President Jacob Zuma said Mandela would be buried on December 15 at his ancestral home in the Eastern Cape.» Read More
The British Prime Minister David Cameron defended the coalition government’s austerity plans on Wednesday telling delegates at the Conservative party’s annual conference in Manchester: “Our plan is right, and our plan will work.”
Michael Lewis, acclaimed author of "Moneyball", "The Big Short", "The Blind Side", "The New, New Thing" and the iconic "Liar's Poker" is now out with his latest book, "Boomerang: Travels in the New Third World" - an illuminating look at the global financial meltdown.
There is a reason the Occupy Wall Street movement has taken root so quickly and spread far and wide so rapidly – people are fed up. We are sick of shouldering the burden of an economic crisis caused by a few. We are tired of watching the wealthiest 1% receive tax cuts, while the rest of us face job cuts, pay cuts and cuts in vital services. And we are ready to do something about it.
Bank of France Governor Christian Noyer has been met with skepticism over her insistence on Wednesday that French banks are generally in good health and that the French central bank — as well as Belgium's — would back troubled lender Dexia in order to ensure it has enough liquidity.
When chancellor of the exchequer, George Osborne, got up to speak at the Conservative party conference on Monday, he knew he had to tread a fine line between optimism that the British economy could recover and wasn’t going to fall into a "double-dip" recession, versus facing down calls from the Liberal Democrats to ease public spending cuts and those on the right of his own political party calling for an end to the 50p tax rate at the very least.
Sen. Robert Casey, (D-PA), and joint economic committee chairman, discusses Fed chief Ben Bernanke's testimony before Congress, specifically his views on China's "fixed" currency. "I was pleasantly surprised that he was as forthcoming on that issue," says Casey. "He talked about the impact of China's policy on the world recovery." He also added that when China cheats on its yuan valuation, his constituency in Pennsylvania, loses jobs.
"It may be easier for policymakers to recapitalize all the banks and let Greece default in a 'disorderly manner', because they [the policymakers] will have more control over the banks than they will over Greece," Patrick Armstrong, managing partner at Armstrong Investment Managers, told CNBC.
As the Spanish economy fails to drag itself out of the mire created by its debt burden, its Employment Minister Valeriano Gomez admitted to CNBC that it would likely miss growth targets this year.
After months of turmoil and uncertainty, the Republican 2012 presidential race finally appears to have a settled field of candidates — with Mitt Romney solidifying his perch at the top of the pack.
The euro zone was launched on a wing and a prayer. The wing has fallen off and the deities are not listening to prayers. Everyone focuses on averting a crash. But it is as vital to ask how to fly securely, the FT reports.
So, Gov. Chris Christie gracefully, elegantly, and forcefully decided to stay out of the race.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
New Jersey Gov. Chris Christie announced at a news conference Tuesday that he will not run for president in 2012.
The 17 families meeting the last few days — and I can't remember if it was the EU, the ECB, the IMF, the EIB, CIA, FBI or what- decided to make no decision except to cancel the meeting scheduled for October 13, and meet in November.
The euro ministers are working on a restructuring for Greece that includes much larger haircuts for the private sector and that they don’t want to make a payout until this is settled.
During the debt-ceiling debacle, Washington pushed the U.S. economy close to an abyss. Now it is risking US-Chinese relations.
Explaining why free trade deals open up economies and create billions of dollars in exports, therefore creating jobs in the U.S., with Rebecca Blank, acting Commerce Secretary.
More than two thirds of business managers feel that a UK recession is now likely to happen with business confidence at a low, according to a new report.
The chances of the US being able to help bailout Europe are minimal because of weaknesses in the American economy, influential Citi banker William Rhodes told CNBC Tuesday.
Investors have been ahead of policymakers at the ECB and the IMF for some time, and have been predicting a greater than 20 percent haircut for Greek debt, Charles Campbell, senior sales trader at Miller Tabak, told CNBC.