TOKYO, Sept 22- The dollar hovered near six-year highs against the Japanese yen on Monday, underpinned by expectations the world's biggest economy will see the start of its rate-tightening cycle sooner-than-expected.» Read More
More than three quarters of business leaders think that a hung parliament will be bad for the UK economy, a survey commissioned by CNBC showed Tuesday.
Hesse Prime Minister Roland Koch said Monday he sees no danger that the Greek bailout could be stopped by constitutional challenge.
European officials are finally getting spurred into action by the danger of contagion and sources in the City say Greek debt is a screaming buy.
Had Frau Merkel listened to Herr Schaeuble from the beginning, a lot of time and money would have been saved.
The growing sovereign debt crisis that started in Greece is just one of three potential "derailers" of the global economic recovery, Harry Samuel, global co-head of fixed income and currencies and head of global Treasury services at RBC Capital Markets, told CNBC Thursday.
Europe's current bailout plan for Greece "is not going to work" because "Greece is nearly insolvent," well-known economist Nouriel Roubini told CNBC Wednesday.
A lack of competitiveness, not credit default swaps (CDS), brought Greece to the brink of financial catastrophe, former Greek Finance Minister Yannos Papantoniou told CNBC.com Wednesday.
The market reaction to the debt crisis in Greece and the euro zone has spooked investors across the world and led to heavy selling of stocks. But is the crisis actually impacting real businesses, given Greece makes up only two percent of euro zone gross domestic product?
Germany's reticence to come to the rescue of the Greek government has been widely criticised across the euro zone.
Whispers of contagion are sending a chill through bond markets, while the euro is likely to fall further and things don't look pretty for stocks. Smart money is likely to go into gold.
The sovereign debt crisis will get worse and bond vigilantes could move on to even bigger economies like the United States and Japan when they are done sweeping through vulnerable European nations, according to economist Nouriel Roubini.
The man who is likely to succeed Jean-Claude Trichet as the President of the European Central Bank told CNBC that the Greek bailout will be implemented soon and dismissed the idea that the euro zone is at risk of falling apart.
There is no evidence of contagion from the Greek debt debacle to other markets, but the country's woes will help push the euro down, boosting exports for some countries in the single European currency area, David Bloom, global head of foreign exchange research at HSBC, told CNBC Monday.
The recent rally in stocks has lost momentum and investors should bail out now or face a summer of sharp declines, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC Monday.
The Greek debt bailout is similar to the subprime crisis in the US and likely will send global investors looking for safety, Pimco's Mohamed El-Erian told CNBC.
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.
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