LONDON, Oct 10- Lord Stuart Rose, former boss of Marks and Spencer and one of Britain's most well-known businessmen, will head the campaign to keep the country in the European Union, the "In Campaign" said. Rose, who is currently chairman of online supermarket Ocado, is a member of the House of Lords, Britain's unelected upper chamber, representing Cameron's...» Read More
'Eurocrats' can't see the fanciful construction of the euro is going to collapse, just like the 1930s gold bloc, says this economist.
Faithful readers of my weekly market commentary know that I value the opinion of PIMCO bond manager Bill Gross. Gross has compiled a terrific record as a fixed-income manager, and he regularly proves to be ahead of the curve on issues affecting the global economy.
The European debt crisis likely will not end until the euro collapses as a currency and takes the entire European Union with it, said hedge fund manager Dennis Gartman.
Prudential shareholders may grudgingly acknowledge that the pursuit of exciting new opportunities in Asia is the right long term strategy. But in the short term they need convincing the big price tag for AIA and the delayed rights issue are the correct way of achieving that.
The market is already beginning to ask if the German public and the EU have the stomach for a rescue package for Portugal, Spain, Ireland and even for Italy.
Huge moves up in the yield of Greek paper and a growing concern about other EU members and their ability to grow out of large budget deficits has investors thinking twice.
Financial regulations could significantly influence UBS' profitability in both the near and long term and they will constrain the Swiss bank from resuming dividend payments, CFO John Cryan told CNBC Tuesday.
The Greek debt crisis is beginning to take a back seat, while the earnings season has got off to a solid start, therefore stocks are once again a good place for investors, Bruno Verstraete, CEO of Nautilus Invest in Zurich, told CNBC Tuesday.
For now, Greece has been saved but at what cost? The sums involved are staggering and could have been much lower if the euro zone's governments had appreciated the size and scale of the problem earlier and learned the lessons of history.
Despite yields on Greek debt falling after the bailout deal, analysts and investors warn that there are still pitfalls that could threaten the single European currency.
Greece announced Sunday a long-delayed rescue package that will require years of painful fiscal belt-tightening, but the deal probably will not defuse the potential threats to other European countries, The New York Times reports.
European officials are finally getting spurred into action by the danger of contagion and sources in the City say Greek debt is a screaming buy.
While the EU/IMF/ECB continuing to work towards an agreement on Greece, my thoughts turn to the voting that will occur next week in Germany.
No good crisis comes without good opportunities, and the events unfolding with European debt are no exception.
Right now investors face a V-shaped-recovery theme at home and the serious debt troubles plaguing Greece, Spain, Portugal, and perhaps other countries in Europe.
While Portugal and Spain are the most recent targets of S&P downgrades, Italy or even Ireland could be next.
With dramatic headlines of Greek troubles spreading and the euro hitting fresh lows against the dollar, the situation grows more critical each day. But today's news only highlights a part of the problem.
The market is highly skeptical about a rescue which was only emphasized by Standard and Poors downgrading the rating on Greece to "junk." Wow guys, way to be timely.
One of the key players in trying to work out a solution is Germany, and I spoke with Axel Weber, President of Germany’s central bank, the Deutsche Bundesbank.
A lack of competitiveness, not credit default swaps (CDS), brought Greece to the brink of financial catastrophe, former Greek Finance Minister Yannos Papantoniou told CNBC.com Wednesday.