Analysts say they would not be surprised to see stocks take aim at January's lows in the week ahead.» Read More
The United States fell two places to fourth position behind Switzerland, Sweden and Singapore in this year's World Economic Forum's "Global Competitiveness Report."
The new rules that will be imposed on banks to ensure a crisis like the one that started in 2007 will not be repeated are necessary, but they will take time to implement, Unicredit CEO Alessandro Profumo told CNBC at a banking conference in Frankfurt.
Western governments are bankrupt, Ruth Richardson, ex-New Zealand finance minister whose austerity cuts were dubbed "Ruthanasia," warned in a CNBC interview.
The Irish economy is back in focus for investors across the world, after the former Celtic Tiger extended guarantees to its banking industry and depositors.
The Wall Street Journal has been analyzing the results of the European banking stress tests and wrote in a story published Tuesday that "some banks didn't provide as comprehensive a picture of their government-debt holdings as regulators claimed."
The rest of the year will be "less buoyant than the second quarter" and the ECB remains "very cautious and prudent," ECB President Jean-Claude Trichet told CNBC in an exclusive interview.
How much longer will Germany want or need to be a member of the euro zone is a question that's been increasingly asked since the start of this financial crisis.
"No actor, no product, no sector, no territory should no longer be able to escape sensible and intelligent regulation and supervision," Michel Barnier, the EU Commissioner for financial services, warned in an interview with CNBC.
A stronger yen is good news for German machinery and auto companies whose main competitors often are based in Japan. The New York Times reports.
Prudent fiscal policy will help foster confidence within the euro zone, European Central Bank President Jean-Claude Trichet told CNBC.
The world’s most developed economies, which have been racking up spending since the mid-1960s, face record levels of debt as a result of the 2008-9 financial crisis and have little room for maneuver, the International Monetary Fund warned on Wednesday. The New York Times reports.
The United States needs to stop printing money and take on austerity measures like the Europeans did, in order for the economy to recover, renowned investor Jim Rogers told CNBC Monday.
What was obvious at last week's annual meeting of central bankers at Jackson Hole, Wy., was that they aren't certain how to conduct policy now that interest rates are near zero. There also are big differences about what to do when things return to “normal.”
In a global economy that has been plagued by troubles in the world’s financial systems, the words “safe” and “bank” still give investors pause.
While immediate market tensions have mostly passed, the sovereign debt crisis continues to be a challenge in Europe and fiscal consolidation is an important “long-term project,” said Axel Weber, president of the Deutsche Bundesbank.
Ed Balls will on Friday say that a “hurricane is about to hit” Britain’s economy, in the most dramatic warning yet by a Labour politician that the coalition’s plans to cut the deficit risk pitching the country into a double-dip recession. The FT reports.
When the European Union stepped in this spring with a €750 billion ($955 billion) rescue package to back Europe’s weaker economies, the threat of imminent default practically disappeared, the New York Times reports.
Nicolas Sarkozy on Wednesday set out his agenda for France’s forthcoming presidency of the G20 group of leading economies, proposing measures to reduce currency fluctuations, curb commodity speculation and speed up reform of international institutions.
The euro zone’s growth spurt lost momentum this month, as an expansion in output in Germany and France failed to make up for a near standstill elsewhere, the FT reports.
Data this week is expected to show Germany’s economy continues to outperform its peers in the euro zone and the US, but one economist is warning investors not to get carried away.