NEW YORK, April 23- A U.S. appeals court has revived a European Union lawsuit accusing R.J. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge erred in finding that a U.S. anti-racketeering law known as RICO did not cover foreign conduct, barring claims by France, Germany, Italy and 23 other European countries.» Read More
The European Central Bank looks set to keep its benchmark interest rate stable at 1.25 percent at its June 9 meeting, analysts told CNBC.com. Policymakers will remain "strongly vigilant" on inflation and global growth concerns, meaning that a rate rise in July looks likely.
A recovery in the US housing market and growth for the US economy are key to the global economic recovery, along with growth in China and further funding for Greece, Gary Baker, head of European equity strategy at BofA Merrill Lynch told CNBC.
What is one to make of recent economic data, particularly in the advanced countries? Is the world economy slowing? If so, should policy do anything about it and, if so, what might the alternatives be? The FT reports.
Talk about a possible default by Greece has caused some concern for SAP in Central and Eastern Europe but it is not changing the company's plans, Manfred Joseph, managing director at SAP CEE, told CNBC.com.
The dollar is dragging again, and the real is returning to earth. Here's your Tuesday FX fix.
The long term price of gold could come under pressure from a rallying dollar as the risk from the sovereign debt crisis subsides, Barclays Capital analysts said on Tuesday.
A new government is in place in Portugal, tasked with tackling the problems facing one of the sick men of Europe. Unfortunately, new faces in government do not in any way change the problems being faced by a country, according to one analyst.
Soft restructuring is only a temporary measure, and a German-led plan to convince private investors to voluntarily extend maturities on Greek debt will not prevent a default, analysts told CNBC.com.
Despite weak economic data a double dip recession is unlikely and investors should favor stocks over bonds, according to Chris Watling, the CEO of Longview Economics in London.
German banks, Spanish farmers, Greek debt - what should Germany finance next? Answer: None of the above. End of discourse, writes CNBC's Silvia Wadhwa.
As euro zone politicians scramble to bring Greek public finances back under control, the question of how much the European Central Bank will lose if they fail to avert a default has taken on greater importance, reported the FT.
CNBC's Mary Thompson has the update on Dominique Strauss-Kahn's plead of not guilty on sexual assault charges.
The dollar is down again, the euro is twitching, and an election in Peru is casting a shadow — time for your Monday FX Fix.
The UK government will send a warning to unions Monday that it is prepared to change the law should it deem it necessary to avoid the threat of coordinated strikes.
Investors do no see the Euro currency continuing to strengthen and the jobs data is also a big concern on the markets, with Scott Shellady, Manager of Agricultural Products, XFA Futures and Antony Chan, JPMorgan provate wealth.
The latest on Portugal's new government facing a daunting task of austerity with CNBC's Geoff Cutmore.
Commodities will weaken in the short term as the Chinese economy starts to slow, but prices could once again move higher from this fall boosted by power constraints in China, Jim Lennon, head of commodities research at Macquarie Bank told CNBC on Monday.
Europe has not yet had its financial crisis while America is still recovering from its crisis in 2008 according to Jim McCaughan, the CEO of Principal Global Investors.
Having failed to secure a majority in Sunday’s election, the new conservative-led coalition will face a daunting task as it attempts to turn around its country’s ailing finances, according to Barclays Capital.
Whether we like it or not, whether we're the German or French tax payer who has to foot the bill or the Greek, Spanish or Irish citizen who feels the pain of austerity in his or her respective purse – there is no choice!