CNBC's Simon Hobbs reports on all the market moving events in Europe today, including gains for European banks and a sales miss for Unilever.» Read More
CNBC's Guy Johnson reports from Budapest as European finance ministers meet to discuss the EU's debt crisis. And the country's travel forecast and a look at Augusta.
Spain has avoided a costly run on its debt even as its closest neighbor, Portugal, has been forced to ask the European Union for help to help fund its debt burden. But one analyst remains skeptical the Spanish are out of the woods just yet.
What Mervyn King, governor of the Bank of England, called the Nice (“non-inflationary, consistently expansionary”) decade has vanished. In its place, we see what I would now call the Nasty (“nightmare of austere and stagflationary years”), the Financial Times reports.
European stocks were indicated to open higher on Friday as the euro nears a 15-month high against the dollar.
Just because the European Central Bank raised interest rates today to stave off inflation, don't expect the Fed to take a similar tack with U.S. rates, these strategists say.
Rumors of a failed Asian art auction drive down shares of Sotheby's, and the Fast Money traders call the close. Hint: Avoid the Euro.
The US government is careening towards a shutdown as Democrats and Republicans can't agree on a 2011 budget plan. I believe a shutdown will occur.
Portugal throws in the towel, the Bank of England holds steady, and the European Central Bank tightens its purse strings — it's time for your Eurocentric FX Fix.
CNBC's Steve Liesman discusses the ECB's decision to raise rates a quarter point, which some say was long overdue and others say could seriously endanger the recovery. Simon Hobbs & Rick Santelli weigh in.
Discussing whether the ECB is jumping the gun and the Fed is lagging, with Keith McCullough, CEO, Hedgeye Risk Management. For places like Portugal, Greece and Ireland, he says, things will end badly.
CNBC's Rick Santelli reports on the weekly jobless claims number, which fell to 382,000. Steve Liesman provides analysis and discusses whether the ECB rate decision will stick. Jim Iurio, Institutional Services, discusses, as well.
Headlines, comps and CNBC's Silvia Wadhwa discusses the ECB's decision to raise interest rates by a quarter point.
Discussing the European Central Bank's decision to raise rates by a quarter point, with CNBC's Steve Liesman. U.S. economists don't necessarily agree it's a good decision, but others question whether Bernanke and the U.S. Fed are actually behind the curve. MIT Sloan School Dean David Schmittlein also weighs in.
Stephen Roach, Morgan Stanley Non-Executive chairman & Yale senior lecturer, discusses this recovery and why it's different. He also talks about the possibility of an ECB rate hike, and the role of the Fed in the financial crisis.
CNBC's Silvia Wadhwa reports from Frankfurt on the expected rate hike by the ECB. Many see it as a warning that countries have to be responsible for getting their own fiscal houses in order. And John Harwood reports on a new NBC-Wall Street Journal Poll. Also, a look at the weather forecast for The Masters in Augusta, Georgia.
A roundup of the day's news with CNBC's Joe Kernen & Becky Quick. Including a rally in Portuguese bank stocks after the country asks for a bailout, Moody's warning it could cut UK banks senior debt ratings and another strike in Greece. Also, Libya accuses the British of striking an oil pipeline.
After months of speculation, Portugal last night accepted what many had claimed has been inevitable since the fourth quarter of 2009 and went cap in hand to the European Union as its borrowing costs became unsustainable following another big jump in yields.
European stocks were indicated to open slightly lower on Thursday ahead of interest rates decisions by the European Central Bank and the Bank of England, as well as news that Portugal will seek financial aid from the European Union.
Commerzbank on Wednesday presented a plan to repay 14.3 billion euros ($20.3 billion) of the 16.2 billion euros of state aid by June.
European stocks were indicated to open slightly higher on Wednesday, following positive but muted trade in Asia.