Japan approved $29 billion of stimulus spending to help lagging regions and households, but analysts are skeptical of how much of a growth boost it will offer.» Read More
Oil prices are driven by a supply shock rather than increased demand due to a stronger world economy, so investors in currencies look to "risk" rather than "macro" factors, David Bloom, global head of foreign exchange research at HSBC, wrote in a market note.
Currently, oil prices are just as likely to rise as to fall and, consequently, there's a 50 percent chance that recent rises in European inflation are behind us, according to Carl B. Weinberg, chief economist at High Frequency Economics.
Foreign ministers from the Gulf Cooperation Council are expected to discuss an aid package in Riyadh, Saudi Arabia later Thursday, focused on help from the four countries with fortunate annual budgets to the other two: Oman and Bahrain.
The moment of truth for Europe's sovereign debt crisis may be far closer than investors think.
The European Central Bank's warning that a rate increase is possible next month is the correct answer to rising inflation risks, Axel Weber, the head of the Bundesbank, told CNBC Tuesday.
One month after Bundesbank president Axel Weber announced he was stepping down, saying goodbye to his chances of running the European Central Bank, many in the markets miss him already.
The West is poorly positioned to handle this latest oil price scare. The buffers which typically limit downside economic risks are no longer working.
European Central Bank President Jean-Claude Trichet talks about rate rises to fight inflation, while Federal Reserve Chairman Ben Bernanke is still more worried about unemployment.
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A mountain of debt is growing but because it is off governments' balance sheets it has been so far ignored, Albert Edwards, global strategist at Societe Generale, said.
The European Central Bank should not raise interest rates in its next meeting because it risks widening the gap between struggling periphery economies and the stronger ones at the center of the euro zone, economist Nouriel Roubini told CNBC Friday.
Periphery euro zone countries are seriously ill and will have to default on their debt at some point, Satyajit Das, a risk consultant and author of "Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives" told CNBC Thursday.
Egypt’s stock market is braced for a possible sell-off of shares when trading resumes on Tuesday after being closed for more than a month because of the country's political crisis.
Ireland goes to the polls on Friday in a general election expected to sweep the ruling coalition from power – the first defeat for a eurozone government since the onset of the debt crisis.
The collective bargaining process with public sector unions needs to be restructured to keep labor unions from “bankrupting states,” Sen. Ron Johnson, (R-Wisc.), told CNBC Wednesday.
An unfortunate turn in Swiss-Libyan diplomatic relations in 2008 may now have a silver lining for the Alpine economy.
The second leg of the US housing downturn will continue throughout the year and could be nasty if a vicious circle of falling prices and rising foreclosures continues, according to Capital Economics.
Following in the footsteps of Greece and Ireland, the Portuguese market looks set for a speculative attack, Silvio Peruzzo, European economist at RBS in London, told CNBC.
If previous EU responses to the euro crisis are any guide, investors should not be expecting a highly-coordinated, shock-and-awe approach like those we have seen from the US authorities.