*Pakistan's financing needs estimated at $6 bln- 9 bln. LAHORE, Pakistan, May 24- Pakistan's new leadership expects first results of its planned steps to shore up its finances and ease a power crisis in two or three months and only then should decide whether and on what terms to seek an IMF bailout, a senior policy adviser said on Friday.» Read More
On Thursday morning, French youth who took the test were asked “Is equality a threat to liberty?”, “Can one be right despite the facts?” or even “Is art any less necessary than science?”
Citigroup’s attempts to sell OneMain Financial, the largest US consumer finance company, have stumbled over concerns among potential bidders about its funding as a standalone business, reports the FT.
The sluggish state of the U.S. economy will once more be the grist for markets, if Greece's short term financing needs are met.
What happens if Greece defaults? Everyone from Japanese savers to US retirees is likely to feel the effects. Learn more.
A Greek default will spur a global restructuring process, says Chris Whalen.
A friend of mine who runs a hedge fund likes to say, “I have seen this movie before, and I know how it ends…badly.” With respect to Greece, ironically, not only can we metaphorically say we’ve seen this movie before, but, in many ways, we have actually seen it - at least a movie of the same genre.
More Greek drama: rapid price changes in a corner of the currency markets suggest banks are worried about an interbank lending freeze, absent a rescue plan for Greece.
When you have a country with a debt-to-GDP ratio that rises above 150%, historically that country defaults. I bring this up because the debt-to-GDP ratio in Greece is somewhere in the neighborhood of 160%.
The executive in charge of restructuring Lehman Brothers sees some "striking" similarities between his company and Greece, he told CNBC Thursday.
Market volatility and uncertainty in the euro zone are limiting the options for the Swiss National Bank (SNB), which held rates at the historic low of 0.25 percent Thursday, Chairman Philipp Hildebrand told CNBC.
Regardless of whether there is another Greek “save”, preventing the actual default that still seems inevitable, the fact remains that adding debt to try and solve a debt crisis is a moronic approach when your interest costs already exceed your tax revenues (as is currently the case in Greece).
Investors continue to worry about the risk of a Greek debt default and some are making comparisons between the Greece and Lehman Brothers collapse. Insight with Bryan Marsal, Lehman Bros. CEO.
Why did the markets get so upset with the possibility of a Greek default? CNBC's Michelle Caruso-Cabrera, Kate Kelly and Steve Liesman weigh in on Europe's concerns.
Lawmakers are currently figuring out how best to rewrite the rules of Wall Street. Insight on how new regulations will impact banks, with Tim Ryan, Securities Industry and Fin. Markets Association (SIFMA) president/CEO.
Markets took a tumble on Thursday on fresh worries about the Greek debt crisis and European policy makers were urged to come up with a credible plan to restructure the country's debt.
The euro is sliding, the safe-haven Swiss franc is rising, and everyone is watching Greece — it's time for your FX Fix.
The dollar will stay at around the $1.40 mark against the euro for some time as both currencies face downward pressure and the euro is resistant to bearish news, Dennis Gartman, hedge fund manager and author of The Gartman Letter, told CNBC Wednesday.
US Treasurys may not be such a good bet for investors as yields have dropped too low and questions remain on whether the Federal Reserve will continue to print money after its current round of quantitative easing ends, analysts told CNBC.
A new bet has been placed on the the Greek debt crisis. It backs a growing view among investors that Athens may be about to suffer a messy default that could spark a run on the country’s banks and a deeper eurozone crisis, the FT reported.
The Greek debt crisis fanned a broad sell off Wednesday and it will no doubt keep markets on edge Thursday.