Evidence is mounting that austerity isn't working yet Germany and other European nations have doubled down on it, says Nobel laureate Joseph Stiglitz.» Read More
Gillian Tett of the Financial Times says markets may be headed for another "summer curse" and she points to five reasons why.
Paul Mackel, Senior FX Strategist, HSBC says markets will jump at opportunities to sell the euro on rallies, adding that the currency could hit a record low this year.
Kathy Lien, Managing Director, BK Asset Management says that given the pessimistic outlook from the ECB, traders are expecting more easing from the central bank.
On July 4, members of UK Parliament grilled an American banking executive who had to resign this week. CNBC's Kelly Evans offers an update on Barclays' rate fixing scandal.
Jeffrey Cleveland, Payden & Rygel senior economist, discusses today's ECB interest rate cut, and whether a weak jobs number tomorrow will drive the Fed to issue additional quantitative easing.
CNBC's Michelle Caruso-Cabrera reports European shares closed lower after negative comments from ECB President Mario Draghi, and a look at the impact on U.S. markets, with CNBC's Mary Thompson.
Evidence is mounting that the economy is taking a hit because Congress can't – or won't – deal with the 'fiscal cliff' looming at year's end. The fight on Capitol Hill last summer over the national debt limit also took an economic toll., the Christian Science Monitor reports.
Discussing the conditions of Manchester United's U.S. IPO plans, with Dennis Berman of The Wall Street Journal. "These are emotional companies, people have obviously very strong feelings for the soccer club, and that is why I almost find it exploitive," says Berman.
Moody's and Standard & Poor's both lowered their outlooks on Barclays to "negative" from "stable" in the wake of the interest rate manipulation scandal. CNBC's Kelly Evans reports.
It lasted more than three hours. But despite speaking fluently for most of that time, Bob Diamond’s interrogation by MPs on Wednesday left unanswered many of the questions surrounding Barclays, the bank from which he resigned as chief executive on Tuesday. The FT reports.
In these excerpts from a live interview, Mark Mobius, executive chairman at Templeton Emerging Markets Group, tells CNBC why he is optimistic about Europe.
CNBC's Kelly Evans reports on all the market moving events from Europe, including UK lawmakers voting on the next step for the Libor rate-fixing probe, and an expected rate cut by the ECB.
There is room for optimism that Europe's economy will recover, Mark Mobius, Executive Chairman at Templeton Emerging Markets Group told CNBC on Thursday, as companies in fast-growing emerging markets look to make acquisitions in the region.
Spain’s banking crisis has moved into the courtroom, the New York Times reports.
There is still more agony to come for Spanish banks, the Financial Times reports.
Ray Attrill, Co-Head of FX Strategy at NAB says that the barrier to more QE from the Fed is pretty high.
Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC says that markets are focusing on whether the ECB will cut bank deposit rates.
The rate fixing scandal currently engulfing British bank Barclays will not stop at the UK’s borders but is likely to involve banks in a number of countries, Joaquín Almunia, EU Commissioner for Competition, told CNBC Wednesday.
I was in Ischia, off the coast of Naples, during the latest eurozone summit. Many of the Italians present during the award of this year’s Ischia prizes for journalism thought that Italy had won two victories over Germany: in football, at the European championships, and in economics, at the European summit, the Financial Times reports.
The appearance of Bob Diamond, the departed chief executive of Barclays, before a UK Treasury select committee on Wednesday will focus attention on movements in the London interbank offered rate over a crucial two-day period at the height of the financial crisis in 2008, the Financial Times reports.
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The Hong Kong protests are "unsettling" for businesses, says Anson Chan, former Hong Kong chief secretary, adding that the international community should be more involved.
Anson Chan, former Hong Kong chief secretary, says the Hong Kong authorities' response to the protests is surprising, and that this crisis is entirely "of the government's making".
Phyllis Papadavid, senior global foreign exchange strategist at BNP Paribas, says the latest euro zone inflation data "confirms" that investors should short the euro against a range of G10 currencies.