LONDON, July 27- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. July 27: European Commission President Jean-Claude Juncker appears to be in no mood to give Britain an easy time in the Brexit negotiations. Then comes a dire report from the... » Read More
Emerging markets are well placed to weather the storm of the sovereign debt crisis currently engulfing the euro zone, and emerging economies are expected to grow by 5.3 percent this year and 6.1 percent in 2013, Pablo Goldberg, global head of Emerging Markets Research at HSBC, wrote in a report.
The European Banking Authority (EBA) said on Monday it was impressed with banks' willingness to take all the necessary measures to meet new capital requirements, refuting earlier press reports which claimed that the EU’s banking regulator would not accept the banks’ suggested changes.
Down to the wire again in Greece, and the dollar looks like a refuge - it's time for your FX Fix.
There have been almost as many new acronyms slipping into business news as there have been euro zone summits in recent months.
The debt crisis will continue to plague the euro zone even if Greece gets an agreement and its second bailout, with Portugal likely to be the next country to face the scrutiny of the markets, an economist told CNBC Monday.
The European Banking Authority is to challenge a significant proportion of the capital restructuring plans put forward by the continent’s leading banks to meet tough new capital requirements, say three people familiar with the process, the Financial Times reports.
Iran has indicated that its threat to cut oil supplies to European states in order to pre-empt a European Union oil embargo that comes into effect in July may be only a symbolic one.
Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.
A series of tit-for-tat statements between Iran and the European Union showed no signs of abating on Saturday, with the Iranian Oil Minister saying that oil exports “will certainly be cut to some European countries.”
Headline risk is pushing the euro lower on news that the new Greek package may require up to $145 billion from Euro Zone members. Rebecca Patterson, chief markets strategist at JPMorgan, explains.
Hungary's national carrier Malev ceased operations and grounded all its flights Friday in response to an "unsustainable" financial situation.
Herbert Hoover, you were right. That is the consensus of all right-thinking people on UK fiscal policy, writes Martin Wolf in the FT.
Former FDIC Chair Sheila Bair said Thursday she believed Europe was heading into a recession, but she sounded confident about U.S. banks.
Europe has plenty of problems, but the dollar could make that all irrelevant for the euro.
The Russia Forum, held in Moscow each February, brings together politicians and business leaders to discuss investing in this vast resource-rich country.
The euro's been on a roll, thanks partly to hopes for the Greek debt negotiations. Here's how to trade on a deal.
The dollar is slipping as manufacturing reports get investors hungry for risk.
MF Global’s chief risk officer urged senior executives and the company’s board to pare back its $6.3 billion proprietary bet on the debt of troubled European nations roughly three months before the futures broker declared bankruptcy, according to his prepared congressional testimony, the Financial Times reports.
The euro has been moving higher even without a deal sealed for Greek debt, but this strategist says it's time to check out.
The euro has had a nice run in the last two weeks, but this strategist thinks the party is just about over.