MOSCOW, Aug 1- Officials from Russia, Ukraine and the European Union will discuss gas supplies on Sept. 12, the Interfax news agency quoted Russia's EU envoy, Vladimir Chizhov, as saying on Friday, but EU authorities said they knew nothing about the meeting.» Read More
Even as France and Germany were proposing new euro zone reforms, Finland was inking its own deal with Greece. Now others want in.
Ray Dalio "correctly points out that the Europeans did not use the short ban to raise, they didn't do anything [Timothy] Geithner did," Jim Cramer said. "So we have these banks, you don't really know what they own because there's absolutely very little clarity, and they don't have enough capital."
Consumers drive the American economy. However, as of late, they feel less like drivers and more like passengers on a runaway train. As the train barrels dangerously down the tracks, here are the five questions U.S. consumers should consider.
European banks are the focus of today's sell-off. Insight on whether this will be a repeat of the 2008 financial crisis, with Christopher Wheeler, Mediobanca bank analyst.
CNBC's David Faber and Mad Money host Jim Cramer discuss Ray Dalio.
CNBC's David Faber reports on Europe's financial problems and why it is a crisis.
The debate over whether a tax should be imposed on financial transactions continued Thursday morning as markets around Europe sank again.
"I could see a special formation known as a V formation a V shaped recovery and that means a step drop and a fast recovery and this formation started at 6,000 on the SMI and would end up at 6000. We¿re at 5,330 and the formation is still good as long as we don¿t break to the down side then the formation is not valid anymore," Daniel Stillhart, portfolio manager and technical analyst, LB Swiss, Frankfurter Bankgesellschaft Zurich told CNBC.
"There are lots of arguments against any tax, as we know. On the other hand, even a free marketer like me worries transacting has become so costless, so instant that it has become destabilising," Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC.
Paul Gruenwald, Chief Economist, Asia Pacific at ANZ talks about the euro zone debt crisis.
The Merkel-Sarkozy proposed fix for Europe is a "step in the right direction," but a "revival" of the transaction tax could drive customers from Europe to banks in emerging markets and the U.S., Deutsche Bank CEO Josef Ackermann warned.
Investors were hoping for more than they got from the meeting between Frances's Nicolas Sarkozy and Germany's Angela Merkel. Here's what to do now.
"Short term what we have done is to suggest to cover all short positions and get ready for a potential bounce in the market because of the incredible oversold conditions," Riccardo Ronco, technical analyst at Aviate Global. "But the parallels between 2007 and 2008 are absolutely compelling for me," he added.
CNBC's Michelle Caruso-Cabrera with an update on European banks and markets after yesterday's summit.
"We have talked about this before and we could be talking about it [a Tobin tax] for years to come. We don't know if this is going to gain momentum but if it does the presumably the Swiss will have to follow suit," Jane Foley, senior currency strategist at Rabobank told CNBC. "The UK would almost certainly follow but this is early days," she added.
Singapore dollars get snapped up and European officials underwhelm - it's time for your FX Fix.
Financial stocks are under pressure this morning on worries of a transaction tax.. A check on European market action and where the euro is headed, with CNBC's Julia Chatterley.
Despite what happens in the eurozone, the euro still traded up. CNBC's Louisa Bojesen reports on the latest market activities overseas.
As stock markets in Europe faltered Wednesday after Tuesday's meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to reassure, some investors told CNBC that they are starting to become bullish after recent market falls.
"I think the markets will test the resolve of the Euro zone politicians. It is a game of cat and mouse, and unless the markets push the politicians, they do not do anything. I think we are going to enter our third wave of selling," Chris Watling, chief executive at Longview Economics, told CNBC.