Speaking at his annual press conference Friday, Chinese Premier Wen Jiabao announced more than $200 billion of new spending to bolster the nation’s flagging economy. However, Wen also voiced concern about China’s financing of U.S. debt – which U.S. President Barack Obama is counting on to fund this country’s massive stimulus plan. 

Russia’s continuing weakness could cost the country its membership in one of the most identifiable and esteemed investor acronyms – the BRIC nations.

Countries with strong commodity and cash reserves are going to be great markets on the far side of this financial crisis.

The terrible pile-up on the world’s financial highway has left us all in shock. We check to see if our fingers move. We look in the rear-view mirror to see if there is blood on our face. And then we crawl out of the car. Thank God, we can still walk! No broken bones.

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Investing your money and keeping it safe and sound is crucial, especially during a recession. Money Morning’s Mike Cagesso shows you a few DRIP companies to keep your eye on.

Oil rose towards $41 a barrel on Tuesday, lifted by expectations that the approval of an $800 billion-plus stimulus package by the U.S. government would boost demand for oil in the world’s largest energy consumer.

In an interview with the Financial Times yesterday (Monday), Chinese Premier Wen Jiabao said his government is ready to expand on the $586 billion (2 trillion yuan) stimulus package it unveiled late last year.

While the rest of the world is grappling with the global slowdown, China is figuring out ways to exploit it.

Yesterday Brazil’s central bank cut its benchmark interest rate from 13.75% to 12.75%, its first rate cut in 16 months and a move to guard the country’s economy from the global financial crisis.