From a "Grexit" to the closure of banks, here are six myths about the Greek crisis, says Nicholas Economides, an NYU professor and adviser to Greece.» Read More
If the monetary policy committee of the Bank of England were paid a performance bonus, its members would deserve nothing. The UK’s inflation outcome has been far from target over a long period. So should the MPC raise rates now to make up for its past failures? No. But its position is becoming very uncomfortable, according to the FT.
The French finance minister, Christine Lagarde, was on a panel at the World Economic Forum in Davos this January when her usual smile turned into a frown. Next to her, Robert E. Diamond Jr., chief executive of Barclays and one of the most powerful bankers in the world, thanked regulators and finance ministers for their role in shaping a better environment after the financial crisis.
German Chancellor Angela Merkel reiterated on Thursday that she wanted a European to become the next IMF chief and that Dominique Strauss-Kahn's exit before the end of his term was an argument in favour of such a move.
Just 20 percent of the Greek electorate believe the country should abide by the terms of the European Union/International Monetary Fund loan agreement and pay off all its debts, according to a poll in a Greek newspaper.
The sight of Dominique Strauss-Kahn, managing director of the International Monetary Fund and prospective candidate for the French presidency, doing the "perp walk" was stupefying. If the charges are true, this capable man is a lunatic. But, unless the case collapses, the event will cast a long shadow, according to the FT.
Following huge losses for the Russian market in 2008, investors have eyed stocks in Moscow skeptically and refused to give them the same rating as those in other BRIC members, Brazil, India and China according to Roland Nash, the chief investment strategist at Verno Capital.
Angela Merkel, German chancellor, has spelt out her strong opposition to restructuring debt in any member state of the eurozone, contradicting speculation that Germany was pushing such a solution in Greece.
Earlier today, I had the pleasure of interviewing former Speaker and now House Democratic leader, Nancy Pelosi. We’ve had several interviews down through the years. And while we’ve disagreed on a number of topics, I do have enormous personal respect for her.
The IMF, or International Monetary Fund, is an intergovernmental agency that works to keep exchange rates and the international system of payments stable.
Dominique Strauss-Kahn may be in trouble, but it's not going to dent the euro, these experts say.
Jamie Cox, Harris Financial Group, and Keith Springer, Springer Financial Advisors, discuss what the IMF sex scandal means for markets and investing.
Today, European finance ministers are meeting with a heavy and difficult schedule on periphery debt. While the Dominique Strauss-Kahn imbroglio/sex case makes it way through the US judicial system, the European debt situation should not be materially changed in a negative way by the development.
Dominique Strauss-Kahn is arrested, and investors would like some safe havens, please. Time for your daily FX Fix.
Commodity prices are in an upward trend despite the dramatic falls witnessed in recent days, and will rise in US dollar terms over the longer term, while the situation in Europe "does not look good," Templeton Emerging Markets Executive Chairman Mark Mobius told CNBC in an interview.
Decisions by politicians on how to deal with debt on both sides of the Atlantic will be crucial to prevent another Lehman-style crisis, economists and analysts told CNBC in a debate about banking in the European Union and in the US.
Dominique Strauss-Kahn’s arrest may have little immediate effect on the International Monetary Fund’s operations. Yet it may well force the organization’s member countries to confront wider issues of European influence over the fund, even as it prepares to extend more huge rescue loans to western Europe, reports the FT.
Markets will enter a new "risk-off" phase in 2011 that will last into 2012 and maybe even 2014, according to Nomura’s Bob Janjuah.
The managing director of the IMF, Dominique Strauss-Kahn, was taken off an Air France plane in New York on Saturday and arrested in the sexual attack of a maid at a Midtown Manhattan hotel, the authorities told the NY Times.
It's been a rough week for the euro, and there's more in store, these traders say.
A detailed look at currency trading, with CNBC's Melissa Lee and the Money In Motion traders.