Oil prices fell Friday, marking a more than $16-a-barrel four-day drop, as the market focused on a possible thawing between U.S. and Iranian tensions.
America's banks and brokerages are scrambling to raise badly needed cash, but it may be at the expense of shareholders
Riots from Haiti to Bangladesh to Egypt over the soaring costs of basic foods have brought the issue to a boiling point and catapulted it to the forefront of the world's attention, the head of an agency focused on global development said Monday.
Global finance chiefs drove home warnings over the market crisis Saturday, as concerns of a possible recession continued to trouble a meeting of world powerbrokers in Switzerland.
The International Monetary Fund said on Saturday it saw no immediate risks of a financial crisis for Asian economies hit in recent months by a heavy influx of global capital.
Analysis: Socialist Strauss-Kahn is a widely admired economic manager. Better to have him in Washington than heading up the opposition in Paris
China supports proposed changes to the International Monetary Fund' s voting rights system but they don' t go far enough to empower some developing regions, China' s finance minister said Thursday.
Bob Dylan, bard of the baby-boomers, turned 65 a few weeks ago. The milestone passed without much fanfare, but it was an unmistakable reminder that the generation that had hoped to stay forever young is nearing retirement age.
WASHINGTON -(Dow Jones)- The International Monetary Fund board on Friday praised Brazil for its economic policy and performance, saying the country's central bank has room for further steady easing of monetary policy.
Some of the billions in windfall profits going to overseas oil producers are coming back to the United States in the form of foreign investment, according to a published report.
Oil prices fell Friday, marking a more than $16-a-barrel four-day drop, as the market focused on a possible thawing between U.S. and Iranian tensions.
America's banks and brokerages are scrambling to raise badly needed cash, but it may be at the expense of shareholders
Riots from Haiti to Bangladesh to Egypt over the soaring costs of basic foods have brought the issue to a boiling point and catapulted it to the forefront of the world's attention, the head of an agency focused on global development said Monday.
Global finance chiefs drove home warnings over the market crisis Saturday, as concerns of a possible recession continued to trouble a meeting of world powerbrokers in Switzerland.
The International Monetary Fund said on Saturday it saw no immediate risks of a financial crisis for Asian economies hit in recent months by a heavy influx of global capital.
Analysis: Socialist Strauss-Kahn is a widely admired economic manager. Better to have him in Washington than heading up the opposition in Paris
China supports proposed changes to the International Monetary Fund' s voting rights system but they don' t go far enough to empower some developing regions, China' s finance minister said Thursday.
Bob Dylan, bard of the baby-boomers, turned 65 a few weeks ago. The milestone passed without much fanfare, but it was an unmistakable reminder that the generation that had hoped to stay forever young is nearing retirement age.
WASHINGTON -(Dow Jones)- The International Monetary Fund board on Friday praised Brazil for its economic policy and performance, saying the country's central bank has room for further steady easing of monetary policy.
Some of the billions in windfall profits going to overseas oil producers are coming back to the United States in the form of foreign investment, according to a published report.
A roadside bomb killed four American soldiers Thursday in the north-central Iraqi city of Samarra, the U.S. military said.
Following are essential facts and figures on the People's Republic of China.
These are the best of times. The economy is stronger than it has been in decades. Inflation is low. The outlook is almost uniformly positive. No, not in the U.S. In the rest of the world.
Information seized from a suspected al Qaeda computer expert was largely responsible for the increased threat level for three East Coast financial districts, U.S. and Pakistani officials said Monday.
Security at financial sites in New York City, northern New Jersey and Washington, D.C., increased significantly Sunday after the Department of Homeland Security raised the terror threat level for those areas to orange, or high.
The much-improved recent economic reports on the labor market and retail sales are fueling speculation that the Federal Reserve could alter its stance on keeping interest rates low, perhaps as early as this summer, according to two separate reports Monday.
A new report from the International Monetary Fund suggests deficit spending by the United States has supported global recovery over the past several years but warns that its adverse effects on long-term interest rates cannot be delayed for long.
