Sweden's foreign minister, Carl Bildt, discusses the West-versus-Russia confrontation ongoing in Ukraine's Crimea region.» Read More
The figure of $1.3 trillion for the exposure of Western banks to the Central and Eastern European region reported by the Bank for International Settlements is too high, Andreas Treichl, CEO of Erste Bank, one of the biggest banks operating in CEE, told CNBC Wednesday.
The U.S. stimulus package may pack a big punch in the current crisis because households and businesses struggling to get credit are more likely to spend the money, a top White House adviser said Tuesday.
President Barack Obama named Kansas Governor Kathleen Sebelius to lead his ambitious health reform effort on Monday, kicking off a week focused on revamping an inefficient healthcare system whose cost he fears is hurting the U.S. economy.
President Barack Obama Thursday released an outline of his budget for fiscal year 2010 that begins Oct.1.
With one of their own in the White House, Democrats in Congress are moving to give domestic government agencies 8 percent more money, on average, to spend this year atop the whopping $787 billion in economic stimulus funds.
Barreling ahead on a mammoth agenda, President Barack Obama is ready to offer a detailed sketch of the first year of his presidency, casting the nation's bleeding economy as a tangle of tough, neglected problems.
The development boom that turned Poland, Hungary and other former Soviet satellites into some of Europe’s hottest markets is on the verge of going bust, raising worrisome new risks for the global financial system that may ricochet back to the United States.
Christophe de Margerie doesn't see a bounce back this year, saying 2010 is more likely.
Keep track of what Obama has been doing since taking office:
The most obvious pothole on the road to reparation is mark-to-market valuation; and it remains a mystery to me as to why this less than two-year old accounting rule remains the most ignored portion of debate.
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes.
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes, one of the root causes of the global financial meltdown.
A year ago UK lending facility Northern Rock was nationalized by the government. Since then, there has been the nationalization and saving of many more financial institutions worldwide.
Russia's super-rich are also super-losers in the financial crisis, according to the business magazine Finans, which said Monday the top 10 wealthiest Russians lost about two-thirds of their fortunes over the past year.
Uncertainty about how far world fuel demand and oil prices will fall has made it harder than ever for OPEC members to agree on how to balance group output policy against the divergent needs of their individual budgets.
The U.S. Congress was expected to pass a $789 billion economic stimulus package aimed at unleashing large spending and tax cuts to help yank the economy out of a 14-month recession.
US lawmakers prepared Thursday to pass a $789 billion stimulus package to revive the struggling economy in a victory for President Barack Obama that some warned may have costly consequences.
Banking leaders who benefited from a federal bailout are bringing a message of accommodation and gratitude to Congress, hoping for a better reception than the one given Treasury Secretary Timothy Geithner.
The Obama administration's financial-rescue plan contains a number of measures meant to ease the credit crunch, including a public-private initiative to take bad assets off of banks' balance sheets.
The new financial rescue plan may not work and could even make things worse because it plunges the US further into debt and it is designed by the same people who failed to forecast the crisis and take measures, legendary investor Jim Rogers told CNBC Tuesday.