KIEV, July 23- Ukrainian Energy Minister Yuri Prodan said on Wednesday reverse gas flows from the European Union to Ukraine had fallen because of opposition from Russian gas producer Gazprom.» Read More
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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.
The mid-summer rally is over and stocks will begin a downward leg before bottoming in October, as the world economy is in what looks like a Great Depression, Robin Griffiths, a technical strategist at Cazenove Capital, told CNBC Monday.
The West is only half the way through a 20-year secular downturn that will not end until the children of the US baby boomers begin to flex their financial muscle in about 10 years time, according to Robin Griffiths, a technical strategist at Cazenove Capital.
Behind the revival in confidence in Greece lurks fear things could still fall apart, the Financial Times reports.
Spain's unemployment rate rose to a 13-year high of 20.09 percent in the second quarter, the government said Friday, as the job market lagged behind an economy that has barely managed to break out of recession.
The solidity of Belgium’s public finances was called into question on Tuesday after an independent budget watchdog challenged the government’s tax revenue forecasts and warned of higher budget deficits.
Durable goods orders for June due Wednesday could have as much directional sway with stocks as the flood of earnings news coming from companies like Boeing, Conoco Phillips and Comcast.
Does the price action on major banks in Europe tell investors that the continent is now not a threat to risk appetite and that Wall Street can mount a sustained rally without a repeat of May’s negative blow-up?
Earnings news Tuesday may again be the catalyst for a stock market that's showing improving technical strength.
Despite the recent rally for equities across the world, the bonds are winning the battle for investors' cash and will continue to do so according to Robin Griffiths, a technical strategist at Cazenove Capital.
With the European bank stress tests out of the way, investors may shift their focus to what's got the stock market perking up in the last couple of days.
Today’s stress tests of European banks did not weigh as heavily on markets as many expected. Despite skepticism about the criteria of the tests—assuming no chance at all of a sovereign default—and the conclusions—only seven banks flunked—the market seems to accept the conclusion by bank regulators that Europe’s banks are not as sick as feared.
Former Bank of England Policy Maker David Blanchflower tells CNBC Europe's stress tests do not hold up to his kick it, punch it, poke it methodology.
Most of the largest European banks, are well capitalized but these results "can't begin to tell the full story," Cohen said.