Spain's debt rating is cut, the G20 is all about Europe, but the sun in shining in Singapore — it's time for your FX Fix.
G20 finance ministers will meet in Paris at the end of the week to put the finishing touches on the economic reform agenda, prior to the November summit. In addition, the EFSF is set to get the final rubber stamp when Slovakia's parliament votes on the fund. Sarah Hewin, head of European research at Standard Chartered Bank, and Patrick Armstrong, managing partner at Armstrong Investment Managers, joined CNBC to discuss.
As the sovereign debt crisis is hits Europe and the idea of a double dip recession is starting to spread all over the world, G20 labor ministers gathered in Paris on Tuesday said job creation, particularly by small enterprises, was crucial in overcoming the financial crisis and warned that austerity measures needed to be balanced with the creation of jobs.
Risk is back on the table after a terrible end to last week for the bulls. Following news of "Operation Twist" from the Federal Reserve, the market sold off aggressively, adding the pressure on policy makers as they met in Washington over the weekend to try and find a plan to avert a euro zone sovereign debt and banking crisis.
Inflation hints from Europe spell good news for the euro, but not so much for the dollar or the yen. Time for your daily FX Fix.
Poll: Will a sustained $100 oil crimp the global economic recovery?
G20 finance ministers concluded meetings over the weekend in France where they highlighted the key role of exchange rates, monetary and fiscal policies in determining whether a country's policies lead to imbalances.
In case you haven't been paying attention to the IMF's proposals for changes to Special Drawing Rights - and really, who has been? - here are some reasons you should.
World power is at a point where neither a single nation nor a block of countries will be able to drive their own agenda, Ian Bremmer, president of Eurasia Group, told CNBC on Tuesday.
The Group of 20 industrialized nations is on its way to obsolescence and the world is at a point where neither a single country nor a bloc of countries will be able to drive an international agenda, according to Ian Bremmer, president of Eurasia Group, and Nouriel Roubini, chairman of Roubini Global Economics.