On the news companies most tethered to the global economy rallied. "Caterpillar led the group, along with Cummins," Cramer said. Next Euro Zone PMI absolutely wowed Wall Street. This measure of manufacturing activity grew for the first time in two years.

Positive signs on the global economy were the catalyst Thursday. Data from China and Europe showed improvement in manufacturing. In the U.S., in addition to a strong report on manufacturing, a drop in unemployment claims indicated a strengthening job …

Asian stocks rose, paring the regional benchmark index's first weekly drop since June, as global manufacturing reports beat forecasts and central banks vowed to maintain stimulus. Honda Motor Co., which gets about 83 percent of sales outside of Japan, …

Longer-term, the U.S. could also represent a risk to the global economy if it does nothing to bring its debt under control, the IMF said. The IMF says the U.S. should cut back on austerity in the near term for fear of choking off the incipient recovery …

Overall, the European and Chinese PMIs allayed worries the global economy's mid-year lull will deepen from here, although that view could hinge on how many jobs the U.S. economy – still the global driver – added last month, with the figures due on Friday.

A statement released on July 30 by the World Bank Group says the latter committed a record US$14.7 billion in fiscal year 2013 (July 2012 to June 2013) to support economic growth and better development prospects in Africa despite uncertain economic …

The message from both of us was of a resurgent Africa, a place for business and for opportunity, drawing strength from internal positive dynamics and still resilient to the slowdown in the global economy. We both emphasized how the work of the African …

The world's 50 largest chemical companies — with combined 2012 sales of almost $1 trillion and products that touch the lives of people everywhere — are the topic of the cover story in the current edition of Chemical & Engineering News. C&EN is the …

In recent months, however, the efficacy of their stimulus has come into question, and a weaker global economy has brought demand for the safe haven currency. The Aussie dollar sold off on Tuesday as weak economic data from the country sparked the …