World stocks down after China inflation report
World stock markets were mostly lower Thursday as investors weighed an interest rate cut in South Korea against rising inflation in China.
World stock markets were mostly lower Thursday as investors weighed an interest rate cut in South Korea against rising inflation in China.
World stock markets were muted Tuesday as cheer over the better-than-expected U.S. jobs report faded.
The US dollar took a hit against most major currencies Friday after a disappointing jobs report suggested the Federal Reserve’s easy-money policies may not be reversed anytime soon.
Positive manufacturing data from the U.S. and rising unemployment in Europe pushed the euro to an 11-week low against the dollar.
The world economy faces a new threat. Instead of a banking collapse or too much debt, fears are growing that countries are using their currencies as an economic weapon.
Four years after the onset of the global financial crisis, the world economy remains fragile and growth in high-income countries is weak. Developing countries need to focus on raising the growth potential of their economies, while strengthening buffers to deal with risks from the Euro Area and fiscal policy in the United States, says the World Bank in the newly released Global Economic Prospects (GEP) report.
The dollar rose against the euro Tuesday after U.S. consumer confidence increased to its highest level in almost five years.
Christine Lagarde, managing director of the International Monetary Fund (IMF), believed that Asia was the early bird that caught the worm.
Christine Lagarde, the managing director of the International Monetary Fund, is in Manila for a two-day visit that concludes Friday as part of her tour of Asia.
Asian stock markets were boosted Tuesday by an upbeat report showing U.S. manufacturing grew in September month for the first time in four months.
Pope Benedict XVI says the global economic crisis requires a courageous show of brotherhood.
The latest evidence that the U.S. economy is making steady gains emerged Friday from a gauge of future economic activity, which rose in October at the fastest pace in eight months.
