Bank of Canada, Bank of Israel, Bank of England… CNBC takes a look at the central banks other than the Fed that may opt for negative interest rates.» Read More
While markets are hyper-focused on the Friday speech at Jackson Hole by Fed Chairman Ben Bernanke, they are overlooking what could be an equally important Saturday appearance by IMF Managing Director Christine Lagarde.
The idea that Paulson needed a crisis in order to solve a bigger crisis could be seen by some as a post-game rationalization by the former official, but it raises some interesting questions for German Chancellor Angela Merkel and Europe's ongoing sovereign debt crisis.
There will be improvement in the U.S. economy in the second half of the year, according to Barclays Capital managing director Larry Kantor, but there will be an overhang from continued uncertainties in Europe.
On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.
"I think the German PMI announcement will have an impact on spread widening, because investors will see it as an indication that the world is slowing, Germany is slowing, and in general, risk is increasing," Adrian Schmidt, FX strategist at Lloyds Bank Corporate Markets, told CNBC.
European leaders are being pushed into closer fiscal union sooner than they had anticipated by volatile markets concerned over a dearth of ideas on how to solve the sovereign debt crisis in the euro zone, analysts and investors told CNBC.
As markets around the world prepared for another turbulent week, worries that a rerun of the events of 2008 is in the cards are adding to uncertainty, investors told CNBC Monday.
Euro bonds are exactly the “wrong answer” to the current crisis and would merely lead the euro zone to a "debt union" rather than a “stability union” according to German Chancellor Angela Merkel.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
A look at the currencies to watch, with Nick Bennenbroek, Wells Fargo head of currency strategy.
Traders in the City of London, one of the financial districts of the UK capital, see a market environment where trust has all but evaporated and the best course of action is often to do absolutely nothing.
Investors are looking for any safe haven in a storm — it's time for your FX Fix.
While European banks do have substantial investments in sovereign debt, the concerns in Europe are overblown and the banks will get through this rough patch, says Kelly King, BB&T Corporation chairman/CEO.
Spain will announce further austerity measures on Friday in a bid to fend off debt market attacks but avoid the kind of drastic cuts that could damage the ruling Socialists' chances in November's general election.
The “Euro bond” solution to the euro zone’s sovereign debt problems appears to be an idea whose time has come, Moorad Choudhry writes.
A viewer tweeted me last week (@louisabojesen) saying "Don't phone lines exist between Berlin and Paris? Why was the face-to-face meeting necessary between French President Nicolas Sarkozy and German Chancellor Angela Merkel?"
With no fresh U.S. economic data to rattle markets Friday, traders are bracing for another ill wind from Europe.
Like a cyclone, speculation that Europe's banks are beginning to suffer from exposure to the sovereign debt crisis ripped across global markets, taking bank shares and other stocks lower.
Even as France and Germany were proposing new euro zone reforms, Finland was inking its own deal with Greece. Now others want in.
Ray Dalio "correctly points out that the Europeans did not use the short ban to raise, they didn't do anything [Timothy] Geithner did," Jim Cramer said. "So we have these banks, you don't really know what they own because there's absolutely very little clarity, and they don't have enough capital."