Gold priced in euros broke above of key trend line Monday morning, as safe-haven buying and upward technical momentum continue to help the precious metal rally.
Slow progress on Greek debt and a looming EU summit sap risk appetite and lift the buck — it's time for your FX Fix.
With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is going to pay out, the New York Times reports.
No country will exit the euro zone this year but a solution to the debt crisis remains elusive, Jim Rogers, CEO and chairman at Rogers Holdings, told CNBC Monday.
Iran’s parliament is to debate a “double-urgency bill” which would halt all oil exports to the European Union in response to expanded sanctions by the bloc.
Benchmark crude oil prices will likely rise this week as risk appetite improves on optimism that Greece and private sector creditors are nearing a deal on a debt swap, CNBC's weekly survey showed.
"I am convinced we can avoid a Greek default," Wolfgang Schauble, Germany Federal Minister of Finance tells CNBC's Maria Bartiromo. "We are trying to do a growth friendly deficit deduction," he adds. Oilli Rehn, European Commissioner for Economic and Financial Affairs, also weighs in.
During Europe's financial crisis the European Central Bank has been "an anchor of stability and confidence," former president Jean-Claude Trichet said.
Sharing his currency trade on the Australian dollar vs the Mexican peso, with Willie Williams, Societe Generale institutional derivatives sales director.
Former president of the European Central Bank discusses the future of the euro zone, bondholders clashing on Greek interest rates and whether or not Europe will have a more centralized power.
Ford fell after missing earnings estimate on weaker sales in Europe and higher input costs. Alan Mulally, Ford Motor president & CEO, explains the earnings shortfall, with CNBC's Phil LeBeau.
The euro rises on happy talk, GDP hangs over the dollar - it's time for your FX Fix.
This is a live blog from "The Future of the Eurozone," an event at the World Economic Forum in Davos, Switzerland, in which our panelists will debate the question, "How will the Eurozone economies emerge from the euro crisis?"
Aluminium prices will remain stable for the first half of 2012, and will rise in the second half, Oleg Deripaska, CEO of Rusal, the world's largest aluminium producer, told CNBC.
"Europe needs a two-speed euro," Dr Gerard Lyons, chief economist at Standard Chartered, said on CNBC, "You don't have any room for flexibility, any room for manoeuver and that's why here at Davos, one of the big worries that people have is that this European problem is going to run."
As bonus season in the City of London gets underway in earnest next week the first of the UK’s major banks, Royal Bank of Scotland (RBS), announced the bonus package for its chief executive Stephen Hester on Thursday evening and immediately came in for criticism.
European investors fled a range of long-term investment funds in December 2011, capping a bad year for the fund management industry as a whole, research published on Thursday revealed.
Despite reports suggesting that Iran is considering a halt to all oil exports to Europe as a response to European Union and US sanctions, the head of energy watchdog the International Energy Agency said that releasing reserves under its control is not something under consideration now.
Olivier D'Assier, Managing Director, Europe and Asia at Axioma says the key risk in Europe is not deflation but lack of growth, and Germany's call for more fiscal austerity may not be an effective solution to the debt crisis.
European markets close mostly down over ongoing concerns over a Greek debt deal. Billionaire George Soros says we need to strengthen Italy & Spain. Telecom shares fall after Ericsson misses sales and profit forecasts. German business sentiment rises for the third straight month. Treasury sells $35 billion in 5-year notes at yield of .899 percent.