CNBC's Eunice Yoon reports on all the market moving events from Asia, as the Chinese yuan hits new highs against the U.S. dollar.» Read More
The Federal Reserve, which has encouraged excessive borrowing, is to blame for the credit crunch that has gripped world markets for more than a year, Marc Faber, the author of the Gloom Boom & Doom Report, told CNBC on Tuesday.
The government takeover of mortgage finance companies Fannie Mae and Freddie Mac shows the need for more government intervention in the financial sector, French Finance Minister Christine Lagarde told CNBC Europe in an interview.
Europe cannot decouple from the US, and current indicators point to a worse slowdown for the euro zone economies than for the United States, according to Jim O’Neill, Head of Global Economics at Goldman Sachs.
Like the title says, you thought it was bad here? Europe’s top companies (the FTSEurofirst 300 index) sank 2.6 percent on Thursday, to end at the lowest closing level since...
The dual mandate of the Federal Reserve is "too complicated a job for central banks to do, where the temptation to act opportunistically becomes almost irresistible," while inflation-targeting is the right objective for a central bank, former MPC member Professor Willem Buiter told CNBC Europe in a television interview.
Even if the European Central Bank holds rates on Thursday the euro's supremacy on the currency markets is close to an end, analysts said on Wednesday.
The European Central Bank looks set to leave rates on hold on Thursday but the move is unlikely to contribute to a strengthening of the euro, as the signs of weakness in the euro zone economy intensify. Vote on which currency will gain the most by the end of the year.
The head of the European Central Bank should be running the Federal Reserve because he is doing a better job at protecting his economy, investor Jim Rogers, CEO of Rogers Holdings, told "Squawk Box Europe" on Friday.
Governments across the world are grappling with how to boost dwindling economic growth, designing rescue packages aimed at fending off recession. Which country do you think is doing the best job?
The euro zone economy recorded its first ever contraction in the second quarter, pulled down by falling activity in its biggest economies, which could lead to a technical recession.
With the economic slowdown weighing more on Europe, the ECB decided to hold its interest rates at a seven-year high of 4.25%. Here are some world interest rates as a point of comparison.
The European Central Bank is widely expected to keep interest rate on hold Thursday, but is monetary policy really the most important thing for the future of the Euro-Zone economy?
Euro zone inflation jumped to another record high of 4.1 percent year-on-year in July as forecast, data showed on Thursday, but a bleak economic outlook may discourage interest rate increases this year.
The European Central Bank and the Swiss National Bank will offer banks long-term loans in dollars in an extension of coordinated efforts with the U.S. Federal Reserve to ease money market tensions.
The euro zone economy appears to be taking a hammering as a key business survey released on Thursday painted a deteriorating picture, coming in well below analysts' expectations.
A quick, decisive, Fed-led program of dollar purchasing would stabilize the currency and re-set levels for the 40-plus nations pegged against it. It would bring oil prices down by an estimated 20 to 30 percent.
The euro zone posted an unadjusted trade deficit much wider than expected in May as imports grew at more than double the rate of exports, data showed on Friday.
Ireland is still a good place to invest and can compete globally despite the country's recent rejection of the Lisbon Treaty and stalling economic growth, Irish Prime Minister Brian Cowen told CNBC.
Euro zone economic growth is likely to be weak in the second and third quarters before staging a recovery, and second-round inflation effects need to be prevented, ECB President Jean-Claude Trichet said.
This is not a time to get stressed about losing money – but to refocus on who is still generating sustainable earnings.