TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...» Read More
The European Central Bank raised interest rates by 25 basis points to 1.50 percent on Thursday, as it continued to brush off concerns over sovereign debt worries in the euro zone periphery, but President Jean-Claude Trichet hinted that a further rise in August is unlikely.
European policymakers grappling with problems in Greece, Portugal, Ireland and Spain should follow the path set by the Uruguayan government a decade ago, dealmaker William Rhodes told CNBC Thursday.
European stocks were expected to open higher on Thursday after ending Wednesday lower as the Moody's downgrade of Portugal's sovereign credit rating to "junk" status renewed concerns over euro zone debt, ahead of interest rate decisions by the European Central Bank and the Bank of England.
The European Central Bank is expected to raise rates by 25 basis points on Thursday, as indicated in its June press conference, despite ongoing concerns over the euro zone's periphery.
The cost of insuring Portuguese debt against default hit a record high on Wednesday and yields on Portuguese bonds spiked after Moody's cut the country's credit rating to junk and warned it may need another bailout.
Ahead of large-scale protests planned for this Friday, Egyptian Prime Minister Essam Sharaf stressed that the government respects the right of citizens to demonstrate peacefully.
The situation facing European countries like Greece and Portugal is directly comparable to the economic crisis which hit Latin America in the late 1990s, Andy Brough, co-head of Schroders’ Pan European Small and Mid Cap team, told CNBC Wednesday.
European stocks were expected to edge higher on Wednesday after a mixed close on Tuesday and following the decision by credit rating agency Moody's to downgrade Portugal's credit rating to junk status.
Evangelos Venizelos, who was brought in as Finance Minister of Greece two weeks ago, said Greece's part in the euro zone was "not reversible" in a first on CNBC interview Tuesday.
Markets have overreacted to recent concerns on oversupply in soft commodities, and the fundamentals do not support the recent sell-off, Sudakshina Unnikrishnan, analyst at Barclays Capital, told CNBC on Tuesday.
Distressed corporate debt represents an excellent opportunity for investors as political and economic uncertainty rattles global bond markets and small and medium sized businesses struggle to raise capital, Jon Macintosh, manager at closed-ended investment company Acencia Debt Strategies told CNBC.
The current situation in the euro zone is "untenable" and policymakers will have to either pursue greater European economic integration or see countries exit the euro, George Magnus, Senior Economic Advisor, UBS told CNBC Tuesday.
Growth in the euro zone's dominant service sector slowed for a third straight month in June, and by more than an initial estimate, with sluggish new orders dimming the outlook, a survey showed on Tuesday.
European shares are expected to open flat to slightly lower on Tuesday as one-month high equity prices prompt investors to take profits ahead of the euro zone services PMI and retail sales data, which may offer some short-term direction to the market.
A Greek default is coming and the European authorities trying to avoid it will have to face up to it eventually, a leading economist told CNBC Monday.
The price of corn is the latest of a series of signals that remind investors about 2008, the year the financial crisis spread across the globe and Lehman Brothers collapsed, Simon Derrick, chief currency strategist at Bank of New York Mellon, wrote in a note Monday.
Europe needs to be prepared to help Greece more in future in order to fuel economic growth in the country, German Finance Minister Wolfgang Schaeuble told German magazine Spiegel in a interview when asked whether Greece needed a European Marshall Plan.
European stocks were expected to open higher on Monday after they hit a one-month closing high on Friday as better-than-expected manufacturing data for June raised hopes that the US recovery is still on track and euro zone finance ministers agreed to release the next tranche of aid to Greece.
Zero exposure to stocks is the best way to position a portfolio over the next few months as markets look set to remain volatile due to a "pretend and extend" strategy on Greece, Bruno Verstraete, CEO at Nautilus Invest told CNBC.
Sovereign default in developed economies could be "catastrophic" for investors, a report by BlackRock Investment Institute noted, as many traditionally have large holdings in government debt as a very low risk, relatively low return investment.
Get the best of CNBC in your inbox