TOKYO, Sept 19- Japan's economy is likely to rebound less than previously expected this quarter, while inflation will stay below the central bank's target well into the future, a Reuters poll showed, compounding worries about the sputtering recovery.» Read More
More social and political turmoil is likely in the future so commodities prices will continue rising, renowned investor Jim Rogers, CEO of Rogers Holdings, told CNBC.
Global inflation is far higher than official statistics reveal, Marc Faber, editor and publisher of the “Gloom, Boom and Doom” report told CNBC on Wednesday, with increases in the cost of living amounting to between five and eight percent in the United States and just below that in Europe.
Did the financial crisis change very much? That was the FT's Martin Wolf's question as he went to the annual meeting of the World Economic Forum in Davos last week. The answer is: yes. Above all, it has accelerated the arrival of our future.
The Spanish government is ready to implement further austerity measures to defend this year's budget deficit target and is confident that demand for Spanish bonds will stay strong, Jose Manuel Campa, Secretary of State for the Economy, told CNBC.
Risks that the troubles in Egypt may spread have increased and the uprisings have a negative effect on growth, as well as contributing to higher prices, economist Nouriel Roubini said.
Irish Finance Minister Brian Lenihan will press ahead with a plan to impose a 90 percent charge on bankers' bonuses when the budget bill is published on Friday, newspaper the Irish Independent reported.
World Bank President Robert Zoellick said Monday he hopes the global economy will have a sustainable recovery in 2011, but added he sees a number of dangers that could see his hopes dashed.
Swiss policymakers will hold an emergency meeting with key business groups, labor unions and representatives from the machinery, tourism and pharmaceutical sectors to discuss the Swiss franc's damaging impact on the Alpine country's economy Friday.
A lack of action on the US fiscal position could lead to a "buyers strike," according to Bob Parker, a special advisor to Credit Suisse.
Over three years of financial crisis have "drained the word’s capacity" to deal with further shocks according to the World Economic Forum’s closely-watched Global Risks Report.
Spain is different than other euro zone periphery countries as its fiscal position is strong, Matias Rodriguez Inciarte, vice chairman of bank Santander, told CNBC Wednesday in an interview.
Hey, did you hear? The U.S. today is like Japan in the 1990s. (Well, maybe not.)
Despite denials by the Portuguese Prime Minister Jose Socrates that the country will not be seeking financial aid from the IMF or the European Union, technical discussions are being held ‘quietly’ among European leaders about a possible bailout plan, the Portuguese newspaper Publico reported on its Web site.
Greek Finance Minister George Papanconstantinou sought to reassure investors over the country’s debt burden on Tuesday, saying spreads between Greek and German bonds were high because of broader market turbulence rather than real threat of default.
Investors have very short memories and the major economies of the world are not as strong as the markets would have us believe, Pedro Noronha, fund manager at Noster Capital, said Monday.
Problems in Europe could end up dragging growth in China, hit commodity prices and derail the nascent American recovery, according to Satyajit Das, the author of "Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives".
The euro zone debt crisis has been playing second fiddle to the US-led rise in global bond yields over the last month. Tax reform led to a sharp rise in US yields and other markets followed, but the ongoing crisis in Europe could again be dominating investor attention, according to Citi Chief Economist Willem Buiter.
Austerity measures put in place by peripheral euro zone countries will eventually bear fruit, but going forward bond investors will have to start getting used to taking losses on their principal, Erik Nielsen, the Chief European Economist at Goldman Sachs, told CNBC Friday.
Greece has become the world's riskiest borrower in the fourth quarter of 2010, surpassing Venezuela, while Spain, Portugal and Ireland were riskier than Iraq.
The Greek government announced Thursday it is shutting down bars and nightclubs in Athens that are guilty of tax offenses in an effort to put more teeth into revenue collection.