Famed short seller Carson Block called the Chinese stock market the ultimate pump and dump. Now he's warning about Europe.» Read More
The euro nears parity with the dollar, the Bank of England undertakes its own QE2 and Greece opts to restructure its debt.
Seven of 91 European banks failed stress tests aimed at measuring their strength in case the continent's government debt crisis takes a turn for the worse, regulators said Friday. European Union officials hope the results will reassure markets worried about hidden bank losses from the crisis.
Three European banks have revealed capital-raising plans before the results of stress tests were due to be made public, the FT reports.
Friday at noon, New York time, 91 banks in Europe will reveal how strong they would be if the region went back into recession over the next two years and the sovereign debt they hold plunged in value.
Forget about stress tests as a way of gauging the health of Europe's banking sector. Instead you should look to the biggest-spending soccer team, according to Jim O'Neill, chief global economist for Goldman Sachs.
The National Bank of Greece is confident it will pass the European Union stress tests and is not looking for an increase of capital or a merger at the moment, its chairman told CNBC Wednesday.
Investors do not see Portugal's rating downgrade by Moody's as an event that will shake the markets, but it confirms the fact that the outlook for the euro zone is still cloudy.
Moody's slashed Portugal's credit rating by two notches to A1, citing a deterioration of the country's debt ratios and weak growth prospects, the ratings agency said Tuesday.
Depending on country of residence, dramatic differences exist in the working lives of citizens from different nations. CNBC.com took a look at several major factors that can significantly affect the quality of work life — average income, income taxes, retirement age, average work week and average vacation days — over 22 select countries around the world.
If you chose to move from your current country of residence, where would be the best place for you to go? That's the question this year's HSBC Expat Explorer Survey 2009 is trying to uncover.
So, which countries boast the biggest amount of foreign direct investment? Click to find out!
Global Finance Magazine recently graded 31 central bank chiefs in its "Central Banker Report Cards 2009" based on their performance. Here's a look at 15 key bankers and how they scored.
So, what are the most beautiful currencies in the world? David Standish, author of The Art of Money, shares his comments and top picks.