Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
Martin Lakos, Division Director, Macquarie Private Wealth recommends betting on a recovery in the U.S. economy via Australian companies including Amcor and Computershare.
Gary Schlossberg, Chief Economist, Wells Capital Management says that the jury is still very much out on the effectiveness of QE3. The U.S. economy needs lower fuel prices and stability in the Euro zone before a rebound can occur.
Click to see some of the hottest new releases from Europe’s biggest car makers at the 2012 Paris Motor Show.
CNBC's Bob Pisani chats with Art Cashin, UBS, about Fed chief Bernanke's comments today.
Currency investors got frisky in the third quarter and risk currencies rose, but this strategist senses a mood shift.
CNBC's Simon Hobbs reports EU stocks moved higher on Monday as concerns over Spanish banks eased, and CNBC's Mary Thompson has the details on American Expressed ordered to refund $85 million to consumers. Also, Gary Kaminsky, weighs in on the cause and effects of quantitative easing.
For the last three months, investors have been ignoring the weak economic backdrop and plowing money into stocks.
CNBC's Ross Westgate reports on all the market moving events from Europe, including whether Moody's will downgrade the country's credit rating to junk status.
The differences in approach could not be more distinct — or telling. Fresh austerity measures were announced last week by Prime Minister Mariano Rajoy of Spain. Two of the most economically distraught countries in the euro zone, Greece and Spain, mapped out additional budget cuts last week, the New York Times reports.
The financial services sector has cut 9,000 jobs over the past three months as business volumes and profitability fell for the first time in more than three years, the CBI employers’ group and PwC have reported, the Financial Times reports.
European markets are set to extend losses on Monday as investor concerns turn to Spanish bank recapitalization needs and a possible downgrade to the country’s credit rating.
Moorad Choudhry, Treasurer, Head of Treasury, Corporate Banking Division, Royal Bank of Scotland says that in the short term, his worry is more about whether Madrid can take control of its debt situation, rather than whether a province will secede.
Clifford Bennett, Chief Economist, Orb Global Investments, says that Spain's sovereign debt challenges could last another 10 to 15 years.
The UK’s plan to reform the world’s most important lending rate will guide a global drive towards more transparent and reliable pricing for everything from home mortgages and gold to heating oil, regulators said on Friday. The FT reports.
At a time when the world's attention is nervously focused on the European economy, there is a bright spot worth noting, and it can be found in Denmark.
The stress test for Spanish banks wasn't pretty, but this strategist sees a buying opportunity.
The Federal Reserve’s latest round of monetary stimulus could be disastrous to the US economy, claimed Albert Edwards, strategist at Societe General, who also sees future US economic difficulties taking their toll on global equity markets.
Spain's crisis budget lifts the euro and the Japanese go shopping — it's time for your FX Fix.
For many investors the possible downgrade of Spain’s debt to junk status by Moody’s next week is just another looming risk that threatens to disrupt the recent rally in risky assets, the Financial Times reports.
The London real estate market was abuzz. A wealthy Greek banker wanted to spend up to £60 million (nearly $100 million) for a home, and was in a hurry to make a deal. Evangelos Meimarakis, the president of the Greek Parliament, is among the more than 30 Greek politicians under investigation for possible tax evasion and the illegal accumulation of wealth, the New York Times reports.
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Tim Graf, head of macro strategy for Europe at State Street Global Markets, says that global confidence, while still high, is deteriorating.
The underlying problems in Europe's southern economies have not been solved, says Hans-Werner Sinn, president at the Ifo Institute. He also criticizes the ECB potential use of quantitative easing.
Nik Stanojevic, equity analyst at Brewin Dolphin, says Iliad's bid to take over T-Mobile U.S. is surprising and that the price is below the U.S. provider's value.