SAO PAULO, Dec 18- Brazilian President Dilma Rousseff, dogged by a multibillion-dollar corruption scandal at state-run oil company Petrobras, vowed on Thursday to stamp out graft at the flagship firm and place it under strict corporate governance. In a speech in the capital, Brasilia, Rousseff urged Brazilians not to lose faith in the vital oil producer,...» Read More
The Bank of England raised its medium-term inflation forecast to just under 2 percent in its May inflation report, potentially paving the way for a November rate rise.
The Reuters correspondent in Bahrain, Frederik Richter, has been asked to leave the country amid what critics say are steps to stifle free reporting in the kingdom
Goldman Sachs said its traders lost money on only one day in the last quarter, underlining how volatile markets and investors’ appetite for risk have helped revive Wall Street’s biggest source of revenue, reported the FT.
Doug Kass, of Seabreeze Partners, says stocks will sell off this spring after home buyers turn out to be no shows, with CNBC's Melissa Lee and the Fast Money traders.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil and precious metals are likely headed tomorrow.
At this time last year we were breathlessly awaiting the debut of Recovery Summer I, with expectations of sustained economic growth and signs of a strong recovery in the job market. Today, fresh off the advance screening of a strong April jobs report, anticipation is building for Recovery Summer 2, but the same questions that dogged RSI will still impact RS2.
Mr. Boehner is making this suggestion: Let’s say there’s a $2 trillion debt-limit increase proposed by the administration. In that case, there would have to be $2 trillion-plus in spending cuts in order to get Republican support. This is tough stuff.
Rumor time for the euro, good times for commodity currencies. Time for your daily FX Fix.
Europe should help countries that are in trouble but these countries need to show that they are tackling their deficit problems themselves, like Britain has done, UK Chancellor of the Exchequer George Osborne told CNBC in an interview Tuesday.
Greece on Tuesday denied a Dow Jones report that it expects a new aid package of nearly 60 billion euros ($85.71 billion) to deal with its debt crisis.
As far as Europe’s real economy is concerned, the problems on the periphery are just that, peripheral, according to Credit Suisse’s Robert Barrie.
Egyptian stocks rebounded on Monday after deadly sectarian clashes in Cairo shook investors still uncertain about the recovery in the country’s security situation.
Speculation over the weekend that Greece could leave the euro zone was “utterly unrealistic" and would be a “catastrophe” for the country and for the wider European Union, Yiannos Papantoniou, former Greek finance minister and president of the Centre for Progressive Policy Studies told CNBC on Monday.
The boss of the French banking giant has told CNBC that the European banking sector could absorb a restructuring of Greek debt, whatever form it took.
Are we headed for more political business as usual, where Republicans give up too much and get too little back in the debt-ceiling fight? Today’s papers are loaded with stories on the GOP giving up Paul Ryan’s Medicare-reform package. It’s being called “political reality.”
CNBC's Brian Shactman discusses the week's top business stories, including the massive commodities selloff, retail sales and the killing of Osama bin Laden.
Contrary to popular opinion, the best investment bet that you can make in 2011 is in Africa. You wouldn’t know it if you turn on a TV or read a newspaper, since U.S. and European media focus relentlessly on areas of unrest and instability, but the reports beyond the front page tell a very different story.
Dramatic headlines on US debt and fears over a Greek restructuring of debt are not worrying one investor, who tells CNBC investors should be focusing on some good news from China, not on the wall of worry.
There were 79 people on the assault team that killed Osama bin Laden, but in the end, the success of the mission turned on some two dozen men who landed inside the Qaeda leader’s compound, the New York Times reports.
A brightened outlook for job growth may dim this spring as rising gas prices weigh on companies and prompt some to rethink their hiring plans.