LONDON, Feb 9- A European Union draft law to curb risky trading at banks could be scrapped unless there is consensus on it among the main parties, a senior European Parliament member said on Tuesday. The reform, which needs joint approval from EU States and the bloc's parliament to become law, seeks to stop banks from engaging in excessive risky trading which has the...» Read More
What happens if Greece defaults? Everyone from Japanese savers to US retirees is likely to feel the effects. Learn more.
More Greek drama: rapid price changes in a corner of the currency markets suggest banks are worried about an interbank lending freeze, absent a rescue plan for Greece.
When you have a country with a debt-to-GDP ratio that rises above 150%, historically that country defaults. I bring this up because the debt-to-GDP ratio in Greece is somewhere in the neighborhood of 160%.
The executive in charge of restructuring Lehman Brothers sees some "striking" similarities between his company and Greece, he told CNBC Thursday.
Regardless of whether there is another Greek “save”, preventing the actual default that still seems inevitable, the fact remains that adding debt to try and solve a debt crisis is a moronic approach when your interest costs already exceed your tax revenues (as is currently the case in Greece).
Markets took a tumble on Thursday on fresh worries about the Greek debt crisis and European policy makers were urged to come up with a credible plan to restructure the country's debt.
The euro is sliding, the safe-haven Swiss franc is rising, and everyone is watching Greece — it's time for your FX Fix.
Investors are watching Greece and worrying about the markets. Sarat Sethi, Douglas C. Lane & Associates and Stuart Schweitzer, JPMorgan Private Bank weigh in on the global economic future.
The dollar will stay at around the $1.40 mark against the euro for some time as both currencies face downward pressure and the euro is resistant to bearish news, Dennis Gartman, hedge fund manager and author of The Gartman Letter, told CNBC Wednesday.
A new bet has been placed on the the Greek debt crisis. It backs a growing view among investors that Athens may be about to suffer a messy default that could spark a run on the country’s banks and a deeper eurozone crisis, the FT reported.
The Greek debt crisis fanned a broad sell off Wednesday and it will no doubt keep markets on edge Thursday.
Gold is almost like another currency these days, and this strategist thinks it has room to run against the euro.
As Europe struggles to find a fix for Greece—and Greek citizens take to the streets—traders worry that a Greek default might be like the failure of Lehman or worse. Are they right?
On Friday’s Money In Motion, I had two trades that I liked for this week. Here's what to do with them now.
Default fears persist, Swiss economic outlook lists, Chilean peso lifts. Time for your FX Fix.
Euro zone finance ministers are meeting on the debt crisis - again. But this strategist isn't expecting much.
Ireland's 12.5 percent corporate tax rate is "not negotiable," Finance Minister Michael Noonan told CNBC Tuesday. That's despite costing the nation in higher interest payments under the bailout agreement with the International Monetary Fund and the European Union.
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As European headlines focused their attention on Greece, Spanish debt yields rose steadily in the last few weeks, with the spread versus the German bund now standing at around 250 basis points.
With the Swiss Franc sitting at a record high against the euro one analyst told CNBC.com that it could be time to bet against the safe haven currency.