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Mitt Romney sought to use the coveted endorsement of Jeb Bush on Wednesday to amplify his call for Republicans to rally behind his candidacy and get on with the mission of ousting President Obama. The NYT reports.
Banks will face stiff penalties and intense public scrutiny if they fail to live up to the standards of a $25 billion mortgage settlement with state and federal authorities, according to court documents filed as part of the deal Monday in federal court in Washington. The NYT reports.
A lead adviser to Greece on its debt deal, Mitu Gulati, argues that instead of repeated austerity-based bailouts, other European countries should cut a deal directly with their creditors to reduce their debt loads.
The Russian Presidential elections have once again revealed the EU’s many contradictions and exposed its dwarf-size political mass.
Advance Emerging Capital CEO, Slim Feriani, told CNBC why Russia accounts for 13 percent of his firm's emerging market fund.
"I think there is going to be a lot of questions about the fairness of the vote, but it does not look like the Kremlin's giving any ground on that at the moment," Wall Street Journal reporter, Greg White, told CNBC.
Jochen Wermuth, the founding partner of Wermuth Asset Management, told CNBC investors were pleased with Russia's recent presidential election, as the populace showed new signs of engaging with the democratic process.
The financial system could face a test this week as industry officials debate a provision of the Greek bailout, the New York Times reports.
Unlike Greece, Portugal is a debtor nation that has done everything that the European Union and the International Monetary Fund have asked it to, in exchange for the 78 billion euro (about $103 billion) bailout Lisbon received last May. The NYT reports.
The European Central Bank's rescue of the region's banks by showering them with cheap loans could be creating the conditions for another financial crisis several years from now. The New York Times reports.
Greece has found itself in a category of its own among struggling debtors — a nation Europe no longer trusts, The New York Times reports.
For all the struggles that Greece has gone through to satisfy its demanding lenders, Europe’s troubles are not going away, the New York Times reports.
Another batch of the riskiest mortgage-backed securities once owned by the American International Group are being auctioned off this week, according to two people familiar with the matter, a sale that would bring the insurance giant’s 2008 meltdown once step closer to a resolution.
For months now, a big investor has been betting billions of dollars that two of Europe’s most wounded countries will bounce back from the beating they have taken during the region’s debt crisis, the New York Times reports.
The Russia Forum, held in Moscow each February, brings together politicians and business leaders to discuss investing in this vast resource-rich country.
Investors are predicting that Portugal will be next in line after Greece to impose losses on bondholders as it struggles to meet the terms of a $103 billion bailout agreement struck with international creditors last May. The New York Times reports.
The region is utterly dependent on the health of the richer EU members. This is why, analysts said, when things will turn for the better, investors stand to gain from a faster recovery than in Western Europe.
Growth in Central and Eastern Europe hinges on developments in the euro zone and a slowdown in the CEE region is already underway, European Bank for Reconstruction and Development (EBRD) chief economist Erik Berglof told CNBC on Wednesday.
"Hungary is a red flag, we have to watch very carefully what's happening in Hungary but it's a little bit different from the other countries," Erik Berglof, the chief economist at the European Bank for Reconstruction and Development, told CNBC.
The IMF cut its growth outlook for Europe today, warning that the euro zone could enter a mild recession this year. Although the IMF kept its outlook unchanged, it wasn't enough to boost stocks, with CNBC's Sue Herera and Steve Liesman.