After investing billions in Greek banks, Ross and other US investors are watching assets evaporate as the economic turmoil heats up — again.» Read More
Risk is off, debt worries are on, and the dollar is in again - time for your FX Fix.
UK Chancellor George Osborne told CNBC on Tuesday that Britain is an example to countries like Greece on austerity.
The debt crisis facing the developed world is big and will take a generation to resolve, Angel Gurria, Secretary General of the OECD, told CNBC Thursday.
Europe’s recovery is on track, but reform of the financial services sector and strong policy action to improve the fiscal health of EU member states is needed in order to prevent future crises, the International Monetary Fund has said.
Mervyn King, the Governor of the Bank of England, made it clear to the market on Wednesday that UK rates would have to rise at some point.
Positive data from the United States on jobs and corporate earnings are very good news for Wall Street, according to Mike Lenhoff, the chief strategist at Brewin Dolphin in London
Greek trade unionists dutifully turned out for a one-day general strike on Wednesday but the chanting of anti-austerity slogans outside parliament lacked the defiance of a year ago.
The US faces another year of rising unemployment and subpar growth as hopes for a recovery give way to a global slowdown, according to economist Nouriel Roubini.
Looking at an under the radar way to play the action in Greece, with Andrew Busch, BMO Capital Markets/Money in Motion currency trader.
The Bank of England raised its medium-term inflation forecast to just under 2 percent in its May inflation report, potentially paving the way for a November rate rise.
The boss of French banking giant BNP Paribas has told CNBC that he sees no risk of contagion from the problems facing Greece, Portugal and Ireland.
In Ireland the Irish Times columnist Morgan Kelly has caused a stir by suggesting that his country needs to break free of the terms of its bailout from the European Union and the International Monetary Fund if it is to thrive as a nation.
Given such a debt burden, what are the chances that a country with Greece's history would be able to finance its debt in the market on terms consistent with a decline in the debt burden?
Britain's economy is unlikely to grow as fast as before the financial crisis because its most productive sectors have been hardest hit, jeopardising government plans to cut the deficit, reports the FT.
Web-only investor advice from CNBC's Melissa Lee and the Fast Money traders.
The final word on the trading day and your first trade tomorrow, with CNBC's Melissa Lee and the Fast Money traders.
Doug Kass, of Seabreeze Partners, says stocks will sell off this spring after home buyers turn out to be no shows, with CNBC's Melissa Lee and the Fast Money traders.
Rumor in the market today is that another 60 billion Euros will be flowing to Greece from the EU or the IMF, or maybe both. It really should come from the IMF in my mind since they are the yahoo's that predicted long term interest costs for Greece would be 5.6% in 2012. While there is always a chance for a miracle, long term Greek bonds are at an almost 16% yield. So if Greece is to get money, it'll have to come from the EU or the IMF.
Germany and the rest of Europe will loan Athens more money to keep Greece servicing its debt and prevent writedowns by European governments and banks on loans they've already made to Greece.
The euro has dropped more than 5% against the dollar in a matter of days. But this strategist says it won't last.