Back in 1997, Thailand commenced its own banking crisis. The conventional wisdom was that the Thai economy was too small to affect other countries in the region. Nevertheless, the Asian crisis was soon in full swing, bringing down governments and moving from South East Asia to the whole of the region.
In 2009, as the financial crisis entered its darkest days, G20 leaders descended on London for a meeting aimed at bringing the world economy back from the brink.
It is the trillion dollar question that is stalking markets across the world. Can the global economy stand on its own two feet once the Federal Reserve, and other central banks, step back from extraordinary measures to boost growth?
As austerity measures kick in and the euro zone debt crisis begins to really bite voters where it hurts, in the pocket, extreme political parties are becoming mainstream, warns Dylan Grice, a strategist at Societe Generale in Paris.
Siemens Corp., the U.S. subsidiary of Siemens AG, has announced it intends to hire 3,000 people in the United States, and that a percentage of those jobs will be reserved for returning veterans. Eric Spiegel, CEO, Siemens Corporation, explains the company's plans.
“It’s the brave action of this government that has lifted our country out of the danger zone,” said UK Prime Minister David Cameron in a speech in Manchester on Monday. The problem with this message is the data just keeps getting worse.
Rising commodity prices mean investors should stay clear of consumer discretionary stocks, according to Nomura strategist Ian Scott.
I know it has been a long and cherished tradition to blame the Germans for just about anything from the end of fox hunting to the trials and tribulations of the euro, but as popular as it may be, trust me, it is not always true, writes CNBC's Silvia Wadhwa reports.
Now that Portugal has capitulated and asked for financial assistance, traders are fixated on the potential for its problems to spread.
EU policy makers confidently told reporters in Budapest and Frankfurt last week that Portugal will be the last euro zone member in need of a major bailout. The comments were taken with a pinch of salt by those who have watched the contagion spread from Greece, to Ireland and then on to Portugal.
The remarkable thing about all consensus forecasts is that they are so wrong so often, Richard Cookson, the CIO of Citi Private Bank said in an interview with CNBC Monday.
Fathom Consulting in London today launches a new global economic modeling system which focuses on 22 countries looking at the interaction between the real economy and financial markets. Its findings will offer support for the bulls on US growth, worry those who expect China to keep driving the global economy and scare holders of peripheral euro zone debt.
European finance ministers said Portugal must make deeper budget cuts and privatize state firms in return for a bailout that could be agreed by mid-May.
Stress tests on European Union banks this year will use tougher criteria for measuring capital than last year, according to details released by the European Banking Authority Friday.
While periphery euro zone countries are drowning in a sea of debt and investor reluctance, Eastern Europe – which two years ago sent shockwaves through markets – is now shining away from the limelight.
Many people will applaud the ECB for having the guts and finding the room to re-establish it's inflation-fighting credibility and to step in where the Fed can not because of the state of the American housing market.
ECB President Jean-Claude Trichet announces a rate hike of a quarter point, which he attributes to rising oil prices. CNBC's Steve Liesman discusses the impact the hike is likely to have. Also, is Bernanke falling behind the curve, with Steven Ricchiuto, Mizuho Securities USA, and Zane Brown, Lord Abbett.
The West's attempts to kick-start growth have opened up a 'Pandora's Box' of economic distortions that have taken the emerging world to the outer reaches of economic experimentation, according to HSBC chief economist Stephen King.
The central bank is widely expected to keep rates at their current historic low of 0.5 percent as new data released in the UK this week showed the economic recovery faltering.
Portugal has finally gone cap in hand to the European Union, the European Central Bank is about to raise rates and the market is obsessed by Fed speak and looking for clues on when the second round of creating money — or quantitative easing — will come to an end.