The European Central Bank has room to cut interest rates further, Executive Board member Peter Praet said on Tuesday, adding that the central bank is paying "great attention" to euro zone inflation.» Read More
The leading party in Ireland's national election campaign wants to spread the pain from the nation's bank collapse to investors in bank bonds.
Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market.
As Bernanke faces heat over his policies, which some believe is causing inflation around the world, investors wonder whether the rally will continue, with David Katz, Matrix Asset Advisors; Barry Knapp, Barclays. and CNBC's Guy Johnson.
The Egyptian military defends the country, but it also runs day care centers and beach resorts. Since the ouster last week of President Hosni Mubarak, of course, the military also runs the government. And some say it has already begun taking steps to protect the privileges of its gated economy, reports the New York Times.
Spanish savings banks, which have been ordered to raise more capital by the government, are facing an uphill struggle to persuade investors to help them improve their balance sheets, reports the New York Times.
The woes of WestLB, which has received $11 billion in taxpayer support since 2009, are symptomatic of a larger problem in the German economy. Many of its biggest banks are still on government life support after making bad lending bets during the bubble years. The New York Times reports.
"While valuations are not yet stratospheric we question where the support may come from for continued earnings growth in 2012 and 2013," Pedro de Noronha, managing partner at Noster Capital in London, said.
The French financial markets regulator has begun to require hedge funds and other investment managers to disclose their short positions when they reach 0.5 percent of a company’s outstanding stock, reports the New York Times.
A central banker need not be loved, but at the least he should command respect — and in Britain these days Mervyn King cannot count on either, reports the New York Times.
Employers in many sectors of the German economy are facing labor shortages, under the dual pressures of an aging population and inflation-fighting measures that have kept wages low in comparison with its neighbors. The NYT reports.
As protests continued for a 12th day, Egypt's newly named vice president and other top military leaders were discussing steps to limit President Mubarak’s decision-making authority and possibly remove him from the presidential palace in Cairo, the NYT reports.
When the heads of the EU meet in Brussels on Friday, they will hear new ideas on how to save the euro, delivered by Mrs. Merkel and the French president, Nicolas Sarkozy, but written largely in Berlin, reports the New York Times.
Retiring in another country used to be a foreign concept to most Americans but it’s becoming more common thanks to two main factors: the Internet and the economy. "All you have to do is think outside the border," one expat said.
Lewis said he found it “amazing” that the Irish government has “socialized” the banks—some $80 billion in senior and subordinated debt—and made it the financial responsibility of Irish taxpayers, who didn’t create it.
The European Central Bank suspended its emergency purchases of euro zone government bonds last week as the debt crisis eased, allowing it to focus on combating rising inflation, reports the Financial Times.
Some accuse the Mubarak government of deliberately fanning class tensions to create demands for the restoration of its brutal security state. But such resentments have built up here for nearly a decade. The NYT reports.
An overwhelming majority of business and financial leaders from around the world think there is a chance that one or more eurozone countries will leave monetary union over the next three years, reports the Financial Times.
Europe’s banking system is returning to health amid signs that financial institutions are no longer hoarding cash, according to key indicators, reports the Financial Times.
The use of technology and learning from other countries are two good ways to boost the US education system, Bill and Melinda Gates, cofounders of the charitable organization the Bill and Melinda Gates Foundation, told CNBC Friday.
Top management at Google plans no major changes in its direction, even though two of the top executives shifting roles in April, CEO Eric Schmidt told CNBC Friday.