LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that... » Read More
Personal bankruptcies last year outnumbered company bankruptcies, accounting for 55 percent of all insolvencies in Portugal. It's the first time that has happened and is part of a gloomy catalog of record-breaking statistics.
Oil prices are up. Barack Obama is to blame. Drilling in the US is the solution. This is the mantra from the president’s opponents. All presidents tend to get the blame for high fuel prices. But with the price of gasoline nearing $4 a gallon, Mr Obama is getting it by the barrel load. The FT reports.
Some nations around the globe are in considerably worse debt positions than others. Here are nations with the world's greatest debts.
"I continue to see the world glass more half full than empty… on the account that the US is on the way back, as it has been for some time," Jim O'Neill, chairman at Goldman Sachs Asset Management, told CNBC on Tuesday.
The market will continue to watch every word from the Federal Reserve and other central banks closely as interest rates stay at historic lows, a leading economist told CNBC Tuesday.
Now that the European Central Bank has tamped down disaster fears, a few currencies are poised to shine.
North Korea rattles the won and Dublin has a billion-euro house - it's time for your FX Fix.
David Lipton, First Deputy Managing Director at the International Monetary Fund doesn't see a third bailout for Greece and says the country is committed to the current program.
Faltering confidence in the U.K. has hit the British pound, and this strategist sees a buying opportunity.
Among the euro zone periphery countries, Spain is creeping up again as the big, sick member of the area and a recent rise in Spanish bond yields is a sign that its illness is unlikely to be cured soon.
Manufacturing reports are disappointing investors, and this strategist has a plan to trade the mood with currencies.
Ireland dropped back into recession at the end of 2011, government statisticians reported Thursday in a worrying sign for the country's efforts to emerge from an international bailout.
With stocks having doubled in value since the March 2009 lows, many will treat a once in a lifetime call to buy stocks with caution. 2009 was a once in a generation time to buy stocks, so was 2003. Both followed once in a generation chances to short stocks. It is amazing how many generational opportunities you can get into a single decade these days, writes CNBC's Patrick Allen.
Despite high-profile measures such as the Greek debt deal and mass pumping of liquidity into the banking system, Europe’s problems have merely been delayed for another day, Willem Buiter, chief economist at Citi, told CNBC.
Friday on CNBC’s Money in Motion I recommended a GBPUSD trade and here's why.
CNBC's Steve Liesman shares highlights from Treasury Secretary Timothy Geithner and Fed Chairman Ben Bernanke's testimonies before the House Committee on Oversight and Government Reform.
Fed Chairman Ben Bernanke discusses how Germany has managed to grow its economy, citing the currency advantage of the euro.
Europe will see a recession this year and Portugal is likely to follow in Greece’s footsteps as the country struggles with high borrowing costs, according to the Managing Director of Market Research and Strategy at Roubini Global Economics.
Europe's sovereign debt crisis has shown that no asset is 100 percent safe and may be positive for the Middle East, which is also benefiting from an increase in the price of oil, analysts told CNBC Wednesday.
"What we're going to get in Europe is a period of gradual, more gradual deleveraging, which is going to imply a recession," Arnab Das, managing director of market research and strategy at Roubini Global Economics, told CNBC.