CNBC's Eunice Yoon reports on all the market moving events from Asia, as the Chinese yuan hits new highs against the U.S. dollar.» Read More
I thought I understood how dire things were in Europe. Then I saw it explained by Clarke and Dawe. Troubling.
The euro is facing an identity crisis with Germany in the driver’s seat, Jan Randolph from IHS Global told CNBC Thursday.
The pressure on governments to fund bailouts and spend to reinvigorate their economies has led to a sharp increase in the issuance of sovereign debt.
American industries of all kinds—from travel and telecom to construction and energy—would be poised to profit if the 52-year trade embargo with Cuba were lifted. Among the first businesses to cash in would be those involved with tourism, most experts agree.
Portugal is a “totally different situation” than Greece, Ricardo Salgado, chairman of Espirito Santo Financial Group [ESFG], a financial services holding company which does business primarily in Portugal, told CNBC on Tuesday.
The European Union's economy chief has warned that the region will stagnate unless governments make major reforms to boost growth.
The spending cuts outlined by the UK treasury are “a crazy cutting agenda,” that could push the country back into recession, according to a former Bank of England official.
Speculation that Greece could opt out of -- or be pushed out of -- the euro zone roiled global stock markets last week.
A global crisis of confidence is imminent unless there's “a bigger boat” to tackle the world’s economic problems, Beat Lenherr, chief global strategist at LGT Capital Management, told CNBC Friday.
Markets are significantly undervalued in terms of corporate earnings, and stocks are set to bounce back with a vengeance, Christian Blaabjerg, Strategist at Saxo Bank, told CNBC Friday.
At both ends of the workforce spectrum, Portuguese are saying the same thing—I want a job.
As Greece gets its first instalment of aid from the European Union Tuesday, investors and traders are concerned about the fiscal strength of the other PIIGS: Portugal, Italy, Ireland and Spain.
The stock markets' March 2009 lows could be tested and even broken as sovereign debt continues to grow in Europe and stimulus measures wane, Philippe Gijsels, head of research at BNP Paribas Fortis global markets, told CNBC.com Tuesday.
European finance ministers meet in Brussels Tuesday and much of the talk will focus on how the sinners can be punished.
Call it the eurozone two-step. That’s what the euro nations in distress will be asked to dance on Tuesday as their ministers present their recovery plans to the body of 16 eurozone finance ministers engaged in an emergency meeting in Brussels.
With the euro under pressure on Monday euro zone and European Union finance ministers heading for a meeting in Brussels over the next 48 hours, the German government is pressing other members of the euro to adopt their own versions of the so-called balanced budget law.
Banknote wholesalers will no longer supply the 500 euro note in the UK as part of measures to prevent money laundering, the Serious Organized Crime Agency (SOCA) announced Thursday on its Web site.
The European Central Bank's decision to buy government bonds in the secondary markets will likely stop speculators, but it may push the euro down by more than 10 percent.
The great recovery is an illusion, and the banking crisis is likely to be very costly for the world economy, according to economist Jamie Dannhauser at Lombard Street Research.
The only thing missing from the weekend’s $1 trillion rescue package for Europe is a good acronym, Timothy Scala, a macro strategist at hedge fund Sophis Investments told CNBC.com Wednesday.