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World business news - CNNMoney.com
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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
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Dollar mixed as jitters persist
The dollar was mixed against major currencies Friday as investors remain risk-averse amid global economic uncertainty.
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Oil settles below $50 again
The price of oil fell Friday, settling at a 5 1/2 year low, as volatile stock prices raised concerns about waning global energy demand.
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China fears job riots
The job outlook is 'grim' and the global financial crisis could cause more layoffs said China's minister of human resources and social security.
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The bravest woman in oil
Ann Pickard's title sounds normal enough - she's regional executive vice president in Africa for Royal Dutch Shell's exploration and production division. But there's nothing normal whatsoever about Pickard's job. Indeed, as Shell's top official in Nigeria, Pickard may well hold the most dangerous executive post within the oil industry.
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Citi plunges 26% - lowest in 15 years
Citigroup Inc. suffered another brutal day on Thursday as shares tumbled to their lowest level in more than 15 years.
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Asian markets rebound strongly
Most Asian markets rebounded strongly in afternoon trading Friday, with financials such as Mizuho Financial Group and HSBC Holdings leading the bounce after a string of recent declines.
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Billions failed to fix UK's car industry
Some jobs were saved, for a while. But did the British taxpayer get value for money? It seems very doubtful.
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Shoppers: Wait 'til next year
While U.S. merchants are a few weeks away from wrapping up a potentially disastrous 2008, experts say there is some relief on the horizon in 2009 for both stores and consumers - and it's coming from thousands of miles away in China.
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Iceland gets $4.6 billion bailout
Nordic countries agreed to lend struggling Iceland $2.5 billion to help it recover from a series of crippling bank failures, bolstering a $2.1 billion aid package from the International Monetary Fund, their governments announced Thursday.
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Global stocks fall sharply
Overseas stock markets fell sharply Thursday, taking a cue from Wall Street, as investors remained anxious about the grim outlook for the global economy and corporate profits.
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Italy approves Alitalia buyout
Read full story for latest details.
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Chinese automakers seek help
Read full story for latest details.
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U.S. opens food safety office in China
The first foreign office of the U.S. FDA opened in Beijing after an influx of contaminated Chinese food and drug imports to the U.S.
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HSBC to cut 500 jobs in Asia
Read full story for latest details.
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