Suspended from trading for another day, Banco Espirito Santo rushes to quell any concerns regarding its financial stability.» Read More
Investors should ditch gold for platinum as the industrial metal has the potential to rise 30 percent from current levels, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.
Global stocks were lower on Wednesday after reports of bank lending restrictions in China, while the euro hit a five-month low against the dollar as concerns about Greece's fiscal problems nagged investors.
Japanese stocks are the most undervalued in the world, according to fund managers surveyed by Bank of America Merrill Lynch.
The euro has been very good for Greece and the possibility of the country exiting the euro zone, as some analysts speculated recently, is "absurd," Greek Finance Minister George Papaconstantinou said Wednesday.
Greece needs to act on fraudulent reporting and political meddling of statistics to regain its credibility in the eyes of the European Union, Swedish Finance Minister Anders Borg told CNBC late Tuesday.
Greece is in dire need of a modern day Leonidas. The country is facing present day foes equal perhaps to Sirens, Minotaurs and snake-haired Gorgons all added together.
Global stocks were lower on Tuesday as investors waited for a wave of U.S. earnings reports to give them a feel of how well the micro side of the global economic recovery is faring.
The European Union finance ministers will try to pin down Greece on its strategy for reducing its huge deficit and plans to reform its statistics office.
Happy Monday! At least it is for the likes of James Cameron, Meryl Streep and Jeff Bridges who, among others, are savoring Golden Globe victory this morning. Not a sequel or remake in sight amongst the winners.
Crisis? What crisis? ….. That seems to be the message German Chancellor Angela Merkel wanted to send out after a top-level coalition meeting in Berlin last night.
Global stocks were firmer on Monday as metal prices rose on strong Chinese demand hopes. But crude prices were weak as renewed concerns about energy demand prompted investors to sell down their positions.
Icelandic pleas for further aid met with a cool response on Thursday as the IMF suggested its hands may be tied by an Anglo-Dutch debt impasse and Sweden signaled no immediate funds were on the way.
Whereas the global regulatory and political powers-that-be made a good job of feigning coordination in their collective panic-button-pushing stimulus at the height of the financial crisis, it seems that it’s everyone for themselves in the scramble to punish the perceived perpetrators.
The financial crisis is likely to lead to food shortages in a few years because the agriculture sector is in dire need of funds, legendary investor Jim Rogers told CNBC Friday.
The Russian stock market is the cheapest major market in the world and will be driven higher by disinflation, as long as oil stays above $60 a barrel, Kingsmill Bond, chief strategist at Troika Dialog, told CNBC Thursday.
There was a time when change was all the rage. This was a time when the world was sick of debt, sick of ineffectual politicians, sick of useless financial products that benefited no one and sick of bankers who paid themselves like star quarterbacks.
Global stocks rose on Thursday as investors moved past concerns about weakening demand from China and increased their exposure to risk in bets on a global upturn. Experts told CNBC that although volatility will persist, markets will trend up this year and advised investors to buy on the dips.
The euro will become the world's favorite reserve currency because Europe has a better growth strategy than the US, David Roche, global strategist at Independent Strategy told CNBC.
The bulls' time has run out as investors start to realize the global economy has a structural problem after bad news such as Societe Generale's profit warning and Friday's US jobs data, David Bloom, head of foreign exchange strategy at HSBC, told CNBC Wednesday.
Who are the people we love to hate? Yes, of course real estate agents, parking wardens, any Government of the day and journalists all get repeat votes in the professional ugly contest. These days, though, it’s a no-brainer who tops the list: Dastardly Bankers!
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