WASHINGTON, Dec 18- The International Monetary Fund on Thursday said it could no longer release funds to Cyprus under its bailout this week, after the euro zone government suspended a foreclosure law that was required under the loan program. Cyprus needed an international bailout of 10 billion euros from the European Commission and the International...» Read More
Global stocks were mostly lower on Monday as investors continued to digest President Obama's bank restriction plans. Experts told CNBC they foresee risk aversion coming back into play this year and that the dollar is likely to gain this week against the euro.
The global economy faces a 40 percent chance of plunging back into recession within the next couple of years and growth will remain weak, Stephen Roach, chairman, Asia of Morgan Stanley, told CNBC Friday.
Interventions in the market will bring about unintended consequences, the author of the "Gloom, Boom & Doom Report" said. He also weighs in on the dollar, stocks and gold.
Global stocks dipped on Friday, with financials stocks getting hit after President Obama proposed sweeping restrictions on banks. Experts told CNBC how to invest while the global economy slowly recovers.
Defaults on sovereign debt are likely to proliferate in the next crisis, Marc Faber, guest host for "Squawk Box Europe" and author of the "Gloom, Boom & Doom Report" said.
The country's budget slashes pay in the public sector and is now being seen as the model that countries such as Greece need to mimic.
Ireland's government should be tougher on striking "overpaid" public workers if it wants to help the country get out of the economic recession, Ryanair CEO Michael O'Leary told CNBC Thursday.
Developed and emerging stock markets diverged on Thursday with the latter falling on worries China will take more measures to temper growth after reporting its fastest quarterly growth in two years.
Debt crisis! Public Spending out of Control! Bond Market Panic! Eurozone Collapse Fears! These headlines and many others of the same ilk are often used to describe situations akin to the present one facing the Greek economy.
Greece does not pose a systemic risk to the broader euro-zone area, according to ratings agency Fitch, which has twice downgraded Greek sovereign debt and still maintains a negative outlook on the country.
Investors should ditch gold for platinum as the industrial metal has the potential to rise 30 percent from current levels, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.
Global stocks were lower on Wednesday after reports of bank lending restrictions in China, while the euro hit a five-month low against the dollar as concerns about Greece's fiscal problems nagged investors.
Japanese stocks are the most undervalued in the world, according to fund managers surveyed by Bank of America Merrill Lynch.
The euro has been very good for Greece and the possibility of the country exiting the euro zone, as some analysts speculated recently, is "absurd," Greek Finance Minister George Papaconstantinou said Wednesday.
Greece needs to act on fraudulent reporting and political meddling of statistics to regain its credibility in the eyes of the European Union, Swedish Finance Minister Anders Borg told CNBC late Tuesday.
Greece is in dire need of a modern day Leonidas. The country is facing present day foes equal perhaps to Sirens, Minotaurs and snake-haired Gorgons all added together.
Global stocks were lower on Tuesday as investors waited for a wave of U.S. earnings reports to give them a feel of how well the micro side of the global economic recovery is faring.
The European Union finance ministers will try to pin down Greece on its strategy for reducing its huge deficit and plans to reform its statistics office.
Happy Monday! At least it is for the likes of James Cameron, Meryl Streep and Jeff Bridges who, among others, are savoring Golden Globe victory this morning. Not a sequel or remake in sight amongst the winners.
Crisis? What crisis? ….. That seems to be the message German Chancellor Angela Merkel wanted to send out after a top-level coalition meeting in Berlin last night.
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