BRUSSELS— The European Union has appointed Frenchman Michel Barnier to lead to the negotiations on Britain's exit from the union once London decides to initiate the talks. EU Commission President Jean-Claude Juncker on Wednesday called him "a skilled negotiator with rich experience in major policy areas relevant to the negotiations." » Read More
Global equity valuations are very attractive compared to government bonds stocks and are currently relatively cheap, Stuart Reeve, Portfolio Manager at Blackrock Equities told CNBC.
Swiss services group DKSH said demand for its IPO was "exceptionally high" as it priced its public offering at 48 Swiss francs ($52.6) a share - the uppermost point of its previously guided 46-48 francs share price range.
European Union leaders showed “moral decay” in delaying Greece’s bond swap deal in order to minimize the impact on the region’s banks, according to High Frequency Economics’ founder and chief economist, Carl Weinberg.
Nearly two-thirds of institutional investors expect Portugal or Ireland to restructure its public debt, according to a survey by Barclays Capital of 700 institutional clients.
Joe Lewis, founder of the Tavistock Group and one of the world's best known currency traders, says with regard to Greece, the recent agreement is just the end of the beginning. Austerity will not work and the euro, he believes, will move higher on the larger bailout fund.
Ireland is looking to the future "with confidence" and the European Union's attitude has changed from dealing with disaster to one focused on growth and employment, Irish Prime Minister Enda Kenny told CNBC on Monday.
The dollar holds steady and the yuan's impact has been greatly exaggerated - it's time for your FX Fix.
A burden has been lifted off Greece's back, but the country will need to stick to its proposed reform to become a successful economy once again, Charles Dallara, managing director of the Institute of International Finance told CNBC.
Nine out of 10 market participants don’t believe the Federal Reserve will wait until late 2014 to raise interest rates because of an improving economy and threat of inflation, a new CNBC survey says.
Forget the U.S., E.U. and Japan. Look to Eastern Europe, Latin America, and the Asia-Pacific region for stable sources of income.
During its 125th anniversary auction, Glenfiddich set a world record for the most expensive bottle of single malt whisky ever sold at auction; the 55-year-old Glenfiddich sold for $94,000.
The early adoption of austerity measures, and a 17 percent increase in foreign direct investment last year, have helped Ireland improve its competitiveness in a way other stricken euro zone countries, such as Greece, have not.
New jobs are likely to remain hard to find in the euro zone with the exception of Germany at least during the first half of the year as employers continue to tread carefully, Francois Cabau, an analyst at Barclays Capital, wrote in a research note.
The International Monetary Fund said it has approved 28 billion euros ($36.56 billion) in funding for crisis-hit Greece over the next four years.
Investing in the Philippines, Peru or Uganda may seem excessively risky for many investors. Not so, says HSBC Senior Economist Karen Ward.
A former Goldman Sachs executive’s vitriolic attack against the firm’s "toxic and destructive" culture is just another blow to the investment bank’s reputation, according to “Cityboy” whistle-blower Geraint Anderson.
Stress tests carried out by the Federal Reserve in the United States boosted confidence in the banking sector and sent banking stocks sharply higher, but banks are not out of the woods yet, Matthew Czepliewicz, analyst at Collins Stewart, told CNBC.
Do you believe the economic recovery is real and sustainable? Those are really two questions, and we suppose someone will want to parse our definition of “real.”
The auction of $13 billion in 30-year bonds today could be very telling about the direction of rates in the near term.
Switching to the dollar from the euro would help Greece get out of its crisis and would at the same time be an electoral boost for U.S. President Barack Obama, an analyst with London-based Strategy Economics consultancy group wrote.