LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that... » Read More
Spain's Prime Minister Rajoy has called for centralized control of national budgets in the euro zone, with CNBC's Michelle Caruso-Cabrera.
Cyprus is increasingly likely to seek European aid to deal with the impact of the Greek crisis on its own banking system, the country’s central bank governor has told the Financial Times.
The stock market looks technically shaky, in addition to all its other woes.
Mariano Rajoy, Spain’s prime minister, has called for centralized control of national budgets in the eurozone in an unexpected gesture to mollify Brussels and Berlin on the eve of what is expected to be a crucial week for Madrid. The FT reports.
Friday's dismal jobs numbers spilled over into Sunday's talk show circuit. CNBC's John Harwood reports on the political sparring now taking place in Washington, DC and its impact on the upcoming election, with CNBC's Maria Bartiromo and Jim Cramer.
Maria Bartiromo and the entire CNBC news team provide perspective and insight on recent uncertainly and volatility in the markets. Jim Cramer weighs in on how investors can try and make sense of global contagion; Oriel Morrison reports the latest news on what's driving overseas markets now; Kayla Tausche runs through the numbers and looks at some historical reactions; Steve Liesman provides insight on the economic side of the horrible jobs report on Friday; Gary Kaminsky checks in on whether the markets are officially in "correction mode"; and Rick Santelli has a look at record low Treasury yields and its impact on mortgage rates.
Like the third sequel to a summer horror movie, stocks are set up for another selloff amid worries about a double-dip recession. "I’m starting to fear summer," one economist said.
May's jobs report is a devastating number for the American economy, and a catastrophic number for Obama’s re-election hopes. All momentum on jobs and the economy has evaporated.
Wondering which European currency is safe at this point? Choose carefully.
A confidence-crushing May jobs report has turned market talk back to more Fed easing. But how much more can the central bank do with Treasury yields at record lows?
Spain is now competing with Greece to be the euro zone country with most sway over the markets. How can you play this situation – other than taking all your cash out of the bank and hiding it under the mattress?
German bond prices could fall as much as 35 percent when the crisis in the euro zone comes to a head and their safe haven status becomes less attractive, Carl Weinberg, Chief Economist at High Frequency Economics said on Friday.
The European Central Bank has the ability to do more to tackle to the euro zone’s debt crisis than it has been doing, Nobel Laureate and Professor at Columbia University Joseph Stiglitz told CNBC’s “Worldwide Exchange” Friday.
Simon Derrick, head of the Bank of New York Mellon's currency strategy team, has put together some "scary numbers" about the euro zone crisis.
Madrid was dealt a double blow on Thursday after it emerged that almost €100bn in capital had left the country in the first three months of the year and the head of the European Central Bank lambasted its handling of Bankia, the troubled Spanish lender.
Markets will face more difficulty as the protracted euro zone debt crisis limps along before things begin to get better and capital preservation dominates investors’ minds, one market expert told CNBC Thursday.
The European Union needs a unified system of banking and a more centralized taxation policy, Nick Economides, professor of economics at New York University's Stern School of Business, told CNBC.
Two of the world’s biggest trade credit insurers have stopped providing cover for exporters to Greece in highly unusual moves reflecting their concern the country might leave the euro zone, the FT reports.
Weak gold prices, softening oil prices and a lackluster stock market while the euro zone crisis could increase demand for U.S. dollars — but is deflation the next stop?
Last week, I recommended just dumping the euro, and it worked well. It's still a good plan.