NEW YORK, July 31- As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market aren't waiting around. Banks, money market mutual funds and other investors want to avoid being stuck with low-yielding debt when the U.S....» Read More
Expect the markets to test Mr Draghi's "pay any price, bear any burden" resolve very soon, at which point markets will correct until and unless euro leaders act fast to introduce the fiscal union necessary to maintain the currency's medium-term viability, writes Professor Moorad Choudhry.
Euro zone finance ministers pledged on Monday to agree a bailout for Cyprus by the end of March, but details of how the rescue will be financed are yet to be sorted out.
An inconclusive election in Italy, the region's third- largest economy, rattled investors and caused a sharp fall in Euro-Zone sentiment, Sentix said on Monday.
Italy could be inching closer towards another election within months after center-left leader Pier Luigi Bersani issued an ultimatum to anti-establishment 5-Star Movement boss Beppe Grillo to support a new government or return to the polls.
New research by Citigroup has shed a light on the growing gap between a weak economy and a bullish stock market in the U.K., but the bank says sterling's tumble could be a warning for overseas investors, particularly those from the U.S.
As central banks in Europe edge closer to deciding that their flagging economies need yet more monetary stimulus, they cast an envious eye towards China.
Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan.
"Germany did the minimum that was necessary to preserve the euro... And that is what maintained the crisis conditions," business magnate George Soros said.
Before the fall of communism, Vaclav Sloup trained the soldiers who caught thousands trying to flee across Czechoslovakia's fortified border to West Germany. Today, he helps power a Czech communist party that has surged to second place in polls, tapping anger over poverty and graft.
The risk that Britain is entering its third recession in four years grew with manufacturing shrank unexpectedly last month and mortgage approvals for home buyers dropped in January.
Italy's seasonally adjusted unemployment rate jumped to 11.7 percent in January from 11.3 percent the month before to hit its highest level for at least 21 years, data showed on Friday.
Spain's largest companies suffered the worst drop in quarterly earnings as new data showed the Spanish economy was shrinking at a faster rate than expected. The FT reports.
The ongoing euro zone crisis has meant exporters in Turkey have continued to seek new markets away from the continent and Turkey's Central Bank Governor Erdem Basci told CNBC that Iraq is likely to replace Germany as its number one export market by the end of the year.
Ireland has gone from having "no credibility or integrity internationally" and unsustainable debt to a recovery based on tough cost savings, but the pain is not over yet, Irish Prime Minister Enda Kenny told CNBC.
The European Central Bank is not about to remove the crisis measures it deployed to help the ailing euro zone economy, the central bank's chief said on Wednesday.
Europe is embroiled in a Japan-style "lost decade" and must solve its political problems before the economic crisis can be resolved, according to Charles Beazley, CEO of Nikko Asset Management.
Economic and business confidence in the euro zone improved for the fourth straight month in February, the European Commission said on Wednesday, as factories saw their order books filling up.
They find the language difficult and the locals as chilly as the weather but for young Spaniards Berlin has become a popular spot to sit out the economic crisis at home.
The European parliament and EU states could agree on Wednesday to impose caps on bankers' bonuses, a measure that would channel public fury at financial sector greed, but which opponents say marks a reckless overreach by Brussels.
The U.K. has a plateful of economic problems to contend with right now. A 1-notch downgrade to its credit rating isn't one of them, writes Moorad Choudhry.