The dollar will stay at around the $1.40 mark against the euro for some time as both currencies face downward pressure and the euro is resistant to bearish news, Dennis Gartman, hedge fund manager and author of The Gartman Letter, told CNBC Wednesday.
A new bet has been placed on the the Greek debt crisis. It backs a growing view among investors that Athens may be about to suffer a messy default that could spark a run on the country’s banks and a deeper eurozone crisis, the FT reported.
The Greek debt crisis fanned a broad sell off Wednesday and it will no doubt keep markets on edge Thursday.
As Europe struggles to find a fix for Greece—and Greek citizens take to the streets—traders worry that a Greek default might be like the failure of Lehman or worse. Are they right?
Stone-throwing Greeks clashed with police and protesters marched on parliament to oppose government efforts to pass new austerity measures for the debt-stricken euro zone state.
The UK Financial Services Authority has written to 260 wealth managers to warn them that it has identified "significant, widespread failings" within the industry's approach to managing client risk, as it opens regulatory action against 14 firms.
European stocks were expected to open slightly lower on Wednesday after ministers in the euro zone failed to reach an agreement late on Tuesday on how private bondholders would take part in a fresh bailout for Greece.
It appears that 52 economists have urged the UK government to abandon the public spending cuts associated with its “Plan A” and move to a Plan B, which would involve halting the cuts and…not much else, it would seem, writes Moorad Choudhry.
The “shadow” banking system in China is the biggest matter for concern for those thinking about investing in the country, Bhanu Baweja, head of research and emerging markets strategy at UBS, told CNBC Tuesday.
The U.S. economy continues to expand, but the BRIC countries — Brazil, Russia, India and China — are showing a moderation in economic activity.
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As European headlines focused their attention on Greece, Spanish debt yields rose steadily in the last few weeks, with the spread versus the German bund now standing at around 250 basis points.
European stocks were seen steadying on Tuesday following Chinese macroeconomic data that fuelled gains in Asian equities, while a number of investors see attractive valuations after a six-week retreat.
Private equity firm Helios Investment Partners closed its second Africa-focused fund at $900 million on Monday, as fundraising for the world's most under-invested continent rebounds after the financial crisis.
The end of Europe's love affair with nuclear energy provides fertile ground for the development of other renewable sources of power, according to the head of European infrastructure at private equity house Kohlberg Kravis Roberts (KKR), which has just completed a major deal in the sector.
Hey, did you hear? The US today is like Japan in the 1990s. (Well, maybe not.)
The bickering continues in Europe as a critical deadline looms for Greece — but you wouldn't know it from watching the euro against the dollar.
Agustin Carstens, who heads Mexico's central bank, is pushing to replace Dominque Strauss-Kahn as head of the IMF.
The dollar could be set to rally against the euro despite improved market sentiment around the European sovereign debt crisis, Robin Griffiths, technical strategist at Cazenove Capital told CNBC Monday.
Recep Tayyip Erdogan's AKP won a comfortable majority in the Turkish elections, but the Prime Minister's desire to change the constitution could distract the new government from managing an overheating economy, analysts told CNBC.com.