The euro has continued to strengthen with strategists debating whether the boost was from China's move to diversify its foreign holdings.» Read More
The euro will keep rising and will likely end the year at up to $1.50, as the European Central Bank pursues a highly deflationary policy, despite buying euro-denominated bonds, economist Warren Mosler, founder and principal of broker/dealer AVM, told CNBC.com.
If there is any lesson the Germans should have learnt from two lost wars and the Great Depression, then it is that they must avoid inflation.
Every week without fail Lucy Elkin, a comfortably middle-class mother of two small children, receives a £33.20 child benefit payment, or about $52, from the debt-plagued British government, reports the New York Times.
Finance ministers and central bankers from the G20 nations are considering raising capital levels 2 percent to 3 percent higher for the world’s biggest banks, CNBC has learned.
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.
This time of September is always one of the busiest but most exciting times of the year as fall in New York kicks off with a decidedly international flavor. Last week, New York was home to two important events: the opening of debate at the U.N. General Assembly and the annual meeting of the Clinton Global Initiative.
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The question whether the single European currency will survive the current crisis is "silly", Otmar Issing, president of the Center for Financial Studies and a former ECB board member told CNBC.
Fault lines in Spain's fiscal health were "exaggerated" by markets, Spanish Prime Minister Jose Luis Rodriguez Zapatero told CNBC Wednesday, adding that a stiff set of austerity measures adopted by the country have already boosted investor confidence.
Demand may be strong for bonds issued by periphery euro-zone countries but those countries must restructure their debt at some point because yields are unsustainably high, two economists told CNBC Wednesday.
The European Union's proposals to revamp the derivatives sector are actually likely to benefit the banks that are already too big to fail, risk consultant Satyajit Das told CNBC Thursday.
Vulture investor Wilbur Ross, along with private equity firm Carlyle and Dublin-based Cardinal Group, will buy troubled Irish bank Education Savings Bank, Ross told CNBC Wednesday.
In two weeks, Alexandra Mallosi, 29, will be packing her bags and leaving the quiet Athens suburb of Holargos for Abu Dhabi to start a job as a hotel sales manager. It was not a tough decision, reports the New York Times.
Governments that bolstered their countries’ ailing institutions impacted by the financial crisis need to step back and give the private sector a chance to innovate and rebuild, former UK Prime Minister Tony Blair told CNBC Tuesday.
Eurozone members that break the region's rules on public finances should be excluded temporarily from Europe’s political decision-making, the president of the European Central Bank has proposed. The FT reports.
The one thing they won’t tell me, or more accurately can't tell me is the one thing I came to Dublin to find out: just how big is the Irish banking black hole?
The Swiss franc's safe-haven reputation helped it hit a new high against the euro, but the currency's strength risks hurting those who have relied on its vigor.
For years, Anissa Benchamacha bought her meat in a parking lot, from vendors hawking near-expired products to Muslims eager to find food that met their religious requirements.
The United States fell two places to fourth position behind Switzerland, Sweden and Singapore in this year's World Economic Forum's "Global Competitiveness Report."
The new rules that will be imposed on banks to ensure a crisis like the one that started in 2007 will not be repeated are necessary, but they will take time to implement, Unicredit CEO Alessandro Profumo told CNBC at a banking conference in Frankfurt.