*OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. Oil prices are down more than 25 percent since June on concern about a saturated global oil market and a gloomy economic...» Read More
If Greece believes the easiest way out of its financial crisis would be with the help of the International Monetary Fund instead of its European neighbors, it could be in for an unpleasant surprise.
Opinion polls suggest Angel Merkel’s coalition will lose control of the German Senate in regional elections on May 9. No wonder she wants to fire a populist shot at voters. But in refusing to underwrite a few billion euros of Greek debt the Chancellor is playing with fire.
I nvestors wanting to take part in the market's upside but also looking to protect against the downside risks should focus on three areas , Sani Hamid, director of wealth management at Financial Alliance, told CNBC.
The Dutch economic affairs minister has accused the U.S. government of being the most important hindrance to global trade talks, the so-called Doha round of negotiations which have dragged on for almost a decade.
Dusting off an old long-play record of the Rolling Stones or Beatles and harking back to the heyday of the 1960s and 70s is one thing. But Guy Monson, CIO & managing partner from Sarasin & Partners, has taken baby-boomer nostalgia to the next level and is looking to the bygone era for investment advice.
Sterling is undervalued against the euro. Just about every trading desk that I talk to seems to think so. However, very few of them tell me that they will be willing to back the pound until the general election is over.
Equity markets have switched from fear to outright complacency in the space of one year and are ignoring the warning signs, according to SquawkBox Europe's guest host, Phillippe Gijsels, head of research at BNP Paribas Fortis Global Markets.
When talking about recovery in the UK economy, most look to London, the financial capital, for signs that things are getting better. But Manchester, one of the country's second- or third-biggest cities, depending on who you believe, would like to think it has something to do with it. And the latest figures show that.
European Commission President Jose Manuel Barroso says the EU needs to agree as soon as possible on a mechanism to support Greece financially if needed.
The Bank of England is not expecting a double dip recession for the global economy despite some risk signals, policy maker Andrew Sentance told CNBC.
Public sector debt in the United Kingdom climbed above 60 percent of GDP in February as government agencies borrowed another 12.4 billion pounds ($19 billion), the Office for National Statistics said Thursday.
The markets have created their own gold standard because of uncertainties regarding other asset classes, Marc Faber, author of "The Gloom, Boom and Doom Report," told CNBC Thursday.
German Chancellor Angela Merkel says there needs to be a mechanism to expel countries from the eurozone if they persistently break its financial rules.
"The government has taken very decisive action in cutting capital spending and the salaries of public service workers ... We are in the right direction in terms of winning more foreign investment, says IDA CEO O'Leary.
The recent weakness of the euro against the dollar is set to change and the euro could rise to $1.45 in the next two weeks, Chris Zwermann from Zwermann Financial told CNBC Wednesday.
The euro is unlikely to still exist as a currency over the longer term, the pound will fall substantially in the next few years and US Treasurys and some real estate in China are the world's two current bubbles, legendary investor Jim Rogers told CNBC.com Wednesday.
London and New York share the top place in a ranking of financial centers around the world published Friday, followed by Hong Kong and Singapore.
Markets generally remain way too optimistic over the economic recovery, but the UK has the potential for the biggest disappointment with the pound set to slide as low as $1.31 by year end, Hans Redeker, global head of foreign exchange at BNP Paribas, said Tuesday.
Greece is likely to formally ask the European Union for financial aid if the cost of borrowing does not fall in coming weeks and, if it doesn't get it, may go to the International Monetary Fund, Greek government officials told Dow Jones Newswires.
Poor economic data in the US coupled with Europe's debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini said.