NATO and the U.K. have called on Russia to "de-escalate tensions", as the Ukrainian acting foreign minister, Andriy Deshchitsya, says Russia has rejected calls for negotiations and consultations.» Read More
Henning Meyer, senior visiting fellow for the department of government at London School of Economics, discusses whether a treaty change is necessary for a European banking union.
Group of Seven nations finance ministers agreed to tackle the issue of how to deal with failing banks and gave gave a green light to Japan's efforts to galvanize its economy.
Jack Lew, U.S. Treasury secretary, says Europe needs to find the right balance between austerity and growth and fix its credit market issues to boost its economy.
Jack Lew, U.S. Treasury secretary, comments on the Japanese monetary policy and adds that the U.S. "will keep an eye" on whether the policies remain "within the bounds" of international agreement.
Pier Carlo Padoan, chief economist at the OECD, tells CNBC that despite results which appear disappointing, they are not pessimistic as the G7 forecast in fact indicates an improving situation.
Lael Brainard, U.S. under-secretary to the treasury for international affairs, tells CNBC that all members of the G7 will adhere to this week's currency statement, while it's important to avoid "loose talk" on currencies.
Monetary policies must not be directed at devaluing currencies, the Group of Seven nations said in a statement aimed at cooling growing international tensions over exchange rates and prompting yen to surge.
While currency investors have been busy monitoring the euro zone mess, downward pressure has been building on the yen.
Greg Smith, Group CEO, Global Commodities Ltd says it's not a bad time to be buying commodities.
CNBC's Steve Liesman reports the latest developments from the G7 meeting on the global economy and financial markets.
Australia trims interest rates and Spain's bond-market woes worsen — it's time for your FX Fix.
Alec Young, S&P Capital IQ and Roger Altman, Evercore Partners chairman, discusses the growing anxiety in Europe, as G7 leaders and central bankers talk about the future of the euro zone.
The arm-in-arm effort by central bankers to increase U.S. dollar liquidity in Europe is essentially a band-aid solution, and the euro is already backing off its gains.
Some analysts believe the euro could be heading to a new lower range, as Europe grapples with its peripheral debt crisis.
Stocks ended a highly volatile August deeply in the red, fueled by continued worries about the European debt crisis and weakening global economy. September is expected to be more of the same.
International intervention in foreign exchange markets may only give brief respite to countries that are fighting an "unwinnable war" against currency appreciation, analysts told CNBC.com.
The yen is flirting with a key level against the dollar. Will central banks intervene?
Fears that the world economy is facing another downturn are being overplayed, despite the political upheaval caused by recent unrest in the Middle East and the earthquake and subsequent tsunami in Japan, Jim O'Neill, chairman of Goldman Sachs Asset Management, said.
CNBC's Steve Liesman takes a look at how economists are changing their forecasts in response to recent events.
The G-7's intervention has halted the yen's rise, but what happens next isn't clear. Here's how to trade.