President Jacob Zuma said Mandela would be buried on December 15 at his ancestral home in the Eastern Cape.» Read More
Whatever comes out of the debt ceiling talks in Washington, the U.S. is headed toward a period of austerity, BlackRock Chief Equity Analyst Robert Doll told CNBC.
Deadlocked debt-ceiling talks dent the dollar and send the Swissie soaring - it's time for your daily FX Fix.
It's safe to assume that political leaders will come to some compromise, says David Woo, Bank of America-Merrill Lynch, who feels confident the U.S. will not default.
Ireland sold a 1.1 billion euro ($1.6 billion) stake in Bank of Ireland to a group of unidentified investors on Monday to keep the country's largest bank out of state hands and provide a rare boost to a battered sector and bruised economy.
Investor's "underlying bias is that Congress - both the house and the senate -will be able to come together on a deal [on the debt ceiling] and they¿re going to keep an eye on what the ratings agencies say about that deal so it could be a little bit bumpy this week," Tony Fratto, managing director at Hamilton Place Strategies told CNBC. But he added investors were take the word of leaders here that they don¿t¿ want to risk a default.
Breaking her silence and shedding her anonymity, the hotel maid who says she was sexually assaulted by former IMF chief Dominique Strauss-Kahn says she wants him to go to jail.
White House officials and Republican leaders scrambled on Sunday to reassure global markets the United States would avert a debt default but the two sides gave no sign they were moving closer to a deal.
Precariously short of time, congressional leaders struggled in urgent, weekend-long talks to avert an unprecedented government default, desperate to show enough progress to head off a plunge in stock prices when Asian markets open ahead of the US workweek.
World markets have behaved until now as if it were inevitable that Congress would raise the debt ceiling before the Treasury Department exhausts its ability to pay all of its bills in early August. The breakdown of negotiations Friday has jolted that sense of equanimity, the New York Times reports.
President Barack Obama and top congressional lawmakers Saturday attempted to salvage a deal to avoid a catastrophic debt default after a collapse in deficit talks left both sides angry and frustrated.
A suspected far-right gunman in police uniform killed at least 85 people in a ferocious attack on a youth summer camp of Norway's ruling Labour party, hours after a bomb killed seven in Oslo.
President Barack Obama and congressional leaders are scrambling to find a way ahead on a debt deal after House Speaker John Boehner threw negotiations into crisis by walking out less than two weeks before the deadline to avoid a potentially catastrophic default.
Those debt talks were moving along - until their latest stumble. Here's how to trade the ups and downs.
CNBC's Melissa Francis looks at the week's top business news and investing advice, including sovereign debt plays and tech stocks.
The US economy has been in recovery for two years, but the pace has been frustratingly slow, well below that of past rebounds from deep recessions and inadequate to repair the damage done by the crisis of 2008-’09. Every time it seems the recovery may be gaining traction, the momentum peters out... Still, the economy retains important supports.
CNBC's John Harwood reports on the ongoing debt ceiling discussions and President Obama's comments at today's town hall meeting.
President Barack Obama says Congress must act now in order to get out of the financial hole that tax cuts and new wars put the nation in.
Does Wall street have a problem with President Barack Obama? Not if his fundraising or reelection efforts tell us anything.
CNBC's Eamon Javers has the details on the new report on President Obama's fundraising efforts for his 2012 re-election campaign.
Former Louisiana governor Buddy Roemer explains why he has formally tossed his hat into the Presidential race.