Greece had a primary surplus of 0.8 percent of GDP last year, paving the way for some form of debt relief from euro zone governments.» Read More
Australian billionaire Gina Rinehart, the world's richest woman, has told Australians envious of rich people that they should stop complaining, work harder, and cut down on drinking, smoking and socializing.
Italy lifts the euro but China sinks the Aussie -it's time for your FX Fix.
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.
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Hans Vestberg, CEO of Ericsson, says that the decline in revenue in the first quarter was very much expected and expects sales in the mobile infrastructure business to increase as the year progresses.
MacNeil Curry, head of global technical strategy at Bank of America Merrill Lynch, expects gains in the U.S. stock markets to continue and for the S&P 500 to reach new highs.
Martin Schulz, senior economist at Fujitsu Research Institute, says the U.S. and Japan need to strengthen their economic relations and that the Trans-Pacific Partnership will be the main issue of this visit.