The $700 billion bailout package that Congress is scrambling to pass will only prolong economic woes, legendary investor Jim Rogers, CEO of Rogers Holdings, told CNBC on Wednesday.
Barclays Capital, the investment banking division of Barclays Bank, said Tuesday it relaunched Lehman Brothers' U.S. equity trading and research unit under the Barclay Capital name.
Do you think European banks need a rescue plan? Vote in the poll below.
Talking to the beer producer at Oktoberfest there is definitely angst, as they say in Germany.
It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)
Want to start an altercation at Oktoberfest? Inform the people in your tent that Germany does not lead the world in beer consumption.
The brewing industry has faced tough times of late. Traditionally a defensive sector, brewers are facing stiff competition from wine and spirits.
There are two types of seating at the Oktoberfest tents: reserved and unreserved. My attempt at entering the reserved seating was blocked by security, press pass notwithstanding.
Oktoberfest is in full swing in Munich Monday and there are few signs that the credit crunch and Germany's economic slowdown is impeding the celebrations. But traveling tells a different story.
Experts comment on more government action to ease the pressure on the U.S. financial system. |
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Regulators across the world slapped temporary bans on short-selling in an effort to boost investors confidence. What do you think of the new regulations?
Rising fuel and food costs, the threat of job losses and disputes over pensions and pay are just some of the factors that sparked thousands of disgruntled workers to take action this summer.
The government takeover of mortgage finance companies Fannie Mae and Freddie Mac shows the need for more government intervention in the financial sector, French Finance Minister Christine Lagarde told CNBC Europe in an interview.
Even if the European Central Bank holds rates on Thursday the euro's supremacy on the currency markets is close to an end, analysts said on Wednesday.
The European Central Bank looks set to leave rates on hold on Thursday but the move is unlikely to contribute to a strengthening of the euro, as the signs of weakness in the euro zone economy intensify. Vote on which currency will gain the most by the end of the year.
If the decline in Commerzbank's share price this morning tells us anything about investor sentiment towards the $14.5 billion deal to combine Commerzbank and Desdner, the market thinks they overpaid.
European shares were expected to fall on Monday, tracking losses in U.S. and Asian stocks as Dell's warning on corporate technology spending continued to hit tech stocks while investors fretted about the impact of Hurricane Gustav.
European shares are set to open slightly higher on Friday, extending the previous session's sharp gains, after a big upward revision in U.S. second quarter growth, but oil prices rose on supply concerns.
Germany's Chancellor Angela Merkel topped Forbes magazine's list of the world's 100 most powerful women for the third year running, while U.S. Secretary of State Condoleezza Rice slipped to seventh from fourth last year.