LISBON, May 23- President Anibal Cavaco Silva thanked Portugal's patron saint for a long-delayed approval of Lisbon's bailout review last week, but the head of state could claim a share of the credit for himself.» Read More
As the end of the second round of quantitative easing approaches, one analyst tells CNBC that even though the Fed’s purchase of $600 billion worth of bonds is nearing its conclusion, the period of easy money still has some way to go.
The market had been expecting Friday’s US jobs data to be weak but the scale of the drop in employment growth in May still took many by surprise.
Having failed to secure a majority in Sunday’s election, the new conservative-led coalition will face a daunting task as it attempts to turn around its country’s ailing finances, according to Barclays Capital.
Whether we like it or not, whether we're the German or French tax payer who has to foot the bill or the Greek, Spanish or Irish citizen who feels the pain of austerity in his or her respective purse – there is no choice!
There is no need for a “plan B” for the economy even if conditions change, senior Conservatives insisted on Sunday as Ed Balls renewed his attack on the government’s “reckless” deficit reduction program, reported the FT.
A panel of experts discusses the government's intervention in the auto industry and whether it was good for jobs and the market, with David Goerz, Highmark Capital; Jeremy Zirin, UBS; Marc Morial, National Urban League; Ron Christie, Christie Strategies; and CNBC's John Harwood.
Portugal goes to the polls on Sunday looking to elect a government that will lead them through an austerity package mandated by the European Union and International Monetary fund; but whoever wins will need to defy the electorate and introduce unpopular policies.
Following Moody’s decision fire a shot across the bows of talks over raising the US debt ceiling a key option facing Vice President’s working committee on the debt ceiling has been removed according to Jeremy Batstone-Carr, the director of private client research at Charles Stanley in London.
We think that by late fall, the Fed will find some new disguise to renew asset purchases in an attempt to help along our baby biker.
If the market overreacts on the plus side to any news of a Greek debt deal, here's how to trade.
The Greek people's reaction to the implemented austerity measures should not be ignored, warned Alastair Newton, managing director and senior political analyst at Nomura.
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The economic data in the US is heading south and investors are beginning to question whether the Federal Reserve will extend its asset-buying program beyond the end of the month.
The latest numbers for UK manufacturing showed a continued weakening, prompting concerns that the economic recovery is likely to be more protracted than forecasts have suggested.
One fund manager calls it a horror show, others are predicting the Federal Reserve will have to extend its unconventional measures and stocks across the world are falling heavily.
Past voluntary debt reprofilings in Latin America have worked to varying degrees, but "soft" restructuring is not going to solve Greece's debt problems, according to Stuart Culverhouse, chief economist of frontier markets specialist Exotix
The high unemployment rate means the Fed's ultra-easy money policies remain the right course of action, top Federal Reserve officials said on Wednesday.
"Notwithstanding the historical parallel, I suspect that it is very unlikely that there will be a QE3. This view is based on an assessment of economic, political and international factors:" Pimco's El-Erian says in a guest blog.
Wall Street is having a hard time figuring out what to do now that the US economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.
Greece’s finances are out of control. Its bonds are downgraded to junk; and without a German and European Central Bank bailout, it will be forced to restructure its debt. The United States is losing control of its finances too, and bond rating agencies have threatened to downgrade its debt.