TOKYO, March 5- Loss-making Japanese electronics firm Sharp Corp meets its main banks on Thursday in an effort to secure its second major bailout since 2012, betting they will have little choice but to pay up despite their call for more drastic overhauls. Sharp Chief Executive Kozo Takahashi will meet officials from Mizuho Bank and Bank of Tokyo-Mitsubishi...» Read More
The current liquidity support measures being used by the European Union to stem the region's banking and sovereign debt crisis won't be enough, World Bank President Robert Zoellick told CNBC in an interview on Tuesday.
If Italian Prime Minister Silvio Berlusconi left office, the market would lay off Italy, according to Nouriel Roubini, the founder of Roubini Global Economics.
European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.
Friday’s disappointing US non-farm payrolls data showed no jobs where created in the US in August sending stocks sharply lower as fears over a recession intensified.
Piling on more debt to help kick start growth will simply “stunt growth” and threaten economic welfare according to German Finance Minister Wolfgang Schäuble.
Gold prices may reach $6,200 per ounce in a bull run which will “end all major bull markets,” Urs Gmuer, asset manager at Dolefin, a Swiss investment advice firm, told CNBC.
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European stocks are expected to fall at the open with the DAX, FTSE and CAC all called lower by more than 1 percent by spread betters.
Without "major surgery" on companies' annual reports, investors' trust will continue to diminish, impacting on growth, James Roberts, a partner at accountancy firm BDO, said as his firm released new research showing reports remain a crucial influence when it comes to investment decisions.
Greater fiscal and political union is needed in Europe, and will be discussed by euro zone leaders within months, Joaquin Almunia, EU Competition Commissioner, told CNBC Saturday.
The Swiss central bank has started to buy French and German government debt from the markets to try to bring the Swiss franc down, Dow Jones newswire wrote on Saturday, quoting a report by German newspaper Frankfurter Allgemeine Zeitung.
Japan's earthquake and tsunami triggered a “change in people’s relation with energy,” Toshiba CEO Masaaki Osumi told delegates at the IFA technology fair on Friday.
The site of the Villa d’Este on the shores of Lake Como has been the home of medieval nuns, Jesuit priests, and Caroline of Brunswick, the scandalous Princess of Wales.
In Greece, "further economic weakness expected this year, partly driven by the global slowdown, can only make things worse also on the fiscal front," according to economists at Credit Suisse in London.
The world’s developed economies are trapped at the “stall speed” of low growth and need to have greater fiscal stimulus and less austerity to kick-start growth, leading economist Nouriel Roubini told CNBC Friday.
European shares were called sharply lower at the open on Friday following a late sell-off on Wall Street and losses for stocks in Asia overnight.
With consumers increasingly turning to the web for entertainment, televisions which allow users to download shows off the Internet will be vying for attention at the IFA technology fair in Berlin this week as technology companies make a push into a potentially huge market.
Calls for protectionism make no sense in today's global economy and globalization was not responsible for the economic downturn, despite some claims to the contrary by politicians, Pascal Lamy, Director General of the World Trade Organization told CNBC.
European stocks were indicated to open mixed on Thursday, after seeing their worst monthly close since October 2008 on Wednesday.
Inflation in the 17 euro countries remained steady at 2.5 percent in August, adding to expectations the European Central Bank will hold off from raising interest rates — and may even consider cutting them — as economic growth slows.