LONDON, May 3- Always top of the data pile, this week will be no exception for the U.S. jobs report with a first interest rate rise likely this year despite a dramatic slowdown in the first quarter. "They will need better data to justify a rate hike, and that need is pushing the timing of a policy change ever-deeper into 2015," said Tim Duy, a professor at the University of...» Read More
European shares were called to open lower on Friday, ending another dismal week for equities, as investors learned that at least half of the euro zone’s member states are making contingency plans for a Greek exit from the single currency.
The concept of Eurobonds as one tool to tackle the euro zone debt crisis has re-emerged onto the agenda this week. But how would they work and how could they help to solve the crisis?
German business confidence came in lower than expected in May, adding to bad news from the euro zone's paymaster and knocking both stocks and the euro lower on Thursday.
European shares are called to open the trading day higher despite a lackluster European Union summit that found Greece being urged to stay in the euro zone but to honor commitments to its bailout agreement.
With Greece’s membership in the euro zone teetering, fears of bank insolvency rising and Europe’s leaders bickering about what to do, the euro crisis is once again intensifying and threatening to undermine fragile growth globally. The NYT reports.
Spanish banks are likely to need more money from the government to make sure they are well capitalized, Moritz Kraemer, head of European Sovereign ratings at S&P, told CNBC on Wednesday.
At a time where the debate over whether Greece should or shouldn't leave the euro zone reaches boiling point, shipping could prove critical for Greece's drive for sustainable growth.
European shares were called to open lower sharply lower on Wednesday as investor caution replaced hope ahead of an unofficial European Union summit in Brussels to discuss policy responses to the euro zone crisis.
Former Greek Prime Minister Lucas Papademos told CNBC there are no preparations underway in Greece for possibly exiting the euro, but can't "exclude the possibility" that other countries are making arrangements.
Christine Lagarde, managing director of the International Monetary Fund, vowed that the organization, which is part-funding Greece’s bailout, will “never leave the table” with its new government.
European stocks are likely to remain under pressure, and the euro is seen breaking technical support levels, as Greece's inconclusive election results look increasingly likely to push it out of the euro zone, according to market experts and analysts.
European shares were set to open higher on Tuesday as investors came to the conclusion that the markets were most likely over-sold and news emerged overnight of around 100 billion euros ($127 billion) of liquidity provided by the European Central Bank to the Greek central bank to prop up Greece’s financial system.
Government spending cuts in developed countries are hurting job creation and exacerbating global youth unemployment, which remains close to the peak hit during the 2009 crisis, the International Labour Organization said on Tuesday.
The Greek electorate has already bloodied the nose of its centrist parties, and now the number of undecided voters could help determine whether it remains in the euro zone.
Gold, used an alternative to the U.S. dollar by investors in search of safety, could see a move higher once markets have greater clarity on a resolution to the Greek debt crisis, Marcus Grubb, managing director of investment at the World Gold Council, told CNBC on Monday.
European shares were called to open lower on Monday after world leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.
"If the currency is not going to exist, it shouldn't be at $1.27," one strategist said, referring to the euro's exchange rate versus the U.S. dollar.
A "ring of defense" has to be built around eastern European neighbors Romania, Bulgaria and Serbia to help them cope with the fallout from a possible Greek exit from the euro zone, bankers said on Friday.
The European Bank for Reconstruction and Development (EBRD) expects the economies of Eastern Europe and the former Soviet Union, as well as four countries in the Middle East and North Africa, to experience a "substantial" slowdown this year because of fallout from the euro zone crisis.
The euro zone is facing its darkest hour but will emerge more competitive than in the past, the chief executive of the London Stock Exchange told CNBC on Friday, though he noted that smaller businesses are very important to Europe’s recovery.
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