CNBC's Simon Hobbs reports European equity markets have rallied on the U.S. jobs data report. Also a London flood has caused the evacuation of thousands of people from the Southeast coast.» Read More
Governments that bolstered their countries’ ailing institutions impacted by the financial crisis need to step back and give the private sector a chance to innovate and rebuild, former UK Prime Minister Tony Blair told CNBC Tuesday.
The one thing they won’t tell me, or more accurately can't tell me is the one thing I came to Dublin to find out: just how big is the Irish banking black hole?
It is a big week for Ireland following news that the European Commission wants Anglo Irish, the nationalized lender, wound down and with conflicting reports regarding the bank's future emerging.
How much longer will Germany want or need to be a member of the euro zone is a question that's been increasingly asked since the start of this financial crisis.
Congress and the White House may throw a curveball and roll out a tax cut ahead of the midterm elections rather than boost stimulus spending, Harvard's Niall Ferguson told CNBC.
A stronger yen is good news for German machinery and auto companies whose main competitors often are based in Japan. The New York Times reports.
Prudent fiscal policy will help foster confidence within the euro zone, European Central Bank President Jean-Claude Trichet told CNBC.
Leading UK and continental European companies are increasingly shunning banks from Spain, Italy and even Germany because they do not believe the Europe-wide stress testing of banks gave a true picture of their financial health. The FT reports.
September and October hold bad news for stock markets and banks remain overleveraged as we head into the second leg of the financial crisis, says Pedro De Noronha of Noster Capital.
What was obvious at last week's annual meeting of central bankers at Jackson Hole, Wy., was that they aren't certain how to conduct policy now that interest rates are near zero. There also are big differences about what to do when things return to “normal.”
A recent study concluded that 38,000 of Irish companies are at a "high risk" of collapse and show signs consistent with business failure, the Irish Examiner newspaper reported Monday.
Ed Balls will on Friday say that a “hurricane is about to hit” Britain’s economy, in the most dramatic warning yet by a Labour politician that the coalition’s plans to cut the deficit risk pitching the country into a double-dip recession. The FT reports.
When the European Union stepped in this spring with a €750 billion ($955 billion) rescue package to back Europe’s weaker economies, the threat of imminent default practically disappeared, the New York Times reports.
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Nicolas Sarkozy on Wednesday set out his agenda for France’s forthcoming presidency of the G20 group of leading economies, proposing measures to reduce currency fluctuations, curb commodity speculation and speed up reform of international institutions.
Economist Joseph Stiglitz warned that Europe is at risk of going into a double-dip. Meanwhile, Greece's 10-year climbed 30 basis points to 10.55 percent causing renewed concerns about the health of its economy. For right now it looks like the European recovery is showing signs of weakening and possibly sliding back.
The euro zone’s growth spurt lost momentum this month, as an expansion in output in Germany and France failed to make up for a near standstill elsewhere, the FT reports.
The decline of the Western economic model will bring about hyperinflation and decades of painful readjustment, Egon von Greyerz, founder of gold investment intermediary Goldswitzerland.com told CNBC Thursday.
The blame for the uncertainty that surrounds Tuesday’s meeting of the Federal Open Market Committee should perhaps be placed on Federal Reserve Chairman Ben Bernanke's leadership style, or lack of it.
If the Fed opts for quantitative easing, it may force the hands of other major central banks to be even more doveish.