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Cyprus' president has asked euro zone leaders for a complete revamp of his country's 10 billion euro ($13.4 billion) bailout, the Financial Times reports.
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International lenders take a third stab on Monday at reaching an agreement on lowering Greece’s debt to sustainable levels. A positive outcome would pave the way for the release of key aid to Athens and should cement the risk appetite that has resurfaced in markets, well, at least for the short-term, analysts said.
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EU finance ministers must urgently dispel doubts over their “political will” to create a single bank supervisor so talks do not drag on and upset “fragile markets”, the official spearheading the reforms has warned. The FT reports.
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As the euro zone debt crisis weighs on the German “strong man of Europe”, Germany’s slowdown puts Eastern Europe’s growth at risk too, analysts told CNBC.
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The euro has rallied against the Australian dollar, but this pro says it can't last.
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Despite the European Union budget struggles, this pro sees the euro hitting $1.35 by year end.
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European shares posted their best weekly gain so far this year after rising for a fifth day on Friday, boosted by strong German data and growing expectations Greece will soon get the next dose of financial help.
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The Greek drama plays on and the Brazilian real crosses a line — it's time for your FX Fix.
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Anshu Jain, co-chief executive of Deutsche Bank, has a problem with his job – it’s ever so slightly embarrassing.
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Shrinking incomes are leading more families to switch to cut-price convenience foods, the Global Post reports.
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In space no one can hear you scream. But they may be able to hear you moan about debt crises and squabble over how to keep your astronautical ambitions from crashing back down to Earth, the Global Post reports.
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Enough of the pessimism over the euro zone, says one analyst, who points out that the disaster scenarios anticipated by financial markets for the region have not played out, leaving the euro poised for a strong rally that could take it to $1.50 next year – a 17 percent gain from where it is now.
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Until recently, Jordi Parellada a singing teacher from Barcelona, would never have seen himself voting for Catalan independence. The FT reports.
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German objections to suffering losses on official loans to Greece have forced the euro zone to explore more complex means of helping Athens cope with its debt mountain. The FT reports.
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Despite bucking the economic gloom of the euro zone in recent years, Poland’s Finance Minister warned that the region’s debt crisis could derail Poland's progress.
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Data pointing to promising levels of bank lending and money supply in the United States, which have been touted as signs of a recovery, should be treated with caution according to Albert Edwards, strategist at Societe General.
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President Obama skipped dessert at a long summit meeting dinner in Cambodia on Monday to rush back to his hotel suite. It was after 11:30 p.m., and his mind was on rockets in Gaza rather than Asian diplomacy. He picked up the telephone to call the Egyptian leader who is the new wild card in his Middle East calculations, the New York Times reports.
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Amid wrangling over how much money the European Union spends at a time of grinding austerity across the Continent, Martin Ehrenhauser, an Austrian member of the European Parliament, lobbed a sobering question this summer at the union’s Brussels bureaucracy: How many bottles of booze does it have stocked in its wine cellars, the New York Times reports.
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The U.S. embassy in Paris has taken the unusual step of flatly denying a French report that Washington was responsible for a cyber attack on the Elysée palace shortly before Nicolas Sarkozy was succeeded as president by François Hollande in May this year, the Financial Times reports.
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David Marshall, Senior Analyst, Asia-Pacific Financials, CreditSights says that Europe's outlook remains sanguine with hopes pinned on more refinancing, but the environment for bank profitability is shrouded in doubts.
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When the hacker group Anonymous attacked the website of the Organization for Cooperation and Security in Europe last week, it said it was responding to the OSCE’s “betrayal of democratic values” following Ukraine's October parliamentary elections. The Global Post reports.
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