Small business owners from Dublin to County Mayo complain Ireland is not going to get its economy back on track by letting bankers hoard cash.» Read More
Veracruz founder Steve Cortes thinks so and here's how he's trading it.
The European Central Bank’s reluctance to consider further monetary easing exacerbates the problems the euro zone is currently facing, economist Nouriel Roubini told CNBC Thursday.
Patrick Honohan, Ireland’s central bank governor, on Wednesday put a “For Sale” sign over the country’s ailing banks, stressing that foreign ownership of the troubled sector was “not as far-fetched a scenario as it might appear to some”, reports the Financial Times.
The United States should tax purchases of yen, yuan and euro used to import goods from those three economies. Set it at about 40 percent until the Gang of Three agrees to acceptable exchange rate reforms.
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.
Fears over the health of the euro zone bond market intensified after one of Europe’s biggest clearing houses warned investors they could be compelled to stump up more money to trade in Ireland’s debt. The FT reports.
Germany is pushing to let hopelessly indebted governments do exactly that — admit they can't pay and hit bond investors with the costs instead of taxpayers.
The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.
Despite the euro zone's recovery still looking very fragile, the central bank's key playmakers seem determined to talk about pushing policy back onto a more "normal" footing.
A combination of better data than expected, China’s pledge to buy the country’s bonds and hopes that international bail-out loans will be extended have boosted investor sentiment. The Financial Times reports.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.
This year’s rescue plans for Greece and the euro zone were driven partly by rising US anxiety about the risks to global financial stability stemming from Europe’s slowness to take action. The FT reports.
Investors in euro zone bond markets stand accused of letting “animal spirits” affect their judgment on the risk of a European debt default. The FT reports.
Stocks declined after a volatile session, but ended the month with the best September results in 71 years. American Express and Caterpillar fell.
Stocks declined as the session end neared as quarter-end rebalancing, and profit-taking, caused the markets to waver despite positive economic news. American Express and Caterpillar fell.
Stocks extended losses on the last trading day of the session despite a series of economic reports providing evidence of returning strength in the U.S. economy. Caterpillar and Hewlett-Packard fell, while Boeing rose.
U.S. stock index futures rose after the government report jobless claims were better than expected, and the reading on second quarter GDP was revised slightly higher.
If a global double dip happens, the downside on corporate junk is much more daunting than it is for sovereign debt.
The sovereign debt crisis, wrecking havoc on some periphery euro zone member states, could turn out to be a positive for many core European counties, Karen Olney, chief European equity strategist at UBS, told CNBC Wednesday.
Ireland will unveil on Thursday a fresh taxpayer-funded recapitalization of Anglo Irish Bank, the institution at the centre of the country’s property meltdown, amid rising alarm over the country’s financial health. The FT reports.