Wong Chen, member of the Malaysian Parliament, discusses the allegations of corruption surrounding Malaysia's state fund 1MDB and Prime Minister Najib Razak.» Read More
As euro zone finance ministers meet to discuss the latest plan on the table aimed at solving the Greek debt crisis, one fund manager is warning that Italy and Spain will be downgraded, raising the possibility of "carnage" for global markets.
European leaders are for the first time prepared to accept that Athens should default on some of its bonds as part of a new bail-out plan for Greece that would put the country's overall debt levels on a sustainable footing, reported the FT.
What happened in Italy last week was notable. If it continues, it would mark a significant extension of the regional debt crisis that Europe has repeatedly failed to come to grips with.
The Canadian dollar could face near-term headwinds, this strategist says— but after that, prepare for liftoff.
Mississippi Gov. Haley Barbour pulled out of the 2012 presidential race in April but that didn't stop him from sounding like a candidate as he criticized the Obama administration for its economic policies.
The euro gets hit by Italian drama and the dollar falls on a gloomy employment report - time for your FX Fix.
On Saturday, South Sudan becomes the world's newest country and Africa's 54th state, a process that follows 50 years of bloodshed. Renewed violence on its borders has shaken hopes of a peaceful transition to nationhood, but the fledgling country is not a failed state in waiting, analysts and senior figures in the reconstruction effort told CNBC.com.
While governments and local councils may be expected to be prepared to deal with terrorist attacks, extreme weather conditions and contagious diseases, a potential zombie attack might not be top of the list.
Bahrain began its highly-anticipated National Dialogue this week in an effort to restore confidence both domestically and internationally that the Kingdom is committed to working through issues that sparked unrest within its borders in mid-February.
Europe’s banks are growing increasingly angry over the stress tests being run by European regulators, complaining that the process has been excessively rigid, with damaging changes to the exercise rushed through at the last minute, according to the FT.
The European Central Bank is going easy on Portugal, making the euro bounce. Whether the lift will last is another matter.
President Obama speaks following the debt limit meeting. He says it was very constructive and everyone acknowledged the importance of resolving this issue. Both sides will work through the weekend.
The lawmakers want to get to the bottom of whether or not Bloom, who is viewed as an ally of the unions, ever said that he directed White House policy on automakers on behalf of unions.
Dollar lifts, euro slips, and Thailand's prime minister-elect connects on the baht - time for your FX Fix.
The European Central Bank raised interest rates by 25 basis points to 1.50 percent on Thursday, as it continued to brush off concerns over sovereign debt worries in the euro zone periphery, but President Jean-Claude Trichet hinted that a further rise in August is unlikely.
Despite a manufacturing slowdown in Russia, China and Brazil, emerging markets will be key to the recovery of the global economy, Stephen King, chief economist at HSBC told CNBC.
The European Central Bank is expected to raise rates by 25 basis points on Thursday, as indicated in its June press conference, despite ongoing concerns over the euro zone's periphery.
It’s all about controlling debt in Washington these days. Congress battles it out over raising the U.S. government's borrowing limit. For investors the buzz word is "default." As the U.S. Treasury says, it will be forced to default on its obligations if Congress does not raise the $14.3 trillion debt ceiling.
House Republicans are willing to discuss closing tax loopholes with President Obama in exchange for lowering tax rates, House Budget Chairman Paul Ryan (R-Wisc.) told CNBC Wednesday.
The discovery of huge deposits of so-called 'rare earth' minerals, used in high technology products, on the Pacific sea floor should ease long-term supply constraints and end a Chinese monopoly, which had been causing strategic concerns in the West, analysts said.