CNBC's Julia Chatterley reports on the celebration in Athens in support of the "no" vote leading the referendum.» Read More
The euro will collapse as a currency unless lawmakers, and especially Germany, can agree a common European tax regime and restructure some sovereign debt, a leading market analyst told CNBC.com after the European Central Bank intervened in the markets.
The European Central Bank is not worried about the health of the euro zone as a whole and it will stick to its role of fighting inflation, ECB president Jean-Claude Trichet told CNBC in an interview Thursday.
Deutsche Telekom's CEO Rene Obermann is confident that the sale of its US unit T-Mobile USA to AT&T will get regulatory approval, he told CNBC Thursday.
The price of gold could almost double as central banks' reserves are depleted, according to the chairman of a gold industry association.
July's rate hike could well have been Jean-Claude Trichet's last as president of the European Central Bank, but markets will be watching for signals that the bank is preparing to take some role in future interventions in European markets, economists and analysts told CNBC.com.
For Angela Merkel there are few things which are as set as her summer holidays. She always leaves Berlin for two weeks with her invisible husband for a hiking holiday in the Tyrol Alps.
Events on Wednesday could prove crucial to attempts to again come to grips with the European debt crisis, after Italian borrowing costs hit a 14-year high on Tuesday.
He has survived criminal charges and if you believe all the stories, bunga bunga parties, but could the latest debt crisis be the final nail in the coffin for Silvio Berlusconi's political career?
Markets are likely to keep up the pressure on Italy and Spain and the European Central Bank seems to be the only authority that could act quickly, analysts told CNBC.com Tuesday.
Progress on the Greek government's structural reform program has been "impressive" and could succeed in reducing the country's debt to GDP (gross domestic product) ratio to sustainable levels, the Organization for Economic Cooperation and Development (OECD) said Tuesday.
Developing markets will make up half of the world's biggest liquor maker's revenue in the next three years, as their consumption is rising while in some developed states consumers are suffering, the CEO of Diageo, Paul Walsh, told CNBC on Tuesday.
Amid signs that the European debt crisis -- which already has seen Greece, Ireland and Portugal seek aid from the European Union and International Monetary Fund -- is now spreading to Italy, analysts at Goldman Sachs are predicting that while painful, debt consolidation will succeed as soaring borrowing costs force governments to act.
As the world waited for news on whether the House would pass the debt ceiling deal on Monday, stocks in Italy came under heavy pressure with the country's banks again seeing heavy losses.
The financial markets don't know which way to look. On either side of the Atlantic we have a debt disaster that would on its own be a recipe for short fingernails or worse. But despite Monday's headlines, it is Europe that presents the far greater risk to the global economy.
Should the return from a government bond should always sit below that of a bank asset? The almost universal answer to this question is yes, but this is not always the case, writes Moorad Choudhry, Head of Business Treasury, Global Banking & Markets, Royal Bank of Scotland.
Shares in French Bank Credit Agricole fell in early Paris trade on Friday after the group announced it took a hit in the second quarter for an expected loss at its Greek Emporiki Bank unit and its participation in an EU-led rescue plan for Greece.
European stocks are expected to fall sharply at the open on Friday, following the rebel Republicans' refusal to back a budget plan proposed by congressional leaders
European stocks were expected to open lower on Thursday, adding to losses from Wednesday's session which was dominated by fears over the US debt ceiling.
The Fast Money traders weigh in on Juniper's downgrade, Cisco, Corning, Dunkin, and Amazon, and Dan Dicker, MercBloc with a trade on oil. Also, Greece is downgraded once again, reports CNBC's Michelle Caruso-Cabrera.
London has been waiting for the Olympics since they were awarded to the UK's capital by the International Olympics Committee in 2005.