William de Vijlder, group chief economist at BNP Paribas, suggests extensions of Emergency Liquidity Assistance (ELA) to Greece aren't sustainable.» Read More
Friday's market should feel the positive afterglow from Intel's strong earnings report Thursday, though the day could be decided by JPMorgan Chase's fourth quarter results and a batch of important economic data.
Jean-Claude Trichet’s hawkish comments on inflationary pressures and the resultant jump in the euro following Thursday’s European Central Bank's press conference talk has turned attention back to central bank exit strategies, an economist said Friday.
European stocks were set to dip Friday, tracking losses on Wall Street and in Tokyo, with heavyweight resource-related shares feeling the pinch of lower commodity prices.
The fears of the debt contagion spreading throughout Europe has been a source of concern this week as investors question which are countries too big to bail out. The acronym for the countries in question—Portugal,Italy, Ireland, Greece and Spain is perfect—PIIGS.
The Illinois House of Representatives passed a bill that raises the state income tax from a maximum rate of 3% to 5%. They also raised the corporate income tax...As painful as they are, we are in the position of having no choice and yet, these tax increases will not raise the expected amounts.
A lack of action on the US fiscal position could lead to a "buyers strike," according to Bob Parker, a special advisor to Credit Suisse.
European shares were seen mixed on Thursday, as investors take a breather after a brisk two-day rally, bracing for further debt auctions in the euro zone as well as interest rate decisions.
So, Portugal sold 1.2 billion euros of debt ($1.61 billion). Big deal. What does that prove? Surely in the context of sovereign debt, the amount is tiny. Moreover, Lisbon won't tell us who bought the paper.
The early morning hoopla Tuesday was that Japan had pledged to support the Eurozone in its continuing fight against the ill winds of threatened illiquidity by buying bonds. Probably bonds issued by the Financial Stability thing that has been set up by the European central bank.
Despite denials by the Portuguese Prime Minister Jose Socrates that the country will not be seeking financial aid from the IMF or the European Union, technical discussions are being held ‘quietly’ among European leaders about a possible bailout plan, the Portuguese newspaper Publico reported on its Web site.
Banking regulators have quietly taken a major step toward harmonized global regulation by agreeing to raise worldwide capital requirements whenever an individual country declares a credit bubble.
The European Central Bank intervened to prop up the euro zone bond markets on Monday as political leaders and bankers warned the debt crisis was deepening amid fears Portugal was edging closer to an international bail-out. The FT reports.
European shares were set to rise on Tuesday, after Wall Street finished off lows, and Alcoa kicked off earnings season by beating forecasts.
European sovereign debt is the US stock market's bad penny—it keeps turning up where it's not wanted and at the most inopportune times.
Dennis Gartman, founder of "The Gartman Letter," said he still expects the euro to split into two currencies.
Greek bond yields hit another record high Monday amid a broader flare-up in Europe's debt crisis and despite better than expected deficit reduction figures.
European stocks were seen mostly unchanged on Monday, following last week's strong gains, as investors brace for this week's flurry of debt auctions in the euro zone.
Less than a month after bailing out Ireland, and after a holiday lull in the markets that may have looked mistakenly like calming, the European Union is again struggling to persuade investors that it has the cash and the will to address the root cause of its travails. The New York Times reports.
From Portugal and Spain to the state of housing in the US, here are some notable themes to watch for in 2011.
European stocks were seen retreating on Wednesday, losing ground for the first time this year, as heavyweight resource-related shares feel the pinch of a sell-off in commodity prices.