World business news - CNNMoney.com

China's record debt has economists worried

Wed, 11 Nov 2009 12:21:56 EST

In a world still awash in economic worry, China has stood apart as the one country that has come through the global slump with only the briefest of hiccups.

Dollar firms near 15-month low

Wed, 11 Nov 2009 14:09:44 EST

The dollar recovered some ground against rival currencies Wednesday after falling to a 15-month low on strong economic data from China and signs that U.S. interest rates will remain low.

The dollar is weak because ...

Tue, 10 Nov 2009 12:57:49 EST

Here's the latest twist on the timeless chicken versus the egg debate. Which came first: the stock and commodities rally or the weaker dollar?

Americans are overpaid

Wed, 11 Nov 2009 15:21:34 EST

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Oil gains slightly on weak dollar

Wed, 11 Nov 2009 13:35:49 EST

Oil rose modestly Wednesday, responding to a 15-month low in the dollar and robust Chinese demand growth and factory output.

Kraft goes for the chocolate

Mon, 09 Nov 2009 13:32:51 EST

Kraft Foods launched a $16.3 billion hostile takeover bid Monday for British candy company Cadbury after the deadline for the initial bid passed without a deal.

Gold surges to a record high

Wed, 11 Nov 2009 14:57:33 EST

Gold jumped to an all-time high Wednesday as the dollar depreciated, fueling demand for the metal as a hedge against the anemic greenback.

Coke's Berlin Wall blitz: Lessons in leadership

Mon, 09 Nov 2009 14:43:55 EST

Art auction lifts hope for industry rebound

Fri, 06 Nov 2009 18:52:09 EST

A recent sale of Impressionist and modern art at Sotheby's auction house exceeded sales estimates and raised the hopes of industry insiders that a rebound is under way.

French banks: 'Adieu' to guaranteed bonuses

Thu, 05 Nov 2009 14:32:43 EST

Banks in France, including non-French ones, will no longer be allowed to offer guaranteed bonuses to traders and other staff under new rules announced Nov. 5. The only exception is for signing bonuses for new employees, and they are limited to a maximum of one year.

Could Citi lose its Mexican bank?

Thu, 05 Nov 2009 12:02:37 EST

Citigroup could face losing its Mexican subsidiary Banamex, after Mexican senators asked the Supreme Court, on Wednesday, to rule whether or not the local bank would be breaking the law by being partly owned by the United States government.

U.S. dumps China for Mexico

Tue, 03 Nov 2009 11:19:40 EST

Mexico did not have an extreme economic makeover, but the global recession was enough to defeat China as the number one place for American assembly-for-export factories, or maquiladoras.

Check International ETFs here

Fri, 30 Mar 2007 03:46:25 EDT

Check International ETFs here

Bank of England expands asset purchases

Thu, 05 Nov 2009 07:50:23 EST

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Toyota reports surprise profit

Thu, 05 Nov 2009 04:10:13 EST

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Chrysler broke even in September

Wed, 04 Nov 2009 17:57:34 EST

Chrysler Group broke even in September and ended its first post-bankruptcy quarter with more cash on hand than it had at the beginning of the period, the company's new boss said Wednesday.

Disney comes to China

Wed, 04 Nov 2009 12:14:55 EST

China's announcement on Wednesday that Walt Disney could go ahead with its long-planned theme park in Shanghai raised a few eyebrows in Hong Kong. That's because Disney's first foray into the China market, via Hong Kong in 2005, has been tepid at best -- and embarrassing at worst.

Gold hits a record near $1,100

Wed, 04 Nov 2009 15:09:47 EST

Gold pared gains Wednesday after hitting an all time high, but still settled at record levels after the Federal Reserve's latest policy statement came in as expected.

GM scraps sale of European arm

Wed, 04 Nov 2009 07:12:12 EST

General Motors has decided to keep its European Opel unit, canceling the planned sale to Canadian firm Magna, the company said.