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Growth in the euro zone's dominant service sector slowed for a third straight month in June, and by more than an initial estimate, with sluggish new orders dimming the outlook, a survey showed on Tuesday.
The European Central Bank will continue to accept Greek debt as collateral for loans unless all the major credit rating agencies it uses declare it to be in default, said a senior finance official to the Financial Times.
"Risk on" and "risk off" continue to be debated and the weakness of the global economy is weighing on investors, but European high yield corporate bonds are enjoying something of a rally.
European companies' earnings for the second quarter of the year will be driven down by the high euro and Swiss franc and rising commodity prices, according to analysts at Deutsche Bank.
A Greek default is coming and the European authorities trying to avoid it will have to face up to it eventually, a leading economist told CNBC Monday.
The price of corn is the latest of a series of signals that remind investors about 2008, the year the financial crisis spread across the globe and Lehman Brothers collapsed, Simon Derrick, chief currency strategist at Bank of New York Mellon, wrote in a note Monday.
Volumes of business across the UK financial services sector slowed in the three months to June but jobs jumped, a survey published by the Confederation of British Industry (CBI) revealed on Monday.
Little by little, the woman's credibility as a witness crumbled — she had lied about her immigration, about being gang raped in Guinea, about her experiences in her homeland and about her finances, officials told the NY Times.
A tale of two euros: Despite Greek turmoil, the ECB is expected to raise rates next week. How to profit using currencies, with CNBC's Scott Wapner and the Money in Motion traders. And will next week's jobs report lift the dollar.
The week's top business news and investment advice, including end of QE2 plays, European equities, financial favorites and more.
The euro had a big runup after the Greek crisis was temporarily resolved, but traders are flummoxed about next moves.
Warren Buffett famously said: "It takes 20 years to build a reputation and five minutes to ruin it."
The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.
Japanese businesses are pessimistic and euro traders don't know what to think — it's time for your Friday FX Fix.
Strong medicine for Greece will jumpstart aid plans and currency investors' fears will ease, one strategist says.
Greece bites the bullet and currency investors get busy. Time for your Thursday FX Fix.
The UK banking sector may never recover its once - dominat position in the global economy following the financial crisis of 2008, a new survey revealed on Thursday.
Press reports that the European Banking Authority (EBA) could fail up to 15 European banks as a show of the strength and resilience of the tests are completely unfounded, the EBA’s chairman said on Wednesday.
The UK government needs to address the concerns that the parliamentary committee which oversees the banking industry still has over its proposed regulatory reforms, a senior Conservative politician has told CNBC.com
Money market funds have long been a popular haven for conservative investors, but they could become one way that the tremors of the financial crisis in Greece touch the pocketbooks of Americans — about 50 million of them the New York Times reports.