European finance ministers have reached the basis of an agreement to wind down failing banks, Eurogroup President Jeroen Dijsselbloem told CNBC.» Read More
Germany and the IMF appeared to soften their stance on the Greek debt crisis over the weekend ahead of an EU Summit which could decide whether the debt ridden euro member is given a new tranche of international aid.
"The key is to get Greece back on track, if we put upon them obligations that they simply cannot deliver on, because it's just too hard and too much -- the program is not going to be credible," IMF's managing director, Christine Lagarde told CNBC's Maria Bartiromo.
Banks, which have been sitting on a pile of real estate assets or listing them at only slight discounts, are beginning to slash prices, eager to get out of the business of being landlords, the NYT reports.
A pensioner whose home was repossessed is taking on some of the world’s leading banks in the first known class-action lawsuit claiming that alleged Libor manipulation made mortgage repayments for thousands of Americans more expensive than they should have been. The FT reports.
Three principals of hedge fund GLG Partners are sitting on a $220m paper loss two years on from their firm’s acquisition by Man Group in the industry’s biggest merger.
With anti-austerity protests across Europe resulting in civil unrest, Switzerland is taking unusual precautions to prepare its army for a refugee crisis or the possibility of protests at home created by a financial crisis.
Christine Lagarde, IMF managing director, says she would rather have a difficult, yet a credible program for Greece.
Jim Walker, Founder and CEO, Asianomics says devaluing the euro will lead to short term pain but will eventually result in growth in the euro zone economy.
Tony Nash, Managing Director, IHS says that the Fed's primary concern is the U.S but it is aware of the impact that QE has on emerging economies.
Louis Kuijs, Chief China Economist, RBS warns that despite the recent positive data on China's exports, momentum will fall as 2013 comes around.
John Horner, FX Strategist, Deutsche Bank, says that despite strong export data from China, investors remain pessimistic over the AUD.
William Rhodes, President & CEO of William R. Rhodes Global Advisors says that more leadership is needed to stabilize the European region.
Ray Attrill, Co-Head of FX Strategy, NAB says that Germany is likely to give Greece more time to meet its austerity promises.
IMF Managing Director Christine Lagarde talks to CNBC's Maria Bartiromo about the impact of extreme austerity on Europe and whether Greece can get a better deal.
A slew of earnings are set to be released next week, so how should you position your portfolio? Stephen Gallagher, Societe Generale; Mark Luschini, Janney Montgomery Scott; and Ryan Detrick, Schaeffer's Investment Research, offer investment strategies.
Europe's top shares ended the week in negative territory with weakness in commodity stocks outpacing gains in healthcare and consumer staples as growth pains smother appetite for risk.
Optimism lifts the euro and China lets the yuan lift — it's time for your FX Fix.
Thanks to the Federal Reserve, Jamie Dimon and the Obama administration, the U.S. economy is “bleeding”, John McCain, the Republican Senator from Arizona and former presidential candidate, told CNBC.
Some of the world’s biggest oil companies and traders are poised to export substantial amounts of crude from the US for the first time in decades, as booming output there promises to reshape global energy markets, The FT reports.
Spain’s reluctance to ask for a bailout was justified, said Angel Gurria, the secretary general of the Organization for Economic Cooperation and Development (OECD), as there were signals that any calls for help by Madrid may be rejected.
Bitcoin fans learnt that one of the virtual currency's exchanges will enforce customer verification checks from Thursday.
Google is challanging Apple's iPhone with MotoX, the FT reports.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country.
Blu Putnam, chief economist at CME Group, says the budget deal in the U.S. will remove uncertainty over a government shutdown.
Marius Daheim, senior government bond analyst at BayernLB, says that a tapering of asset purchases of around $10 billion could push up bond yields.
Meg Whitman, CEO of Hewlett Packard, says women have made a lot of progress in getting higher jobs in business but there is still more to do.