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.
We're in a "slow growth economy and things aren't getting any better" as the second half begins, J.J. Burns, president of J.J. Burns & Co., told CNBC Friday. In this environment, stick with companies specializing in health care, he says.
Zero exposure to stocks is the best way to position a portfolio over the next few months as markets look set to remain volatile due to a "pretend and extend" strategy on Greece, Bruno Verstraete, CEO at Nautilus Invest told CNBC.
The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.
Japanese businesses are pessimistic and euro traders don't know what to think — it's time for your Friday FX Fix.
The second half of the year should see European stocks performing positively, Michael Browne, portfolio manager, Europe at Martin Currie, told CNBC Friday.
Sovereign default in developed economies could be "catastrophic" for investors, a report by BlackRock Investment Institute noted, as many traditionally have large holdings in government debt as a very low risk, relatively low return investment.
Alan Greenspan, former Federal Reserve chairman, discusses the crisis in Greece, the end of QE2, and President Obama's plan to tackle the deficit.
Strong medicine for Greece will jumpstart aid plans and currency investors' fears will ease, one strategist says.
Investment professionals have a new pitch: The sky could soon be falling. So-called black swan funds — named for rare and unexpected events — offer a way to profit in the event of a market collapse, the New York Times reports.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
The gloom which has descended on the British high street, with shop closures and well-known chains collapsing, is set to continue as consumers cut back, Mike Dennis, senior consumer analyst at MF Global, told CNBC Thursday.