COPENHAGEN, Denmark— Denmark's central bank has decided to cut its interest rate on certificates of deposit by 0.15 percentage points to -0.5 percent to keep the krone currency stable against the euro. Danmarks Nationalbank says Thursday that the rate reduction will take effect Friday and follows interventions it made in the currency market to keep the...» Read More
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The economic data in the US is heading south and investors are beginning to question whether the Federal Reserve will extend its asset-buying program beyond the end of the month.
The UK's care homes system is under the microscope as Southern Cross, its biggest care homes company, teeters on the brink of collapse.
Saudi Arabia needs an oil price that allows it to meet its long-term fiscal targets while not incentivizing investment in new sources of energy, according to HSBC researchers.
The foreign exchange market is running scared and there will be a fresh round of quantitative easing, David Bloom, global head of foreign exchange markets at HSBC told CNBC Wednesday.
China’s self-sufficiency in wheat, rice and corn could be reversed in dramatic fashion in the next few years offering investors a chance to make big returns, according to Richard Ferguson, the global head of agriculture at Renaissance Capital in London.
European stocks were expected to open sharply lower on Thursday after tumbling on Wednesday in response to US data showing a slowdown in manufacturing activity in May and a lower than expected increase in private sector jobs.
One fund manager calls it a horror show, others are predicting the Federal Reserve will have to extend its unconventional measures and stocks across the world are falling heavily.
Past voluntary debt reprofilings in Latin America have worked to varying degrees, but "soft" restructuring is not going to solve Greece's debt problems, according to Stuart Culverhouse, chief economist of frontier markets specialist Exotix
The high unemployment rate means the Fed's ultra-easy money policies remain the right course of action, top Federal Reserve officials said on Wednesday.
Privately, European officials and analysts have been complaining that the bulk of the main rating agencies – two out of three – are based in the US and not always objective when it comes to rating European countries. In Asia and Europe, officials are looking for solutions.
The state of emergency in Bahrain, a business hub scrambling to salvage its business-friendly brand, has now been lifted.
Buying defensives that make cash and hand money back to shareholders via buybacks and dividends is a popular strategy at the moment, as macro headwinds keep the bulls at bay.
The complexity of European politics should prevent any reprofiling of Greek debt this year, according to a political analyst, but markets are still waiting for any sign of a prospective default.
There’s been a lot of attention paid to more glamorous and expensive gold, but could silver prices be about to have a resurgence?
It seems certain the IMF will not pay its share of an aid tranche to Greece at end-June but the global lender is seen taking part in a new programme, a German newspaper reported on Wednesday without quoting any sources.
Confidence in the new plan to save Greece is misplaced according to Carl Weinberg, the chief economist at High Frequency Economics.
The strongest case for stocks is a lack of alternatives but investors should be prepared for setbacks and get into defensive shares like consumer staples and healthcare as global growth has peaked, according to Philipp E. Baertschi, the chief strategist at Sarasin in Zurich.
European shares were set to edge up on Wednesday, adding to gains in the previous session, and after a rally on Wall Street, though renewed worries about the US economy and caution ahead of employment data were expected to limit the upside.
As the race for a new bailout for Greece continues, one of the main bones of contention between opposition politicians and the Greek government is tax.
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