A day after the Philippines got its first investment grade rating from Fitch, the Southeast Asian country's central bank governor told CNBC the upgrade was a "seal of good housekeeping."
After talking their currency down 20 percent over the past four months, Japanese policymakers have suddenly gone silent as the yen halts its dramatic fall. Why?
Since the bailout deal was reached on Cyprus, the gold price has fallen. The decline suggests that gold is really in a weak position right now. I think the price is likely to fall further. Here's why.
The outlook for the wealthy island nation of Singapore is turning increasingly grim with a recent mix of downbeat economic indicators pointing to a contraction for the economy in the current quarter.
Despite its own significant problems, the U.S. has managed one claim through a time of heightened global crisis: It's not as bad as the rest of the world.
Here's one sign of a global housing recovery: Every month seems to bring a new "world's most expensive" listing or sale. This month's offering is the penthouse of the Tour Odeon in Monaco.
Global markets took a roller-coaster ride after a European official's comments sparked fear that the new normal in Europe will be hitting up a bank's own customers in a bailout.
Benchmark oil prices gained early Monday, reflecting a broader "relief rally" in risk assets, after details emerged that Cyprus had struck the basis of a bailout deal with international lenders.
The decision to further push back the re-opening of Cypriot banks may be seen as a signal of further uncertainty in the crisis-hit island nation. But analysts tell CNBC that on the contrary, the move will help restore investor confidence.
The euro at first welcomed the Cyprus bailout deal, jumping close to half a percent against the US dollar Monday, but later plunged more than 1 percent as investors shifted their gaze to the euro zone's darkening outlook.