As European governments pass key measures, the crisis only worsens, the Global Post reports.
Greece's tourism industry has suffered a serious decline in revenue over the past year as political instability and questions over whether the country would exit the euro saw holiday makers opt for other destinations instead, but with a new coalition government in place, the industry is fighting back.
There are plenty of investors and analysts who are optimistic. After three straight months of outflows, emerging market equity funds tracked by EPFR Global attracted more than $700m of investments in the first two weeks of July, reports the Financail Times.
The very existence of the London Interbank Offered Rate (Libor) has been threatened by the escalating scandal involving banks allegedly manipulating the rate during the credit crisis.
Underappreciated changes are starting to take hold, says a major hedge fund chief.
A veteran CIA "deception detector" reviewed videotapes of high-profile financial figures — based on years of drawing confessions from spies. Here are his findings.
Richard Perry, Perry Capital CEO, discusses managing risk; how to profit from sovereign debt problems in Europe; and the future of the euro.
The situation for automakers will continue to be extremely tough in Europe and more car plants will have to be shut down, Arndt Ellinghorst, head of automotive research at Credit Suisse, told CNBC on Tuesday.
Thinking the euro has hit bottom? Think again, says this strategist.
PTT's planned $1.9 billion takeover of Cove Energy, which would see it gain access to massive gas finds off the coast of east Africa, would put the company in an ideal position to supply demand in five years' time, Neil Atkinson, director for energy research at Datamonitor, told CNBC on Tuesday.
Ten days after becoming Irish finance minister last March, Michael Noonan spoke with Jean-Claude Trichet, then the chief at the European Central Bank, and told him what his Fine Gael party had been telling voters for weeks: the new government intended to force losses on holders of senior Irish bank debt, the Financial Times reports.
It’s not exactly a win-win situation, but a weaker euro could mean some good news on this side of the Atlantic, “Mad Money” host Jim Cramer said Monday.
The Greek debt crisis, the political situation in Athens and their impact on the euro zone are falling off investors' radars, but cannot be ignored, according to one foreign exchange analyst in London.
The head of Europe’s top banking regulator has raised the bar for lenders’ capital requirements, insisting that the 9 percent capital ratio they had to hit as a “temporary buffer” by June is to become permanent, the Financial Times reports.
As the fiscal cliff approaches in the United States and the euro zone crisis drags down global growth rates, central banks across the world have been delivering more and more stimulus. The problem, according to David Bloom, head of global foreign exchange strategy at HSBC, is that central banks are having less and less impact on the global economy.
Prices of commodities from oil to copper have fallen sharply. Money is flowing out of the sector and some investors are questioning the so-called commodities ‘supercycle’ – the mantra that prices will rise and rise, underpinned by Chinese growth, the Financial Times reports.
In high-stakes deals on the Street, the side with the leverage usually demands "show me the money first, then we'll talk." But in the rarefied and much higher-stakes world of desperate sovereign borrowers and multilateral lenders of last resort like the International Monetary Fund, it's the other way around -- "show me the goods first, then you get the money." In the case of Greece, Christine Lagarde says "implementation must happen, more than lip-service."
In normal circumstances, the antics of America’s corporate treasurers should not worry Washington politicians. After all, corporate treasurers are like the supply chain managers of the financial world: decent, unassuming people, who prefer to stay out of the limelight, performing the crucial-but-dull role of handling company finances, the Financial Times reports.
A "sword of Damocles" hangs over Europe and could lead to a fundamental change in the way nation states view the region's single currency, according to Bank Sarasin economist Jan Poser.
"I'm concerned by the five percent move up in the dollar," says James Paulsen, Wells Capital Management chief investment strategist, providing perspective on the outlook for earnings, consumer sentiment, and the U.S. economy.