Shares in troubled Portuguese lender Banco Espirito Santo slumped 50 percent on Thursday, after trading in the stock resumed following poor results.» Read More
Steven Wieting, Managing Director & U.S. Economist at Citi Investment Research and Analysis says markets are running out of patience with 'small steps' taken by the EU. EU policy makers will eventually take radical steps to solve crisis, but they will be 'reactive', he says.
Steven Wieting, Managing Director & U.S. Economist at Citi Investment Research and Analysis says that the case for full-blown QE will depend on a 'cataclysmic' shock to the U.S. economy.
Robert Michele, JPMorgan Asset Management Global CIO, shares his view on the European debt crisis, Fed policy and finding value in bonds.
CNBC's Simon Hobbs reports European stocks closed the day higher ahead of the Fed announcement on interest rates. CNBC's Rick Santelli and Bob Pisani weigh in.
In ten days on July 1st a sweeping European Union ban on Iranian imports will go into effect in response to the Islamic Republic’s burgeoning nuclear program. In addition, and just as importantly, EU based insurance firms will no longer be able to insure any ship carrying Iranian oil.
The euro lifts, and British pound slips, and the Afghan currency don't get no respect — it's time for your FX Fix.
Jack Welch, former GE chairman & CEO, shares his thoughts on the continued financial crisis in Europe; and the outlook on the U.S. economic recovery.
With the presidential race largely focused on the economy and the budget, both candidates are at times stretching the truth, using statistics without context, exaggerating their own records and misrepresenting their opponent’s, the New York Times reports.
"More importantly, Europe and the emerging markets are worse," says Jack Welch, former GE chairman & CEO, sharing his thoughts on the state of the global economy, and the impact of regulations on economic recovery.
The number of Greeks filing and paying their taxes shot up sharply in the wake of Sunday’s contentious elections.
CNBC's Carolin Schober reports on all the market moving events from Europe, including a look at the choppy trading session, as investors await word from the Fed.
The Bank of England is on the verge of approving another round of monetary stimulus, with Governor Mervyn King supporting an extra 50 billion pounds ($78.5 biillion) of gilt purchases, minutes to its June 6-7 policy meeting showed on Wednesday.
Greece might be in economic crisis mode and getting productivity levels up might take time, but there are signs of improvement according to one economist.
The positive sentiment from Greece's election lasted barely a few hours. The same problems for the euro zone that we’ve been tracking since January 2010 haven’t gone away, and are sending markets down the sell path again, says Moorad Choudhry
US lawmakers and regulators have attacked London as a source of financial crises and promised tougher crossborder rules in the wake of $2 billion of trading losses at the UK unit of JPMorgan Chase., the FT reports.
“Marry in haste; repent at leisure.” Full of impetuous ardor, Germany’s partners seduced – some might say blackmailed – the continent’s most powerful economy into sacrificing monetary independence two decades ago, the Financial Times reports.
Adobe beats earnings but shares fall; Jamie Dimon takes to Capitol Hill again but little new is learned; Wall Street waits to see what the Fed will do tomorrow; Steve Wynn’s former wife sues to sell her shares.
Leading hedge fund managers are betting on a significant sell-off in German government bonds in the coming months after a sharp fall in yields on the debt paper driven by a flight to safety in the eurozone, the Financial Times reports.
Donald Hanna, Managing Director, Fortress Investment Group says the sharing of costs within the euro zone has been the heart of the problem.
Dominic Rossi, Global Chief Investment Officer, Equities at Fidelity Worldwide Investment says that Germany is becoming increasingly isolated and that a banking union is unlikely anytime soon.
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John Stephenson, president and CEO of Stephenson & Company Capital Management, discusses ExxonMobil ahead of earnings and says the results should be "pretty good".
The euro zone is probably already in deflation, says Mario Greco, CEO of Generali, adding that Europe needs more reforms to boost its labour market and competitiveness.
James Rickards, chief global strategist at West Shore Funds and author of 'The Death of Money', says it's too early to say whether Argentina's default will be contained.