Also by Kathleen Moore
July 22, 2009
Forget The Stock Market, Watch Copper
July 15, 2009
China Forex Reserves Post Big Rise, Now Top $2 Trillion
Already they were the biggest in the world. But now China’s foreign exchange reserves have topped the $2 trillion mark for the first time. It’s a sign that overseas investors are increasingly confident the Chinese economy is improving. It also might mean China will buy more U.S. debt, which is being sold in record amounts as Washington tries to spend its way out of recession.
July 13, 2009
Bigger 'G' Grouping Looks Set To Supplant G8
Members of the G8 group of leading industrialized nations have agreed to limit rising world temperatures, and promised $20 billion to help farmers in poor countries. But perhaps the most remarkable thing to emerge from last week's summit in Italy was the signal the group's days might be numbered.
June 30, 2009
'Chaotic' Czech Presidency Ends
When it comes to excitement, the EU's rotating presidency doesn't usually spring to mind. But the past six months, under the leadership of the Czech Republic, has been anything but boring. Prague's presidency has been punctuated by offending art works, inflammatory remarks, and, well, embarrassing nude photos.
June 23, 2009
Mapping A Way Out Of Economic Rescue Measures
They poured billions of dollars into troubled banks, unveiled massive spending packages, and even turned on the money printing presses. The economic crisis prompted unprecedented rescue measures by financial authorities around the world. Now they’re turning their attention to how they might unwind these emergency programs. But is it all too soon?
June 16, 2009
Leaders Aim To Build On Growing Economic Clout
The name was coined by an economist to group together the world's biggest emerging economies. Now BRIC (Brazil, Russia, India, and China) is holding its first official summit. It's seen as a sign they want to show their growing economic clout -- especially amid a global economic crisis that has pushed the world into its first postwar contraction.
June 11, 2009
Are Oil Prices Poised To Spike Again?
2008 was a roller-coaster year for oil prices. They soared to an all-time peak of $147 a barrel in July, before slumping to below $33 in December as the global economic crisis bit. Now they’ve rebounded, rising to their highest level this year at above $71 a barrel. What’s behind the rise and are we in for another spike?
June 09, 2009
China, Russia Line Up To Buy IMF's First Bonds
For the first time, the International Monetary Fund is planning to issue bonds. It's one of the ways the fund is trying to boost its resources to help countries hit by the economic crisis. China and Russia have already lined up to buy billions of dollars' worth.
May 27, 2009
Newspaper Industry Mulls How To Survive In Internet Age
A wave of job cuts, bankruptcies, and closures has hit the newspaper industry, particularly in the United States. The recession and the availability of free news on the Internet are blamed for turning newspapers into what one prominent senator called an "endangered species."
May 25, 2009
Rating Agencies Take Aim At Top-Rated Countries
April 23, 2009
New Study Shows Trade Boost From Olympic Bids
April 21, 2009
Do Economists See 'Green Shoots' Or Yellow Weeds?
Ben Bernanke was one of the first, spotting "green shoots" back in March. Then President Barack Obama spoke of "glimmers of hope" for the U.S. economy. And influential voices in Russia and Britain have said the worst of the crisis in their countries appears to be over. Are there real signs of economic recovery?
April 05, 2009
EU-U.S. Leaders Discuss North Korea, Turkey's EU Bid
April 01, 2009
Tense Talks Ahead
Leaders of the G20 have gathered to chart the next steps in dealing with the world financial crisis. U.S. President Barack Obama said he was confident leaders would find consensus. But the run-up to the summit was marked by differences, chiefly over the balance between extra spending and financial market regulation.
March 25, 2009
Czechs Latest Casualty As Economic Crisis Takes Political Toll
Domestic political squabbles were the chief cause of the Czech government's fall. But the center-right coalition's handling of the economic crisis played its part, too, making it the latest government in Central and Eastern Europe to be hit by political turmoil amid the economic crisis.
March 19, 2009
U.S. Central Bank Goes On Debt-Buying Spree
The U.S. Federal Reserve has announced it will start buying up billions of dollars of government bonds as part of a new trillion-dollar effort to revive the economy. The aim is to lower the cost of borrowing across the economy and get banks to lend more. But "quantitative easing" also carries risks -- that it could lead to inflation in the future, and hammer the dollar.
March 18, 2009
Economist Sees Future In Derivatives
He was one of the few people to accurately predict the bursting of not one but two financial "bubbles." The "dot.com" collapse in technology stocks at the beginning of the decade, and the U.S. housing market collapse that triggered the current economic crisis. So when Yale professor Robert Shiller comes up with suggestions for a way forward, they're likely worth hearing. One is about derivatives, the complex financial instruments -- many based on mortgages -- that were blamed for fueling the cri