SEOUL, Aug 1- South Korean exports to China fell 7.0 percent in July from a year earlier, a third consecutive monthly drop, while shipments to the European Union rebounded from a fall in June to post a strong 11.5 percent rise, data showed on Friday.» Read More
Greece needs to go through a period of deflation to return to competitiveness and ensure sustainable growth, John Sfakianakis, group chief economist at Banque Saudi Fransi, told CNBC Friday.
Investors should buy Irish sovereign debt as an expected European Union bailout will boost prices, Bob McKee, chief economist at Independent Strategy, told CNBC Thursday.
European shares are indicated to open flat Friday, ahead of a conference at the European Central Bank in Frankfurt where Fed Chairman Ben Bernanke and ECB President Jean-Claude Trichet will both speak.
Sarah Palin says she could defeat President Barack Obama if she were to seek the White House in 2012, according to the transcript of an interview with ABC News.
European shares looked set to open higher Thursday, tracking gains in Asia and on optimism that the situation in Ireland will be resolved.
"The focus has shifted from QE2," says one market pro. "QE2 was supposed to send the dollar down. Instead it's going up. Interest rates were supposed to go down. Instead they've gone up."
European shares were set to open mixed Wednesday as worries over the debt situation in the euro zone persist and fears of monetary tightening in China because of the danger of inflation increased.
European shares were set to open lower on Tuesday as fears Dublin could seek money for its stricken banks from an EU emergency fund linger among investors.
Is the real threat of the European debt crisis being underreported in the US?
In an article in today's Financial Times, Portuguese finance Minister Fernando Teixeira dos Santos was discussing the implications of the current simultaneous credit crises in Greece, Portugal, and Ireland.
The auto navigation device may soon begin to disappear, industry experts say, as satellite-tracking technology is absorbed into smartphones and automobiles. The New York Times reports.
The euro is likely to lose some of its strength over the short term, but if Ireland asks for bailout funding and establishes a clear mechanism of how it will work, some nerves in the markets will be settled, Richard Yetsenga, global head of emerging-markets currency strategy at HSBC told CNBC Monday.
Greece expects the budget deficit in 2010 will be larger than initially targeted after the EU's statistics agency said Monday the country's debt last year was actually much higher than projected.
The European Union may have managed to stanch the bleeding—for the moment—on Irish bonds.
Veracruz founder Steve Cortes thinks so and here's how he's trading it.
The European Central Bank’s reluctance to consider further monetary easing exacerbates the problems the euro zone is currently facing, economist Nouriel Roubini told CNBC Thursday.
Patrick Honohan, Ireland’s central bank governor, on Wednesday put a “For Sale” sign over the country’s ailing banks, stressing that foreign ownership of the troubled sector was “not as far-fetched a scenario as it might appear to some”, reports the Financial Times.
The rumbling crisis over the integrity of the eurozone has entered a new and ominous phase, with economists and bond market investors questioning the ability of “peripheral” European economies to stay in the euro without yet another rescue package. The FT reports.
The United States should tax purchases of yen, yuan and euro used to import goods from those three economies. Set it at about 40 percent until the Gang of Three agrees to acceptable exchange rate reforms.
Some of the biggest trade finance providers, led by HSBC and Standard Chartered, are lobbying to have tough capital rules toned down, warning that if they are not, world trade could be severely hampered. The Financial Times reports.