MOSCOW, May 6- Russian consumer price inflation edged down in April for the first month since July, official data showed on Wednesday, appearing to vindicate the central bank over its decision to cut its key interest rate last week. Over the next six months or so inflation should continue to drop back quite quickly to end the year at around 10 percent, "said Neil...» Read More
If the U.S. economic slowdown weren't enough to deal with, the Federal Reserve this week must consider a new threat: a resurgent European debt crisis that could imperil the global economy.
As the UK banking sector continues to resist pressure to open up lending to small- and medium-sized enterprises, start-up services for corporate borrowers are moving to fill the vacuum.
As the St Petersburg International Economic Forum wrapped up over the weekend, the business leaders and investors who flew into Russia to see President Medvedev outline his vision for attracting foreign investment into the resource-rich former super power were hopeful that reform is finally on the way, but sceptical that the Russian leadership will finally deliver on its promises to create a more business friendly environment.
European stocks were expected to open lower on Monday after news from euro zone finance ministers early Monday that a decision on fresh aid for Greece will be delayed until July and dependent on further austerity measures being passed by the Greek parliament.
Agricultural commodity prices should fall back from their current highs as fresh supplies come onto the market, the Organization of Economic Cooperation and Development said in a report on Friday. However, food prices will continue to put upwards pressure on inflation.
Saudi women are planning to take to the streets on Friday, not to push for democratic reforms, as has been a common theme in the Arab Spring, but for the right to drive.
Financial bookmakers expected to see the leading European benchmark indexes falling on Friday and recording a seventh straight weekly loss, on mounting concerns that Greece might not be able to avoid a default.
Following a disappointing bond auction in Madrid on Thursday, the firewall that markets thought existed between Greece, Portugal and Ireland and the much bigger and systemic economies of Spain and Italy is in danger of being shown to be an illusion, according to Mike Riddell, a fund manager at M&G in London.
Market volatility and uncertainty in the euro zone are limiting the options for the Swiss National Bank (SNB), which held rates at the historic low of 0.25 percent Thursday, Chairman Philipp Hildebrand told CNBC.
The UK consumer sector is “extremely challenging” but the Bank of England will probably be forced to raise interest rates later in the year, Adam Chester, chief economist at Lloyds Bank Corporate Markets told CNBC.
European stocks were expected to open lower on Thursday after falling sharply by Wednesday’s close, with sentiment hit by uncertainty over how Greek debt can be contained and weak manufacturing data from the US
The dollar will stay at around the $1.40 mark against the euro for some time as both currencies face downward pressure and the euro is resistant to bearish news, Dennis Gartman, hedge fund manager and author of The Gartman Letter, told CNBC Wednesday.
The Chinese government is engineering a softer landing for the world’s second-largest economy, a fund manager specializing in Asia told CNBC Wednesday.
The commodities bubble is not set to burst, and any easing off of copper prices will be temporary, Stephen Twyerould, CEO of Excelsior Mining told CNBC.
The UK Financial Services Authority has written to 260 wealth managers to warn them that it has identified "significant, widespread failings" within the industry's approach to managing client risk, as it opens regulatory action against 14 firms.
European stocks were expected to open slightly lower on Wednesday after ministers in the euro zone failed to reach an agreement late on Tuesday on how private bondholders would take part in a fresh bailout for Greece.
The “shadow” banking system in China is the biggest matter for concern for those thinking about investing in the country, Bhanu Baweja, head of research and emerging markets strategy at UBS, told CNBC Tuesday.
The U.S. economy continues to expand, but the BRIC countries — Brazil, Russia, India and China — are showing a moderation in economic activity.
With Europe embroiled in the sovereign debt crisis and the US economy not recovering as quickly or as strongly as hoped, investors have now turned their attention to a slowdown in Chinese economic activity.
1st paragraph of story should go here
Get the best of CNBC in your inbox