ASTANA, Kazakhstan— Preliminary results of weekend nationwide polls in Kazakhstan show the long-ruling president confirming his incumbency with 97.7 percent of the vote amid a record turnout, election officials said Monday. Kazakhstan is facing a slowdown in economic growth amid falling oil prices and recession in neighboring Russia.» Read More
European shares are seen opening flat to higher Wednesday as the markets await the results of the European Central Bank’s latest Long Term Financing Operation (LTRO)—an injection of capital designed to shore up Europe’s banks.
European shares are seen opening slightly higher Tuesday as investors remain cautiously optimistic despite the risk of rising oil prices.
Issuing statements which criticize Greek efforts to resolve its debt crisis could “destroy” the latest bailout deal for the embattled Mediterranean country, a key member of the Greek government told CNBC Monday.
European stocks were expected to open lower on Monday, tracking overnight losses in Asia where shares fell on concerns over high oil prices which have raised concerns about global growth.
European Central Bank council member Erkki Liikanen told CNBC in an interview that there never was a floor under the ECB's record low 1 percent interest rate.
European shares were called higher Friday on the back of gains in the Asian markets overnight, boosted by positive data from the U.S. for both the labor and housing markets.
European shares are seen opening slightly lower Thursday as worries about stagnating euro zone growth stoked fears of another recession. Rising oil prices added to concerns over global growth, with analysts fearing they could disrupt a fragile economic recovery.
Fitch ratings agency on Wednesday slashed its rating for Greek sovereign debt to “C” from “CCC,” indicating that default is “highly likely in the near term.”
One week into his re-election campaign, French President Nicolas Sarkozy has already courted plenty of controversy.
The second Greek bailout deal was finally clinched in the early hours of Tuesday morning, but market reaction has been decidedly mixed so far.
Greece's purported deal with its creditors will only last until a new government takes over following the spring elections, hedge fund manager Dennis Gartman said Tuesday.
The agreement by private sector holders of Greek government debt to take losses of 53.5 percent as part of the 130 billion euros ($172 billion) second bailout will actually see real losses of more than 70 percent, Charles Dallara, managing director of the Institute of International Finance told CNBC.
HSBC Economist Stephen King says the growing likelihood of further quantitative easing (QE) in the U.S., contrasting with real efforts to slash budget deficits in Europe, suggests the single currency will come out stronger in the medium term.
European shares were called to open lower Tuesday despite Greece securing its crucial second bailout of 130 billion euros ($172 billion) helping it to avert a disorderly default.
Significant oversupply in the shipping market has contributed to the Baltic Dry Index (BDI) falling by 71.87 percent over the last two years, but one expert told CNBC he believes market conditions will improve in the next few years.
Investors turning to the still-expanding BRIC economies of Brazil, Russia, India and China should be aware that these countries remain exposed to risks – including internal conflict and the impact of climate change – which could undermine their potential for attractive returns, a new report by global analysts Maplecroft warned on Monday.
Greece’s second bailout deal is expected to finally be sealed later Monday at a meeting of the Eurogroup of euro zone finance ministers, but the troubles of the heavily indebted Mediterranean country will stay on the markets' agenda, analysts believe.
European shares were called higher Monday on the back of hopes that Greece will secure its second bailout when euro zone finance ministers meet later on Monday.
Investors should switch to a more risk-neutral position on the euro as the recent rally in risk assets has made currency crosses that are not risk-adverse less attractive and they may come under further pressure, Jens Nordvig, global head of G10 foreign exchange strategy at Nomura, told CNBC.
European finance ministers are set to decide by Monday whether to give a new loans to Greece. But if you want to improve Greece’s debt-to-GDP ratio, don’t give them any more debt.