As the bets that European banks made on United States mortgage investments went bust a few years ago, bankers piled into what they saw as a safe refuge: bonds issued by countries in Europe’s seemingly ironclad monetary union. The NYT reports.
Japan walks softly carrying its intervention stick, and Italy votes on austerity - it's time for your FX Fix.
Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.
Italy may need to exit the euro zone and revert to its own national currency to resolve its debt crisis, thereby forcing the break-up of the euro zone, Nouriel Roubini wrote in an opinion piece in the Financial Times on Friday.
Political change in Italy will hold market attention Friday in what could be an otherwise quiet day, with the U.S. bond market closed for Veteran’s Day.
BlackRock Investment Management Institute’s Ewen Cameron Watt says he sees an opportunity in Italian short-dated debt.
Doomsday talk about Europe has been everywhere, but the euro keeps hanging in. Here's one strategist's reason why.
Lucas Papademos might have been hoping to gently ease into retirement after close to four decades as an economist and central banker.
Euro zone weakness is impacting the global economy: European Union lowers growth forecasts.
The swirl around Italy's debt woes is likely to dominate markets Thursday, after the rapid rise in Italian borrowing costs sent risk assets cascading around the globe Wednesday.
Fears that Italy, the world's third-largest debtor nation, cannot afford its obligations shook world markets, sending investors into the relative safety of the U.S. dollar and Treasurys.
Fears that Italy, the world's third largest debtor nation, cannot afford its obligations shook world markets, sending investors into the relative safety of the U.S. dollar and Treasurys.
Italy sends the euro tumbling, and Britain needs more exports, please - it's time for your FX Fix.
Financial markets will again be put to the test Wednesday by developments in Italy, which investors fear could drag down the world economy if it does not get its fiscal house in order soon.
With all eyes on Swiss central bankers and Italian lawmakers, it's Europe day again - time for your FX Fix.
Are we still entrenched in the pattern of risk-on or risk-off? "It's too simplistic," says Kevin Ferry, Cronus Futures Management. "There's like a Pavlovian response that when the euro goes up you buy risk assets."
Wall Street bonuses are set to fall by an average of 20 to 30 percent this year from a year ago, according to a closely watched compensation survey—the weakest bonus season since the financial crisis and a reflection of the leaner times confronting the industry NYT reports.
The scale of Europe’s debt problems has forced its central bank to go beyond its traditional role in order to limit the cascading effect of the crisis, the former Chairman of the U.S. Federal Reserve Paul Volcker, told CNBC on Tuesday.
Traders, across the financial markets and around the world, expect to spend another day Tuesday watching Italian bonds.
Greece may anoint a MIT-trained economist named Lucas Papademos who once worked at the Federal Reserve as interim Prime Minister.