MISRATA, Libya, Jan 29- A power struggle between two rival governments that threatens to tear Libya apart has started to take its toll on Misrata, an important shipping and industrial hub that had shrugged off the turmoil until now. Oil production has collapsed to a fifth of what Libya used to pump before the NATO- backed uprising, while wheat imports and other...» Read More
European stocks are expected to open higher despite a negative session in Asia anb following another volatile trading session for commodities on Thursday.
Volatility is here to stay, the boss of French investment bank Natixis has told CNBC in an exclusive interview on Thursday.
The debt crisis facing the developed world is big and will take a generation to resolve, Angel Gurria, Secretary General of the OECD, told CNBC Thursday.
Wednesday’s dramatic price action in the commodities market sparked a debate over whether the losses were driven by fundamentals or traders getting into trouble as CME Group implemented margin calls in the gasoline market, as it had done a week earlier with silver.
Europe’s recovery is on track, but reform of the financial services sector and strong policy action to improve the fiscal health of EU member states is needed in order to prevent future crises, the International Monetary Fund has said.
Big oil traders who bet on a rise in gasoline prices relative to heating oil ahead of the summer driving season may have thought they broke the curse of a "widowmaker" trade even as oil prices crashed.
European stocks were indicated to open lower as a fresh selloff in commodities hit stocks in the US and Asia.
Positive data from the United States on jobs and corporate earnings are very good news for Wall Street, according to Mike Lenhoff, the chief strategist at Brewin Dolphin in London
Veteran investor Jim Rogers said on Wednesday he plans to short US bonds and sees more currency turmoil in the markets this fall.
In Ireland the Irish Times columnist Morgan Kelly has caused a stir by suggesting that his country needs to break free of the terms of its bailout from the European Union and the International Monetary Fund if it is to thrive as a nation.
Following a dramatic couple of weeks for those holding gold, HSBC has told clients the precious metal is ‘bound to rebound’ and that they could use the losses as a buying opportunity.
European shares were indicated to open higher, after overnight gains on Wall Street and in Asia and despite persistent comments that Greece will need fresh money from the European Union.
Italy is next in line to seek a bailout from the European Union and the International Monetary Fund as a 'slow-motion banking crisis' unfolds in the country, Felix Zulauf, President of Zulauf Asset Management said.
The plan to deal with the euro zone debt crisis and avoid restructuring before 2013 is failing, Willem H. Buiter, Chief Economist at Citi Investment Research and Analysis said on Tuesday.
Europe should help countries that are in trouble but these countries need to show that they are tackling their deficit problems themselves, like Britain has done, UK Chancellor of the Exchequer George Osborne told CNBC in an interview Tuesday.
Greece on Tuesday denied a Dow Jones report that it expects a new aid package of nearly 60 billion euros ($85.71 billion) to deal with its debt crisis.
European stock market futures pointed to a slightly higher open after Wall Street closed Monday slightly up on the back of commodity related news and China posted its highest trade surplus in four months in April.
Last week spelt the end of the inflation story and this is a reason to be bullish. That is the view of UK-based Michael Browne, a fund manager at Martin Currie.
Egyptian stocks rebounded on Monday after deadly sectarian clashes in Cairo shook investors still uncertain about the recovery in the country’s security situation.
Speculation over the weekend that Greece could leave the euro zone was “utterly unrealistic" and would be a “catastrophe” for the country and for the wider European Union, Yiannos Papantoniou, former Greek finance minister and president of the Centre for Progressive Policy Studies told CNBC on Monday.
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