*G20 source says industry over-reacted to first plans. *Sector expects revised plans from G20 later in year. LONDON, Aug 20- Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G20 officials said.» Read More
Greece gave in to market pressure and officially requested financial aid from the European Union and the International Monetary Fund Friday, but analysts and traders say the rollercoaster ride for investors is not over.
Allowing Greece to go bankrupt may cause a lot of pain but it will be better for the single currency in the long run, investor Jim Rogers said in an interview with CNBC on Friday.
The world economy is clearly in a V-shaped recovery and those talking up a double dip recession are way off the mark, Jim O'Neill, the head of global economic research at Goldman Sachs, told CNBC.com.
The global economy is facing a lost decade or a fully-fledged recession unless policy makers change their ways now, economists at Independent Strategy said.
The sovereign debt crisis facing Europe, which started in Greece, is spreading to many other large economies in the Organization for Economic Cooperation and Development (OECD), according to New York University professor of economics Nouriel Roubini.
If governments around the world come down too hard on the banking sector with punitive regulation they could cause the economic recovery to stall, George Godber, senior investment manager from Charles Stanley, told CNBC Tuesday.
The political philosophies espoused by former leaders Ronald Reagan and Margaret Thatcher will wither and die as the West watches its financial and political power ebb away to the East, according to HSBC’s chief economist.
The billionaire investor said he believes that Germany’s insistence on an interest rate of 5 percent for the aid package has compromised the rescue because it would water down its impact.
Perhaps, you’ve been mystified, like me and the CNBC crew here in Vienna, by how a big cloud now covering much of Europe has brought us back to the Stone Age, travel-wise.
Shares in European airline and travel stocks fell heavily on Monday as ash from an Icelandic volcano looked set to bring much of Europe to a standstill for a 5th straight day.
It's probably not the favor that the bank was hoping to deliver, but the SEC's decision to charge the Wall Street giant with fraud has definitely taken the spotlight off Athens and its budgetary woes.
European Commission President Jose-Manuel Barroso on Sunday called for Europe to co-ordinate any steps to address the economic impact of Icelandic Volcano which has grounded flights across the continent.
The yuan's peg against the dollar and a bigger say on the international scene may be making all the headlines as the BRIC leaders meet in the Brazilian capital over the next 24 hours. But the big story is the growth in trade and investment between the four economic power houses – and how this is shaping relations between them.
If the euro can't go ahead, it will go backwards, the famous financier said. "It's important to understand that if you don't make the next steps forward for the euro, the euro will go to pieces and the European Union too," Soros added.
Investors looking to benefit from emerging market growth should buy German export stocks, Matthias Born, portfolio manager at Allianz Global Investors, told CNBC Wednesday.
Investors are underestimating the strength of the German and French economies, which will return to strong growth in the second and third quarters on the back of export and investment strength, Bob Parker, an analyst with Credit Suisse, told CNBC Wednesday.
The legendary investor who forced the pound out of the Exchange Rate Mechanism in 1992 believes that the rescue package is only "a little step" that may not stop Athens falling into a "debt spiral".
The next 24 hours will be critical for Greece and its economy. After news over the weekend that the euro zone put together a rescue package, Athens will now test the markets reaction.
Before we blame Greenspan for the past bubble and bust, it is worth reiterating that of course there was a lot of blame to go around in this area.
1st paragraph of story should go here
Get the best of CNBC in your inbox