U.K. Prime Minister David Cameron called for Europe to ratchet up sanctions against Russia.» Read More
The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.
Asian economies are not protected from Europe’s debt problems given their strong trade links, even though they have high savings and relatively strong financial systems, RBS wrote in a recent report.
The New York Times considers the possibility that a firm or group of firms insured billions of dollars of European debt through derivatives.
Whether it’s next week or next year, strategic investor Dennis Gartman thinks its only a matter of time until the European Union unravels.
Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.
Russia and China are the most attractive BRIC countries at the moment, according to Jim O’Neill, Chairman of Goldman Sachs Asset Management.
Agricultural commodity prices should fall back from their current highs as fresh supplies come onto the market, the Organization of Economic Cooperation and Development said in a report on Friday. However, food prices will continue to put upwards pressure on inflation.
For now, at least, investors seem to believe that the United States has enough shock absorbers to comfortably withstand a default by Greece, the New York Times reports.
Human resources consultant ECA International has drawn up its latest list of the world’s most expensive cities for U.S. expatriates. Check out the list!
Bond traders and officials at the European Central Bank have been unified in their warnings that a restructuring of Greece’s debt would set off an investor panic similar to the one that followed the bankruptcy of Lehman Brothers, the New York Times reports.
Swedish construction company Skanska is expanding to Romania, banking on growth potential and infrastructure needs in the European Union's newest member, Skanska Executive Vice President Roman Wieczorek told CNBC.com.
Talk about a possible default by Greece has caused some concern for SAP in Central and Eastern Europe but it is not changing the company's plans, Manfred Joseph, managing director at SAP CEE, told CNBC.com.
Since Europe’s debt crisis became acute last year, the European Central Bank has gone beyond its role as arbiter of monetary policy to become in effect the adult supervision for quarreling heads of government.
The CEE Stock Exchange Group, consisting of the Vienna, Budapest, Ljubljana and Prague stock markets, is interested in buying more stock exchanges in the region, Michael Buhl, CEO of the CEE Stock Exchange Group, told CNBC.com in an interview.
Investors should not focus just on the politics in Eastern Europe but rather turn their eyes towards its underpriced commercial property markets, Holger Schmidtmayr, Board Director at Austrian real estate investment company Sparkassen Immobilien, told CNBC.com.
The arrest of war criminal Ratko Mladic, alleged architect of the Srebrenica massacre in 1995, tears down one of the remaining barriers preventing Serbia joining the European Union.
The collapse of a BP share-swap deal with Russian state oil company Rosneft is just one of a string of failures which show that Russia is "uninvestable", according to William Browder, once the country’s largest portfolio investor.
A Munich Re unit has cancelled a trip to Monaco for top executives after details of a sex party in Budapest emerged and it became clear that the so-called incentive trips for sales execs have not been a single event.
Europe’s banking regulator will unveil the results of a third round of stress tests of its banks next month, but analysts have little hope that they will calm investors' nerves.
The French finance minister, Christine Lagarde, was on a panel at the World Economic Forum in Davos this January when her usual smile turned into a frown. Next to her, Robert E. Diamond Jr., chief executive of Barclays and one of the most powerful bankers in the world, thanked regulators and finance ministers for their role in shaping a better environment after the financial crisis.