Troubled Cyprus, the small island affected by its closeness to Greece, has approached Russia for a loan, but its preferred option would be borrowing from Europe, the island’s Finance Minister told CNBC Friday.
Hopes of launching the euro zone’s permanent rescue fund in the first days of July suffered a blow on Thursday when one of Germany’s opposition parties said it would ask the country’s highest court to suspend ratification while deciding whether it complied with the constitution, the Financial Times reports.
Sean Darby, Global Head of Equity, Jefferies says the recapitalization of Spanish banks is not over "by a long way".
John Coates, University of Cambridge research fellow, discusses the evolution of traders and investors over the last few years, and whether traders are becoming more fearful and less daring.
"It was like a set of bowling pins going over", say Art Cashin of UBS, discussing weak economic data hitting global markets. CNBC's Mary Thompson, weighs in.
CNBC's Simon Hobbs and Mary Thompson report weak economic data moved European markets lower as U.S. investors get defensive. Also, David Leduc, BNY Mellon, discusses whether euro zone finance ministers will approve a plan to rescue Spain.
Edward Lazear, Stanford University economics professor, discusses the outlook on the economy and takes a look at policy changes that could turn the downward trend around.
The euro wavers as a Spanish bank audit looms, and India's rupee can't get a break — it's time for your FX Fix.
"I think people are right to say the case for QE3 is pretty strong," says Greg Ip, "The Little Book of Economics" author, discussing the Fed's strategy to implement more economic easing, with Jon Hilsenrath, Wall Street Journal chief economics correspondent.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a drop in oil, gold and copper prices.
Russia remains a strong market with a wealth of opportunities despite growing concerns that the political system in the country is breeding dissent among the population, Joe Jimenez, CEO at Novartis told CNBC's “Squawk Box Europe”.
JPMorgan has sold off 65-70% of its losing "London Whale" position, with CNBC's Kate Kelly.
In a matter of hours, we will know what the Fed will or won't do to aid the U.S. economy. Here's a trading plan.
In ten days on July 1st a sweeping European Union ban on Iranian imports will go into effect in response to the Islamic Republic’s burgeoning nuclear program. In addition, and just as importantly, EU based insurance firms will no longer be able to insure any ship carrying Iranian oil.
So euro zone members want to bring down borrowing costs in Europe? Good idea. That was the one tangible idea from the G20 meeting, but unfortunately they didn't say how that would be accomplished.
The number of Greeks filing and paying their taxes shot up sharply in the wake of Sunday’s contentious elections.
The Bank of England is on the verge of approving another round of monetary stimulus, with Governor Mervyn King supporting an extra 50 billion pounds ($78.5 biillion) of gilt purchases, minutes to its June 6-7 policy meeting showed on Wednesday.
Greece might be in economic crisis mode and getting productivity levels up might take time, but there are signs of improvement according to one economist.
US lawmakers and regulators have attacked London as a source of financial crises and promised tougher crossborder rules in the wake of $2 billion of trading losses at the UK unit of JPMorgan Chase., the FT reports.
“Marry in haste; repent at leisure.” Full of impetuous ardor, Germany’s partners seduced – some might say blackmailed – the continent’s most powerful economy into sacrificing monetary independence two decades ago, the Financial Times reports.