CNBC's Simon Hobbs reports on all the market moving events in Europe today, including European equities down almost 9 percent.» Read More
There is little certainty in Brussels about what will be delivered to help Greece, or if a move would have any legal basis.
As financial markets panic about the risks to the euro from laxer governments in southern Europe, the northern Baltic states are already in tight fiscal bandages as they experience Europe's most severe recession.
Plus, find out an even more powerful driver behind the markets these days.
I’m trying hard to remain optimistic about economic recovery here in America — and for that matter, around the world.
Financial markets are betting heavily that Greece's crushing debt could drag down the entire eurozone, and that could force reluctant EU leaders into an embarrassing bailout.
Apparently, the Greek government has called in the big hitters to help them with their fiscal dilemma.
The rise in Greek yields is a clear warning markets are in the mood to 'punish any country that takes creditors for granted. '
Countries like Greece are being "attacked by financial markets" and the European Union should intervene in the stock market to "teach speculators a lesson," according to Nobel Prize winning economist Joseph Stiglitz.
The proposed new banking rules here in the U.S. caught many international bankers off guard and were one of the most prominent topics of discussion at the recent World Economic Forum in Davos.
Amid fears that go-it-alone moves such as President Barack Obama's plan to break up big banks will further hamper the fledging economic recovery, finance ministers and central bankers from the Group of Seven major industrial countries meet.
Global shares slid to three-month lows Friday, but the US market recovered in late trading, while the dollar and Treasurys rose.
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.