Martin Schulz, president of the European parliament, has warned that revelations of tax evasion by major companies were leading to a loss of trust among the European public.» Read More
While currency investors have been busy monitoring the euro zone mess, downward pressure has been building on the yen.
European shares extended gains on Thursday to close higher, after data showed an unexpected drop in U.S. weekly unemployment benefit claims, reviving hopes the world's biggest economy is recovering.
Australians get to work and the euro bounces back — it's time for your FX Fix.
"I think the Federal Reserve and the ECB are exactly in the right place," explains Roger Altman, Evercore Partners chairman & founder, weighing in on Europe's economic crisis, Fed policy, and the worsening outlook on global growth.
"I think it is going to be a very interesting debate--and an important one," said Roger Altman, Evercore Partners chairman & founder, discussing what to expect from tonight's vice presidential debate between Vice President Joe Biden and GOP challenger Paul Ryan.
Goldman Sachs has told its board of directors that an internal investigation found little substance to allegations made by Greg Smith, the disaffected employee who claimed the bank has a “toxic environment” where bankers refer to clients as “muppets”. The FT reports.
Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets, but analysts see a silver lining.
Jamie Dimon speaks out, PC sales are in decline; U.S. sets tariffs on solar panels and Spain is downgraded by the S&P for the third time this year.
As the Greek government contemplates shedding state-owned assets to help pay down staggering debts, it could consider leasing or even selling the rest of the port to China, the New York Times reports.
Risk-sensitive currencies have been on a roll, but these strategists say the fun is about to end.
European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
Earnings weigh on risk and the IMF issues a euro zone warning — it's time for your FX Fix.
Trading volumes for stocks have decreased since 2008 and a series of high profile glitches have continued to hurt investor confidence. On Tuesday, erroneous trades led to a spike in a number of U.S.-listed stocks including Pandora and Nokia.
Sir Mervyn King has given his clearest admission yet that he no longer believes price stability should be the Bank of England’s sole objective, arguing that central bankers should be flexible with inflation targets to head off future financial crises. The FT reports.
Capital and liquidity rules for the biggest UK banks have been quietly relaxed in an effort to stimulate lending, a move that puts Britain at the forefront of a global experiment to use bank regulation to moderate the economic cycle.
Jose Vinals, Financial Counsellor and Director of the Monetary and Capital Markets Department at the IMF says the concentration of government bonds in Japan's banking system is a concern.
Equities finish lower, Alcoa and Yum get earnings season off to a good start.
Don't look now, but Norwegian housing prices are on a tear.
German Chancellor Angela Merkel arrived in Athens on Tuesday wearing apparently the same lime green jacket in which she celebrated Germany's defeat of Greece in the 2012 European Football Championship.
European shares closed lower in thin trade on Tuesday, with concerns continuing to surround the euro zone as German Chancellor Angela Merkel makes her first diplomatic visit to Athens since the start of the debt crisis in 2009.
Rallies have to end sometime for sure, but history suggests the current one doesn't have to end anytime soon.
The world's Top 50 hedge funds have added more to Boeing than any other stock, according to research firm FactSet.
The wealthy are back to pre-crisis boom years when it comes to their confidence, but why are some still sitting on cash?
What Warren Buffett once called "financial weapons of mass destruction" are firing again.
Economic growth in the Middle East and North Africa will moderate this year before recovering in 2014, the IMF said.
Former Prime Minister Mario Monti said he does not believe another Italian election will be called any time soon.
European shares closed higher on Wednesday, mirroring gains in the U.S. after Federal Reserve Chairman Ben Bernanke reiterated his commitment to maintaining loose monetary policy.
David Cameron, British prime minister, tells CNBC ahead of the EU Summit on tax fraud that he 'believes in low taxes for businesses' and highlights that international cooperation is crucial to tackle tax evasion.
What should investors do with equity markets at record highs? Here is a recap of trade tips from today.