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Eastern Europe

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  • Bets on European Bonds Paying Off for Funds Tuesday, 11 Sep 2012 | 10:56 AM ET
    Euros

    When fear gripped the European markets in April, the money manager Robert Tipp decided to buy more Portuguese government bonds. He figured that European officials wouldn’t let the country turn into another Greece.

  • Greek Government and Public at Odds Over New Cuts Thursday, 6 Sep 2012 | 2:16 AM ET
    Greek Parliament

    Anastasia Kastaniotou, a struggling mother of three, stood near the Greek Parliament building on Wednesday and threw up her hands as she contemplated an €11.5 billion austerity package that her country’s government was trying to tie up this week to keep Greece in the euro, the New York Times reports.

  • Euro Lifts, Dollar Drifts, Hungary Is On Hold Thursday, 30 Aug 2012 | 8:03 AM ET

    Italy lifts the euro but China sinks the Aussie -it's time for your FX Fix.

  • Prosecutors Link Money From China to Iran Thursday, 30 Aug 2012 | 1:11 AM ET

    Prosecutors say they have unearthed evidence in recent international money-transfer investigations that Chinese banks may have flouted United States sanctions against Iran. The NYT reports.

  • European Shares Set for Cautious Open on Fears Over Spain Wednesday, 29 Aug 2012 | 1:03 AM ET

    European markets are set for a mixed open on Wednesday after the Catalonian region in Spain asked for a financial lifeline from the national government, raising concerns that the country itself will soon ask for a bailout.

  • A top German official at the European Central Bank on Monday defended the bank’s plans to intervene in bond markets to push down borrowing costs for businesses and encourage economic growth. The position puts him at odds with the president of Germany's central bank and highlights a growing split in the country’s policy-making elite.

  • European markets are called to open in negative territory on Tuesday as the debate continues over how far the European Central Bank (ECB) can, or will, go to save the euro zone.

  • European Markets Cautious On Euro Zone Uncertainty Monday, 27 Aug 2012 | 1:10 AM ET

    European markets are called to open cautiously Monday after mixed signals from euro zone politicians and officials over the weekend.

  • Austria's AAA Rating Under Attack From East and West Wednesday, 22 Aug 2012 | 4:37 AM ET
    Austria

    Austria's triple-A credit rating hangs in the balance, and analysts are divided as to whether the country is more at risk from its banks’ heavy exposure to ex-Communist Eastern Europe or from heavily indebted Western Europe.

  • Euro’s Medicine May Be Making Greece’s Symptoms Worse Wednesday, 25 Jul 2012 | 12:30 PM ET
    Greek Parliament

    Greece's official lenders are signaling a growing reluctance to keep paying the bills of the nearly bankrupt nation, even as the government seeks leniency on its bailout terms.

  • US Is Building Criminal Cases in Rate Fixing Monday, 16 Jul 2012 | 6:04 AM ET
    Gavel

    As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the center of the scandal. The New York Times reports.

  • This is a transcript of Warren Buffett, Alan Simpson, and Erskine Bowles' Sun Valley live interview on CNBC's Squawk Box, July 12, 2012, from 8am to 9am ET.  They discussed why the U.S. needs to address its mounting debt problem and suggested some solutions.

  • Warren Buffett is interviewed on CNBC's Squawk Box, July 12, 2012

    This is a transcript of Warren Buffett's Sun Valley live interview on CNBC's Squawk Box, July 12, 2012, from 7:30am to 8:00am ET.  In his conversation with Becky Quick, Buffett says he now sees U.S. economic growth slowing, but residential housing is picking up slightly. He also says Europe has "been slipping pretty fast" over the past six weeks.

  • Europe’s Downturn Creates Unlikely Smugglers Thursday, 12 Jul 2012 | 2:20 AM ET
    Cigarettes

    For years, law enforcement officers and smugglers have played cat and mouse in Europe, where contraband cigarettes are stashed in everything from furniture shipments to loads of Christmas trees, the New York Times reports.

  • Bank Scandal Turns Spotlight to Regulators Tuesday, 10 Jul 2012 | 2:07 AM ET
    Wall Street sign

    As big banks face the fallout from a global investigation into interest rate manipulation, American and British lawmakers are scrutinizing regulators who failed to take action that might have prevented years of illegal activity, the New York Times reports.

  • Euro Stays Frail, China's CPI Cools Monday, 9 Jul 2012 | 8:27 AM ET

    The euro's slide stalls and Chinese consumer price inflation keeps slowing — it's time for your FX Fix.

  • Trade Group for Bankers Regulates a Key Rate Friday, 6 Jul 2012 | 2:35 AM ET
    Robert Diamond, CEO of Barclays.

    While it was big news when the Barclays chairman, Marcus Agius, resigned Monday over his bank’s role in the Libor rate-fixing scandal. Less noticed was his other resignation that same day, the New York Times reports.

  • Draghi Gets Powers to Rival Bernanke Tuesday, 3 Jul 2012 | 2:39 AM ET
    Mario Draghi

    The spotlight in the European debt crisis has now shifted decisively toward the influential leader of the European Central Bank, Mario Draghi, who emerged from the recent summit meeting in Brussels with new powers and stronger backing to address the Continent’s financial woes. The New York Times reports.

  • Poland’s Growth Defies Euro Zone Crisis Monday, 2 Jul 2012 | 2:37 AM ET
    Castle Square in Warsaw old town, 30th July 2010. (Photo by Luis Davilla/Cover/Getty Images)

    As EU leaders scramble to save the euro zone and cobble together policies to restore growth, Poland is solidifying its position as the union’s fastest growing economy, the Financial Times reports.

  • French President Francois Hollande (L) speaks with German Chancellor Angela Merkel (R)

    The French President is determined to show the French that he is willing to stand up to Berlin, to push the German Chancellor to contribute even more than before toward a lasting solution of the euro mess. The New York Times reports.