corroded casket

    Accompanying Venezuela’s soaring levels of murders and kidnappings, its cemeteries are the setting for a new kind of crime wave, says the New York Times.

  • Hugo Chavez

    Venezuelan President Hugo Chavez lashed out at an agreement for American troops to use more Colombian military bases on Friday, accusing the U.S. of aiming to start a conflict and urging his military to be prepared.

  • The price of oil looks set to rise further as political factors limiting investment will join rising demand and a weak dollar among factors pushing up prices, analysts told CNBC Wednesday.

  • bp_200x150.jpg

    The deep waters off the coasts of countries like Brazil and Sierra Leone have become hot spots for large discoveries of oil this year as exploration continues to move further from shore.

  • Hugo Chavez

    Russia and Venezuela on Saturday moved closer to an oil venture deal and discussed arms trade, forging a partnership that may drag Russia into a row over the U.S. military presence in Colombia.

  • Hugo Chavez

    The government of President Hugo Chavez seized control of two of Venezuela's largest coffee processing plants on Monday, threatening to expropriate them if investigations reveal they have illegally smuggled coffee out of the country.

  • cuba_flag.jpg

    It's hard to find a spare tire in Cuba these days, or a cup of yogurt. Air conditioners are shut off in the dead heat. Factories close at peak hours, and workers go without their government-subsidized lunches.

  • Pres. Hugo Chavez of Venezuela

    President Hugo Chavez on Tuesday alleged that U.S. intelligence agencies were behind a purported assassination plot that prevented him from visiting El Salvador.

  • Hugo Chavez

    President Hugo Chavez ordered the takeover of at least six metal, ceramic and other companies Thursday, accelerating his push to spread socialism and build "an industrial complex" in Venezuela.

  • The global economy has crashed and so has the price of oil. The same countries that used billions from crude exports to subsidize gasoline at home, even as prices hit record highs elsewhere in the world, are now under tremendous strain.

  • President Hugo Chavez said Thursday that his government has seized land owned by an Irish cardboard maker as part of a sweeping agrarian reform initiative.

  • Venezuela's Citgo Petroleum says it's laying off 75 employees because of the world economic crisis.