Mark Reilly, former chief of GSK in China, will be deported from the country, avoiding jail time there in a corruption scandal, sources say.» Read More
Steve Forbes, Forbes Media chairman & editor-In-chief, and Jeremy Siegel, Wharton School finance professor, discuss how escalating tensions in Gaza are impacting oil prices, and the markets. "We're not energy independent yet," Siegel added.
Danish conglomerate AP Møller-Maersk has delivered a damning assessment of the state of the container shipping sector by signalling it will switch investment to its other businesses. The FT reports.
High tax levels in France have recently made the headlines, whether it be regarding the new 75 percent income tax, or over celebrities leaving the country on a quest for tax havens. But France’s main tax issue may lie elsewhere, Fanny Combourieu, lawyer at SJ Berwin, a law firm specializing in tax law, told CNBC.
Starting in the late 1990s, Spanish companies began a drive into Latin America that resulted in their takeover of some of the region’s most prized assets. Now, Prime Minister Mariano Rajoy of Spain wants the investment to flow in the other direction, the New York Times reports.
President Barack Obama flew into Myanmar on Monday, becoming the first U.S. head of state to visit the country - a former pariah state that has taken the world by surprise with speedy political and economic reforms in the past year after five decades of military rule.
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.
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Power will definitely be devolved to the Scottish people, says Alistair Carmichael, Scottish Secretary of State, as all three U.K. political parties have agreed to it.
Todd Horwitz, author and founder of Averagejoeoptions.com, says the U.S. equity market is "very close to a top" and could start to see some selling pressure.
Josef Schuster, founder of IPOX Schuster, and Jeffrey Dachis, CEO and co-founder of Razorfish, discuss the Alibaba IPO and whether the group will be able to continue to grow as it has so far.