Aug 3- Standard& Poor's Ratings Services lowered its outlook on the European Union to negative from stable as it expects that the EU would provide first-loss guarantee support for financing connected to the Juncker investment plan.» Read More
Anybody attempting to make a sub-standard Neapolitan pizza better watch their backs from now on as this pizza has friends in very high places.
Why would you ever want to be President? Everyone who comes to the job does so with some vision and dream and quickly has to learn how to dance the dance if anything is to be done. It's harder now than ever with the accumulated debt we have built up.
The growing sovereign debt problems in Europe will continue to keep markets under pressure, Bill Gross, co-CIO and founder of Pimco, told CNBC Thursday.
Catch me if you've heard this one before. A global crisis emerges from some obscure country, and the VIX surges by some mind-boggling amount.
Case in point, it seems the IMF is the only body that may have the legal capability to assist these countries in their time of need. This reminds me of something, what is it?
It would take a sharp fall in the price of oil or another crisis to change Russia's economic system for the long term, Nouriel Roubini, economist and New York University Professor, told CNBC Thursday.
Google has a problem in China. But it may have bigger headaches in Europe. The New York Times reports.
There are some who blame the Fed for missing warnings signs leading up to the financial crisis; others have said the Fed caused the crisis with its “easy-money” policies.
There was an agreement that banking regulation and reform was important, but no real plans on what to do.
The market needs a correction after a 60% gain from last March and the news of the day Thursday was that Greece was looking for some help.
Euro zone member states must meet their commitments on budget stability and cannot be bailed out by the euro zone, French Finance Minister Christine Lagarde told CNBC in Davos on Friday.
Greece's Prime Minister George Papandreou told CNBC Thursday that his country has to make substantial changes to recover from its devastating financial problems.
Icelandic pleas for further aid met with a cool response on Thursday as the IMF suggested its hands may be tied by an Anglo-Dutch debt impasse and Sweden signaled no immediate funds were on the way.
Despite lots of talk about sovereign debt default in 2010, IHS Global Insight said Monday there is very little chance of major problems over the coming year.
After fighting tooth and nail to hit 2009 targets CEOs are reluctant to call the end of the bad times until enough revenue arrives in 2010.
The English economy would be better off if it was separated from Scotland, its UK neighbor, because the cost of backstopping Scotland's banks far outweighs any benefits, Roger Nightingale, strategist at Pointon York, told CNBC.com Monday.
Fears are growing that Greece or another weak country may default on its sovereign debt obligations, forcing the richer countries in Europe to ride to the rescue or face the risks, the New York Times reports.
The European Summit kicked off Friday with Greece's mounting debt and deficit problems at the head of the conference agenda.
The renewed rivalry between France and the UK is still growing. And this time agriculture is the altercation.