World / Latest Articles

WORLD Mon Mar 9, 2009 @ 3:01pm neoform

rss.cnn.com -- NEW YORK (CNNMoney.com) -- Oil prices rose Monday on talk of an OPEC production cut, but they were off the day's highs after comments from Saudi Arabia put a damper on that speculation. U.S. crude for April delivery was up $1.54 to $47.06 a barrel at 1:3.. Read More

WORLD Mon Mar 9, 2009 @ 9:01am neoform

rss.cnn.com -- LONDON (Reuters) -- Oil hovered around the break-even mark on Monday as investors weighed the weak economy with speculation that OPEC may agree to cut production further at a meeting this weekend. OPEC Secretary General Abdullah al-Badri said on Monday t.. Read More

WORLD Fri Mar 6, 2009 @ 12:02pm neoform

rss.cnn.com -- NEW YORK (Reuters) -- The dollar fell broadly Friday after data showing the U.S. economy cut more than half a million jobs again last month and the jobless rate soared, which reinforced worries of a deepening U.S. recession. The dollar was down even befo.. Read More

WORLD Thu Mar 5, 2009 @ 6:01pm neoform

rss.cnn.com -- NEW YORK (Reuters) -- The dollar firmed against most currencies Thursday, as fear gripped the market after stocks dropped amid worries about General Motors and the fate of U.S. banks, attracting bids for the greenback as a safe haven. The U.S. currency,.. Read More

WORLD Thu Mar 5, 2009 @ 3:02pm neoform

rss.cnn.com -- NEW YORK (Reuters) -- Oil fell more than a dollar to below $44 a barrel Thursday as the deteriorating economic outlook heightened expectations that fuel consumption would shrink further. The losses tracked a slide in global equities markets, with major U.. Read More

WORLD Thu Mar 5, 2009 @ 12:01pm neoform

rss.cnn.com -- NEW YORK (Reuters) -- Exxon Mobil Corp said Thursday it was well-positioned to ride out weak oil prices and that it would hike its capital spending by nearly 12% this year. Exxon, the world's largest publicly traded company, said it would spend about $29.. Read More

WORLD Thu Mar 5, 2009 @ 12:01pm neoform

rss.cnn.com -- NEW YORK (CNNMoney.com) -- Kevin Chou has had his fair share of visa woes. For the past two years running, his Silicon Valley social networking start-up, Watercooler, has applied for an H-1B work visa for the same Canadian employee. Both times, the petiti.. Read More

WORLD Thu Mar 5, 2009 @ 9:01am neoform

rss.cnn.com -- BEIJING (CNN) -- The National People's Congress -- the marquee event of China's political calendar -- opened Thursday with Premier Wen Jiabao pledging economic growth amid a growing national deficit and the global financial crisis. But Wen did not announ.. Read More

WORLD Wed Mar 4, 2009 @ 3:01pm neoform

rss.cnn.com -- NEW YORK (Reuters) -- The dollar vaulted to a four-month high above ¥99 Wednesday as another slide in U.S. private-employer rolls and worries about a flagging Japanese economy pushed investors toward the U.S. currency. The euro also hit a three-month tr.. Read More

WORLD Wed Mar 4, 2009 @ 3:01pm neoform

rss.cnn.com -- NEW YORK (CNNMoney.com) -- Investors have largely panned the stimulus package that President Obama signed into law last month. But stimulus in China? Now that's a different story. Stocks around the world rallied Wednesday morning, and some attributed the.. Read More

WORLD Mon Mar 2, 2009 @ 3:01pm neoform

rss.cnn.com -- NEW YORK (CNNMoney.com) -- European bank HSBC is shuttering hundreds of branches in the U.S. that specialize in mortgage and consumer lending, and axing thousands of jobs, as it pulls back from its foray into the American housing market. HSBC (HBC) said.. Read More

WORLD Mon Mar 2, 2009 @ 9:00am neoform

rss.cnn.com -- LONDON (Reuters)  -- HSBC is cutting 6,100 jobs and closing most of its U.S. consumer lending business amid slumping profits, the bank said Monday. HSBC (HBC), Europe's biggest bank, launched Britain's biggest rights issue on Monday, to raise 12.85 billi.. Read More

WORLD Fri Feb 27, 2009 @ 12:01pm neoform

rss.cnn.com -- NEW YORK (Reuters) -- The dollar gained against most currencies other than the yen Friday after government data showed the U.S. economy contracted 6.2% in the fourth quarter, more than market expectations. "These figures are just awful," said Matt Esteve.. Read More

WORLD Thu Feb 26, 2009 @ 6:01pm neoform

rss.cnn.com -- NEW YORK (CNNMoney.com) -- Oil prices rose for the third straight session Thursday as talk of production restrictions raised supply concerns. Crude oil for April delivery rose $2.72, or 6.4%, to close for the day at $45.22 a barrel. "We have had a nice.. Read More

WORLD Thu Feb 26, 2009 @ 6:00pm neoform

rss.cnn.com -- WASHINGTON (Reuters) -- Banks that are big enough to destabilize markets should be subjected to tighter regulatory oversight, and some rules ought to be internationally agreed, White House economic adviser Paul Volcker said Thursday. In remarks prepared.. Read More

WORLD Thu Feb 26, 2009 @ 3:01pm neoform

rss.cnn.com -- LONDON (CNN) -- Part-nationalized British banking group RBS announced massive losses for 2008, totaling $34.6 billion Thursday. The results are the worst in British corporate history. RBS's loss exceeded the previous record set by Vodafone in 2006 by mor.. Read More

WORLD Thu Feb 26, 2009 @ 12:00pm neoform

rss.cnn.com -- NEW YORK (Reuters) -- The dollar fell against the euro on Thursday with investors prepared to take on more risk, though poor U.S. data capped losses with some investors preferring the safer haven of the U.S. currency. Though the data was evidence of how.. Read More

WORLD Thu Feb 26, 2009 @ 12:00pm neoform

rss.cnn.com -- LONDON (Reuters) -- Oil rose above $45 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output further at its next meeting in March. Abu Dhabi National Oil.. Read More

WORLD Wed Feb 25, 2009 @ 6:01pm neoform

rss.cnn.com -- LONDON (Reuters) -- Britain's economy shrank at its fastest pace since 1980 in the last three months of 2008, unrevised official figures confirmed on Wednesday, as households cut spending at the sharpest rate since 1991. The Office for National Statistic.. Read More

WORLD Mon Feb 23, 2009 @ 3:01pm neoform

rss.cnn.com -- DUBAI, United Arab Emirates (CNN) -- The United Arab Emirates pledged $10 billion to prop up Dubai, one of its most ambitious members, Dubai's government said. Dubai launched a $20 billion long-term bond program Sunday in an effort to cover loans that fi.. Read More