Margareta Drzeniek-Hanouz, head of global competitiveness & risks at World Economic Forum, says productivity-enhancing reforms will resolve the new normal that's characterized by a shortfall in productivity.» Read More
Loose monetary policy in both the U.S. and Europe has kept global equity markets on “life support,” says Bill Browder, CEO of London-based hedge fund Hermitage Capital.
Lord Nicholas Stern of the London School of Economics didn't equivocate about his feelings on austerity in the United Kingdom when he spoke with CNBC on Thursday: It has not worked.
U.S. economic growth "is likely to be a little bit slower than we might have thought a couple of quarters back" because "the European situation is having an impact," Citigroup CEO Vikram Pandit told CNBC.
Despite recent actions by European regulators, billionaire investor George Soros told CNBC's Maria Bartiromo, more is needed to safeguard the teetering euro zone amid a possible Greek default.
George Soros, Soros Fund Management chairman, explains why the European debt crisis could be worse than the 2008 crisis in the U.S. While Europe has a common central bank, he points out, it has no common Treasury. By contrast, the U.S. had the authorities in place to deal with its financial crisis in 2008, he tells CNBC's Maria Bartiromo.
"We are completely focused on expenses," says Vikram Pandit, Citigroup CEO. "We are going to be cautious on the market side," he tells CNBC's Maria Bartiromo.
Bank of America CEO Brian Moynihan sounded optimistic Wednesday about a US economic recovery and discussed his plan to improve the company’s stock price.
While the clearing of all Facebook private market trades has been halted for three days, the market continues to operate on an as-normal basis and has not seized up as earlier reports indicated, according to people familiar with the matter.
German Chancellor Angela Merkel has rejected calls for a big increase in the eurozone's rescue fund.
As the top 1 percent gather for the World Economic Forum, the Swiss activists from the Socialist Youth Group of Switzerland have set up their igloos—yes, igloos—in the center of the Alpine City.
The financial crisis, social unrest, and upcoming elections in some of the world’s biggest democracies have increased the risk of "dystopia" in the world, a panel of experts told the World Economic Forum Wednesday.
"The year has started a little firmer," Morgan Stanley CEO James Gorman told CNBC during the Davos World Economic Forum. "The U.S. is in a little better shape than the markets have appreciated, and the markets are catching up."
The “key issue” facing Europe’s banks is raising capital, not improving liquidity, JP Morgan Chase International’s chairman Jacob Frenkel told CNBC Wednesday.
Although private equity is part of the larger capital markets that have driven growth and job creation in America, Glenn Hutchins, Silver Lake co-founder and co-CEO, tells CNBC that private equity gets a bad rap.
"The old, hierarchical command-and-control approach is increasingly outdated. Instead, the ability to seek out diverse viewpoints and identify blind spots has become essential," writes Beth Brooke, Global Vice Chair, Public Policy at Ernst & Young.
The euro zone is nowhere near finding a solution to the debt crisis plaguing it and needs deep restructuring as well as a new constitution as part of an effective long-term remedy as printing money will not solve its problems, Kenneth Rogoff, Professor at Harvard University told CNBC on Wednesday.
Europe needs "massive monetary easing" to get out of its debt crisis, otherwise Greece will likely abandon the euro in a year and a half, famous economist Nouriel Roubini told CNBC on Wednesday.
Billionaire investor George Soros on Wednesday minced no words on the financial troubles faced by the Europe Union, as he addressed the future of the EU before an audience in Davos.
Employment is the most important issue facing the world over the next decade, Vikram Pandit, chief executive of Citigroup, along with the other co-chairs of the World Economic Forum, told journalists in Davos Wednesday.
Even though falling solar panel prices led to a plunge in solar stocks in 2011, the CEO of U.S.-listed Suntech, the world's largest producer of panels, remains upbeat on the sector, saying it is has now become competitive vis-à-vis other energy sources.