Gold hovered above a near-four-week low on Wednesday, due to a stronger dollar and hopes of progress in the Greek debt crisis.» Read More
While the Greek sovereign default saga steadily trundles along its course, contagion is not the only problem European policymakers are going to have to struggle with. The Euro Area recovery is slowing, and fast, writes Edward Hugh, independent economist.
Dennis Gartman, the Gartman Letter, explains why the euro will hit new lows.
The Canadian dollar is poised to beat very low expectations, unlike one major currency we could name.
The official biographer of Dominique Strauss-Kahn believes he is a "French lover" rather than a rapist.
The situation facing European countries like Greece and Portugal is directly comparable to the economic crisis which hit Latin America in the late 1990s, Andy Brough, co-head of Schroders’ Pan European Small and Mid Cap team, told CNBC Wednesday.
The biggest question in any debt crisis is whether a credible path back to solvency can be found. For Greece, this now seems very unlikely, the Financial Times reports.
Brazil is preparing a range of additional measures to stem the damaging rise of the real as the global currency war shows no signs of ending, according to Guido Mantega, the country’s finance minister, reported the FT.
Markets, commodity prices, and growth related currencies rebounded last week on the back of good news when the Greek Parliament passed the latest austerity package.
Evangelos Venizelos, who was brought in as Finance Minister of Greece two weeks ago, said Greece's part in the euro zone was "not reversible" in a first on CNBC interview Tuesday.
The current situation in the euro zone is "untenable" and policymakers will have to either pursue greater European economic integration or see countries exit the euro, George Magnus, Senior Economic Advisor, UBS told CNBC Tuesday.
Growth in the euro zone's dominant service sector slowed for a third straight month in June, and by more than an initial estimate, with sluggish new orders dimming the outlook, a survey showed on Tuesday.
The European Central Bank will continue to accept Greek debt as collateral for loans unless all the major credit rating agencies it uses declare it to be in default, said a senior finance official to the Financial Times.
"Risk on" and "risk off" continue to be debated and the weakness of the global economy is weighing on investors, but European high yield corporate bonds are enjoying something of a rally.
A Greek default is coming and the European authorities trying to avoid it will have to face up to it eventually, a leading economist told CNBC Monday.
Little by little, the woman's credibility as a witness crumbled — she had lied about her immigration, about being gang raped in Guinea, about her experiences in her homeland and about her finances, officials told the NY Times.
The week's top business news and investment advice, including end of QE2 plays, European equities, financial favorites and more.
The euro had a big runup after the Greek crisis was temporarily resolved, but traders are flummoxed about next moves.
CNBC's Scott Cohn discusses what happens next in the Dominique Strauss-Kahn case, with NBC's Jonathan Dienst and CNBC.com's John Carney.
Warren Buffett famously said: "It takes 20 years to build a reputation and five minutes to ruin it."
The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.