Mark Carney pledged to appoint a new Deputy Governor at the Bank of England to lead a "root and branch" review of its strategy, after suspending an official over the foreign exchange market manipulation scandal.» Read More
The Federal Reserve’s latest round of monetary stimulus could be disastrous to the US economy, claimed Albert Edwards, strategist at Societe General, who also sees future US economic difficulties taking their toll on global equity markets.
Spain's crisis budget lifts the euro and the Japanese go shopping — it's time for your FX Fix.
For many investors the possible downgrade of Spain’s debt to junk status by Moody’s next week is just another looming risk that threatens to disrupt the recent rally in risky assets, the Financial Times reports.
The London real estate market was abuzz. A wealthy Greek banker wanted to spend up to £60 million (nearly $100 million) for a home, and was in a hurry to make a deal. Evangelos Meimarakis, the president of the Greek Parliament, is among the more than 30 Greek politicians under investigation for possible tax evasion and the illegal accumulation of wealth, the New York Times reports.
France is pushing for its government to hold a large stake in the €34 billion defense and aerospace group to be created by combining pan-European EADS and BAE of the UK, raising concerns in London that such a demand would threaten the deal. The FT reports.
If you ask “Mad Money” host Jim Cramer, it depends.
Robert Hormats, Under Secretary of State for economic growth discusses the European crisis, the anti-austerity protests in Spain, and President Obama's role in U.S. economic growth. "I think President Obama has made a major effort to reduce the budget deficit and also to invest in the future of the U.S.," he says.
European shares ended higher Thursday, lifted by expectations for economic stimulus in China, and as the Spanish government held an eagerly-awaited news conference on the 2013 budget and on economic reforms.
Spain's sorrows dent the euro and Brazil cuts its growth forecast — it's time for your FX Fix.
Worries that David Cameron, the first sitting UK Prime Minister to appear on the ”Late Show with David Letterman”, would embarrass himself were realized when he incorrectly answered key British history questions.
Former lab technician Annette Helmich is thrilled to have a new, in-demand skill and a full-time job to go with it — welding machinery. While Ms. Helmich started learning her new craft by spending four weeks at a local community college, she says she polished her welding skills on the factory floor of her new employer, AGCO Corp. The Jackson, Minn., global manufacturer of agricultural machinery, which took over iconic names such as Massey Ferguson and Allis-Chalmers, is one of a number of manufacturers revisiting an old idea. Instead of relying on community colleges or private schools to get skilled workers, companies are again running their own training programs, the Christian Science Monitor reports.
As Spanish domestic politics threaten to spin beyond the control of the central government, they are also making it harder for Prime Minister Mariano Rajoy to meet Spain’s financial obligations to the rest of the euro zone, the New York Times reports.
France will find it “almost impossible” to hire top talent if the government goes ahead with plans to impose a 75 percent marginal income tax rate, the head of L’Oréal, one of the country’s biggest companies by market value, has said. The FT reports.
Spain is in turmoil once again and the besieged European country is closer to asking for a financial bailout, but, perhaps investors should cut Madrid some slack, analysts say.
A new survey from the Business Roundtable confirms Larry Kudlow's worst fears, the fiscal cliff has already paralyzed Corporate America, with Dow Chemical CEO Andrew Liveris.
Violent protests in Greece and Spain over tough austerity measures are striking fear in investors. Brian Kelly, JPMorgan Funds; Mark Travis, Intrepid Capital Funds; and CNBC's Michelle Caruso-Cabrera and Rick Santelli discuss.
QE3 will have less impact than experts expect, this strategist says, and investors who are short the dollar will get a surprise.
How to invest amid rising tensions in Europe as protests sweep the region for another day, with Bill Spiropoulus, CoreStates Capital Advisors CEO; David Sowerby, Loomis Sayles & Co.; and CNBC's Rick Santelli.
There’s a change in auto showrooms around the country. Sales to young buyers between the ages of 18 to 24 are up for the first time since 2007.
Protests have taken a violent turn in Greece and Spain as tens of thousands of people gathered in Athens and Madrid to express discontent over new austerity measures. Click for scenes.
Cyprus's finance minister, Harris Georgiades, concedes there were "problems in the past" between the Cypriot government and the central bank governor, who has just resigned.
European stocks closed mixed on Tuesday, as the crisis in Ukraine curbed enthusiasm for riskier assets.
Riccardo Barbieri, chief European economist at Mizuho International, says UniCredit could be vulnerable the turmoil in Ukraine, given its exposure to eastern europe.