German Chancellor Angela Merkel reiterated on Thursday that she wanted a European to become the next IMF chief and that Dominique Strauss-Kahn's exit before the end of his term was an argument in favour of such a move.
German insurer Munich Re has admitted it has hired 20 prostitutes as a reward for around 100 of its top sales executives at a party hosted in Budapest in 2007.
In Russian, we refer to risks as "underwater stones", the dangerous rocks lurking below the water’s surface that can sink a ship – or a stock portfolio. But the reality is that these underwater stones are never far below the surface, writes Dimitri Kryukov, chief investment officer of Verno Capital.
Just 20 percent of the Greek electorate believe the country should abide by the terms of the European Union/International Monetary Fund loan agreement and pay off all its debts, according to a poll in a Greek newspaper.
European stocks were indicated to open stronger Wednesday after Tuesday's sell-off, as Asian shares shrugged off a mixed US close.
If you think developed markets are in a low growth environment for some time, invest accordingly and take a view on the growth outlook, says Stewart Richardson, RMG Wealth Management.
The price of oil has been very volatile in recent weeks, but one investor believes over the medium term there are good reasons for crude prices to remain above $100 a barrel.
European shares are expected to open higher on Thursday with the DAX, CAC and FTSE 100 predicted to begin trade 30 points higher by spread betters in London.
The World Trade Organisation’s ruling that European subsidies for Airbus must end is “a clear, final win for fair trade,” the company’s main US competitor Boeing said today.
The collapse of BP’s share swap deal with Rosneft is not only good for the company, but “a victory for the rule of law”, Mattias Westman, the founder of Prosperity Capital Management and one of TNK-BP’s largest shareholders told CNBC.
The S&P 500 and MSCI emerging market index are both sitting on healthy gains since the start of the year but the Swiss SMI is range bound around 6,500 points. Why? One analyst believes it is all down to the weak dollar.
Low levels of leverage, the availability of bank capital and improving business confidence should presage a renewed surge in corporate mergers and acquisitions, according to an equity strategist at HSBC.
The role of financial investors in commodity markets is overestimated, veteran oil trader and CEO of the Dubai Mercantile Exchange Tom Leaver told CNBC.com.
The sight of Dominique Strauss-Kahn, managing director of the International Monetary Fund and prospective candidate for the French presidency, doing the "perp walk" was stupefying. If the charges are true, this capable man is a lunatic. But, unless the case collapses, the event will cast a long shadow, according to the FT.
In a possible setback to Dominique Strauss-Kahn's defense, the IMF said in a statement that its managing director will not enjoy diplomatic immunity in the sexual assault case against him.
The gravitas that the IMF needs to hold when walking into a nation's finance ministry or central bank and demand sacrifice for the social good is diminished by the allegations regarding the personal conduct of its managing director, according to Carl Weinberg, the chief economist at Capital Economics.
Whatever the outcome of the accusations of rape made against Dominique Strauss Kahn at the weekend, Marine Le Pen leader of France’s Front National was almost certainly right when she said that it marks the end of his campaign — or pre campaign — for the French Presidency.
The Queen visits Ireland Tuesday in what will be the first state visit there by a UK monarch since her Grandfather, George V, visited the then UK colony in 1911, but the event is clouded by threats from Irish dissidents.
European markets are again set to open lower on Tuesday with spread betters in London expecting Germany's DAX to drop by over 60 points.
Deal-making by both the London Stock Exchange (LSE) and Nasdaq-OMX hit snags this week on concerns over sovereignty and competition, leaving room for speculation that Nasdaq will now bid for the LSE.