KEEPING SCORE: Germany's DAX was little changed at 9,650.62 and France's CAC-40 declined 0.3 percent to 4,428.59. Britain's FTSE 100 shed 0.1 percent to 6,800.15. CHINESE SLOWDOWN: Weak data released on the weekend fueled concern China's economic slowdown is deepening, prompting hopes for stimulus spending on construction or other projects.» Read More
Without the support of the UK or many euro-zone members, the EU looks split on key issues at a time when the Treasury Secretary thinks they should be standing united.
Portugal is a “totally different situation” than Greece, Ricardo Salgado, chairman of Espirito Santo Financial Group [ESFG], a financial services holding company which does business primarily in Portugal, told CNBC on Tuesday.
Sovereign debt concerns in Europe have taken hold of global stock markets and the 'flight-to-safety" flow into US bonds will continue, experts told CNBC.
The debt crisis is a game changer for the market and Europe is now at risk of heading into a double-dip recession, Arnab Das, managing director of market research and strategy at Roubini Global Economics told CNBC Monday.
The European Union's economy chief has warned that the region will stagnate unless governments make major reforms to boost growth.
As governments from Greece to Portugal to Spain try to sell markets on their budget-cutting zeal, the country that may face the biggest hurdle is Britain, the New York Times reports.
The spending cuts outlined by the UK treasury are “a crazy cutting agenda,” that could push the country back into recession, according to a former Bank of England official.
Speculation that Greece could opt out of -- or be pushed out of -- the euro zone roiled global stock markets last week.
The latest stock selloff has really been a readjustment on forecasts of global economic growth.
With one major banking crisis behind us, Monument Securities Chief Economist Stephen Lewis said investors only need to go back to 2007, rather than the Great Depression, for clues on how the current problems may play out.
Spain’s central bank stepped into save regional savings bank CajaSur Saturday with a €500 million euro ($621.75 million) cash injection to keep it solvent.
A global crisis of confidence is imminent unless there's “a bigger boat” to tackle the world’s economic problems, Beat Lenherr, chief global strategist at LGT Capital Management, told CNBC Friday.
The European debt crisis will deliver a "meaningful hit" to global growth and the recent selloff in stocks indicates the global economy has major structural issues, Mohamed El-Erian, CEO and co-Chief Investment Officer of Pimco, told CNBC Friday.
The euro has taken a beating in the past few weeks as concerns over the fiscal stability of the euro zone cause investors to sell the currency. But Royce Tostrams, technical analyst at Tostrams Groep, told CNBC on Friday that the euro is an 'ugly duckling' story and has both short- and long-term potential.
Markets are significantly undervalued in terms of corporate earnings, and stocks are set to bounce back with a vengeance, Christian Blaabjerg, Strategist at Saxo Bank, told CNBC Friday.
Spain says cutbacks aimed at reigning in its deficit will hurt economic growth in 2011, which it now expects to be half a percentage point lower than previously forecast.
Stocks are likely to continue their aggressive decline and shed another 20 percent as the world economy weakens, economist Nouriel Roubini told CNBC.
Speculators are not responsible for the current pressure on the euro, the currency is struggling because of political failures and diminished enthusiasm for the monetary union in Germany, Hans Redeker, global head of foreign exchange strategy, told CNBC Thursday.
At both ends of the workforce spectrum, Portuguese are saying the same thing—I want a job.
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.
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