Nikos Filis said Greece was seeking a full agreement so that it could receive a first payment of 25 billion euros. Filis was speaking amid signs of progress in talks between Greece, the International Monetary Fund and European Union institutions on a new bailout worth up to 86 billion euros. A deal must be must be settled by Aug. 20, or a second bridge loan agreed, if...» Read More
Perhaps we were wrong to cite the CBOE's VIX contract as a good indicator of market volatility? Recent events, including on-going military action in Libya and the Portugal sovereign debt crisis, would have suggested that the market should sell off on greater uncertainty, and yet the VIX fell from 29 last week to 17 today. Are investors becoming more sanguine about these issues?
Will the euro zone survive its crisis? That was the question I raised three weeks ago. My answer was: yes. My argument was that economic self-interest and political will would combine to preserve the common currency, in spite of the difficulties, Martin Wolf from the Financial Times writes.
What do you do when the ugly get uglier and you are looking for a profit in the currency markets?
Like stocks, the euro has so far this year shrugged off the so-called wall of worry. Concerns that the likes of Greece, Ireland or Portugal could default have not led to euro losses.
The current market environment reminds me of the movie “Wayne’s world” that I saw longer ago than I care to remember. The party mood on the markets just continues in the face of clear and present dangers.
European shares were indicated to open slightly higher Tuesday, with worries about Japan's nuclear crisis and Middle East unrest still running high.
Portugal's central bank on Tuesday releases its projections for the country's economic outlook and investors are likely to watch closely for changes in the growth forecast, as the country has been plunged in a political crisis because of its austerity measures.
I'm looking to see if we get the same consistent message from members of the Federal Reserve: the economy has recovered, there are risks to the current monetary policy and there needs to be an explicitly stated "exit" program.
The heavy and humiliating defeat for German Chancellor Angela Merkel's collation in regional elections on Sunday is unlikely to derail parliamentary support for euro zone rescue measures but may bring uncertainty in financial markets, according to an analysis by Barclays Capital.
European stocks were indicated to open lower Monday, after a defeat of Angela Merkel's conservatives in a regional stronghold and with oil prices slipping.
Unilever is set to become the first European multinational to launch an offshore renminbi-denominated “dim sum” bond when it raises Rmb300 million ($46 million) from institutional investors in Hong Kong on Monday, bankers say, reports the Financial Times.
From Portugal to Ireland, nothing has dented the euro's surprising strength. And in Canada, even a no-confidence vote hasn't jarred the Canadian dollar. Here's how to trade them.
There is one market, far away from Asia, which may surprise in 2011: the USA, according to Frederic de Narp, CEO and President of diamond giant Harry Winston.
Some of the world’s largest hedge funds and private equity groups have held talks with Spain’s troubled savings banks as they rush to secure €15 billion ($21.3 billion) in new capital to avoid a state bail-out, Financial Times reports.
European stocks are called to follow Asia and open higher on Friday, despite another ratings downgrade for Portugal, this time from Standard & Poor's.
Reserves injected by the Bank of Japan and the European Central Bank are going to gold and equities, rather than being used for timber, steel and copper down the road. Dennis Gartman, The Gartman Letter, explains why it's happening.
Attempts by Germany to renegotiate the structure of the European Stability Mechanism (ESM) just as markets believed things had been settled at the meeting of euro zone leaders last week are an "ominous sign," Simon Derrick, the head of research at Bank of New York Mellon, wrote in a market note.
Warren Buffett told CNBC Thursday that the collapse of the euro zone's single currency is far from "unthinkable." "I know some people think it's unthinkable...I don't think its unthinkable," Buffett said.
"Crito, we owe a rooster to Asclepius. Please, don't forget to pay the debt." According to Plato, these were the last words of the Greek philosopher Socrates, following his decision to drink poison rather than try and pay off the guards and escape from prison.
Austerity and political longevity are clearly not correlated, following the fall of another euro-zone government.