The decision by Horst Koehler to step down from the top stop at the International Monetary Fund has sparked a debate over who will be his successor.
Most of the time our economic worries are of a comprehensible sort: Jobs are scarce, health-care costs are high, retirement funds are meager. Every month or two, though, we are wrested away from th...
The high is always sweeter after the low. It's as true for investing as it is for life. So those battered veteran investors in emerging markets are no doubt savoring the phenomenal performance they...
1 Out West: Colorado multitasks with the Telluride Film Festival and the Renaissance Weekend in Aspen. Back East: Russia conducts its first census since the breakup of the Soviet Union.
Last year wasn't bad news for investors everywhere. In some countries, stocks offered solid gains. But before you go putting your money in last year's top-performing global markets, take a closer l...
Business conferences don't achieve real status these days, it seems, unless they attract throngs of rock-throwing, meat-eschewing, puppet-wielding antiglobalization protesters. And on the face of i...
The war against terrorism has brought home forcefully that we share a common planet, that we are interdependent, and that if we are to address the world's central problems, we will have to work tog...
The true heroes of East Asia's recovery from the 1997 currency crisis--credit card-wielding American mall rats with their insatiable appetite for imports--finally seem tapped out. That means that n...
September
Just two years ago, emerging economies were in heaps of trouble. The light at the end of the financial-crisis tunnel appeared to be a train barreling the other way. Doomsayers like Charles Wolf, an...
Around 1 P.M. on Monday, April 17, a woman with a foam evergreen tree on her head stood before a police barricade on Washington's Pennsylvania Avenue, picked up a bullhorn, and asked several hundre...
This time last year, the world was a frightening place. Russia's economy was falling apart, big, famous hedge funds were falling apart--it was beginning to seem everything was falling apart. When d...
This has been a tough time for holders of "risk-free" government paper. The total return for the benchmark 30-year Treasury bond in the first quarter was a dismal -7.17%. Even the less leveraged te...
The salvation of the world economy is a heavy burden to lay on a country beset by yawning government deficits, ghastly poverty, anemic economic growth, and a long history of hyperinflation and debt...
So much for the new economy," a friend said the day the Dow dived 512 points. With all due respect--and he's a smart cookie, so respect is due--my friend got it exactly wrong. First, the new econom...
Bond traders on Wall Street, political leaders abroad, and CEOs nearly everywhere look upon Robert Rubin as the Prime Minister of the global economy. Along with Federal Reserve Chairman Alan Greens...
Whatever happens next, the Great Asian Slump is already one for the record books. Never in the course of economic events--not even in the early years of the Depression--has so large a part of the w...
For decades, the only thing anybody had to know about forest fires was that they were bad--and that Smokey the Bear wanted us to prevent them. Then naturalists began pointing out that the success o...
When American business talks about capitalism, it usually means free markets for everyone but itself. Thus, the Chamber of Commerce, the National Association of Manufacturers, and big exporters lik...
Over lunch at the Jakarta Hilton, John Vondras, an affable Coloradan who is US West's top man in Indonesia, ticks off the problems of running a 500,000-line telephone system in a country whose econ...
The superlatives are flying. Singapore Prime Minister Goh Chok Tong calls it "Asia's worst crisis since the Second World War." Others say it may pose the biggest threat to world economic and politi...
There are good reasons for U.S. lawmakers not to approve the $18 billion IMF loan the Clinton Administration wants to prop up Asian economies. From the political left, there's the complaint that th...
President Clinton plans to submit the first balanced budget since the Nixon years. Inflation is below 2%. Unemployment is at quarter-century lows. Now it looks as if interest rates will tumble too....
As far as the citizens of Hong Kong were concerned, Wednesday, Oct. 23, couldn't have been a more inauspicious day. In the city's financial center, a plumbing fault suddenly drained an ornamental p...
Three- or four-digit inflation used to run rampant in Latin America, but no more. Of the ten largest countries, Argentina had the lowest inflation in 1995. Fiscal policy is the real problem, says R...
With election day quickly approaching, Russia's first wide-open presidential race is barreling toward an uncertain end. A few months back President Boris Yeltsin looked out of it, his support an ab...
