German business morale rose far more than expected in May, suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter.
This week, Daniel Loeb, one of Wall Street's most successful investors, scooped up a $500 million windfall for his clients in a bond buyback deal with the Greek government. The FT reports.
There are just five trading days left until the fiscal cliff deadline, with Peter Andersen, Congress Asset Management Company; Jeff Saut, Raymond James; Dean Maki, Barclays; and CNBC's Rick Santelli.
European equities edged higher on Tuesday, building on the previous session's strong gains and bolstered by expectations that euro zone finance ministers will approve the next tranche of bailout cash for Greece.
Italian Prime Minister Mario Monti said on Friday he was preparing to hand in his resignation to President Giorgio Napolitano shortly, opening the way to elections expected in February.
As Greece redoubles its efforts to raise billions to cut its debt and stoke its economy, the move toward privatizing assets faces daunting hurdles, the New York Times reports.
A new report suggests that five years of gloomy headlines and negative sentiment have combined to create a collective “state of shock” among investors.
Ballooning central bank balance sheets across the U.S., Europe, the U.K. and Japan are “profoundly abnormal”, according to Jean-Claude Trichet, the former president of the ECB.
Britain needs to introduce legislation that could break up banks if standards slipped because current reform proposals fall short of what is needed, an influential panel of lawmakers said.
By most measures, the personal finances of Anne Zimmerman, a small-business owner in Cincinnati, have little in common with those of Oracle’s chief executive, Lawrence J. Ellison. The NYT reports.
The contest to fill Silvio Berlusconi’s shoes and lead Italy’s centre right into elections next year has opened with about a dozen candidates stepping forward, including Benito Mussolini’s grand-daughter. The FT reports.
With gloomy economic forecasts, falling consumer confidence and poor retail figures adding to concerns over talk of the U.K. leaving the European Union, 2013 is set to be a tough year for the country, analysts say.
Spain plans to offer residency permits to foreigners who buy houses priced at more than 160,000 euros ($203,845) as part of its efforts to revive a collapsed real estate market and divest itself of hundreds of thousands of unsold homes.
Ratings agency Moody's Investors Service stripped France of its prized triple-A credit rating on Tuesday, triggering worries the move could heighten the risk of a downgrade for other top-rated nations, including the United States and the single currency bloc’s largest economy Germany.
Harry Tchilinguirian, head of commodities market strategy at BNP Paribas, tells CNBC that continued QE by the US Fed, a pickup in the Chinese economy and a continued squeeze on Iranian production will drive oil up.
Carlos Caicedo, head of Latin America at Exclusive Analysis, tells CNBC that Brazil has already had one trillion of investment in preparation for the World Cup and Olympics.