Axel Weber doubts the future of the euro if countries do not impose structural reforms to boost their longer-term growth rates.» Read More
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.
Eastern Europe will suffer a more serious recession than Western Europe and the weakness in the region’s banks could drag on their Western counterparts, Moody’s said in a research note Tuesday.
1st paragraph of story should go here
Here in Abu Dhabi, exactly 7,095 miles from Washington D.C. where President Obama will be sworn in this week, the great and the good of the energy world will be discussing, amongst other things, the key issue surrounding future energy: who's going to pay for it?
There’s a global movement gaining strength to capture carbon around the world. Having engaged in the act of sequestration -- removing, separating or seizing it -- the carbon is then stored.
The woman who pulled in European money for Bernie Madoff has disappeared from view, the New York Times reports.
Can you believe it? It's already been ten years since the single currency was launched into anxious financial markets amid fears of failure and forex massacre (notes and coins were only introduced two years later to replace respective national currencies). So, what's the verdict after the first decade?
The first half of next year will be very bad for the world economy, but investors will find value in stock markets as some deeply discounted shares will stage a rebound, Marc Faber, editor and publisher Gloom, Boom and Doom Report, told CNBC.
It's that time of the year, when children -- those who still believe in him! -- tend to send off letters to the North Pole, to a certain Mr. Claus to inform him about their wishes for Christmas in the (often) vain hope that they might be fulfilled and that, come Christmas night, this "special something" arrives down the chimney.
This year has been marked by astonishing and market-changing events including a $100 fall in the price of oil, the drop to zero of US interest rates and the collapse of Wall Street giants such as Lehman Brothers.
Russian news agencies quote a senior economic official as saying that Russia faces at least two quarters of economic decline and is therefore in recession.
Bonds look more attractive than stocks in the current climate, as share prices may take another dive, and investors should worry about preserving the money they have rather than making any more, Hugh Hendry, chief investment officer and partner at Eclectica told CNBC.
U.S. President-elect Barack Obama got a write-in vote in the north-eastern city of Iasi in Romania, where a disgruntled voter preferred him to seven local politicians competing for seats in parliament, Romanian news agency Rompres reported Monday.
Cramer makes the call on viewers' favorite stocks.
Some $2.1 trillion of European company and bank debt matures in the next three years, raising "substantial refinancing
Long-term investors should leave the sidelines and pick up stocks now, as shares in all companies look very cheap, Bill Knapp, Investment Strategist at MainStay Investments told CNBC.
European Union finance ministers backed on Tuesday proposals for a reform of the G8 club of major industrial nations and an end to self-regulation in global financial markets that critics say caused the credit crisis.
The U.S. stock market is unlikely to fall very much from the current levels and opportunities have arisen, but emerging markets are still going to grow faster, Mark Mobius, lead portfolio manager at Templeton and an emerging markets specialist, told CNBC.
Global stock markets rebounded Monday as the world's governments stepped up plans to bailout the financial sector. CNBC's experts weigh in on whether the rally has legs.
Stock markets sold off globally on Friday as investors’ confidence crumbled and credit markets reamined tight. CNBC’s experts tell you where to turn.