Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
A sentiment survey dents the euro, but confidence is up in Brazil — it's time for your FX Fix.
Euro zone leaders have been trying to keep the currency union intact, but some—including a high school teacher from Bavaria—say a better solution lies in local currencies, an idea that is now being pitched to Greek politicians.
Rosen Plevneliev, President of Republic of Bulgaria, discusses how to solve the global economic crisis without taxing citizens to death.
The Senate unanimously passed a bill on Saturday that would shield U.S. airlines from paying for their carbon emissions on European flights, pressuring the European Union to back down from applying its emissions law to foreign carriers, the Christian Science Monitor reports.
Three years into the global financial crisis, multinational companies that had made huge profits during the consumer boom that preceded it faced a major dilemma: people were no longer buying the expensive premium products that once sold well in Europe, the Global Post Reports.
John Rice, President & CEO, Global Growth and Operations at GE says that are tremendous opportunities in the transportation, aviation and the oil & gas sectors in China.
All the central bank stimulus is turning investors away from safe havens and toward riskier currencies, giving this strategist a plan.
The Fed's QE3 has Brazil talking currency wars, and it's also pushing up commodity prices. This strategist sees a trade.
European equities rose on Friday, briefly testing last week's 14-month highs, as banking shares were lifted by speculation Spain was moving towards a bailout request.
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.
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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.