The US Federal Reserve’s announcement it would buy another $600 billion in US government bonds to boost the economy will help the dollar stabilize, and no further easing is necessary, but it might exacerbate tensions at the meeting of G20 ministers which started in South Korea on Thursday, Nomura analysts said.
The European Central Bank’s reluctance to consider further monetary easing exacerbates the problems the euro zone is currently facing, economist Nouriel Roubini told CNBC Thursday.
Anyone wondering what President Obama will face when he arrives in South Korea on Wednesday for a global financial summit meeting need look no further than an announcement by China’s leading state-endorsed rating agency, which downgraded the United States’ credit rating on Tuesday — and provocatively questioned American leadership of the global economy. The New York Times reports.
the New York Times reports.
A spokesman for German finance minister Wolfgang Schäuble resigned unexpectedly on Tuesday after his boss berated him at a press conference, adding to controversy surrounding the outspoken minister who recently irked US authorities when he criticized the Federal Reserve’s decision to launch another round of bond buying and called the policy "clueless."
The euro will see some downward pressure in the short term after peaking just below $1.4330, but expect to see another rally attempt before long, Roelof van den Akker, chartist at ING Wholesale Banking told CNBC on Tuesday.
The greatest danger facing the global economy is a return to trade protectionism, Angela Merkel, German chancellor, has warned ahead of this week’s meeting of global leaders in Seoul. The FT reports.
The United States should tax purchases of yen, yuan and euro used to import goods from those three economies. Set it at about 40 percent until the Gang of Three agrees to acceptable exchange rate reforms.
I'm ashamed to say world markets may again need to go on Europe Watch. The risk has risen to a level that local nerves over sovereign debt will fray to the point that they have a material impact elsewhere.
The times when developed economies grew at high rates are behind us and the next crisis will hit when people realize this, Satyajit Das, author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives told CNBC Tuesday.
Several transportation experts say that full screening of all air cargo would cause the system of express air delivery to grind to a halt, reports The New York Times
Investors disappointed with the yield on government bonds should look to good-quality companies with strong dividends such as Deutsche Telekom and Nestle, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
Germany is pushing to let hopelessly indebted governments do exactly that — admit they can't pay and hit bond investors with the costs instead of taxpayers.
The world’s most famous octopus, which correctly predicted the winner of this year's World Cup, has died, the Oberhausen Sea Life Centre in Germany announced Tuesday in a statement.
A decaf latte with skim milk and artificial sweetener is called, in some places, a why bother. No caffeine, no fat, no sugar—why bother? It would be too much to say the meeting of the G20 finance ministers this past weekend was a complete why bother, but, in my eyes, close to it.
Asset allocation strategists haven’t had an easy time in recent years. For awhile they dished out bigger weightings to defensive plays—bonds, cash and commodities. But for 2011, strategists recommend investors boost allocations to ride the wave.
The dollar's slump could get far worse if the dollar index takes out last year's low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
The government bond market rally is over and investors are switching their portfolios to the stock market, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.
The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.
The problems banks have with mortgages will take a long time to be solved and bank stocks are not attractive despite the recent drop in price following fears over problems with foreclosures, famous investor Jim Rogers told CNBC Wednesday.