Cypriot Central Bank governor Panicos Demetriades submitted his resignation on Monday, which was accepted by President Nicos Anastasiades, an official statement said.» Read More
Remember how the euro jumped when European Central Bank President Mario Draghi pledged to preserve it? That is so last week.
In a statement that appears aimed at dampening market expectations for actions from the European Central Bank, a Bundesbank source tells CNBC that “monetary policy should strictly focus on its primary mandate to preserve price stability.”
Breaking down the latest results from a CNBC survey on the U.S. economic outlook, with CNBC's Steve Liesman and Rick Santelli.
Central bank meetings await and the Bank of England is looking for some lending — it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, as expectations fade the European Central Bank will deliver strong action to back up the euro.
The Olympics is creating a “ghost town” effect in central London as visitors who would normally flock to the capital’s shops, hotels and theatres stay away, casting doubt on expectations of a short-term economic boost from the games.
The value of assets managed by the private equity industry globally continued to rise last year, hitting a record $3 trillion despite financial market turmoil and sluggish economic conditions. The FT reports.
"(Draghi) is probably going to deliver some relaxation of collateral standards," Marc Ostwald, strategist at Monument Securities, told CNBC. He argued that Northern Europe wants this because it could turn pan-euro zone risk into a national sovereign risk. "This is what the Northern countries want... they feel that if they go anywhere down the route which looks like QE, they will purely provide incentives for the 'Club Med group,' including France, not to institute the sort of structural reforms which they failed to do for the past 12 to 13 years."
Does Mario Draghi, the European Central Bank chief, lack independence? As the EU's internal watchdog launched an investigation over his "Group of 30" membership, CNBC's Silvia Wadhwa asked whether he is fully independent.
"We're talking the ECB potentially doing Bank-of-England style QE at some point, so it's a very significant change," Stephen Gallo, FX strategist at Crédit Agricole Corporate and Investment Bank, told CNBC. "From the FX perspective, currency-wise, this is the most difficult move towards easier monetary policy ever, it is tradable," but some forces are euro-positive and others could be very euro-negative, he said. "It's a balance between what peripheral countries need and what core countries need... but it also has a risk of potentially disrupting the an orderly political situation between North and South."
Ross Levinsohn leaves Yahoo; ManU get ready for IPO and more bad news on the corn crop as the drought worsens.
Richard Jerram, Chief Economist, Bank of Singapore says after Mario Draghi's comments, there are now expectations for action from the ECB's policy meeting on Thursday.
Sean Callow, Senior Currency Strategist, Westpac Bank says that if the ECB cut rates on Thursday, then the euro might not be the currency you want to get into.
Sean Darby, Global Head of Equity Strategy, Jefferies says that periphery nations in the Euro zone need stimulus measures to grow their way out of the current crisis.
Sean Darby, Global Head of Equity Strategy, Jefferies says any action from the Fed or ECB will likely come only after September. He explains why.
CNBC's Bill Griffeth and Sue Herera report Yahoo's Ross Levinsohn is leaving the company; and discussing what investors should keep an eye on in tomorrow's market, with Steve Rosen of Societe Generale.
According to Key Bank, the majority of companies reporting earnings are coming up short on top-line sales estimates, with Nick Raich, Key Bank, and Chris Konstantinos, RiverFront Investment Group. "A deceleration is occurring across the world," says Raich.
The Swiss National Bank is sitting on a pile of euros, and the size of that pile says a lot about where the euro is headed.
It's summertime for Europe and nothing will stop its leaders from going on "holiday," not even the growing debt crisis. CNBC's Steve Liesman and Nile Gardiner, The Heritage Foundation, weigh in.
Stocks are sitting fairly flat today, and Peter Atwater, Financial Insyghts president and author of "Moods and Markets," explains why some investors may be feeling the "blues," as well as why we may have reached the end of "me, here, now" consumerism.
The U.K. recovery remains fragile says BT chairman, Michael Rake, adding that weak investments and political instability continue to weigh.
BT chairman, Sir Michael Rake, tells CNBC that the group has improved its financial position and credibility by providing competition in the TV space.
CNBC's Julia Chatterley reports on the resignation of the Cypriot central bank governor, citing long-existing tensions between the governor and the government due to the handling of the island's bailout.