Deutsche Bank is committing about $2.3 billion to prove it's sorry that some of its employees rigged interest rates.» Read More
The euro zone will stay intact even if a vulnerable country ends up leaving the currency bloc, Luxembourg’s Finance Minister told CNBC.
There has been no shortage of finger-pointing since the collapse of the law firm Dewey & LeBoeuf, with most of the animus directed toward the firm's managing partner and its broader leadership.
David Cameron began an overhaul of his ministerial team on Monday night, in a reshuffle that No 10 said would inject “fighting spirit” into the coalition and promote bright young ministers with a record of delivery. The FT reports.
Many who worry that Spain’s economic tailspin could eventually force the country’s withdrawal from the euro and a return to its former currency, the peseta. That direct outcome is still considered a long shot, even if Spain might eventually require a Greek-style bailout. But there is no doubt that many of those in a position to do so are taking their money — and in some cases themselves — out of Spain. The NYT Reports.
Interest rates paid by companies in the eurozone’s weaker economies have surged, highlighting the bloc’s fragmentation as the European Central Bank loses control of borrowing costs. The FT reports.
More companies are hiring people 65 and older because they believe they are reliable and productive, while the seniors themselves need — and want — to work. But is the trend squeezing out young people?
Ian Williams, Chairman at Charteris Portfolio Managers says that gilts are at their most expensive compared to equities since the second world war.
Benchmark oil prices will likely extend gains this week after Fed Chief Ben Bernanke kept stimulus in play at his speech in Jackson Hole and as the industry assesses the damage in the Gulf of Mexico after tropical storm Isaac forced the closure of almost all offshore oil production.
Only a quarter of Germans think Greece should stay in the eurozone or get more help from other countries in the currency union, a Financial Times/Harris poll has found.
Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone. The NYT Reports.
Fed Chairman Ben Bernanke promised no specific action in his Friday speech, and this strategist has a plan for trading on the talk.
On August 21, a Chinese fisherman caught a rare fish worth over $475,000. As impressive a haul as that is, it didn’t represent the highest known payday for something caught from the sea.
This weekend, 35,000 Americans football fans descend on Dublin, Ireland. The reason? The Emerald Isle Classic, better known as the Notre Dame-Navy game. The game is not only the 86th time these two college football programs have faced off against each other, it is also a major economic event for Ireland's sluggish economy.
Many feel that Greece's fate, including its continued membership of the eurozone, rests in the hands of the Troika, those charged with evaluating Greek's reform efforts, its financing needs and how they should be met.
Since March 2009, when European indices sunk to the lowest in over a decade, continued volatility has meant many investors have been underweight equities. But a turnaround may be on the horizon for European stocks, according to some strategists, who say new policies in Europe could boost equities.
Discussing how to jump-start the U. S economy and finding a long term solution for Europe's debt crisis, with CNBC's Steve Liesman and David Lipton, IMF first deputy managing director.
Lawrence Lindsey, The Lindsey Group, president & CEO, weighs in on which steps to take to bring about economic recovery in the U.S.
Bernanke's speech looms and commodity prices dent currencies down under — it's time for your FX Fix.
Edward Lazear, former chairman of the President's Council of Economic Advisers, discusses the outlook on the U.S. economy and how to get Americans back to work, with CNBC's Steve Liesman.
The legendary German Mittlestand is opening to investment, but some worry its successful culture may be threatened, the Global Post reports.
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.
Kairat Kelimbetov, governor of the National Bank of Kazakhstan, says the country's economy should benefit from strong growth in the next few years, and discusses the reform process.
Pierre Moscovici, French finance minister, says Africa is a land of opportunities and France should increase its public and private investments in the continent.
Moritz Kraemer, chief sovereign rating officer at Standard & Poor's (S&P), tells CNBC that the euro zone has been working on rebalancing its economy, but that "much more needs to be done".