CNBC's Simon Hobbs reports on how European banks are leading the tumble in markets, what the ECB may do to deposit rates, and the end of rally for mining.» Read More
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.
Stanley Fischer's candidacy for managing director of the International Monetary Fund was dismissed on grounds of age Monday, as the 67 year old is two years above the threshold of 65 demanded for the job.
The bickering continues in Europe as a critical deadline looms for Greece — but you wouldn't know it from watching the euro against the dollar.
The aviation industry is in recovery mode, but a lot depends on whether positive forecasts for 2011 and 2012 pan out. The Paris Air Show in late June will shed some light on that.
In the race to become head of the International Monetary Fund, nationality is one of many factors that can help or hinder individuals, but few candidacies have the potential to be as charged as that of the Bank of Israel chief, Stanley Fischer.
As Germany and the European Central Bank battle over what to do next on Greek debt restructuring, or lack of it, one economist is predicting the answer could be scrip money, and lots more trouble ahead.
The role of consumer inflation expectations has become overplayed in the politicized environment that central banks are now operating in, and to be effective, institutions like the European Central Bank may need to be less fixated on their public credibility, Paul Donovan, economist at UBS, told CNBC.com.
In order for a deal on Greece to be agreed, Germany dropped its demand for restructuring of Greek debt and some pain for private bond holders.
Ever since the financial crisis of 2008 it feels as if markets are never that far away from another bad news story.
The euro zone’s reluctance to consider some kind of restructuring for Greece – and at some point Ireland and Portugal – has been heavily criticized by economists, who believe a default of some kind by one or all three of the troubled economies is now inevitable.
The German parliament voted in favor of a resolution on Friday from the ruling coalition parties to back additional aid for Greece.
As OPEC ministers met in Vienna this week it became clear that the cartel is now divided between those wanting to raise output, like Saudi Arabia, and those wanting to hold it and keep prices high.
The South Korean won is weighed down and the ECB's Trichet is talking. It's time for your daily FX Fix.
CNBC's Silvia Wadhwa Says: Why Not Print Your Own Money?
The European Union must save Greece and private bondholders have already begun to price in taking part in future efforts to bail out the indebted country, Herbert Stepic, Raiffeisen Bank International CEO, told CNBC.com.
Geir Haarde, Iceland's former prime minister, has been charged with criminal negligence over his part in the collapse of the country's banking sector in 2008, the first credible attempt to hold a head of government accountable for the failures in oversight that led to the global financial crisis.
Dominique Strauss-Kahn, naturally, isn't attending this year, and his likely successor Christine Lagarde is in China, but the Bilderberg Conference, which kicks off in the Swiss resort of St. Moritz on Thursday, retains its conspiratorial chic and pulling power.
Whilst the Bank of England sits on the sidelines, the boss of the European Central Bank on Thursday is expected to signal he will raise rates next month to curb inflationary pressures.
Former Prime Minister Tony Blair has urged European Union members to move closer together and form common policies on areas such as energy, defence, immigration and crime, the FT reports.
Only weeks ago, quantitative easing, the emergency policy of pumping money into the financial system to revive the economy, was considered firmly over. Now, amid a stream of gloomy data that has raised renewed fears of a double-dip recession in the UK, it could soon be back on the agenda, reported the FT.