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Though rating agencies have warned that they would cut Greece's credit rating to default levels if a Greek rollover debt occurred, this would not trigger any credit default swap payout, David Geen, general counsel of the International Swaps and Defaults Association, told CNBC Tuesday.
Greece recently passed austerity measures and appears to be on the road to a bailout, but strategic investor Dennis Gartman still believes the country will eventually default.
Dennis Gartman, The Gartman Letter with a look at "selective default" and a play on the Greek bailout, and the Fast Money traders weigh in on Herbalife.
Jeffrey Gundlach, DoubleLine Capital CEO, with insight on the subprime bond market's next move. Also, David Geen of ISDA with a look at what's in a default..
Blame the other guy. That's the name of the game played in Washington right now with the debt ceiling.
Almost everyone expects the European Central Bank to raise rates this week, but you can still trade on it. Here's how.
Markets, commodity prices, and growth related currencies rebounded last week on the back of good news when the Greek Parliament passed the latest austerity package.
Evangelos Venizelos, who was brought in as Finance Minister of Greece two weeks ago, said Greece's part in the euro zone was "not reversible" in a first on CNBC interview Tuesday.
Markets have overreacted to recent concerns on oversupply in soft commodities, and the fundamentals do not support the recent sell-off, Sudakshina Unnikrishnan, analyst at Barclays Capital, told CNBC on Tuesday.
China's banks are unexpectedly fragile and the Royal Bank of Australia is a dove - it's time for your VEX Fix.
The current situation in the euro zone is "untenable" and policymakers will have to either pursue greater European economic integration or see countries exit the euro, George Magnus, Senior Economic Advisor, UBS told CNBC Tuesday.
Growth in the euro zone's dominant service sector slowed for a third straight month in June, and by more than an initial estimate, with sluggish new orders dimming the outlook, a survey showed on Tuesday.
The European Central Bank will continue to accept Greek debt as collateral for loans unless all the major credit rating agencies it uses declare it to be in default, said a senior finance official to the Financial Times.
The world’s biggest gambling nations include plenty of unlikely candidates. Read on to find out the countries with the biggest losers and the boldest gamblers.
A Greek default is coming and the European authorities trying to avoid it will have to face up to it eventually, a leading economist told CNBC Monday.
Europe needs to be prepared to help Greece more in future in order to fuel economic growth in the country, German Finance Minister Wolfgang Schaeuble told German magazine Spiegel in a interview when asked whether Greece needed a European Marshall Plan.
Little by little, the woman's credibility as a witness crumbled — she had lied about her immigration, about being gang raped in Guinea, about her experiences in her homeland and about her finances, officials told the NY Times.
A tale of two euros: Despite Greek turmoil, the ECB is expected to raise rates next week. How to profit using currencies, with CNBC's Scott Wapner and the Money in Motion traders. And will next week's jobs report lift the dollar.
The week's top business news and investment advice, including end of QE2 plays, European equities, financial favorites and more.
The euro had a big runup after the Greek crisis was temporarily resolved, but traders are flummoxed about next moves.