German tax collection experts have volunteered to go to Greece to help combat widespread evasion, in a move that risks reigniting tensions between Berlin and Athens, the Financial Times reports.
Britain’s two part-nationalized banks plan to tap the European Central Bank’s special three-year funding scheme for a combined amount of about 15 billion euros ($20 billion), on a par with some of the euro zone’s largest banks, the Financial Times reports.
The euro hits a two-month high, it's best level since December 9th. What's behind the rally, with CNBC's Melissa Lee and the Money in Motion traders. Also, Wednesday's LTRO auction will show the real health of the European banking system. Making money off the LTRO auctions.
One of the challenges investors face today is how to reconcile seemingly conflicting messages coming from different markets. Is Dow 13,000 consistent with a 10 year U.S. Treasury at 2% and gold at almost $1,800? Is $125 Brent oil consistent with cyclically low implied volatility in many market segments, as well as widening CDS spreads for Middle Eastern oil producers?
We count down our five most popular videos from the past week, February 17 to February 24, 2012.
Risk appetite grows and European Central Bank President Mario Draghi talks tough - it's time for your FX Fix.
With the substantial rally, there is a significant risk of a correction in the short term, says Gemma Godfrey, Brooks Macdonald Asset Management, who says liquidity pumped into banks has not been passed to the wider economy.
Asian consumers, and especially the Chinese, are driving the growth in the luxury sector, which has continued unabated despite the woes of the economy elsewhere.
Market watchers, journalists and self-declared ECB experts of all ilk have fostered the long-cherished (and equally long misguided) view that ECB council members walk into the meetings waving the flag of their respective countries. They don´t.
The ECB will always focus on price stability as it is its sole mandate, but right now there is no "particular concern" when it comes to inflation expectations, ECB council member Erkki Liikanen told CNBC in an interview.
Investors trying to take advantage of rising commodity prices should avoid buying smaller, non-diversified mining companies, a commodities fund manager told CNBC Thursday.
Markets are trading near session lows after breaking 13,000 yesterday, with the Fast Money team.
Swiss Bank UBS plans to sell more loss-absorbing capital to meet tougher rules for banks following a $2 billion Tier 2 note issue, it said on Wednesday.
The second Greek bailout deal was finally clinched in the early hours of Tuesday morning, but market reaction has been decidedly mixed so far.
Your Money In Motion blogger was temporarily knocked out of commission after a skiing accident. Live from the rehab hospital, here's your FX Fix.
Greece's purported deal with its creditors will only last until a new government takes over following the spring elections, hedge fund manager Dennis Gartman said Tuesday.
The agreement by private sector holders of Greek government debt to take losses of 53.5 percent as part of the 130 billion euros ($172 billion) second bailout will actually see real losses of more than 70 percent, Charles Dallara, managing director of the Institute of International Finance told CNBC.
Stock index futures pointed to a rise in U.S. equities on Tuesday after euro zone finance ministers finally sealed a bailout for Greece. European shares steadied on Tuesday after hitting seven-month highs on Monday, with strategists saying the focus would now turn to the bleak outlook for Greece's economy after the country secured a bailout package.
It's 10.30 on a chilly winter's morning in central Madrid and retailer Emanuela Scena is opening up for business. But unlike the others, it doesn't take cash. It's part of a barter economy in goods and services that is gaining ground as the country tips into recession and already sky-high unemployment rates inch up.
The mood is growing surly in the south of Europe as austerity measures take hold. With unemployment at 20 percent in some countries – and youth unemployment as high as 50 percent – warnings are growing sharper about a troubling rise of populist feeling. The Christian Science Monitor reports.