BERLIN— A senior European Union official says he opposes cutting back gas ties with Russia in the next few years but the bloc should work on diversifying supplies. Russia is a major European gas supplier, and mounting tensions over Ukraine have raised concerns about possible disruption.» Read More
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.
A new bet has been placed on the the Greek debt crisis. It backs a growing view among investors that Athens may be about to suffer a messy default that could spark a run on the country’s banks and a deeper eurozone crisis, the FT reported.
The Greek debt crisis fanned a broad sell off Wednesday and it will no doubt keep markets on edge Thursday.
"The easiest trade is to sell Euros," says Andrew Busch, BMO Capital Markets.
Gold is almost like another currency these days, and this strategist thinks it has room to run against the euro.
As Europe struggles to find a fix for Greece—and Greek citizens take to the streets—traders worry that a Greek default might be like the failure of Lehman or worse. Are they right?
On Friday’s Money In Motion, I had two trades that I liked for this week. Here's what to do with them now.
Default fears persist, Swiss economic outlook lists, Chilean peso lifts. Time for your FX Fix.
Euro zone finance ministers are meeting on the debt crisis - again. But this strategist isn't expecting much.
Ireland's 12.5 percent corporate tax rate is "not negotiable," Finance Minister Michael Noonan told CNBC Tuesday. That's despite costing the nation in higher interest payments under the bailout agreement with the International Monetary Fund and the European Union.
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As European headlines focused their attention on Greece, Spanish debt yields rose steadily in the last few weeks, with the spread versus the German bund now standing at around 250 basis points.
With the Swiss Franc sitting at a record high against the euro one analyst told CNBC.com that it could be time to bet against the safe haven currency.
Stanley Fischer's candidacy for managing director of the International Monetary Fund was dismissed on grounds of age Monday, as the 67 year old is two years above the threshold of 65 demanded for the job.
The bickering continues in Europe as a critical deadline looms for Greece — but you wouldn't know it from watching the euro against the dollar.
The aviation industry is in recovery mode, but a lot depends on whether positive forecasts for 2011 and 2012 pan out. The Paris Air Show in late June will shed some light on that.
In the race to become head of the International Monetary Fund, nationality is one of many factors that can help or hinder individuals, but few candidacies have the potential to be as charged as that of the Bank of Israel chief, Stanley Fischer.
As Germany and the European Central Bank battle over what to do next on Greek debt restructuring, or lack of it, one economist is predicting the answer could be scrip money, and lots more trouble ahead.
The role of consumer inflation expectations has become overplayed in the politicized environment that central banks are now operating in, and to be effective, institutions like the European Central Bank may need to be less fixated on their public credibility, Paul Donovan, economist at UBS, told CNBC.com.
In order for a deal on Greece to be agreed, Germany dropped its demand for restructuring of Greek debt and some pain for private bond holders.