UBS posted a second-quarter net profit of 792 million Swiss francs, as it booked a $280 million charge to help settle litigation in Germany.» Read More
When, towards the end of World War II, the British economist John Maynard Keynes led his country’s delegation to negotiate in Bretton Woods the IMF’s charter (articles of agreement), he argued that the stability of the international monetary system and world economy required that surplus and deficit countries should be held equally responsible to balance their trade accounts.
EU officials have begun work on a plan to create a long-term budget without the UK in a move that reflects mounting frustration that Britain’s demand for a spending freeze cannot be reconciled with the rest of the bloc. The FT reports.
A prominent US bond investor has increased an already aggressive bet on Ireland’s recovery from the financial crisis, raising eyebrows among rival fund managers. The FT reports.
Google reported sales of more than $4 billion in Britain last year. It paid less than $10 million in taxes. The NYT reports.
Barack Obama will arrive in Bangkok on Sunday, the first leg of a three country tour that will include bilateral talks with Thai prime minister Yingluck Shinawatra and the first visit by a sitting US president to Myanmar. The FT reports.
The currency markets should be less volatile ahead of the U.S. holiday, and that means good news for a key risk-sensitive currency.
If you want to profit from the North American auto market, take a look at the best of the bunch: AutoNation and CarMax, with Mad Money host Jim Cramer.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.
European shares closed down on Friday, with losses led by the banking sector, in tandem with weakness on Wall Street due to ongoing concerns about the U.S. fiscal policy outlook.
The fiscal cliff walk begins and the yen takes a breather — it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, including
France’s economy will come through and “resist the crisis” despite worries about low growth and the need for labor market reform, its Finance Minister Pierre Moscovici told CNBC.
Peter Griffin, head of global risk assessment and sovereign fixed income at Global Interest Rates Limited, says a Greece debt deal is unlikely until September 2013.
France’s socialist government seized on better than expected economic growth figures to reject concern that France could become the next focus of the euro zone crisis, insisting it is acting to reform the flagging economy. The FT reports.
European bank debt, once an investment pariah, is suddenly popular. The NYT reports.
Ron Kirk, U.S. Trade Representative says that China has not fully embraced all of its trade liberalizing commitments and that America's relationship with China is filled with both opportunities and challenges.
The common currency is steadying and the yen is sliding - which is giving this pro an idea.
Today's market losses are adding to those since the U.S. election. Ben Pace, Deutsche Bank; Scott Colyer, Advisors Asset Management; and CNBC's Amanda Drury, discuss where opportunities in the market are.
Markets are currently off their lows, and discussing investment strategies ahead of the fiscal cliff, with Sara Zervos, Oppenheimer Funds; Marc Harris, RBC Capital Markets; and CNBC's Bob Pisani.
How investors can participate in market uncertainty, with Brian Singer, William Blair; Keith Springer, Springer Financial Advisors; Joe Greco, Meridian Equity Partners; and CNBC's Jeff Cox.
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CNBC's Hadley Gamble reports on the latest developments in the Israel-Gaza conflict after the latest ceasefire failed and fighting resumed.
Dan Scott, vice president of investment strategy and research at Credit Suisse, says there is a need for consolidation in the European telecoms sector.
Sergio Ermotti, CEO of UBS, says the Swiss bank's business model is working in "tough market conditions" as it posted a second-quarter net profit of 792 million Swiss francs ($875 million).