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  • Stocks sank in the last hour of the session as traders continued to consider the Federal Reserve's plans to lift the U.S. economy. DuPont and American Express fell, while HP  rose.

  • Stocks were mixed Wednesday in the absence of major economic or earnings news, as investors continued to weigh the Federal Reserve's next moves.

  • The sovereign debt crisis, wrecking havoc on some periphery euro zone member states, could turn out to be a positive for many core European counties, Karen Olney, chief European equity strategist at UBS, told CNBC Wednesday.

  • U.S. stock index futures were lower ahead of the open Wednesday as European debt concerns rumbled on and the prospect of further quantitative easing from the Federal Reserve put pressure on the dollar.

  • The Parthenon in Greece

    This time of September is always one of the busiest but most exciting times of the year as fall in New York kicks off with a decidedly international flavor. Last week, New York was home to two important events: the opening of debate at the U.N. General Assembly and the annual meeting of the Clinton Global Initiative.

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    Many of the contributors to the crisis, including Basel II, are being expanded instead of scrapped.  Market discipline is gone;  companies can not be allowed to fail and  creditors can't take losses.

  • aBSTRACT FOR POST

  • The question whether the single European currency will survive the current crisis is "silly", Otmar Issing, president of the Center for Financial Studies and a former ECB board member told CNBC.

  • NYSE Traders

    Demand may be strong for bonds issued by periphery euro-zone countries but those countries must restructure their debt at some point because yields are unsustainably high, two economists told CNBC Wednesday.

  • Dublin, Ireland

    Ireland's four- and eight-year sovereign bond auctions saw strong demand, pushing the euro higher versus the dollar.

  • Dublin, Ireland

    Investors are anxiously waiting for Ireland's auction of longer-term government bonds later Tuesday to see whether demand for periphery euro-zone debt is still going strong despite fears that gripped markets Friday.

  • The government of Greece suffered from a "lack of credibility" that worsened the nation's sovereign debt crisis, Greek Prime Minister George Papandreou told CNBC Monday, in a candid discussion of the country's recent fiscal makeover.

  • The government of Greece suffered from a "lack of credibility" that worsened the nation's sovereign debt crisis, Greek Prime Minister George Papandreou told CNBC Monday, in a candid discussion of the country's recent fiscal makeover.

  • Dublin, Ireland

    A planned auction for Irish government bonds is likely to go ahead despite jitters concerning the country's banks and debt that roiled markets Friday, analysts said Monday.

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    The international community has postponed bank stress tests for Greece to give the country breathing space as Athens prepares to test the success of its European roadshow last week by raising more money in the capital markets.

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    In two weeks, Alexandra Mallosi, 29, will be packing her bags and leaving the quiet Athens suburb of Holargos for Abu Dhabi to start a job as a hotel sales manager. It was not a tough decision, reports the New York Times.

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    For years, Anissa Benchamacha bought her meat in a parking lot, from vendors hawking near-expired products to Muslims eager to find food that met their religious requirements.

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    "No actor, no product, no sector, no territory should no longer be able to escape sensible and intelligent regulation and supervision," Michel Barnier, the EU Commissioner for financial services, warned in an interview with CNBC.

  • Lake Como, Italy

    Even when gathered at Italy's scenic Lake Como, experts offered a generally gloomy outlook for the economy—especially in the US.

  • NYSE Trader

    September and October hold bad news for stock markets and banks remain overleveraged as we head into the second leg of the financial crisis, says Pedro De Noronha of Noster Capital.