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Latest news about the state of the world economy.
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Goodbye “Hello Kitty”
At age 36, Hello Kitty may be running out of product lives. That is the fear of executives at the Sanrio Corporation, the Japanese company that created the cute,...
Deflation Fears Rise in US with Lowest Inflation Since 60s
Consumer prices fell in April for the first time since early last year, and inflation rose at its slowest rate since the 1960s, a new government report said ......
China Inflation Grew in April, But Strong Growth Continues
China's inflation accelerated in April, triggering fears of overheating and a possible credit clampdown by Beijing that might slow the country's economic recovery. April consumer prices rose 2.8 percent...
At Cannes Film Fest, Global Economic Crisis Visible On- and Off-Screen
The global economic crisis has already shaped up as one of the defining stories at this year’s Cannes Film Festival. Its effects are evident both in empty theater seats...
Fujitsu, High Level Japanese Corporate Mysteries Continue
By global standards, Japanese companies are seen as taking an idiosyncratic approach to corporate governance. But even by Japanese standards, a several high-level management changes at the technology giant...
India IPL, BCCI & Lalit Modi: Cricket’s Huge Popularity Brings Huge Problems
Founded three seasons ago, the Indian Premier League managed to make the sport of cricket sexy. India’s corporate titans bought teams, Bollywood stars infused matches with celebrity glamour and...
Eastern Europeans Outside Euro-zone Still Hungry for Loans
When the currencies of countries like Hungary and Romania plunged last year, thousands of businesses and homeowners there found themselves stuck with some of the most extreme variable-interest-rate loans...
Chief SEC Investigator Could Lose Quarter-Million in Deutsche Bank Inquiry
The SEC's Director of Investigations Robert Khuzami recently recused himself from pursuing an investigation against Deutsche Bank in regard to potential CDO malfeasance. The SEC's Director of Investigations Robert...
Euro Debt Crisis Now Directly Affecting Chinese Exports
The pain of the European debt crisis is spreading as the plummeting euro makes Chinese companies less competitive in Europe, their largest market, and complicates any move to break...
Financial Regulators, Markets Struggle To Avert Massive Stock Dives
Federal financial regulators forged ahead to try to prevent a repeat of the May 6 roller-coaster stock ride, though they had not determined the cause of the sudden, steep...


