The situation in Greece will deteriorate significantly, but Syriza has a big incentive to stay in the euro zone, experts told CNBC.» Read More
Population: 73,639,596 Currency: Lira Natural resources: coal, iron ore, copper, chromium, antimony, mercury, gold, barite, borate, celestite (strontium), emery, feldspar, limestone, magnesite, marble, perlite, pumice, pyrites, clay, arable land, hydropower Industries: textiles, food processing, autos, electronics, mining (coal, chromate, copper, boron), steel, petroleum, construction, lumber, paper
Nick Clegg and Vince Cable are leading a push to reopen talks on UK banking reforms in a move that could stoke coalition tensions. The FT reports.
Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.
For several years, the Wall Street wizards who built a faster, more fragmented stock market justified their creation by pointing to the benefits it yielded for investors in the form of lower trading costs, the New York Times reports.
Ministers are preparing to unveil a new package of measures to stimulate the flagging house-building sector next month, in an attempt to help drag Britain out of recession. The FT reports.
The NYMEX oil market is attractive for traders. The primary danger for trading this market is the volatility of price retreats from resistance levels. .
A federal grand jury in Iowa has indicted Peregrine Financial Group founder and former CEO Russell Wasendorf Sr. on 31 counts of making false statements to the Commodity Futures Trading Commission.
What is the weakest link in America’s financial system today? That is not a question many have asked recently. After all, US banks look pretty healthy these days, at least relative to the horrors of eurozone banks. And the unfolding Libor saga has dominated much of the political debate and regulatory attention. The FT reports.
The weak euro is boosting the sales and earnings of some of the continent’s biggest companies, helping offset weak demand from Europe’s crisis-hit periphery, the FT reports.
Short selling of European car stocks is at a two-year high, making the sector one of the most heavily shorted in Europe, as traders bet slowing growth will hurt even the continent’s profitable producers, the FT reports.
G20 countries are to step in to try and co-ordinate a response to surging food prices, after the worst U.S. drought in half a century devastated crops in the world’s largest agricultural exporter, the Financial Times reports.
The City watchdog will on Friday fire the starting shot on a dramatic overhaul of key benchmark borrowing rates with a package of proposals designed to restore trust following the recent Libor scandal, the Financial Times reports.
Standard Chartered has sought advice about whether it can pursue a legal action against the U.S. regulator that on Monday accused the British bank of being a rogue institution which had funded $250 billion of Iranian sanctions breaches. The FT reports.
Gold bugs may hate to admit it, but their favorite has become just another financial asset, and one whose price has simply become too rich to be a haven any longer.
Global stocks have been rallying in recent weeks, climbing a “wall of worry” and confounding the bears, leading a number of strategists to warn the gains are unlikely to last and investors should remain cautious.
Several senior British MPs accused U.S. regulators of pursuing an anti-City of London agenda in its assault on Standard Chartered, suggesting it was part of an apparent campaign to weaken a rival financial center. The FT reports.
The Chinese market is likely to consolidate on Wednesday ahead of of a batch of July data Thursday and after three days of gains.
Refunds of mis-sold payment protection insurance are doing more to boost Britain’s stuttering economy than government initiatives to stimulate growth, official and bank data show, the Financial Times reports.
The DOW faces significant resistance barriers which place limits on the upside in this market.
Confidence is strengthening in the Chinese market after two days of gains of more than 1 percent.