Many shale-rich countries face a dilemma, says a new report. It might mean a choice between fracking for energy or having enough water to drink.» Read More
MF Global’s chief risk officer urged senior executives and the company’s board to pare back its $6.3 billion proprietary bet on the debt of troubled European nations roughly three months before the futures broker declared bankruptcy, according to his prepared congressional testimony, the Financial Times reports.
Stocks came off their worst levels but still finished narrowly mixed Tuesday, after a handful of disappointing economic news weighed on the market. Despite the session's lackluster performance, the Dow and S&P are still posted their best January since 1997. In addition, all three major averages logged their best monthly gains since October.
U.S. stock index futures held their early gains Tuesday as investors seemed unfazed following a report that showed home prices continued to decline. Futures were buoyed by renewed hopes for a deal between Greece and private sector creditors, and after the approval of a new euro zone budget discipline pact.
Stocks cut most of their earlier losses, but still finished in negative territory Monday as ongoing worries over the euro zone debt crisis kept investors from fully jumping in.
Stock index futures slumped Monday, tracking losses in Europe and Asia, amid renewed worries over a second bailout package for Greece.
With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is going to pay out, the New York Times reports.
No country will exit the euro zone this year but a solution to the debt crisis remains elusive, Jim Rogers, CEO and chairman at Rogers Holdings, told CNBC Monday.
The demand for energy is expected to double in the next 40 years globally, as populations grow and access to electricity increases, yet a large-scale, safe alternative to fossil fuels has yet to be built.
Stocks finished mixed Friday, as investors digested a handful of tepid earnings and economic reports in addition to ongoing jitters in the euro zone. The S&P and Nasdaq posted their fourth weekly gains, while the Dow finished in negative territory for the week.
During Europe's financial crisis the European Central Bank has been "an anchor of stability and confidence," former president Jean-Claude Trichet said.
Volatility has become a way of life, but people still have to eat. That's why sales at Dupont's agricultural businesses, including seed and insecticide, have been strong, according to CEO Ellen Kullman.
A deal with private investors to swap Greece's debt to a more manageable burden is close to being concluded and the next three days are crucial, Olli Rehn, the European Union's monetary affairs commissioner, said during a debate hosted by CNBC in Davos.
The biggest risk brought on by the euro debt crisis is "Balkanization" – the fragmentation of economic interests according to narrow, mainly national criteria, UK Chancellor George Osborne told CNBC Friday.
There is widespread disappointment in the economy's performance in the fourth quarter, reports CNBC's Steve Liesman. Analysis on the data with Jim Paulsen, Wells Capital Management and Tom Porcelli, RBC Capital Markets.
Proposals for a tax on financial transactions in the euro zone will become reality, Wolfgang Schaueble, Germany’s finance minister, told CNBC at the World Economic Forum in Davos Friday.
U.S. stock index futures retreated Friday, erasing their early gains, after the GDP report showed the economy grew less than expected in the fourth-quarter.
There is still a long, hard struggle ahead to fix the U.S. and Europe’s economies, Larry Summers, the Harvard University professor and former Treasury Secretary, told CNBC at the World Economic Forum in Davos Friday.
The European Union's Commissioner for Competition dismissed criticism that moves to block the merger between NYSE Euronext and Deutsche Boerse were indicative of a Europe-wide problem of being too difficult on regulation.
Aluminium prices will remain stable for the first half of 2012, and will rise in the second half, Oleg Deripaska, CEO of Rusal, the world's largest aluminium producer, told CNBC.
Young people should work for free for up to two years to gain experience, youth and business leaders said at the World Economic Forum in Davos Thursday.