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
CNBC's Steve Liesman breaks down the data on the IMF's forecast for global growth, including the downside risks from Europe's financial crisis and the U.S. "fiscal cliff."
When the world watches American Olympian Nick Symmonds go for gold in the men’s 800 meter competition at the London Olympics, viewers may notice something different about his outfit.
The euro slips on debt worries and the dollar dips awaiting Bernanke — it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a look at equities; weighed down by earnings worries.
As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the center of the scandal. The New York Times reports.
Despite worries about the global economy, the rapidly unfolding Libor scandal and pressure from regulators around the world, this is a good time to buy U.S. banking stocks, according to Dennis Gartman, author of The Gartman Letter.
The head of Europe’s top banking regulator has raised the bar for lenders’ capital requirements, insisting that the 9 percent capital ratio they had to hit as a “temporary buffer” by June is to become permanent, the Financial Times reports.
The tech companies are trying to catch the blockbuster iPad in a race to win the tablet market, the New York Times reports.
Ben Bernanke’s semi-annual testimony to congress will be the markets' big focus this week, with investors looking for clues on whether weaker economic data will see the Federal Reserve governor indicate he is ready to pull the trigger on a third round of quantitative easing or QE3.
They are supposed to be among Wall Street’s most closely guarded secrets: changes in research analysts’ views, up or down, of a company’s prospects. But some of the nation’s biggest brokerage firms appear to be giving a handful of top hedge funds an early peek at these sentiments — allowing them to trade on the information before other investors get the word, the New York Times reports.
Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets, the Financial Times reports.
John Noonan, Senior FX Analyst at Thomson Reuters says that the ECB needs to do more printing than the Fed over the next few months. He sees the euro heading towards the 1.18/19 level.
Paul Gambles, Managing Partner, MBMG International says that U.S. banks are $1-2 trillion dollars under-capitalized
Hublot exports 40 percent of its products to China. With China’s GDP numbers out Friday morning indicating economic growth falling to 7.6 percent, the slowest pace in three years, the luxury time-piece company has a lot to think about.
Marc Faber of "The Gloom, Boom & Doom Report," reacts to China's GDP data, and today's market rally. Tim Seymour of EmergingMoney.com; Ron Shah, Managing Partner, Jina Ventures; and Richard Ross, Auerbach Grayson, weigh in.
Is it possible that Italy will leave the euro zone before Greece? One analyst says it could happen, with CNBC's Melissa Lee, the Money In Motion traders and David Woo, BofA Merrill Lynch.
Iran has announced plans to start building its first nuclear submarine—a piece of advanced military technology that only the most powerful nations on earth are even able to construct—and which runs on uranium enriched to such a level that it can double as the fuel source for a nuclear bomb.
With much of Europe sliding back into a recession auto sales have dropped to the lowest level since 1994. Compounding the problem for automakers is a price war in the industry that is cutting into already squeezed margins.
Now that corporate norms no longer apply across the board, nontraditional office spaces have become more common. Click ahead to see some of the coolest corporate headquarters in the world.
China stays on target and Italy takes a rating cut - it's time for your Friday FX Fix.
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.