President Jacob Zuma said Mandela would be buried on December 15 at his ancestral home in the Eastern Cape.» Read More
Greece’s finance minister has staunchly defended his handling of the country’s relations with international lenders, accusing his critics of promoting “a mood of uncertainty and scaremongering,” the Financial Times reports.
Investors must be extra diligent when picking stocks in this tough economic environment, Anne Gudefin, fund manager at PIMCO Pathfinder, fund told CNBC Monday.
With the financial system facing renewed stress and global growth faltering economists at Goldman Sachs are predicting Britain will embark on a second round of quantitative easing in the coming months.
As the Italian government prepares for another week debating its austerity plans, Silvio Peruzzo, european economist at RBS, told CNBC that markets are viewing the failure to reach agreement negatively.
The man who ran Germany when the euro began trading has an idea to save the euro zone: the creation of a "United States of Europe."
Greater fiscal and political union is needed in Europe, and will be discussed by euro zone leaders within months, Joaquin Almunia, EU Competition Commissioner, told CNBC Saturday.
The Italian government is still wrangling over how best to balance its budget, losing credibility with key leaders and opinion formers.
Dominique Strauss-Kahn returned home to France on Sunday, for the first time since attempted rape accusations by a New York hotel maid unleashed an international scandal that dashed the former International Monetary Fund chief's chances for the French presidency.
This week's European Central Bank meeting will show whether the ECB can save the global economy. Here's how to get ready.
Insight on politicians plans for jobs, with presidential candidate and former governor Jon Huntsman, (R-UT), who says the plans are on the table but the leadership is not.
The week's top business news and investment advice, including telecom and retail picks, with CNBC's Oriel Morrison.
After trickling forward in terms of job growth in the United States, the August numbers released Friday were met with alarm. The numbers suggest that companies have stopped hiring and are maintaining the status quo in terms of head count. Based on this release, data equity markets sold off and gold rallied as concerns arose about the strength of the US economic recovery. Banks in particular including much maligned Bank of America were hit as a result.
Since President Dmitry Medvedev sent his first tweet from Twitter’s headquarters during his landmark trip to Silicon Valley one year ago, US-Russia collaboration in technology and innovation has surged.
President Barack Obama on Friday sacked a controversial proposed regulation tightening health-based standards for smog, bowing to the demands of congressional Republicans and some business leaders.
Every now and then an economic data chart just screams out for an explanation, and this chart below by the Dallas Fed is one of them.
A Libyan official says five foreign oil and gas companies have returned to Libya to resuscitate production choked off by civil war and sanctions.
The economics team at HSBC are predicting the US and European economies will spend the next few years in a permafrost, or sub-par growth.
"A very large proportion of those who are unemployed have been unemployed for a long time. It is known that if you are unemployed for a long period of time, it is much more difficult to re-enter the job market. It requires job retraining, it requires much more focused attention on hiring, and it requires not just another budget deficit, another monetary easing, but focusing much more on that particular group," Jacob Frenkel, Chairman of JP Morgan Chase, told CNBC.
"If you look at the situation of the economic crisis it was always more political than financial. We need to simplify the decision-making process because at the moment it is far too complicated," Jose Maria Aznar, former Prime Minister of Spain, told CNBC.
"The market is hoping for a surprise to the downside. Any stronger number, and we risk having to price out expectations of QE3, and I think that is going to have a major impact on the market," John Woods, CIO at Citi Private Bank, told CNBC.