Eduard Zehetner, CEO of Immofinanz, explains that he wrote off exposure to Ukraine property five years ago, but that investments in Moscow property are the most profitable he has in his portfolio.» Read More
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.
"Putin is the real leader of Russia. He is the father of Russia," Andrei Kostin, chairman and president of VTB Bank, told CNBC, when asked to rate Vladimir Putin's chances of becoming president.
Turkey gets tough and the Australians go shopping - it's time for your FX Fix.
Credit default swaps (CDSs) have emerged blinking from computers in glass-fronted offices into the limelight in recent years.
Like Americans trying to raise quick cash by unloading their unwanted goods, the federal government is considering a novel way to reduce the deficit: holding the equivalent of a garage sale, reports the NY Times.
Concerns over investment in Central and Eastern Europe have grown as a solution to the problem of sovereign debt in the peripheral euro zone has eluded policymakers and global growth has slowed.
Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds, the New York Times reports.
Stocks rallied on Monday and Tuesday on hopes that policy makers where about to get their act together and unveil a credible solution to the euro zone debt crisis. On Wednesday the bears where back in charge as stocks and commodities came under renewed pressure amid fears a euro zone resolution was not as close as had been hoped.
Vladmir Putin will now run for president and Dmitry Medvedev will become prime minister. And, highly respected finance minister Alexei Kudrin is out. So is the economic future of Russia in question? Nicholas Burns, former director for Soviet Affairs in the George W. Bush Administration, weighs in.
How to play big changes at the Kremlin, with Tim Seymour, EmergingMoney.com
Sharp positive moves in stock markets are not necessarily a sign of strength and are unlikely to prompt a bull market in the current volatile environment, Christian Gattiker, chief strategist at Julius Baer, told CNBC Tuesday.
When Vladimir Putin took time out from shirtless photo opportunities to announce that he was seeking the Russian presidency again in 2012 at the weekend, the subsequent drop in the rouble must have been rather unflattering.
Putin said they had decided this a while ago. The State Department had decided a while ago in cables distributed by Wikileaks that Russia was a "virtual mafia state." Gee, what a surprise.
European leaders headed home from a weekend of meetings in Washington vowing bolder steps to address widening anxiety about the Continent’s debt burden. But it will most likely be weeks or even months before any new action comes to pass. The NYT reports.
Senior Russian government figures have rebelled against a deal between President Dmitry Medvedev and Vladimir Putin, the prime minister, to switch jobs next year. The FT reports.
"Owners of big companies in BRIC nations will not make an investment in the US or Euro zone until there is a low labour cost, clear environment or better demand prospect," V. Anantha Nageswaran, senior economic advisor at Julius Baer told CNBC.
In the past half-century scientific advances and innovation have transformed our world, how much do you know about innovation?
Brazil's President Dilma Rousseff has championed a co-ordinated purchase of euro zone debt from the world's emerging economies. But with a less than enthusiastic response from Russia and China so far, have the proposals already fallen flat ahead of a Thursday meeting in Washington? Slim Feriani, CEO at Advance Emerging Capital, joined CNBC for a discussion.
With share prices down over the summer as fears of contagion spread, might now be the time to take off your hard hat, climb out from under your desk, and look again at European banks?
As consternation about the euro zone debt crisis and slowing growth in the US increases, political leaders should focus on job creation, business leaders at the conference dubbed the "summer Davos" told CNBC.