The Spanish region of Valencia inadvertently rose to fame last Friday when it was the first region to officially ask for aid from the newly created 18 billion euro Regional Liquidity Fund to help meet its debt repayments in the second half of the year.
European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone from collapse, sending markets and the euro higher Thursday afternoon.
With a seemingly never-ending debt crisis which has prompted a slowdown in consumer spending, investing in Europe might not appear particularly attractive right now. But Bosideng, a Chinese fashion brand specializing in down-filled clothing, thinks differently.
With growth slowing across most major markets, one well-known stock market bear is predicting big losses for stocks in the third quarter, despite the chance of further central bank action to help shore up confidence.
So what are some of the prohibited and restricted items in 2012 Olympic venues? Click ahead for some of the most interesting examples.
Residents of Catalonia will proudly claim that its region is the wealthiest of all regions in Spain and highlight the region's attractiveness for tourists, Barcelona's importance as shipping hub and the concentration of industrial activity around the Catalan capital. But while the beauty of Catalonia is worth boasting about, the region's finances are looking ugly.
The rise in Spain’s bond yields to above 7 percent raises the issue of potential further ratings downgrades for the country.
The euro zone debt crisis has reached a critical level and has left the bloc with limited time to find a solution, Jim O’Neill, Chairman at Goldman Sachs Asset Management told CNBC on Wednesday.
The euro is hovering close to the crucial 1.20 level against the dollar — and analysts warn it will fall even further without further intervention by euro zone authorities.
Germany’s borrowing costs may be below those of the US – that safest of havens – but that has not spared Berlin from being given a negative outlook by Moody’s, the credit rating agency, the Financial Times reports.
Europe and the “fiscal cliff” are two of the big depressants weighing on the equity markets, Wharton school finance professor Jeremy Siegel tells CNBC. Once they're resolved, the Dow can head to 15,000, Siegel said.
Moody's goes negative on Germany, Japan talks tough, and the British aren't buying houses — it's time for your FX Fix.
CNOOC's planned $15 billion takeover of Canadian oil producer Nexen shows the Chinese Communist government will not stand in the way of state enterprises' ambitions, paving the way for similar deals in future, experts told CNBC on Tuesday.
The euro is hovering near multi-year lows against the U.S. dollar and the Japanese yen as a slew of negative news cements bearish sentiment towards the single currency, but analysts tell CNBC there are signs of resilience in the euro and a collapse is unlikely.
U.S. Treasury yields could continue to set record lows, as investors flee the latest wave of euro zone worries amid fears of global recession.
The start of the week will likely prove to be the worst part as Europe, China, and US concerns will all be front and center. With no central bank cavalry set to arrive this week, the markets will not be bailed out and must probe new levels to adjust for the added risk premium.
Fighting fires isn't going to resolve the crisis, says this think tank guru.
Spanish stocks fell sharply on Monday amid fears that a number of regional governments will ask Madrid for financial support. Meanwhile new data showed the Spanish economy contracted 0.4 percent in the three months from April to June.
Record high prices of corn and soybean brought on by the worst U.S. drought in 56 years may be triggering a sense of de ja vu for Asia concerned about a repeat of the food scare in 2008, but most economists are downplaying those fears, for now.
Marc Lasry has never been afraid to go his own way. After betting on Obama in 2008, and on Ford in 2009, the hedge fund owner is now putting his money on a long-term European comeback, the New York Times reports.