BRUSSELS— The stunning election in Greece of a radical anti-austerity party raises new uncertainties for the eurozone, but the initial impression is that a compromise deal over the country's debt can be forged to avert a chaotic exit from the euro. Financial markets took in their stride on Monday the victory of the left-wing Syriza party after several leaders...» Read More
"It is not unrealistic for China to backstop the euro zone crisis," said Mark Mobius, the executive chairman of Templeton Emerging Markets Group in an interview with CNBC on Tuesday from Monaco.
European stocks were expected to open higher on Tuesday after edging up by Monday’s close on fresh hopes that private bondholders could share the burden of Greek debt.
The Chinese economy reflects the ‘Vampire Economy’ of Germany under National Socialism, Sean Corrigan, chief investment strategist at Diapason Commodities Management told CNBC.
European stocks were expected to open lower on Monday after all the major indexes fell on Friday, amid lingering concerns over Greek debt ahead of parliamentary votes on fresh austerity measures due to take place on Wednesday and Thursday.
China's premier Wen Jiabao arrived in Hungary on Friday as part of a five-day tour of Europe that analysts expect will see the Chinese government attempt to reassure markets over its economic management and lend rhetorical support to Europe's economies.
German Chancellor Angela Merkel on Friday said she was optimistic that Greece would be able to push through a new package of austerity measures needed in return for further bailout funds.
The bulls will tell you that in the next two or three months the global economy will recover and sentiment will improve as a solution is found to the Greek debt crisis.
The International Energy Agency is ready to release more oil onto the market if necessary, Nobuo Tanaka, Executive Director of the agency, told CNBC in an interview Friday morning.
European stocks were expected to open sharply higher on Friday following news that Greece won the consent of the European Union and International Monetary Fund for a new five year austerity plan.
European leaders arriving for a summit in Brussels on Thursday reinforced calls for Greece to push ahead with austerity measures in return for further financial aid and called on the country to stand united as opposition to the measures grows.
Financial markets should brace themselves for a restructuring of Greek debt in September, Barry Eichengreen, Professor of Economics at the University of California, Berkeley said on Thursday.
A special military court in Bahrain yesterday convicted 21 - mostly Shiite - activists on charges of conspiring to overthrow the government during the unrest seen in the kingdom during February and March of this year. The court sentenced eight of these activists to life in prison and the others to terms of up to 15 years.
Greece is facing an exit by some of the most talented people in its workforce, as well as its broader economic problems, John Sfakianakis Group Chief Economist at Banque Saudi Al Fransi, told CNBC Thursday.
Investors are afraid of “Armageddon” in foreign exchange markets due to concerns beyond the Greek debt crisis and sluggish US growth, David Bloom global head of foreign exchange at HSBC told CNBC Thursday.
The UAE and Qatar markets are in focus as the highly anticipated MSCI decision on whether or not to upgrade these markets from ‘frontier’ to ‘emerging markets’ status was delayed until December of this year.
Saudi Arabia is expected to enforce a highly-anticipated new mortgage law that could offer valuable opportunities for banks and investors seeking the next growth story in the Kingdom.
With persistent uncertainty over the Greek government's policies and over the EU's ability to agree on a solution, the euro should be on shaky ground, according to some analysts.
European stocks were expected to open lower on Thursday after Federal Reserve Chairman Ben Bernanke revised the US growth forecast downwards.
As a two-day meeting of EU leaders gets underway in Brussels on Thursday, analysts expect the summit to provide temporary relief for financial markets with leaders present a united front and insisting they will continue to support Greece, but not much more.
The number and bank balances of the world's millionaires have rebounded to above pre-crisis levels, but demographic and geographical shifts are changing the face of global wealth, according to a report on high net worth individuals by CapGemini and Merrill Lynch, released Wednesday.
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