RIO DE JANEIRO, May 22- Brazil will unveil a spending freeze of 70 billion reais on Friday, a government official told Reuters, limiting outlays to convince investors that President Dilma Rousseff is committed to saving the nation's investment-grade rating. Still, most analysts believe it won't be enough to meet Brazil's fiscal surplus goal of 1.2 percent of...» Read More
European stocks were called higher on Friday, after better than expected US jobless claims figures on Thursday suggested the recovery in the world’s largest economy was beginning to gather pace.
European stocks were called higher on Thursday, despite doubts over how much of the money banks raised from an inaugural long term European Central Bank (ECB) tender will actually flow into struggling euro zone economies and restore confidence.
European stocks were called to open higher on Wednesday tracking Asia where shares and the euro rose overnight following positive economic data out of the US and Germany.
Famous economist Nouriel Roubini, credited for predicting the financial crisis, made a plea to policymakers to take the tough action needed to address current economic problems, in an article published on the Financial Times' website.
A break-up of the euro would be “absurd” and “unthinkable,” Vítor Constâncio, Vice-President of the European Central Bank (ECB), told CNBC Tuesday.
European stocks were called lower on Tuesday as Asian shares and the euro steadied overnight after a sell-off on news of North Korean leader Kim Jong il's death.
The market had its sights trained on Italy and Greece for much of 2011 as the Mediterranean economies struggled on the euro zone’s largest debt-to-gross domestic product ratios – and this is unlikely to change in 2012, according to analysts.
European stocks were called to open lower on Monday tracking overnight trade in Asia where stocks were hit by fears of possible ratings downgrades in Europe and the death of North Korean leader Kim Jong il.
The Federal Reserve will keep interest rates low for "three, four, or five years," which is why Pimco is jumping into mortgage-backed securities in a big way, Bill Gross told CNBC Europe Friday.
An extended bank holiday in the European Union to halt a steep market fall, a third party candidate winning the race for the White House, and 50 European banks being nationalized are just a few of Saxo Bank's "outrageous predictions" for 2012.
European stocks were called slightly higher on Friday tracking Asia overnight where shares and the euro climbed as investors were calmed by better-than-expected economic data from the US.
European stocks were called to open lower on Thursday following large declines in Asia and Wall Street and downgrades of five major European banks by credit rating agency Fitch.
The creation of a euro bond has been mooted as one of the ways to help bolster the euro zone, but could actually destroy the single currency, Otmar Issing, former Chief Economist at the European Central Bank, told CNBC Wednesday.
Although unemployment was steady at 8.3 percent in the Organization for Economic Cooperation and Development area, youth unemployment, at 17.2 percent, is high and likely to go higher, Stefano Scarpetta, deputy director for Employment, Labor and Social Affairs at the OECD, told CNBC.com.
European stocks were called to open lower on Wednesday after the Federal Reserve offered no new stimulus measures at its final meeting of the year and doubts over the euro zone persist.
With the world's eyes on Europe-wide solutions and summits in recent weeks, it can seem as though there is little that individual euro zone countries can do at the national level to solve their debt, growth and competitiveness problems.
Russian stocks and the rouble held above their two-week lows, but analysts said that, at least until Dec. 24, investors would be better off staying away from Russia.
European stocks were called to open flat to slightly higher on Tuesday after disappointing overnight trade in Asia, where stocks fell and the euro hit close to two-month lows amid fears that the euro zone might not avoid mass credit downgrades.
Latvia's largest bank is scrambling to contain a run among depositors gripped by fears of the bank's imminent collapse.
European stocks were called to open higher on Monday after markets were buoyed in Asia overnight and Wall Street on Friday by an agreement reached by European leaders for greater fiscal unity within the euro zone.
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