Market participants in Asia remained focused on China, where a recent spate of soft data has raised concerns about the outlook for growth, in addition to lingering fears about the impact of the government's efforts to cool the property market.» Read More
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.
Fears of a second round of the financial crisis are misplaced and investors shouldn't bank on another tranche of quantitative easing from the Federal Reserve, Guy Monson, managing partner & CIO at Sarasin & Partners, told CNBC Thursday.
Large swathes of Britain's service sector suffered their first fall in output since April 2009 last month, a major survey showed on Thursday, pointing to a sharp slowdown in economic growth at the end of 2010.
The euro zone's strategy of slashing spending to reduce debt in the wake of the credit crisis is "clearly wrong" and is likely to be counterproductive for the region’s economic growth, Nobel prize-winning economist Joseph Stiglitz, told CNBC Thursday.
Federal Reserve Chairman Ben Bernanke may resign in late 2011 as deflation continues to dash hopes of strong economic growth in the U.S. economy, Jim Walker, founder and CEO of Asianomics, told CNBC Friday.
Prime Minister David Cameron has pledged to prioritize jobs and economic growth in 2011, but his New Year's message warns of tough times ahead with harsh budget cuts needed to tackle Britain's massive deficit.
It is what will lead the U.S. economy to a self-reinforcing virtuous cycle of increases in production, income, and spending, and it is what will enable risk assets to continue to outperform less risky assets. This condition will prevail for a while. The path to successful investing is to ride these trends and get off before they are discredited, says bond expert Tony Crescenzi.