"We're fighting on" to get a deal with Greece, the head of the Eurogroup Working Group tells CNBC.» Read More
Will ECB Chief Trichet ruin your July 4th vacation along with the global economy and hike rates Thursday?
Stocks moved lower midday as oil and heating oil moved up. The dollar was also weaker, as the ECB is set to raise rates tomorrow. The key event today was the weakness in leadership groups. Today coal and energy stocks were notably weaker on no real news.
When European Central Bank President Jean Claude-Trichet announces his decision tomorrow on interest rates, investors will be paying far more attention to what he says than what he does.
U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown.
The world's biggest central banks are pulling in opposite directions and it seems their efforts are only contributing to one thing: a weaker dollar. Vote for your preferred central banker.
There is a risk inflation will "explode" if the European Central Bank does not act decisively to counter it, ECB President Jean-Claude Trichet was quoted on Wednesday as saying.
Is an ECB rate hike all but a done deal?
U.S. Treasury Secretary Henry Paulson said on Tuesday that discussions with European Central Bank chief Jean-Claude Trichet about inflation led quickly to food and oil prices, and he reiterated his respect for central bank monetary policy decisions.
Euro zone inflation jumped to a record high of 4.0 percent in June, cementing expectations the European Central Bank will raise interest rates this week despite slowing economic growth.
In Friday’s Web Extra find out how the traders are playing H&R Block, oil inventories, the ECB and more in the week ahead.
I just finished a quick hit on "Street Signs" with Erin Burnett. The Fed kept the Fed Funds rate unchanged but I like the statement they issued. I read it as saying the upside risk to inflation is more on their minds than anything else.
Inflation risks have increased in the medium term and the European Central Bank stands ready to counter inflationary pressures, ECB President Jean-Claude Trichet told the EU Parliament on Wednesday.
The markets have worked themselves into a frenzy of navel contemplation about today's Fed meeting, and the "consensus" seems to be investors are collectively worried about Ben Bernanke & Co. sounding too hawkish.
Germany may report a shrinking in its economy for the second quarter of this year and stagnation would probably be a positive outcome, Deputy Economy Minister Walther Otremba said on Tuesday.
In the view of a central banker, the worst thing about skyrocketing food and energy prices is not their rise, but that most people think higher prices are here to stay, the New York Times reported.
Euro zone services and manufacturing activity both fell unexpectedly into contraction in June, a key survey showed on Monday, although the weakness may not be pronounced enough to deter an ECB rate hike in July.
Surging food and fuel prices are a key concern of European Union citizens, but EU leaders must be honest that there are no quick fixes to the problem, European Commission President Jose Manuel Barroso said.1st paragraph of story should go here
German investor sentiment about the outlook for Europe's largest economy fell by much more than expected in June, a closely watched survey showed on Tuesday.
The euro zone unexpectedly swung to a trade surplus in April from a deficit in March, data showed on Tuesday, as the region's strong currency failed to subdue exports and imports expanded quickly.
An online petition urging the European Central Bank not to raise interest rates in July is gaining ground, with people from France, Spain, Italy but also from English-speaking countries adding their signatures.