HSBC reported a 2% rise in adjusted H1 pre-tax profit to $13 billion on the back of China's stock market frenzy and investor enthusiasm in Hong Kong.» Read More
European equities edged higher on Tuesday, building on the previous session's strong gains and bolstered by expectations that euro zone finance ministers will approve the next tranche of bailout cash for Greece.
CNBC's Michelle Caruso-Cabrera reports on Europe's market-moving activities, as Moody's downgrades France's credit rating, and Credit Suisse plans to restructure its investment banking division.
Expect a risk rally over the next few days, but next week could be another story. Here's how to trade the shifting winds.
As Greece redoubles its efforts to raise billions to cut its debt and stoke its economy, the move toward privatizing assets faces daunting hurdles, the New York Times reports.
A new report suggests that five years of gloomy headlines and negative sentiment have combined to create a collective “state of shock” among investors.
The Bank of Japan stands pat and the Greek drama plays on — it's time for your FX Fix.
The global economy will be stuck in a “twilight zone” of sluggish growth in 2013, Morgan Stanley has warned.
CNBC's Silvia Wadhwa has the update on whether the euro zone is ready to give Greece approval for more funding.
By most measures, the personal finances of Anne Zimmerman, a small-business owner in Cincinnati, have little in common with those of Oracle’s chief executive, Lawrence J. Ellison. The NYT reports.
CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks drift lower after Moody's stripped France of its AAA-rating.
The contest to fill Silvio Berlusconi’s shoes and lead Italy’s centre right into elections next year has opened with about a dozen candidates stepping forward, including Benito Mussolini’s grand-daughter. The FT reports.
It is a once in a generation moment. For the first time in more than 50 years UK pension funds are holding more bonds than equities. The FT reports.
Spain plans to offer residency permits to foreigners who buy houses priced at more than 160,000 euros ($203,845) as part of its efforts to revive a collapsed real estate market and divest itself of hundreds of thousands of unsold homes.
Ratings agency Moody's Investors Service stripped France of its prized triple-A credit rating on Tuesday, triggering worries the move could heighten the risk of a downgrade for other top-rated nations, including the United States and the single currency bloc’s largest economy Germany.
Paul Bloxham, Chief Economist for Australia and New Zealand, HSBC says France's rating downgrade is a sign that a peripheral euro zone country story is moving to the core countries, and that Europe's debt woes will be around for quite some time.
Jacob Kirkegaard, Research Fellow, Peterson Institute for International Economics (PIIE) says it is highly unlikely that Germany will be downgraded following a ratings cut on France. He says this downgrade doesn't change the fundamental outlook of the euro area.
This pro says the Norwegian krone is the way to go.
The European stock indexes closed sharply higher on Monday on signs of progress in U.S. negotiations to avert the looming $600 billion “fiscal cliff” of tax hikes and spending cuts.
CNBC's Rick Santelli talks with Mark Grant, Southwest Securities, about why they are not very optimistic about an economic recovery in Greece.
CNBC's Rick Santelli weighs in on making markets move through fiscal reform.
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European equities opened slightly higher Monday as investors keenly watch the opening of the Greek stock exchange and digest weak manufacturing data from China.
Anthony Skinner, director and head of MENA at Verisk Maplecroft, discusses how Turkish president Tayyip Erdogan has justified the conflict with the Kurdish insurgent group.
Charles Liu, founder of Hao Capital, says further stimulus by the Chinese government wouldn't be very helpful in the long term.