Cypriot Central Bank governor Panicos Demetriades submitted his resignation on Monday, which was accepted by President Nicos Anastasiades, an official statement said.» Read More
The announcement that Antony Jenkins has been appointed as chief executive of troubled U.K. bank Barclays helped stave off bigger losses for the shares on Thursday, following the announcement of a new investigation into the lender.
The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter, suggesting growth will stay weak in the second half of the year, the Christian Science Monitor reports.
Antony Jenkins, head of Barclays retail and business banking unit, has been appointed as chief executive of the bank, with a mandate to launch a root and branch review after a series of scandals rocked it to the core.
When the world’s central bankers make their annual trip to Jackson Hole it often makes news. But seldom has a central banker’s non-attendance at the Federal Reserve Bank of Kansas City’s symposium grabbed so many headlines as ECB president Mario Draghi’s decision this week to pull out. The FT reports.
Prosecutors say they have unearthed evidence in recent international money-transfer investigations that Chinese banks may have flouted United States sanctions against Iran. The NYT reports.
Investors are anticipating big things from the European Central Bank's upcoming meeting, but this strategist is looking longer term.
In a modern economy, monetary and fiscal policy disciplines are just that, essential disciplines that must be maintained for the good of the country and the well-being of the citizenry. Like most things requiring discipline if they are to be administered well, they call for an objective, dispassionate and logical approach to analysis and problem solving.
German Chancellor Angela Merkel is raising expectations that action for the euro is coming. Mark Zandi, Moody's Analytics, offers insight.
CNBC's Simon Hobbs reports on all the market moving activity from Europe, and an update on oil prices, with CNBC's Sharon Epperson.
Draghi's comments lift the euro and Spain and the EU make a deal - it's time for your FX Fix.
This month, Mr. Draghi stared down bearish international traders who were convinced that Europe’s common currency project would collapse. The NYT Reports.
The United States has produced one of the most successful economic stories in human history. The Global Post explains.
Norway has joined forces with Qatar in opposition to the $70 billion merger between commodities trader Glencore and miner Xstrata, further threatening one of the biggest deals in the natural resources industry over the past decade, the FT reports.
European markets are set for a mixed open on Wednesday after the Catalonian region in Spain asked for a financial lifeline from the national government, raising concerns that the country itself will soon ask for a bailout.
European Central Bank President Mario Draghi's canceling of his Jackson Hole speech spells a buying opportunity, this strategist says.
With European Central Bank President Mario Draghi skipping Jackson Hole, this strategist sees a trade.
CNBC's Simon Hobbs reports on all the market moving events from Europe, and its impact on U.S. markets, with CNBC's Sharon Epperson and Bob Pisani.
Judd Gregg, Goldman Sachs international advisor, shares his thoughts on Europe's economic problems and the future of the euro.
European Central Bank President Mario Draghi cancels a key speech and Isaac storms ahead — it's time for your FX Fix.
CNBC's Ross Westgate reports on all the market moving events from Europe, including news the ECB's Mario Draghi has dropped his plans for Jackson Hole this weekend.
CNBC's Catherine Boyle reports on the Bank of England's review into allegations that some of its staff were aware of forex manipulation, ahead of Governor Mark Carney's appearance before politicians on Tuesday.
Ross Denton, principal at Baker & McKenzie, comments on the Transatlantic Trade and Investment Partnership negotiations as the fourth round starts on Monday.
Charles Dumas, chief economist at Lombard Street Research, says that in terms of volumes, Chinese exports are "not all that much lower," and explains why he continues to be bearish on China.