Malaysia Airlines to cut 6,000 staff in overhaul. KUALA LUMPUR, Malaysia— Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters.» Read More
The Greek government's second bond auction of the year will be one of the key drivers of global markets over the coming days. While no date is yet set, Athens must raise significant funds via bond sales or face the prospect of default.
The global economy looks set to plunge back into recession as the sovereign debt pressure currently rocking Europe intensifies, Ashok Shah, CIO of London & Capital, told CNBC Wednesday.
The economies in the West are not actually recovering, Martin Hennecke, associate director at Tyche, told CNBC. He foresees high or even hyper inflation in the West and a potential crisis in the bonds market.
As investors across the world wait for the second Greek bond auction of the year, the rest of Europe is going out of its way to distance their own problems from those facing the government in Athens.
After a year and a half of corporate cost-cutting programs, which have scythed shareholder payouts, a growing number of companies are feeling confident enough to increase dividends and reinvigorate the income story.
Greece is taking responsibility for its own financial problems and it will tackle its public deficit without a bailout, Norwegian Prime Minister Jens Stoltenberg told CNBC Monday.
Stocks could continue to push higher until May, but after that there is a serious risk of a double dip, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC Monday.
The symptoms of poor economic outlook are all there. Mortgage lending has fallen again, net borrowing by businesses is dire, public finances are deteriorating faster than the government expected and retail sales are languishing in the doldrums.
Greece has replaced the head of its debt management agency, the Foreign Ministry said, just as the country finds itself in the spotlight for allegedly hiding the size of its debt problem.
Is it me or is there a high degree of hypocrisy in the way politicians and economists are reacting on a country-by-country basis to the dire fiscal positions of various European Union states?
Greece's debt swaps came to light because of the battle between big banks and regulators in the US, Gikas A. Hardouvelis, professor of finance at the University of Piraeus and chief economist at Eurobank EFG Group, told CNBC Thursday.
The price of gold looks set to push higher, as long as it holds above the $1,000-level, and could hit $1,400 per troy ounce over the next 12 months, Daniel Bruno, chartered market technician from FXboss.info, told CNBC Thursday.
Georgia suffered a double shock in the summer of 2008 as it entered a brief war with Russia just before the collapse of Lehman Brothers signaled the start of the global economic crisis. But the troubled country is now putting its tough times behind it, Georgian President Mikheil Saakashvili told CNBC Wednesday.
China's move to unload US debt is likely to continue in the long term while the "euro scare" may last a while, legendary investor Jim Rogers told CNBC.com Wednesday.
Greece's 2001 deal to swap some of its debt using currency derivatives was in line with what other euro-zone countries were doing, Yiannos Papantoniou, the country's finance and economy minister when the deal was made, told CNBC.com Wednesday.
The euro looks set to reverse some of its recent losses against the dollar and yen as investors scramble to cover bets that the currency will fall, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.
The EU should thoroughly investigate the case of the debt swaps involving Greece and Goldman Sachs, as these types of operations are destabilizing financial markets, economist Simon Johnson told CNBC.com.
Crisis meeting follows crisis meeting on resolving the debt debacle in Greece, but it seems solutions and even resolutions are hard to find.
To analyze the current turmoil in markets and with sovereign debt it may be best to turn to the famed entrepreneur and guru Willy Wonka (the Gene Wilder 1971 version).
European finance ministers are telling Greece to prepare for even tougher spending cuts and new taxes, including a tax on luxury goods and cars, to fix its debt crisis.
Get the best of CNBC in your inbox