*Several ministers call for arms embargo on Russia. BRUSSELS, July 22- The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine that could inflict wider damage on its economy following the downing of a Malaysian airliner, but it delayed action for a few days.» Read More
CNBC's Sylvia Wadhwa has the details on the European Central Bank ans Bank of England keeping key interest rates unchanged.
The CEO of Italy’s biggest bank told CNBC that despite that country's high debt levels, the country is rich enough to cover its national debt.
"The euro was a marriage but no one told us exactly what we'd actually end up in and what were the divorce proceedings," Tim Skeet, managing director at RBS told CNBC. "The answer is that no one's thought that through and I think we have to believe in this marriage," he added.
It was billed as one of the most important speeches of Silvio Berlusconi’s political career, amid a crisis that threatens to engulf Italy and the euro zone. Unfortunately when he stood in front of lawmakers, his pledges on boosting growth offered very few details and led to skepticism from analysts.
July's rate hike could well have been Jean-Claude Trichet's last as president of the European Central Bank, but markets will be watching for signals that the bank is preparing to take some role in future interventions in European markets, economists and analysts told CNBC.com.
If you're waiting for the European Central Bank to give the euro a lift, don't hold your breath, this strategist says.
CNBC's Carolin Schober and Michelle Caruso-Cabrera take a look at Italy's debt crisis fears as Silvio Berlusconi addresses the country's lower house.
For Angela Merkel there are few things which are as set as her summer holidays. She always leaves Berlin for two weeks with her invisible husband for a hiking holiday in the Tyrol Alps.
Events on Wednesday could prove crucial to attempts to again come to grips with the European debt crisis, after Italian borrowing costs hit a 14-year high on Tuesday.
Discussing Ireland's corporate tax rate advantage as well as its young, educated workforce, with Wilbur Ross, WL Ross chairman/CEO.
He has survived criminal charges and if you believe all the stories, bunga bunga parties, but could the latest debt crisis be the final nail in the coffin for Silvio Berlusconi's political career?
"Italy's problems are out of their hands and it's really the lack of credibility of the measures of the EU that were announced at the summit a week or so back that's at the heart of the problem," Peter Westaway, chief economist for Europe at Nomura told CNBC. "The key player here may actually be the European Central Bank. The ECB may need to come in and start buying bonds," he added.
The bear market is on its way back, economist and contrarian investor Marc Faber, the editor and publisher of The Gloom Boom & Doom Report told CNBC Tuesday.
Dealing with the European debt contagion and the problems faced by the banks, including Commerzbank and Unicredit Group, with Ron Insana, CNBC contributor, and David Doll, Sequent Asset Management.
The debt ceiling debacle and the latest Greek bailout deal are almost behind us, but euro and dollar investors still aren't happy.
With the U.S. debt ceiling crisis on the verge of being resolved, investor attention is returning to continued global economic weakness, particularly in Europe, Credit Suisse global strategist James Sweeney told CNBC Tuesday.
Eckhard Cordes, CEO Metro AG
The dollar will face months of weakness in the run up to the U.S elections next year, David Bloom, global head of foreign exchange strategy, HSBC told CNBC Tuesday
Progress on the Greek government's structural reform program has been "impressive" and could succeed in reducing the country's debt to GDP (gross domestic product) ratio to sustainable levels, the Organization for Economic Cooperation and Development (OECD) said Tuesday.
Amid signs that the European debt crisis -- which already has seen Greece, Ireland and Portugal seek aid from the European Union and International Monetary Fund -- is now spreading to Italy, analysts at Goldman Sachs are predicting that while painful, debt consolidation will succeed as soaring borrowing costs force governments to act.