NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other U.S. carriers who have cut service over the country's foreign exchange controls.» Read More
NEW YORK, July 11- The U.S. dollar was stable against the yen and the euro on Friday as Portugal's largest bank sought to reassure investors about its financial stability. Banco Espirito Santo said on Thursday night that loan losses to the troubled empire of its founding family would not put the bank at risk of running short of capital.
NEW YORK, July 11- Major global equities markets steadied and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank eased.
CNBC's Steve Sedgwick provides insight to the potential default at Banco Espirito Santo, and real worries of a domino effect around the world.
NEW YORK, July 11- The Japanese yen was stable against the U.S. dollar, after jumping on Thursday as Portugal's largest bank sought to reassure investors about its financial stability. Banco Espirito Santo said on Thursday night that loan losses to the troubled empire of its founding family would not put the bank at risk of running short of capital.
John Rutledge, Safanad's chief investment strategist, discusses how China's economy is impacting U.S. markets.
The yen was near a five-month peak against the euro as banking woes in Portugal drove equities lower and lifted demand for the safe-haven currency.
CNBC's Steve Sedgwick reports European shares pared losses as Banco Espirito Santo seeks to calm concerns over its capital position.
Jurrien Timmer, Fidelity Investments, and Steve Miller, AIG non-executive chairman, provide perspective on what would likely relieve the global economic malaise. Also Timmer shares his outlook on the markets.
Europe shares regain footing and Portugal shares post gains, reports CNBC's Karen Tso, with the latest update on Portugal's Banco Espirito Santo.
Patrick Chovanec, Silvercrest Asset Management, and Bruce Kasman, JPMorgan chief economist, share their outlook on the markets and economy. Also Kasman weighs in on Portugal's bank problems and explains why he thinks there's not a systemic threat in Europe.
Mark Grant, Southwest Securities, explains why the Portuguese bank crisis may spread to Brazil and Italy, but will not be a disaster for U.S. markets.
Portugal's bank woes raise concerns of another EU crisis, reports CNBC's Steve Sedgwick.
LONDON, July 11- Major currency markets were steady in Europe on Friday, having ridden out a day of ructions on European stock markets with only minimal moves on the euro and yen.
Beat Siegenthaler, FX strategist at UBS Investment Bank, discusses the currency trading opportunities amid market jitters across the globe.
SYDNEY/ TOKYO, July 11- The yen was poised to end the week higher on Friday, having jumped to a five-month peak against the euro overnight as banking woes in Portugal drove global equities lower and lifted demand for the safe-haven currency.
SYDNEY, July 11- The yen was poised to end the week higher on Friday, having lunged forward overnight as a fall in global equities lifted demand for the safe-haven currency. Fears over financial troubles at the family-owned holding companies behind Portugal's largest listed bank unsettled European markets on Thursday.
NEW YORK, July 10- The yen hit a five-month high against the euro and an almost two-month high against the dollar on Thursday after concerns about Portugal's largest listed bank and weak Italian economic data hit European shares.
CNBC's Michelle Caruso-Cabrera reports on all the market moving events in Europe today, including the possible restructuring of Banco Espirito Santo and the selloff in Portugal.
NEW YORK, July 10- U.S. stocks fell on Thursday, joining a European sell-off driven by troubles at Portugal's biggest listed bank, while prices of U.S. government debt rose and the Japanese yen climbed to a five-month high against the euro. Wall Street seemed to ignore government jobless claims data that suggested the U.S. labor market was perking up.
By 2025, 1.8 billion people will live in regions with water scarcity. The international community needs to act now, says Mikhail Gorbachev.