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Eastern Europe

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  • BP CEO Defends Russian Share Swap Deal Monday, 17 Jan 2011 | 5:57 AM ET
    Bob Dudley, the Executive Director of BP, arrives at their headquarters in St James's Square on July 26, 2010 in London, England.

    Bob Dudley dismissed suggestions that the Russian deal would impact BP’s ability to meet its obligations in the US or be blocked by US lawmakers.

  • European Sovereign Debt: Crisis That Isn't Going Away Saturday, 8 Jan 2011 | 12:03 PM ET
    Euro coin in front of the giant symbol of the Euro outside the headquarters of the European Central Bank.

    Less than a month after bailing out Ireland, and after a holiday lull in the markets that may have looked mistakenly like calming, the European Union is again struggling to persuade investors that it has the cash and the will to address the root cause of its travails. The New York Times reports.

  • Austerity measures put in place by peripheral euro zone countries will eventually bear fruit, but going forward bond investors will have to start getting used to taking losses on their principal, Erik Nielsen, the Chief European Economist at Goldman Sachs, told CNBC Friday.

  • PIGS Debt Riskier Than Iraq, CDS Prices Show Friday, 7 Jan 2011 | 3:59 AM ET

    Greece has become the world's riskiest borrower in the fourth quarter of 2010, surpassing Venezuela, while Spain, Portugal and Ireland were riskier than Iraq.

  • Investing 'Minefields' to Watch for in 2011 Tuesday, 4 Jan 2011 | 2:52 AM ET

    The global economic recovery may be firmly on track, but Arjuna Mahendran, head of investment strategy for Asia at HSBC Private Bank, recommends that  investors  safe guard their portfolios against two central risks this year: inflation and the burgeoning government deficits.

  • Estonia

    On Saturday, Estonia completes its trip from Soviet republic to full-fledged member of the euro zone, reports the New York Times.

  • Market Insider: Russian Roulette Could Pay Off in 2011 Tuesday, 28 Dec 2010 | 8:38 PM ET
    The Spasskaya Tower in Red Square, Moscow.

    As Russia moves to lure foreign investors, some strategists see the Russian bear as the emerging market bull for 2011.

  • Euro Zone Is Imperiled by North-South Divide Friday, 3 Dec 2010 | 4:49 AM ET
    lisbon portugal

    The euro once meant flush banks and easy credit, but these days it has laid bare a cold reality: Portugal shares the high wages and prices of richer northern European neighbors, but not their competitiveness, reports the New York Times.

  • European Debt Worries Force Investors to Play It Safe Friday, 26 Nov 2010 | 12:50 PM ET
    NY Stock Exchange Traders

    While the market pullback isn't even in the realm of a correction, worries that Europe's debt crisis could  hurt the global economy are weighing on what otherwise could be a robust rally.

  • Spain Bailout Would Spell Trouble for the Euro Thursday, 25 Nov 2010 | 8:53 AM ET
    Spain

    Any bailout of Spain could severely stress the ability of Europe’s stronger countries to help the financially weaker ones, and spell deep trouble for the euro. The New York Times reports.

  • For Russia's Poor, Blond Hair Is Snippet of Gold Monday, 22 Nov 2010 | 7:13 AM ET
    Paris goes green!

    The road into town is a potholed track, passing villages of log cabins and fallow fields that speak to the poverty that has gripped this part of central Russia for as long as anyone can remember. The New York Times reports.

  • What Ireland Can Learn From Latvia's Fate Friday, 19 Nov 2010 | 10:43 AM ET

    CNBC's Anna Edwards discusses how Ireland can learn a few lessons from Latvia. Eastern Europe throws up some fascinating examples that Dublin might like to study as Ireland battles to keep its fiscal independence, she says.

  • Did Austerity Manage to Save Eastern Europe? Friday, 19 Nov 2010 | 10:09 AM ET

    CNBC went on the road this week to Central and Eastern Europe, a region that a year and a half ago was sending shockwaves through markets as some analysts were predicting its collapse.

  • How the Smartphone Is Killing the GPS Device Monday, 15 Nov 2010 | 11:37 AM ET

    The auto navigation device may soon begin to disappear, industry experts say, as satellite-tracking technology is absorbed into smartphones and automobiles. The New York Times reports.

  • Irish Debt Woes Revive Concern About Europe Monday, 8 Nov 2010 | 4:33 AM ET
    Dublin, Ireland

    When interest rates soared last week on Irish government bonds, it served as a warning to other indebted nations of how difficult it could be to roll back decades of public sector largess. The New York Times reports.

  • Mortgage

    Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages, reports the New York Times.

  • Tax Shortfalls Spur New Fear on Europe’s Recovery Thursday, 28 Oct 2010 | 10:06 AM ET

    Some EU countries face the prospect of missing the budget deficit targets forced upon them this year by impatient bond investors, as tax revenue missed projections. The New York Times reports.

  • Look to Emerging Europe for Returns: Portfolio Manager Wednesday, 27 Oct 2010 | 10:39 AM ET

    Asia and Latin America may be getting all the attention, but Vladimir Milev, a portfolio manager at Metzler/Payden, says the best emerging market opportunities are in the Central and Eastern European markets.

  • As Dollar’s Value Falls, Currency Conflicts Rise Thursday, 21 Oct 2010 | 6:19 AM ET

    Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies, reports the New York Times.

  • Luxury Spending Rebounds to Pre-Crisis Levels Monday, 18 Oct 2010 | 4:39 AM ET
    Gucci Store

    The luxury sector is rebounding better-than-expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year of self-denial and nouveau riche Chinese indulging in a worldwide spending spree, according to a new study released Monday.