Former U.S. House Speaker Dennis Hastert is in trouble for alleged hush money withdrawals and lying to the FBI, reports CNBC's Eamon Javers.» Read More
French politicians are up in arms against proposals that would force those benefiting from state aid to do community service hours, which in the country's legal system are part of a list of punishments for those condemned for crimes such as damaging goods, petty theft or insulting the police.
BP is back in last-ditch talks to buy out the Russian partners in its joint venture TNK-BP Ltd, in a deal that could be worth $30 billion or more, the Wall Street Journal reported on Sunday.
Decisions by politicians on how to deal with debt on both sides of the Atlantic will be crucial to prevent another Lehman-style crisis, economists and analysts told CNBC in a debate about banking in the European Union and in the US.
Dominique Strauss-Kahn’s arrest may have little immediate effect on the International Monetary Fund’s operations. Yet it may well force the organization’s member countries to confront wider issues of European influence over the fund, even as it prepares to extend more huge rescue loans to western Europe, reports the FT.
It's been a rough week for the euro, and there's more in store, these traders say.
In a CNBC exclusive, President Clinton broke his silence speaks to Maria Bartiromo for the first time about what he knew about the operation, what it means for the war on terrorism, and what's next for the relationship between the US and Pakistan.
The world's biggest banks are likely to be hit by capital surcharges that increase progressively based on a lender's size, how connected it is to other banks and how easily it could be replaced in a crisis, global regulators have told the Financial Times.
European leaders can't seem to agree on how - or whether - to help Greece. But they sure aren't helping the euro.
UK Chancellor George Osborne told CNBC on Tuesday that Britain is an example to countries like Greece on austerity.
The debt crisis facing the developed world is big and will take a generation to resolve, Angel Gurria, Secretary General of the OECD, told CNBC Thursday.
The Chinese authorities find the short-termism of the US and Europe rather amusing. It is said that while the Americans use a watch to tell the time, the Chinese use a calendar. That probably does not do the Chinese long-term mind set justice, given the authorities' focus on five-year plans.
Mervyn King, the Governor of the Bank of England, made it clear to the market on Wednesday that UK rates would have to rise at some point.
It will forever be known as the place where the United States finally caught up with Osama Bin Laden but the Pakistani garrison town of Abbottabad has been described as the country’s ‘Terrorism Central,’ according to the executive director of the Asia-Pacific Foundation.
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.