Holders of dollar-denominated bonds at Bulgaria's Corpbank are gearing up for legal action against the government if the bond defaults.» Read More
Ray Dalio, founder and co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, predicts a “10 to 15 year managed depression” in Southern Europe. In a worst case scenario, he painted a much darker picture.
Praise all around for Mario Draghi and his ECB's bold strategy of "conditional" bond buying across the euro zone, if and when deemed necessary. "This is the big game changer", insists Polish finance minister Jacev rostowski, echoing what virtually all of his colleagues both inside and out of the EU have voiced over these past weeks.
Spain bailout hopes lift the euro and Brazil fires a warning shot — it's time for your FX Fix.
Euro zone leaders may feel like they are amid the throes of the longest hangover ever as the region struggles with an addiction to debt and finds it hard to sober up. But never fear! CNBC is on hand to help with its Twelve Steps guide to put the euro zone back on the path to recovery.
It may be the age of austerity for many in Britain. For a former doctor, Geoffrey Lipman, it is anything but. Dr. Geoffrey Lipman, who is retired, gets about $78,000 a year in his government pension.
The Italian government has slashed its economic growth forecast for 2012, saying the eurozone’s third largest economy is now heading for a contraction of 2.4 per cent, twice as deep as it previously estimated. The FT reports.
Jim Cramer explains why Howard Schultz reminds him of Steve Jobs, the late founder and CEO of Apple.
It's not known exactly what the presidential candidates will talk about, but the theme of this year’s conference is decidedly non-political. In fact, it's downright world-builder-y: "Designing for Impact."
EU authorities are working behind the scenes to pave the way for a new Spanish rescue program and unlimited bond buying by the European Central Bank, by helping Madrid craft an economic reform program that will be unveiled next week, the FT reports.
Economic reports from China and Europe have been disappointing, but for this strategist, they suggest a bullish trade.
"In a normal year before 2008 you’d find 20 percent of the £2 million-plus market was ‘City money’," says a London real-estate agent.
Emerging market currencies have been laggards, but this strategist thinks that could change.
Spain borrowed money at the lowest rates in months on Thursday, but the country's business leaders want the government to seek help from the European Central Bank to prevent the country’s interest rates from rising again.
European shares closed lower Thursday, hurt by a disappointing business activity report and amid ongoing worries over global growth.
Safer to own than to consume, tobacco stocks have earned enormous returns for investors during the euro zone crisis, mimicking the safe haven of the fixed-income markets sought by jittery investors.
The euro takes a hit and investors ready for more central bank moves — it's time for your FX Fix.
Job-description messages in the "Mission: Impossible" movies self-destruct in five seconds. In the British banking world, the latest was printed in the employment pages for everyone to see.
The European Central Bank is facing renewed calls to publish the minutes of its monthly meetings so that the public can see more clearly which way members of the interest rate-setting committee have voted, the FT reports.
Forget the sharp slide in oil prices. What’s really concentrating minds in oil markets is the huge sums at stake in a bet on the direction of Brent and WTI — the world’s most heavily traded crude benchmarks.
Indian opposition parties and shopkeepers launched a day of protests and strikes on Thursday against a rush of economic reforms by the Congress-led coalition government, which include cuts in diesel fuel subsidies and the liberalization of the retail trade. The FT reports.
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Anders Runevad, CEO at Vestas, talks about the company's turnaround strategy and how it restored confidence to the wind sector.
Jon Reynolds, CEO of Swiftkey, discusses the U.K. start-up scene and says that global investors are starting to look at the U.K. for future opportunities.
Jean-Pierre Camadieu, chairman & CEO of Solvay, describes Brazil as the "weak point" for the company and says more M&A activity is on the way.