S&P, which cut Spain's credit rating by one notch, warned the country faces an uphill battle because of a worsening recession and doubts over bank recapitalization.
CNBC's Kelly Evans has the update on all the market moving events from Europe; including a report Standard & Poor's downgraded Spain's sovereign rating to a notch above "Junk."
U.K. Prime Minister David Cameron warned of the growing risk that Britain’s creditors could start to question “our ability and resolve to pay off our debts” on Wednesday as he wrapped up his Conservative Party’s annual meeting in Birmingham, Britain’s second city.
Greece’s official jobless rate hit another record in July, climbing to 25.1 percent, up from 24.8 percent in June.
The belief that Greece needs more time in order to salvage its economy started as a somewhat-expected plea from Greece itself. Now, however, the International Monetary Fund (IMF), government ministers and economists are convinced that the country needs more time to implement reforms and austerity cuts.
Paul Sheard, Chief Global Economist at S&P Ratings Services says the fate of the currency bloc is ultimately up to policy makers to ensure that the euro zone is firmly on the path to recovery.
If President Obama wins the election next month, employees of one big company may be looking for new jobs, reports CNBC's Robert Frank. David Siegel, Westgate Resorts Founder & CEO, who recently built the largest house in the country, and Carly Fiorina, former HP CEO, discuss.
Risk-sensitive currencies have been on a roll, but these strategists say the fun is about to end.
Rick Santelli says there are solutions to the nation's economic problems, but "they take courage to implement."
CNBC's Ross Westgate has the latest details on European markets, including reports of German Chancellor Angela Merkel's opposition to the $45 billion EADS/BAE merger.
CNBC's Ross Westgate reports on all the market moving events from Europe, including an IMF report singling out the euro zone debt crisis as a key threat to global growth.
Stephen Sheung, VP & Investment Strategist, SHK Private discusses the possible scenarios the euro zone will face in 2013. He adds that market volatility could rise if the ECB's bond-buying proves to be ineffective.
Paul Gruenwald, Chief Economist, Asia Pacific at ANZ explains the significance of the IMF's Global Financial Stability Report. He adds that Europe may need to be pushed harder to find a clear exit out of the debt crisis.
Europe’s troubled single currency is dividing the continent into warring factions, which could end in a “democratic…or violent revolution” between indebted countries and creditor nations, a prominent European lawmaker told CNBC Tuesday.
CNBC's Carolin Roth reports Greeks took to the streets in protest over the visit of Germany's Chancellor Merkel; and discussing the outlook on the euro zone and euro, with Kevin Caron, Stifel Nicolaus, and Dan Greenhaus, BTIG.
German Chancellor Angela Merkel offered words of support in Athens on Tuesday, even as new data showed Greece's debt situation was worsening and as two former government ministers told CNBC, Greece would have to restructure its debts yet again.
Labor unrest in South Africa is weighing on the rand, and this strategist sees more weakness ahead.
CNBC's Michelle Caruso-Cabrera reports the latest details on protests on the streets of Athens over austerity cuts and the future of the euro, with Nigel Farage, UK Independence Party leader.
Greece and Spain drive the euro and Japan and South Korea shrink their swap — it's time for your FX Fix.
CNBC's Kelly Evans has all the details on the market moving events from Europe, including a report of expected disruptions in Athens as German Chancellor Angela Merkel visits Greece.