The U.S. Marines pounced on the port of Veracruz in 1914, following in the bootsteps of Spanish and French invaders who had landed there at different times in the years before. Now, in a strange an...
The prosperous Czech Republic faces an unusual problem: too much foreign capital. The central bank's reserves of Western currency rose from $3.8 billion to some $5.3 billion in this year's first ni...
''The beginning of health is sleep,'' claims an Irish proverb. World economists are keeping their fingers crossed. Most industrial nations are prone this year; the U.S. is sitting up and taking nou...
WELCOME TO FORTUNE's annual feature, the World Economy in Charts, 11 pages of graphs and tables that show how nations have performed in the past three years -- and where they are likely to head in ...
By the turn of the century we will be talking about Greater Europe, one huge trading area of 450 million people living in at least 25 countries from Finland to Portugal to Bulgaria. The main tradin...
Asia's ever-emerging Pac Rim economies have entered a new phase for the early 1990s. The heady double-digit growth of the past decade was too hot to last; in most places, the pace will turn relativ...
START BY ASKING a question often ignored by Western analysts: What do the Soviets really want? ''The main measures that need to be taken to stop a collapse all lie on our side,'' says Grigori Yavli...
Refurbished and well oiled after sputtering through the early 1980s, the great American export machine accounted for about a third of U.S. economic growth during the past three years. And it has be...
Away from the glare of TV cameras that follow South Africa's Nelson Mandela, most of the 47 nations that make up sub-Saharan Africa are quietly jettisoning socialism in favor of economic liberaliza...
Will the U.S. economy continue to glide downward toward a soft landing? Ignore for a moment those ominous storm clouds -- troubled S&Ls, Third World debt, and paltry productivity gains -- and focus...
NEWTON MINOW, 63, former FCC chairman and a director of Sara Lee, CBS, and other companies, on what he says is the typical CEO's fear of takeover that has distracted him from managing for the long ...
It's chicken-and-egg time. Economic growth in the U.S. will drop from 3.9% this year to 2.5% in 1989, and it will fall as well in other industrial countries. A major reason for the U.S. slowdown is...
Japan may finally be ready to lead its trading partners in setting world economic policy, but the U.S. isn't sure it wants to become a follower. Japanese financial leaders grabbed the spotlight in ...
LAST MONTH'S 100-point drop in the Dow, triggered by disappointing news about the U.S. trade deficit, was a glint on the sword that hangs over the world financial system. In another month or so, Am...
Treasury Secretary James A. Baker III surprised the meeting of the International Monetary Fund with a single word: gold. He announced a willingness to consider a new economic indicator that would r...
For ready reference during this tour of foreign markets, we offer a glossary:
Economists have a hard enough time deciphering the world economy without having to worry about money that just plain disappears. But in the past several years a black hole seemingly has swallowed h...
FOR MOST of the year Brazil's finance minister was one of the most popular men in the country. Dilson Funaro, 53, put together economic reforms that tamed inflation, which had risen to a 500% annua...
What ever happened to the international debt crisis? To judge from the meager attention given the ''debt bomb'' lately, the crisis is past. That also seems to be the judgment of the financial marke...
FOR MOST of the year Brazil's finance minister was one of the most popular men in the country. Dilson Funaro, 53, put together economic reforms that tamed inflation, which had risen to a 500% annua...
The Securities and Exchange Commission ordered E.F. Hutton to reimburse investors for the more than $1 million they lost in two mutual funds that the SEC says Hutton mismanaged. The International M...
James Baker seems to be turning into the most activist U.S. Secretary of the Treasury since his fellow Texan John Connally devalued the dollar for Richard Nixon in 1971. The attack Baker orchestrat...
May 28: International Monetary Fund staff members arrive in Brazil to negotiate a loan package with the new government. June 1: Telephone customers start getting billed $1 a month for local access ...
EVIDENCE IS BUILDING that the international debt crisis is over. Gone is the nerve-jangling prospect that the world banking system might suddenly collapse as large Latin American countries proved u...
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