Recession
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LONDON, May 14- Brent crude oil fell towards $102 per barrel on Tuesday, depressed by worries over the prospects for global economic growth and demand after a bearish report from the West's energy watchdog.
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LONDON, May 14- Brent crude oil fell below $103 per barrel on Tuesday, depressed by worries over the prospects for global economic growth and demand after a bearish report from the West's energy watchdog.
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LONDON, May 14- Brent crude oil fell below $103 per barrel on Tuesday, depressed by worries over the prospects for global economic growth and demand after a bearish report from the West's energy watchdog.
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Sharan Burrow, general secretary of the International Trade Union, tells CNBC that five years in to the economic crisis, austerity has failed, international institutions have failed and there's a humanitarian crisis.
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*Large economies of Russia, Poland, Turkey lead slowdown. ISTANBUL, May 10- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy. "It's really a story of three big countries- Russia, Poland and Turkey.
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John Lonski, Moody's Capital Markets Research Group; and Joseph Tanious, J.P. Morgan Funds, express their views on the Fed's policy to support Treasury bonds and its impact on the economy.
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CNBC's Rick Santelli shares his reaction to Bernanke's comments that he would keep an eye out for yield, and wonders if the Fed can regulate the marketplace with "accuracy."
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Fed Chairman Ben Bernanke answer question on how the Fed monitors "bubbles" in the economy and "systemic risk" in the markets. Also, Bernanke shares his views on "too big to fail" and breaking up big banks.
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Fed Chairman Ben Bernanke discusses the "legacy" of the financial recession and job loss; and how the Dodd-Frank Act impacted banking regulations and the structure of banking.
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LONDON, May 9- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy.
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Italy's economy minister said he did not believe additional tax hikes and spending cuts would be necessary in 2013.
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May 7- Britain may well come to regret the exceptionally long gap between Governor of the Bank of England-to-be Mark Carney's appointment in November and his first day on the job in July.
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NEW YORK, May 6- The U.S. dollar rose against the yen and euro on Monday and U.S. stocks closed at a new record as the outlook for the U.S. economy continued to brighten following last week's strong jobs report. Financial shares led the way on Wall Street, with Bank of America up 5.2 percent after it reached a settlement with bond insurer MBIA Inc..
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NEW YORK, May 6- The U.S. dollar rose against the yen and euro on Monday and U.S. stocks were set to close at a new record as the outlook for the U.S. economy continued to brighten following last week's strong jobs report.
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LONDON, May 6- The dollar rose against the yen on Monday as optimism about the U.S. economy resurfaced after Friday's above-forecast jobs data while the euro struggled on more evidence of euro zone weakness. But volumes were thin due to holidays in Japan and the UK. This brought it nearer the 100 yen mark that has been strong resistance in recent weeks.
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ROME, May 6- Italy's economy will contract by 1.4 percent this year and post a timid recovery in 2014, national statistics institute ISTAT forecast on Monday.
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Eric Chaney, chief economist at AXA Group, tells CNBC that the decisions taken by the Hollande government have been 'all wrong' for the French economy.
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*Spain, Netherlands, France seen in recession in 2013. BRUSSELS, May 3- France will get two more years to meet its budget deficit target because of the country's poor economic outlook within a recession-hit euro zone, the European Commission said on Friday.
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*Spain, Netherlands, France seen in recession in 2013. BRUSSELS, May 3- France will get two more years to meet its budget deficit target because of the country's poor economic outlook within a recession-hit euro zone, the European Commission said on Friday.
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*France seen in small recession in 2013. *France, Portugal, Italy to cut deficits more slowly. France, Spain, Italy and the Netherlands- four of the five largest euro zone economies- will be in recession through 2013, the Commission's forecasts showed, with only Germany, the largest euro zone economy, managing to eke out growth.