MINSK, April 27- The World Bank said on Monday it saw Belarus's gross domestic product contracting 3.5 percent this year, sharply revising it down from an earlier forecast of 1.8 percent growth. Next year the contraction will continue, with GDP expected to decline 1 percent, Ruslan Penkevsky, the bank's senior economist for Belarus, said at a press conference.» Read More
Standard & Poor’s ratings agency denied on Friday it had not taken into account the recent reforms Spain had announced when it downgraded the country for the second time this year, saying Spain’s weaker-than-expected economic outlook and rising risks in the banking system had added to concerns and prompted the downgrade.
Spanish banks are facing a “tragic” situation, and there should be no complacency about their problems, according to Bill Blain, a senior director for the Special Situations Group at UK brokerage Newedge.
The European Central Bank needs to go “back to the normal procedures” after “extraordinary” measures such as its mass liquidity injections, according to the former Bundesbank President who presided over the inception of the single currency.
European shares are called to open flat on the last day of the trading week amid renewed concerns over Spain which was downgraded for the second time this year by S&P.
The Czech Republic's government faces a confidence vote in parliament on Friday, the latest European government to face protest over tough spending cuts and unpopular measures needed to cut the country's budget deficit back below 3 percent of gross domestic product.
European markets are seen opening the trading day higher on the back of U.S Federal Reserve comments and robust corporate earnings reports.
The French housing market would be the next bubble to pop if the European Central Bank increases interest rates, or if markets begin to perceive the same fundamental weaknesses in France as they currently do in Spain, analysts at Danske Bank wrote in a market note.
A diverse set of circumstances and potential economic outcomes around the globe are forcing investors to take an equally diverse approach to investing, Pimco's Mohamed El-Erian said.
With borrowing costs for the euro zone’s peripheral nations rising and a battle over growth versus austerity set to dominate politicians' attention, two leading contrarians have taken aim at the current policy response. 1st paragraph goes here
European shares are seen opening the trading day mixed as investors digest a raft of company earnings and look ahead to UK GDP figures and the United States Federal Reserve policy meeting.
As opposition to austerity measures mounts across Europe, those demanding frugal spending are facing up to a battle with those who dare question Europe’s current grand plan.
Indebted governments will have to find ways of "rigging the financial system to suit themselves," because there is no decent economic growth, according to HSBC Chief Economist Stephen King.
The European Central Bank must go beyond liquidity injections and buy more government bonds to address the sovereign debt crisis in Europe before further problems arise with even serious consequences for the euro, Pierre Lagrange, co-founder of investment manager GLG and founder of MAN Asia said on Tuesday.
Having successfully agreed a package to restructure Greek debt, European policy makers had hoped they would have some time to push on with economic reforms without the threat of imminent financial crisis. Unfortunately events have again overtaken them, analysts at CitiFX said.
The resignation of the Dutch government over the weekend showed how difficult it is for elected officials to push through austerity measures.
European shares are seen clawing back some of the losses they saw on Monday, but persisting concerns over the debt crisis in Europe could keep gains in check.
Economic fundamentals in Europe are improving substantially and Spain will not need additional aid as the results of its reforms will become apparent in six months’ time, ECB Governing Council Member Ewald Nowotny told CNBC’s “Squawk Box” on Monday.
European stocks are expected to open slightly lower when trade kicks off at 09:00 CET with spread betters calling all three main indexes down.
European shares are seen opening lower Friday as weak data from the U.S. tempers sentiment despite strong corporate earnings this week.
The online-travel site's stock has shot up 57% this year but in order to keep investors coming back, the company has to hit the ground running in its new battlefield — mobile bookings. The CEO will outline his plan on CNBC's "Squawk on the Street" on Thursday.