At the end of February, Ukraine's months-long conflict erupted into a series of violent clashes. Here's what you should know.» Read More
The world's central bankers have shown they've learned a lot from the 2008 financial crisis by taking coordinated action Wednesday to ease strains on the financial system, Goldman Sachs Asset Management CEO Jim O'Neill told CNBC Wednesday.
The Western world has run out of ideas and is "finished financially" while emerging economies across the world will continue to grow, David Murrin, CIO at Emergent Asset Management told CNBC on the tenth anniversary of coining of the so-called BRIC nations of Brazil, Russia, India and China, by Goldman Sachs' Jim O'Neill.
Measures taken by the Indian government to open up the country to foreign investment could see it match Chinese growth rates, Goldman Sachs’ Chairman Jim O’Neill told CNBC Wednesday.
In a stern pronouncement, Moody’s Investors Service this week warned of rising prospects for multiple defaults by countries in the euro zone and credit rating downgrades of nations across Europe if leaders should fail to resolve the spreading debt crisis. The NYT reports.
About $200 million in customer money that vanished from MF Global is believed to have surfaced at JPMorgan Chase in Britain, according to people briefed on the matter. The New York Times reports.
As the European debt crisis threatens to engulf even France along with Italy and Spain, Bernard Connolly's longstanding proposition that a common currency for the region would end in ruin is getting a wider hearing.
UniCredit will ask the European Central Bank to increase access to ECB borrowing for Italian banks at a meeting on Wednesday, a source close to the bank said, highlighting funding concerns among the country's lenders.
Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.
The Group of 20 is seeking to meet again, possibly before Christmas, with the aim of resurrecting a deal to provide an international firewall around Greece, G20 sources have told the Financial Times, saying negotiators at the Cannes summit had been close to an agreement.
Roman Abramovich, the billionaire owner of Chelsea football club, conceded he used business practices that were common but “not very ethical” during the early 1990s in Russia as his business progressed from the manufacture of plastic toy ducks into what would become an oil and metals empire.
Though financial institutions are not yet turning away customers at the door, they are trying to discourage some depositors from parking cash with them. NYT reports
As European leaders scramble to contain the euro zone debt crisis and make preparations for an orderly default for Greece, on e fund manager argues that Russia’s debt crisis in 1998 could hold an important lesson for the southern European nation.
Jochen Wermuth, CIO of Wermuth Asset Management, discussed Vladimir Putin's probable return to Russia's political scene as President, and his previous failure to tackle corruption.
There are all kinds of debt—as small as personal debt or as large as national debt. There's another type of debt as important as the rest—called Sovereign Debt. CNBC Explains.
Growth in emerging markets slowed to its weakest pace for more than two years between July and September as manufacturing output decelerated amid fears of a global slowdown, according to figures from HSBC.
Assets in U.S. based exchange-traded funds fell below the $1 trillion mark in September, the lowest level since November 2010, according to a new report from Birinyi Associates.
Regulators in the United States and overseas are cracking down on computerized high-speed trading that crowds today’s stock exchanges, worried that as it spreads around the globe it is making market swings worse. The New York Times reports.
The prospect of guaranteeing the debt of richer but more spendthrift countries like Greece, Portugal and even Italy has led to public outrage in tiny Slovakia, the second-poorest country in the euro zone where the average worker earns just over $1,000 a month. Now it is threatening to derail a collective European bailout . The New York Times reports.
The fortunes of emerging markets are tied to the EU sovereign crisis. Discussing cheap opportunities in emerging markets going into Q4, with Tim Seymour, Emergingmoney.com founder.
French banks could handle a capital hit caused by their exposure to peripheral sovereign debt, but have fallen victim to negative market sentiment, David Byrne, director of fund management at Swiss Canto Funds Centre in London, told CNBC.