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
Discussing the details of the largest debt restructuring in history, with Charles Dallara, Institute of International Finance managing director, who says he is pleased with the outcome of the debt swap deal between Greece and bondholders.
Greece has pushed through the bond swap offer which is key to its 130 billion ($172 billion) bailout deal with bondholders representing 83.5 percent of the value of its bonds taking part.
The better-than-expected take up of the Greek bond swap offer, announced Friday morning, should help boost markets temporarily, but caution remains, analysts, strategists and economists warned.
In less than two hours, holders of Greek debt will decide whether they'll go along with a debt restructuring deal, reports CNBC's Michelle Caruso-Cabrera.
For months, the situation in Greece has dominated European markets for days on end as a new deadline approaches.
It’s a fallacy that private creditors to Greece – taking a massive “haircut” on their investment as part of a debt-restructuring deal – are losing out while the official sector’s holdings are protected, Nouriel Roubini, chairman of Roubini Global Economics, wrote in the Financial Times.
Following up on my Monday bearish call for risk this week, here’s a trade idea for Thursday with the thought process on why to put it on.
CNBC's Michelle Caruso-Cabrera has the update on whether Greece will be able to get its debt deal accepted by investors.
Investors shouldn’t worry about the current market selloff as global indices are due for a "healthy" pullback of three to five percent, according to Alec Young, Global Equity Strategist at S&P Capital IQ.
The European Central Bank (ECB) is widely expected to leave interest rates on hold Thursday, a week after banks took up more of its cheap loans offered in another attempt to avert a crunch and calm financial markets.
Greece has come back to the forefront of the markets’ agenda over concerns about its debt restructuring package, with fears that the troubled euro zone country may finally default on its debt repayments.
Support for extreme political movements is building across Europe as the economy starts worsening again – and analysts and anti-extremist organizations are increasingly worried that parties on the left- or right-wing fringes will gain more political power.
In search of a safe haven, investors are flocking into the U.S. dollar Tuesday and out of risk assets including commodities. Concerns about the ongoing situation in Greece and the euro zone as well as perceived weakness in the global economic recovery are some of the drivers.
The Russian Presidential elections have once again revealed the EU’s many contradictions and exposed its dwarf-size political mass.
Markets should be poised for a 5 percent correction from their current levels as the global economy remains choked by the ongoing euro zone debt crisis and the rising oil prices pose a threat, a CEO told CNBC Tuesday.
Participation in the Greek debt swap deal by private sector creditors, integral to the latest bailout for the stricken country, is unlikely to reach a sufficiently high level to avoid credit default swaps being triggered, James Ashley, senior economist at RBC Capital Markets told CNBC.
There was a wide-ranging change of the guard in Europe and the Middle East in 2011. Here are 10 other elections that could change the game of global politics in 2012.
A new EU fiscal treaty could help keep national governments from overspending. But for EU nations already receiving bailouts, its conditions would be a big blow to their economies and national pride.
Quotas for women in the boardroom could be imposed by the European Union after EU Justice Commissioner Viviane Reding announced a drive to tackle the underrepresentation of women on boards.
This week will be a busy one for central bankers. Here's how to trade on their many meetings.