*Adecco, Randstad seen benefiting from subsidies, auto sector. LONDON, July 29- Despite high unemployment, weak economic growth and complex labour laws, France is offering an unlikely glimmer of hope to beaten-down staff recruitment firms such as Adecco and Randstad.» Read More
Minutes to the Bank of England's latest interest rate meeting reveal a division among policymakers on the outlook for inflation amid a still weak economy and the debt crisis.
Hugh Hendry, the outspoken fund manager who runs Eclectica Asset Management in London, told CNBC he is betting China’s credit bubble is about to burst, causing another global crisis.
Current efforts to reform financial regulation are “cosmetic” and won’t prevent another crisis, economist Nouriel Roubini said Tuesday.
Investors worried about the euro zone’s proliferating debt crisis have found safety across the Atlantic on Wall Street, according to Bank of America Merrill Lynch.
The euro is set to continue its recent sharp declines against the dollar and could fall to between $1.18 and $1.15, Roelof van den Akker, senior technical analyst from ING Commercial Banking told CNBC Tuesday.
European finance ministers meet in Brussels Tuesday and much of the talk will focus on how the sinners can be punished.
Call it the eurozone two-step. That’s what the euro nations in distress will be asked to dance on Tuesday as their ministers present their recovery plans to the body of 16 eurozone finance ministers engaged in an emergency meeting in Brussels.
Greek Prime Minister George Papandreou declared he is not ruling out taking legal action against U.S. investment banks for their role in creating the spiraling Greek debt crisis.
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With the euro under pressure on Monday euro zone and European Union finance ministers heading for a meeting in Brussels over the next 48 hours, the German government is pressing other members of the euro to adopt their own versions of the so-called balanced budget law.
Following the European Central Bank’s decision to start buying assets to relieve liquidity problems within the euro zone, a leading German lawmaker has called for ECB President Jean-Claude Trichet to resign.
The European Cental Bank's bailout package is just a $1 trillion fig leaf covering the problem and a better move would have been to arrange for Greece and Portugal to leave the European Union.
Any assumption that the financial crisis is behind us is way off the mark, as the European Union is just shifting debt obligatoins between the public and private sector and not dealing with the undelying problem.
Banknote wholesalers will no longer supply the 500 euro note in the UK as part of measures to prevent money laundering, the Serious Organized Crime Agency (SOCA) announced Thursday on its Web site.
The European Central Bank's decision to buy government bonds in the secondary markets will likely stop speculators, but it may push the euro down by more than 10 percent.
Much of the demand for the precious metal is reportedly coming from Germany, where the memory of hyperinflation continues to significantly influence thinking.
The Queen was made to hang around for 5 days this week while her elected representatives attempted to form Britain’s next government.
Last Thursday’s intraday volatility, which saw the Dow plummeting nearly 1000 points, has left European investors tentative about Wall Street, according to market participants.
The great recovery is an illusion, and the banking crisis is likely to be very costly for the world economy, according to economist Jamie Dannhauser at Lombard Street Research.
The only thing missing from the weekend’s $1 trillion rescue package for Europe is a good acronym, Timothy Scala, a macro strategist at hedge fund Sophis Investments told CNBC.com Wednesday.
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