Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
James Ashley, Senior Economist at RBC Capital Markets says the Spanish government will need external support to get through this crisis. He shares his view on the type of bailout Madrid will need to survive. He's also downbeat on Italy, saying that the country is likely to be recession throughout this year, and possibly into next year.
Mark Mobius, Executive Chairman, Templeton Emerging Markets Group expects the European Union to take three or four years to resolve its debt issues but is optimistic that the bloc is moving in the right direction.
Spain’s high government bond yields are right where they should be given the country’s inflation outlook, Mark Mobius, Executive Chairman at Templeton Asset Management's Emerging Markets Group told CNBC on Wednesday.
Greg Gibbs, Senior Currency Strategist at RBS anticipates more quantitative easing by the Fed in the next quarter in the form of purchases of mortgage backed securities.
Richard Yetsenga, Head of Global Markets Research at ANZ says that the way Greece's economy operates means that it should never have joined the euro zone.
Richard Yetsenga, Head of Global Markets Research at ANZ says that QE3 is inevitable as the U.S. still faces significant headwinds. However, what form it will take is unknown.
Mild mannered Switzerland is putting downward pressure on the common currency.
So what are some of the prohibited and restricted items in 2012 Olympic venues? Click ahead for some of the most interesting examples.
Greece's official lenders are signaling a growing reluctance to keep paying the bills of the nearly bankrupt nation, even as the government seeks leniency on its bailout terms.
With the Olympics about to begin, here's how to trade the games.
CNBC's Simon Hobbs reports on all the market moving activity from Europe, and an update on U.S. stocks, from CNBC's Brian Shactman.
New figures showing the U.K’s growth domestic product falling by 0.7 percent in the second quarter from the first should be taken with a pinch of salt, and calls into account the credibility of this data, James Knightley, UK Economist at ING told CNBC.
The rise in Spain’s bond yields to above 7 percent raises the issue of potential further ratings downgrades for the country.
British output falls and kiwis drop — it's time for your FX Fix.
The euro zone debt crisis has reached a critical level and has left the bloc with limited time to find a solution, Jim O’Neill, Chairman at Goldman Sachs Asset Management told CNBC on Wednesday.
Jim O'Neill, Goldman Sachs Asset Management chairman, explains how to navigate Europe's volatile equity markets.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a rise in European stocks.
The London Interbank Offered Rate (Libor) is flawed and should no longer be calculated by the British Bankers’ Association (BBA), Howard Davies, Professor at Sciences Po and former chairman of the Financial Services Authority told CNBC.
Volatile equity markets are moving between despair and panic as they struggle to foster some positive sentiment from the increasingly gloomy macro-economic picture, Peter Toogood, Director of Investment at Old Broad Street Research told CNBC’s “Squawk Box Europe”.
Germany’s borrowing costs may be below those of the US – that safest of havens – but that has not spared Berlin from being given a negative outlook by Moody’s, the credit rating agency, the Financial 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.