Tensions between Greece and its creditors ran even higher after an IMF report said the country needed as much as 60 billion euros in additional aid.» Read More
Could it be? A euro debt deal may be finally in sight - time for your FX Fix.
Jean-Claude Juncker, chairman of the group of euro-zone finance ministers, said that a selective default on Greek debt cannot be ruled out under a new bailout plan for the country, Dow Jones reported Thursday.
Investors have been treating sovereigns differently from corporates, when the reality is that they have much in common with corporates and can go bust. It’s time to view sovereign debt in this light, writes Moorad Choudhry.
George Osborne has urged euro zone leaders to “get a grip” on the sovereign debt crisis at their summit today, warning that failure to do so could unleash an economic crisis as serious as the recession that followed the banking crash of 2008.
Market analysts forecasting the demise of the euro and the break-up of the European Union are doing so on fundamentally flawed assumptions about European integration, economists and policy experts told CNBC.com.
Investors seem hopeful that something will actually come of this latest euro zone confab. But be careful what you wish for.
The Canadian dollar often rises when risk appetites are high - but this strategist says it's a safe haven against the messes in the U.S. and Europe.
Bulls are running in Europe and kiwis are lifting off - time for your FX Fix.
Politics has prevented a swift resolution to the Greek sovereign debt crisis that now threatens to engulf the monetary union, Myles Bradshaw, Senior Vice President and Portfolio Manager at PIMCO told CNBC.
The Bank of England's Monetary Policy Committee judged that recent economic weakness had reduced the chance that interest rates would need to rise in the near term, minutes to the BoE's July meeting showed on Wednesday.
International soccer authorities and law enforcement officials are struggling to combat rampant game fixing by what they describe as sprawling networks of organized crime, a problem that has plagued the sport for decades but appears to have intensified recently.
Doves are out in Australia and the euro's getting a lift - it's time for your daily FX Fix.
A tax on euro zone banks and cheaper, longer-dated official loans are the least risky way to provide extra funding for debt-stricken Greece, a confidential paper drafted ahead of a European summit showed on Tuesday.
Gold is likely to hit $1,650 an ounce by the end of the year and could even hit $1,700, according to one analyst.
The sun has set on Europe. And not a moment too soon. If not for the close of markets today, things might have become even uglier.
Last Wednesday, I recommended selling the euro against the dollar because the bad news in Europe was far from over. Here's an update.
A plan of "overwhelming force to let the markets know that once and for all you’re putting out the fire" in Europe, should start with letting Greece, Portugal and Ireland default, Neel Kashkari told CNBC Monday.
Plans for European countries to get out of debt, with Neel Kashkari, Pimco managing director.
I'm just back from summer holidays and at the risk of coming across as one-track minded, we’re going to talk about the eurozone once more. Its worries are still with us (not that they are going away, this year, next year or even by 2021. Not until they have fiscal, as well as monetary policy, union. But that is for another day!), and we can’t ignore them.
The UK's economy will grow by just 1.4 percent this year, less than expected, according to the influential Ernst & Young ITEM Club report, released on Monday.