NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said he would not raise interest rates significantly if he ran the Federal Reserve. Buffett spoke at an automotive industry conference in New York, along with the chairman of the Berkshire Hathaway automotive dealer group, Larry Van Tuyl.» Read More
With the clock ticking in Washington DC and Congress desperately trying to find an agreement on raising the debt ceiling, the greenback is heading towards levels last seen in the fall of 2008, when it reached its lowest point over the past 10 years.
European stocks were expected to open lower on Thursday, adding to losses from Wednesday's session which was dominated by fears over the US debt ceiling.
Bahrain might be the smallest petroleum producer in the Gulf but its strategic production and refining relationship with Saudi Arabia means that the hydrocarbon sector remains critical to the wider economy, according to oil minister, Dr. Abdul-Hussain bin Ali Mirza.
European stocks were indicated to open slightly lower on Wednesday as investors kept a close eye on attempts to get agreement on the US debt ceiling and ahead of a raft of corporate earnings.
The euro zone economy is recovering at a growth rate which is "above potential", albeit "not very strongly", European Central Bank Executive Board Member Lorenzo Bini Smaghi told CNBC on Tuesday.
Investors are unlikely to take up in sufficient numbers the voluntary swap scheme set up by the euro zone for Greek bonds because they will be tempted to sell at the higher prices found at the short-end, investment bank JPMorgan says.
The claim by the UK Office for National Statistics that the country's second quarter GDP growth could have been as high as 0.7 percent, were it not for 'special factors' like the royal wedding and the Japanese tsunami, has been described as "bizarre" by economist Ruth Lea.
European stocks were predicted to open slightly higher on Tuesday after closing down on Monday amid renewed concerns over the European debt crisis and political deadlock in Washington over the US debt ceiling.
Just days after European policymakers toasted a 109 billion euro ($156 billion) bailout aimed at hauling Greece back from the brink of insolvency, speculation some of its hapless bondholders might opt out of a crucial distressed debt exchange is gathering pace.
Ireland sold a 1.1 billion euro ($1.6 billion) stake in Bank of Ireland to a group of unidentified investors on Monday to keep the country's largest bank out of state hands and provide a rare boost to a battered sector and bruised economy.
As Saudi Arabia continues to grow rapidly, the dilemma of sufficiently meeting domestic and international crude oil demand becomes one that would lend credence to believers in higher prices down the line, experts and analysts told CNBC.
European stocks were expected to open sharply lower on Monday after they ended higher for the day and week on Friday following a successful conclusion to the euro zone debt deal on Thursday and better than expected earnings news.
The new rescue plan for Greece will not solve the long-term problems in the euro zone, analysts and investors told CNBC Friday.
European stocks were set to open higher on Friday, as euro zone leaders finally agreed on a fresh bailout for Greece and on enhanced powers for the monetary union's rescue fund.
The Central Bank of Turkey (CBT) has kept interest rates unchanged at a record low of 6.25 percent, in line with analyst expectations. It underscored that it may narrow the interest rate corridor gradually if global growth concerns and “sovereign debt problems regarding some European economies” dent risk appetite.
Jean-Claude Juncker, chairman of the group of euro-zone finance ministers, said that a selective default on Greek debt cannot be ruled out under a new bailout plan for the country, Dow Jones reported Thursday.
Market analysts forecasting the demise of the euro and the break-up of the European Union are doing so on fundamentally flawed assumptions about European integration, economists and policy experts told CNBC.com.
European shares are expected to open flat Thursday as investors remain cautious over the possibility that a resolution to the European sovereign debt crisis can be reached.
Politics has prevented a swift resolution to the Greek sovereign debt crisis that now threatens to engulf the monetary union, Myles Bradshaw, Senior Vice President and Portfolio Manager at PIMCO told CNBC.
The European markets were expected to open higher Wednesday as stocks bounced back ahead of an EU summit aimed at resolving the regional debt crisis.