Standard & Poor's Ratings Services on Monday revised its outlook on the European Union to "negative" from "stable," citing Greece as a factor.» Read More
As the crisis in the peripheral area of the euro zone threatened to drag Italy down further on Wednesday, the majority of the region now faces further contagion.
The Irish economic recovery has been held back by credit ratings agency Moody's downgrading its rating to junk status, Minister for Jobs, Enterprise and Innovation Richard Bruton said Wednesday.
Finding a solution to the euro zone crisis is such a complex task that investors, as well as many citizens of the European Union, have grown disgruntled with attempts to sort out the debt.
The British parliament will unite on Wednesday to urge Rupert Murdoch to drop plans to further expand his media empire in a move unthinkable before a phone hacking scandal exploded just two weeks ago.
Experience suggests European politicians will struggle to agree on a deal that would actually draw a line in the sand of the entire euro zone debt crisis. Many blame their indecision for getting the euro in this position in the first place.
Some ill-chosen words from Silvio Berlusconi about his finance minister and a warning from S&P have seen Italian bond yields soaring and investors across the globe beginning to fret over the world’s third biggest issuer of government debt.
Speculation has been building about who might want to buy the other newspapers owned by Rupert Murdoch's News Corp in the UK, after the News of the World closure.
In the euro zone, the fiscal crisis is lapping on Italy’s shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial, according to the FT.
Traders will be tuned in to Bernanke's Senate testimony Wednesday to see what he says about the economy and any new stimulus measures. Don't get too excited about a QE3, one economist said — that was just the Fed thinking out loud.
Italian bond yields are up, stocks are down, and Prime Minister Berlusconi is vowing quick passage of an austerity plan. But the real problem is the euro.
The euro takes a beating and the trade deficit dents the dollar - time for your FX Fix.
European banking stocks fell sharply Tuesday before starting to rebound, with Unicredit and Deutsche Bank among the top losers, on fears that sovereign debt crises in peripheral euro zone countries might spread.
Late last week, Berlusconi managed to undo years of work aimed at keeping Italy out of the sights of the bond vigilantes when he was reported to have launched a scathing attack on his fiscally conservative finance minister, Giulio Tremonti.
Italy's family savings will keep the country from defaulting, Alessandro Capuano, head of Italian desk at IG Markets, told CNBC Tuesday.
European bank stocks are now trading like technology stocks did before the bust of the early 2000s, Peter Toogood, Director of Investment Services at Old Broad Street Research, told CNBC Tuesday.
After yet another midnight wait for a more or less cryptic "policy" statement by EU officials, CNBC puts together a translation of the hermetic euro policy language into plain English.
Greece is heading for default, or at least a devaluation, and European Union (EU) leaders have to adopt a "plan B" to stem contagion to the rest of the bloc, billionaire investor George Soros said on Tuesday.
The Euro zone finance ministers are having a critical debt crisis meeting today. They are trying their best. But the situation is difficult and complex, both from a financial and political perspective.
An outlook on banking stocks and the impact of sovereign debt on the bottom line, with David Konrad, Keef, Bruyette & Woods, and Erik Oja, Standard & Poor's.
The ongoing crisis in the euro zone is creating a trading opportunity among safe-haven currencies, this strategist says.