BP, the U.K. oil giant, announced a 34 percent rise in profits Tuesday – but its results bore out the importance of its Russian investments.» Read More
Is it time for some eurozone governments to start selling that metaphorical family silver? Or, more specifically look at their all-too-real gold reserves, to find a solution to Europe’s crisis? That is a question which has recently been buzzing around in some policy making and investing circles. The FT reports.
This strategist says the euro has gotten ahead of itself.
Australian billionaire Gina Rinehart, the world's richest woman, has told Australians envious of rich people that they should stop complaining, work harder, and cut down on drinking, smoking and socializing.
Italy lifts the euro but China sinks the Aussie -it's time for your FX Fix.
The announcement that Antony Jenkins has been appointed as chief executive of troubled U.K. bank Barclays helped stave off bigger losses for the shares on Thursday, following the announcement of a new investigation into the lender.
The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter, suggesting growth will stay weak in the second half of the year, the Christian Science Monitor reports.
Antony Jenkins, head of Barclays retail and business banking unit, has been appointed as chief executive of the bank, with a mandate to launch a root and branch review after a series of scandals rocked it to the core.
When the world’s central bankers make their annual trip to Jackson Hole it often makes news. But seldom has a central banker’s non-attendance at the Federal Reserve Bank of Kansas City’s symposium grabbed so many headlines as ECB president Mario Draghi’s decision this week to pull out. The FT reports.
Prosecutors say they have unearthed evidence in recent international money-transfer investigations that Chinese banks may have flouted United States sanctions against Iran. The NYT reports.
Investors are anticipating big things from the European Central Bank's upcoming meeting, but this strategist is looking longer term.
In a modern economy, monetary and fiscal policy disciplines are just that, essential disciplines that must be maintained for the good of the country and the well-being of the citizenry. Like most things requiring discipline if they are to be administered well, they call for an objective, dispassionate and logical approach to analysis and problem solving.
German Chancellor Angela Merkel is raising expectations that action for the euro is coming. Mark Zandi, Moody's Analytics, offers insight.
CNBC's Simon Hobbs reports on all the market moving activity from Europe, and an update on oil prices, with CNBC's Sharon Epperson.
Draghi's comments lift the euro and Spain and the EU make a deal - it's time for your FX Fix.
This month, Mr. Draghi stared down bearish international traders who were convinced that Europe’s common currency project would collapse. The NYT Reports.
The United States has produced one of the most successful economic stories in human history. The Global Post explains.
Norway has joined forces with Qatar in opposition to the $70 billion merger between commodities trader Glencore and miner Xstrata, further threatening one of the biggest deals in the natural resources industry over the past decade, the FT reports.
European markets are set for a mixed open on Wednesday after the Catalonian region in Spain asked for a financial lifeline from the national government, raising concerns that the country itself will soon ask for a bailout.
European Central Bank President Mario Draghi's canceling of his Jackson Hole speech spells a buying opportunity, this strategist says.
With European Central Bank President Mario Draghi skipping Jackson Hole, this strategist sees a trade.
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Nick O'Donnell, partner for capital markets at Baker & McKenzie, explains that there's been an "explosion" in cross-border IPOs in the past year.
Atul Goyal, analyst at Jefferies, says Nintendo needs to change strategy and go where their customers are: mobile.
Filippo Alloatti, senior research analyst at Hermes Fund Managers, comments on Deutsche Bank's latest results and says the tone used by management is concerning.