Global financial reform efforts are falling behind schedule, regulators have conceded. They are giving the biggest banks extra time to write so-called “living wills” and acknowledge that fewer than one-third of the big financial centers will have Basel III rules in place on time. The FT reports.
The Greek government is hoping to pass two votes through parliament in what is set to be a key week for the struggling euro zone country, with one Greek minister telling CNBC that overcoming these hurdles will end talk of Greece leaving the single currency.
CNBC's Kelly Evans reports on all the market moving events from Europe, as investors remain cautious ahead of Tuesday's U.S. presidential election.
Debt-crippled euro zone countries could see the yields on their sovereign bonds fall dramatically if they used their gold reserves as collateral for that debt issuance, according to Sylvester Eijffinger, professor of financial economics at Tilburg University.
Gokul Laroia, Head of Institutional Equity, Asia at Morgan Stanley says that most of the liquidity that is flowing into Asia is global capital, which makes decoupling difficult.
Former Greek Finance Minister George Papaconstantinou on Friday refuted a media report claiming he did not instruct financial police to pursue possible tax evaders named on a list of Greeks with Swiss bank accounts he received in 2010.
Short-sellers around the globe will be unmasked starting on Friday as new European rules come into effect.
CNBC's Kelly Evans reports on all the market moving events from Europe, as uncertainty over Spain and Greece returned.
Greece’s parliament has been asked to investigate why two former finance ministers did not pursue possible tax evaders on the so-called “Lagarde list” of 2,000 Greeks with Swiss bank accounts, the Financial Times reports.
Rather than wait for prosperous economic times to return to her native Portugal, Tatiana Almeida (26), educated to be a journalist, decided to leave and move to East Timor, a former colony in Southeast Asia, in search for opportunities.
“Branded” properties could become the norm as demand for high standards of design, leisure and labeled property increases among the rich in both established and emerging markets, according to the latest report from property group Knight Frank.
Next year’s most interesting hotel opening is not a six-star palatial Dubai building, or an over-the-top Las Vegas accommodation that would make Versailles look understated.
Herman Van Rompuy, the European Council president responsible for summoning EU leaders to summits, is determined to go ahead with this month’s gathering on the bloc’s 1 trillion euro seven-year budget – despite UK parliament demands for cuts that make an agreement unlikely. The FT reports.
Should Germany leave the euro? It is, after all, the big country with an obvious exit option. The question becomes more pertinent after a new decision by Angela Merkel.
With so many understandably focused on Hurricane Sandy and its aftermath, few noticed this week's economic numbers out of Germany — a key part of the European puzzle. Yet the latest data releases could well prove consequential.
Greece’s downward spiral has come to the top of the euro zone agenda again, with economists and analysts warning that it is closer than ever to running out of cash, and that the survival of a coalition government brought in just five months ago is under threat.
CNBC's Kelly Evans reports on all the market moving events from Europe, as more companies report better-than-expected earnings, helping indexes push higher.
Last week we took cheer from the level of bank funding rates as being a sign of economic recovery – talk about crumbs of comfort! We needn’t have bothered: the U.K. quarterly GDP (gross domestic product) growth statistic was a jaw-dropping 1.00 percent rise on the second quarter. Hurrah! So everything’s all right then…
The Swiss National Bank has trimmed its big euro position, taking downward pressure off the currency.
Discussing how people in some of the towns devastated by the storm are going to vote, with CNBC's Eamon Javers.