The flaws in the rate-setting process have been exposed by the latest banking scandal. Regulators around the world are investigating whether big banks gamed the rates for their own benefit before and after the financial crisis, the New York Times reports.
Aid to Spain leaves the euro in pain and commodity prices lift the loonie - it's time for your Friday FX Fix.
The euro may be winning the unpopularity contest in the markets at the moment, but the dollar is close behind, according to David Bloom, head of foreign exchange strategy at HSBC.
As economic and social tensions — not to mention borrowing costs — reach boiling point in Spain, the country has no choice but to introduce even more cost savings if it is to regain solvency, Barclays' Chief Southern European Economist told CNBC on Friday.
Anyone holding Spanish stocks should sell before Madrid is forced to go cap in hand to the European Union and International Monetary Fund, according to analysts at S&P Capital IQ.
French residents with assets valued above 4 million euros ($4.9 million) will pay more than double what they had expected in wealth taxes this year, after the country’s parliament voted through an emergency measure to raise €2.3bn for the cash-strapped government, the Financial Times reports.
As European governments pass key measures, the crisis only worsens, the Global Post reports.
Greece's tourism industry has suffered a serious decline in revenue over the past year as political instability and questions over whether the country would exit the euro saw holiday makers opt for other destinations instead, but with a new coalition government in place, the industry is fighting back.
There are plenty of investors and analysts who are optimistic. After three straight months of outflows, emerging market equity funds tracked by EPFR Global attracted more than $700m of investments in the first two weeks of July, reports the Financail Times.
The very existence of the London Interbank Offered Rate (Libor) has been threatened by the escalating scandal involving banks allegedly manipulating the rate during the credit crisis.
Underappreciated changes are starting to take hold, says a major hedge fund chief.
A veteran CIA "deception detector" reviewed videotapes of high-profile financial figures — based on years of drawing confessions from spies. Here are his findings.
Richard Perry, Perry Capital CEO, discusses managing risk; how to profit from sovereign debt problems in Europe; and the future of the euro.
The situation for automakers will continue to be extremely tough in Europe and more car plants will have to be shut down, Arndt Ellinghorst, head of automotive research at Credit Suisse, told CNBC on Tuesday.
Thinking the euro has hit bottom? Think again, says this strategist.
PTT's planned $1.9 billion takeover of Cove Energy, which would see it gain access to massive gas finds off the coast of east Africa, would put the company in an ideal position to supply demand in five years' time, Neil Atkinson, director for energy research at Datamonitor, told CNBC on Tuesday.
Ten days after becoming Irish finance minister last March, Michael Noonan spoke with Jean-Claude Trichet, then the chief at the European Central Bank, and told him what his Fine Gael party had been telling voters for weeks: the new government intended to force losses on holders of senior Irish bank debt, the Financial Times reports.
It’s not exactly a win-win situation, but a weaker euro could mean some good news on this side of the Atlantic, “Mad Money” host Jim Cramer said Monday.
The Greek debt crisis, the political situation in Athens and their impact on the euro zone are falling off investors' radars, but cannot be ignored, according to one foreign exchange analyst in London.
The head of Europe’s top banking regulator has raised the bar for lenders’ capital requirements, insisting that the 9 percent capital ratio they had to hit as a “temporary buffer” by June is to become permanent, the Financial Times reports.