CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.» Read More
Knee-jerk reactions to catastrophes often fall wide of the mark, Stephen King, chief economist at HSBC told CNBC.
"A sense of calm with an undercurrent of mild panic," is how one Bahraini described the scene at Bahrain International Airport Thursday morning,after the Bahrain Defense Force (BDF) cleared the country's Pearl Roundabout area of anti-government protestors, killing at least three people.
Premier Silvio Berlusconi has sat down with the enemy, telling an opposition newspaper that he is too old to have had all the sexual encounters he is accused of by Italian prosecutors.
Manama's central financial district and the iconic Pearl Roundabout were quiet Wednesday night, despite earlier calls from opposition groups who said they planned to regain their presence there.
The Bahrain military plans to secure the country's capital Tuesday night, clearing the Pearl Roundabout where protests have been held since mid-February, and securing government buildings, sources in the country told CNBC.
The International Energy Agency says Libyan oil exports have "ground to a halt" because of the fighting between rebels and forces loyal to Libyan leader Moammar Gadhafi.
The U.S. State Department urged U.S. citizens on Tuesday to defer travel to Bahrain and suggested Americans there should leave due to ongoing political and civil unrest.
General confusion reigns and businesses prepare for another day off as Gulf Cooperation Council forces deploy in Bahrain.
Forces from Gulf Arab countries will help with maintaining order in Bahrain and some forces have already arrived in the country, according to press reports.
Libya’s central bank has ordered banks to recirculate old currency in the first sign that the oil-rich north African state is facing liquidity problems amid international efforts to freeze the regime’s assets, reports the Financial Times.
The spike in the price of an oil barrel has been caused by “market pricing and risk premium on the future oil supply,” not a lack of supply, Rex Tillerson, CEO and chairman of Exxon Mobil, told CNBC Wednesday.
The inspector general for TARP has 45 investigators across the country empowered to carry guns and badges, and 27 vehicles with sirens and lights. Known as SIGTARP agents, they are empowered to make arrests, and they’ve done just that 23 times, a spokesman said.
Key parts of a stress test for European banks designed to raise investor confidence in the sector have been softened by regulators despite widespread derision of a similar exercise last year, which was seen by financial markets as too lax, reports the Financial Times.
Throughout the recent unrest in the Middle East, virtually no oil production has been affected, save in Libya, Sara Akbar, CEO of Kuwait Energy, told CNBC Tuesday.
After trading higher for days, the euro is giving up ground. Instead of focusing on potential interest rate hikes, traders are looking ahead to the upcoming European leaders' meeting and the stubborn sovereign debt crisis. Euro fatigue, anyone?
When I was an undergraduate studying economics, our political economy teacher used to ask us just how many different types of deodorant society needed.
One month after Bundesbank president Axel Weber announced he was stepping down, saying goodbye to his chances of running the European Central Bank, many in the markets miss him already.
The crazy volatility of recent days strikes me as a market that is topping itself and is struggling. I'm still guessing we have a bit of a pull-back.
Vallejo, a city about 25 miles north of San Francisco, offers a sneak preview of what could be the latest version of economic disaster. The New York Times reports.