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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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FACEBOOK'S MODEST DEBUT
Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price.
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Europe fears pressure world markets
European markets were mixed Friday as investors remained anxious about Spanish and Greek banks, while Asian stocks sold off sharply amid worries of a further slowdown in China.
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Does Spain deserve its financial battering?
The country, which is in its fifth year of recession, has recently proved ungovernable and has a debt it can probably never repay despite bailouts, may find itself forced to default and reissue its own currency.
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U.S. stocks: Worst week of the year
Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market.
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No, Facebook didn't make Bono richest musician
Reports of Bono's payday have been greatly exaggerated.
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Facebook: Many mutual funds already have a stake
Whether you do or don't like Facebook, you may already own a piece of the social media site: over the past year, nearly 70 mutual funds have snapped up pre-IPO shares on private markets.
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Dear Greece, be careful what you wish for
What you are going through has made it clear that austerity is not an easy solution.You, the Greek people now have a chance to do something I suspect millions in Europe would dearly love to do - vote on whether to leave the euro
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Spain's government to urge calm
The government is expected to urge calm in the wake of bank downgrades and worries about the health of the overall banking system.
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Moody's downgrades Spanish banks
Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe.
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Senators to Eduardo Saverin: Don't come back.
Sens. Chuck Schumer and Bob Casey, held a press conference Thursday morning on Capitol Hill where they outlined legislation that would prevent the Facebook co-founder from ever returning to the United States.
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Tokyo firm sinks $100 million in Pinterest
Hot social network Pinterest just landed a sizable cash infusion: The company raised $100 million in a financing round by e-commerce giant Rakuten. Existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital also participated in the round.
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World's largest economies
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New U.S. tariffs on Chinese solar panels
The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels Thursday, a move critics said could raise costs for consumers and further inflame trade tensions with Beijing.
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No 'Facebook-mania' overseas - The Buzz
Facebook. Facebook. Facebook. Facebook.
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Obama may tap Strategic Petroleum Reserve
Despite the recent fall in oil prices, analysts say President Obama may tap the Strategic Petroleum Reserve as sanctions on Iran take hold.
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Japan's economic growth nearly doubles U.S.
Japan's gross domestic product grew at nearly double the U.S. rate for the first quarter, an unexpectedly strong sign of recovery in the wake of last year's devastating earthquake and tsunami.Japanese GDP grew 4.1% annual rate in the first quarter, showing post-tsunami rebound. That's nearly doubled the U.S. annual rate of 2.2%.
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Nissan wants Toyota's crown
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Facebook IPO: The art of pricing the right pop
With seemingly unceasing demand for Facebook's initial public offering, the banks that are in charge of selling the stock to investors might seem to have the easiest job in the world.
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Iran threatens legal action against Google - CNN
Iran has threatened legal action against Google for not labeling the Persian Gulf on its maps.
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Moody's downgrades Spanish regions
Spain got yet another slap in the face Thursday, when Moody's Investors Service downgraded four regions of the country due to their poor fiscal performance.
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