Wealthy Saudi investor Prince Alwaleed bin Talal expressed confidence in Citigroup's earnings potential and also called for the bank to issue a dividend to shareholders.
If the European Central Bank raises rates, people will wonder whether the central bank is taking the position of country's facing debt problems into account, John Bruton, former Taoiseach (Irish Prime Minister) told CNBC Wednesday.
Switzerland has also moved to freeze the assets of the Libyan regime. But it seems unlikely that Colonel Gaddafi and his cronies would be stashing their wealth in Zurich these days.
Traders tell me stock markets are down in Europe today over fears about how its world class exporters could be hit by rising oil prices, specifically in emerging markets.
Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market.
"While valuations are not yet stratospheric we question where the support may come from for continued earnings growth in 2012 and 2013," Pedro de Noronha, managing partner at Noster Capital in London, said.
Europe gets messier, and the Chinese are (finally) buying someone else's stuff—Here's your FX Fix.
Egyptian President Hosni Mubarak's stepping down has kicked off a massive celebration in Egypt, but the unrest there sure isn't helping the euro.
...and new claims of abuse in the trading world—it's time for your FX Fix.
An interesting take on why Germany central banker Axel Weber appears to have taken himself out of the competition.
Tracking the ups and downs of the euro debate is a little wearying. Policy decisions are postponed, inflation hawks suddenly turn dovish, Germany sends conflicting signals on helping (or not helping) weaker neighbors…you get the picture.
In his new book, "THE NEXT DECADE: Where We’ve Been and Where We’re Going," Friedman predicts that, above all, America's power will be tested, and while the author says it will endure, it will require what he calls, "extraordinary skill of the decade’s Presidents to navigate turbulent waters and balance relationships."
Lewis said he found it “amazing” that the Irish government has “socialized” the banks—some $80 billion in senior and subordinated debt—and made it the financial responsibility of Irish taxpayers, who didn’t create it.
The European Central Bank suspended its emergency purchases of euro zone government bonds last week as the debt crisis eased, allowing it to focus on combating rising inflation, reports the Financial Times.
China could purchase large amounts of struggling European debt at bargain prices, taking away a major threat to the euro zone, Harvard Professor Niall Ferguson told CNBC.
Higher commodities prices and an uptick in China's inflation rate are putting the global economy in a better situation by cutting the potential for deflation, George Soros, chairman of Soros Fund Management, told CNBC Wednesday.
Though the US-China relationship often dominates the geopolitical trade debate, Beijing is now the top trading partner for Japan, Australia and South Africa, as well as South Korea, Hong Kong and Taiwan.
German gross domestic product will likely rise 3 percent in 2011, according to economists at Capital Economics. But their pick for next-strongest euro-zone economy tends to fly under the radar.
Jean-Claude Trichet’s hawkish comments on inflationary pressures and the resultant jump in the euro following Thursday’s European Central Bank's press conference talk has turned attention back to central bank exit strategies, an economist said Friday.