European shares closed mixed on Friday, with Italian banking stocks and the health care sector weighing on wider benchmarks.» Read More
The crisis in Japan following the devastating earthquake and tsunami that killed thousands of people will not have an effect on the European Central Bank's interest rate policy, Manfred Schepers, vice-president finance and chief financial officer for the European Bank for Reconstruction and Development, told CNBC.
Greece will have to restructure its debt, but Spain is out of the woods, according to former European Central Bank Board Member Otmar Issing.
European stocks are set to open slightly lower on Wednesday ahead of a range of events taking place in the region, the largest of them being the UK Budget and the Portuguese parliament's vote on the government's latest austerity measures.
With Portugal’s main opposition Social Democrats (PSD) announcing they will vote Wednesday against a raft of new austerity measures proposed by Prime Minister Jose Socrates, analysts expect the country will have no choice but to seek a bailout from Europe.
High commodity prices have an impact on general price inflation in the United States but there are also price pressures from imported goods, particularly from China, Dallas Federal Reserve Bank President Richard Fisher told CNBC Tuesday.
A list of measures EU heads of state will likely sign off on later this week could very well entrench Germany’s strength at the heart of Europe and the weakness of those on the periphery. CNBC'c Patrick Allen comments.
European shares look set to open ever so slightly higher on Tuesday, following Asian stocks higher.
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Fears that the world economy is facing another downturn are being overplayed, despite the political upheaval caused by recent unrest in the Middle East and the earthquake and subsequent tsunami in Japan, Jim O'Neill, chairman of Goldman Sachs Asset Management, said.
Egypt's stock exchange will re-open Wednesday after being closed for more than seven weeks, a spokesman for the exchange said on Monday after the country's new Prime Minister accepted the resignation of the exchange's chairman.
Having analyzed the impact on the dollar of numerous wars and military interventions in the Middle East since 1973, Bank of New York Mellon is telling investors that the greenback should hold up well as the international community imposes a no-fly zone over Libya.
European stocks look set to start the week in positive territory, following Asian shares that rose as investors digested the ongoing Japan nuclear crisis and unrest in the Middle East and North Africa.
Defaults in euro zone sovereign debt and a major fall in US stocks and are unlikely before 2013, according to a research report by Smithers &Co.
European stocks are likely to open higher on Friday, as Group of Seven countries agree to joint intervention to stem the yen's gains.
European shares are set to open higher on Thursday even as the nuclear crisis in Japan worsened and yen surged to a record high against the dollar.
The world economy is still very fragile and the impact of the Japanese earthquake and the nuclear crisis is distressing, Stephen Roach, non-executive chairman at Morgan Stanley, Asia, told CNBC in an interview.
Manama's central financial district and the iconic Pearl Roundabout were quiet Wednesday night, despite earlier calls from opposition groups who said they planned to regain their presence there.
After two days of heavy selloffs instigated by the disasters in Japan, European shares look set open higher at the start of trading Wednesday.
The Bahrain military plans to secure the country's capital Tuesday night, clearing the Pearl Roundabout where protests have been held since mid-February, and securing government buildings, sources in the country told CNBC.
The market reactions to the tragic events in Japan over the last few days have been rational and investors will need convincing the nuclear crisis has been averted before any rally according to Bob Parker, a senior advisor to Credit Suisse in London.
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