*Sanctions restrict Sberbank's access to EU capital markets. MOSCOW, Aug 1- Russia's top lender, Sberbank, faces rising borrowing costs and a squeeze on its margins after being included in the latest European Union sanctions over the Ukraine crisis.» Read More
The Bank of England is gloomy and the Swiss franc can't stop rising - it's your daily FX Fix.
CNBC's Ross Westgate has the details on the Bank of England cutting its growth forecast for 2011.
Areas of London that saw some of the worst rioting in decades over two nights were quiet overnight on Tuesday Peter Guest, staff writer at CNBC.com. ¿Hackney was like a ghost town there was a police presence but it wasn¿t particularly significant, he added, suggesting the violence had moved out of the capital to the UK¿s northern cities.
The German banking sector should be able to withstand stresses resulting from exposure to peripheral Europe, with the possible exception of Commerzbank, which has a high level of PIIGS exposure, according to Michael Rohr, head of financials at Silvia Quandt Research.
By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT.
Great Britain and other parts of the world are experiencing unrest at a time of global economic uncertainty and stock market volatility. Here's a look at what's happened recently around the world.
You could get motion sickness watching the U.S. markets these days. But the real sick man is Europe.
"This looks like what we have seen before. When we have a rout on global stockl marekst of this kind it points to a concerning picture. I think all of us are quite concerend," Peter Staarup, chief executive of Danske Bank told CNBC.
The Swiss franc and yen are flying high as investors bail out of riskier currencies — it's time for your Tuesday FX Fix.
Former IMF chief Dominique Strauss-Kahn sexually assaulted a housekeeper in a "violent and sadistic attack" in his hotel suite in Manhattan in May, a civil lawsuit filed on Monday alleges.
August is famously the month when most of Europe hits the beach. Markets are quiet, parliaments are closed, and very little happens.
The big question now is whether France will get smacked with a downgrade too, with CNBC's John Harwood.
During a period like this, with stocks plunging almost on a daily basis, it’s clear that fear and shock are ruling the roost. But fear can be overdone. As someone who has been around awhile and has seen many sell-offs, let me offer some advice: Do not panic. Market corrections come and go. They are not the end of the world. Most times they are actually healthy.
Discussing the choppy day in European markets despite intervention from the ECB, with Peter Westaway, Nomura chief European economist, and CNBC's Michelle Caruso-Cabrera.
CNBC's Michelle Caruso-Cabrera reports on the ECB buying Italian and Spanish bonds in an effort to reassure the markets, and a play on global currencies, with Andy Busch, BMO Capital Markets.
"The EFSF is not yet operational, so there was probably no alternative to the ECB stepping in and acting temporarily, but I hope it will be only a temporary action, and the ECB will eventually decide to step out," Dr. Wolf Klinz, Free Democratic Party member of the European Parliament, told CNBC.
One of the first things investors learn after “buy low and sell high” is that markets hate uncertainty.
The dollar deflates, the euro loses steam, and Moody's wants Japan to leave the yen alone - time for your FX Fix.
Silvio Berlusconi’s administration has lost sovereignty and its lack of credibility has hit Italy’s reputation abroad, according to former European Competition Commissioner Mario Monti.
Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession”.