MOSCOW— Russia's finance ministry says the country's foreign currency reserves dropped by almost 10 percent in dollar terms in February after the government sought to fill a hole in the state budget, where revenues have suffered due to low oil prices. The fund, which is used to support Russia in time of low oil and gas prices and is held in dollars, euros and British...» Read More
The fall in commodity prices is a good thing for the fight against inflation and from the point of view of the recovery, European Central Bank President Jean-Claude Trichet told CNBC in an interview Friday.
An improving labor market will offset the impact of higher oil prices and underpin stocks according to Kevin Gardiner, the head of global investment strategy at Barclays Wealth in London.
European stock market futures pointed to a lower open on Friday as investors waited to see if other banks followed the example of Lloyds’ banking group as it set aside 3 billion pounds in impairment charges related to the mis-selling of payment protection insurance.
Part of the bet of investing in frontier markets is that they will eventually mature into emerging markets. And that may happen for a couple later this summer, analysts told CNBC.
Oil prices are likely to continue rising because the world's oil reserves are dwindling, but silver is likely to come down as it rose too fast, famous investor and commodities bull Jim Rogers told CNBC Thursday.
Major players, including George Soros, are reportedly pulling back from gold and silver has recorded yet another collapse.
The price action in silver since late January has been dramatic to say the least. The derivatives marketplace CME Group raising margin requirements has been seen by many as the reason for the 20 percent correction in prices since the precious metal hit a record over $49 an ounce on April 28th.
The European Central Bank decides on interest rates later Thursday, and while markets are looking for clues on what will happen next, more and more voices raise the possibility of debt restructuring in the euro zone.
European stocks were set for a slight rebound on Thursday after the previous session's sharp retreat but gains were expected to be limited.
The uncertainty surrounding the stability of European nations in wider geopolitical concerns are the main challenges identified by business leaders in a report, which surveyed 1,000 professionals to determine the key factors affecting business sentiment.
Data on the health of the US economy is sending investors mixed signals but investors should be more worried about the weakness of the consumer than the strength being shown by the manufacturing sector according to Kevin Logan, the chief US economist at HSBC.
The Co-CEO of bond giant PIMCO, Bill Gross, has warned investors that holding US Treasurys is an “abdication of responsibility” in his May note to investors.
A request for an extension to the repayment period on Greece’s bailout loan from the International Monetary Fund and the European Union could be a precursor to the full restructuring of the country’s debt, analysts say.
Talks to form a new government in Finland, due to start later this month, will add to tensions in the peripheral euro zone debt markets, Richard McGuire Senior Fixed Income Strategist at Rabobank said.
European stock market futures pointed to a mixed opening on Wednesday as earnings season got properly underway and Glencore was expected to publish the prospectus for its much anticipated joint flotation on the London and Hong Kong Stock Exchanges.
Ireland’s new prime minister Enda Kenny has thanked both German Chancellor Angela Merkel and European Central Bank President Jean-Claude Trichet for their backing of the Irish people through the recent financial crisis.
The world’s central banks are all considering whether it is time to end the ultra-loose monetary policies that have helped the global economy recover from the financial crisis but one strategist believes the tighter monetary policy can only lead to recession, and a severe recession at that.
China’s willingness to fund the US current account deficit in return for a market for its goods has been one of the defining economic relationships of our time but one analyst believes the monetary stand-off is approaching end game.
Gold has been a major beneficiary of ultra-loose monetary policy over the last three-four years but with quantitative easing coming to an end, will the precious metal begin to loose its shine?
Oil prices are heading back towards the $80 - $100 a barrel sweet spot which will boost oil stocks and take pressure off the global economy, according to Jens Zimmermann, a senior equity analyst at ABN AMRO Private Banking in Zurich.