Swiss watch exports to China saw a bumper 49 percent rise in July from the same time last year, industry figures show, a remarkable return to growth.» Read More
They toppled a pharaoh, but now the small circle of liberals, leftists and Islamists who orchestrated Egypt’s revolution say they realize they failed to uproot the networks of power that Hosni Mubarak nurtured for nearly three decades, the New York Times reports.
“We are moving from being a Western country to a poor country,” George Protopapas, national director of international charity SOS Children’s Villages, told CNBC.
Europe’s currency union may be inching ever closer to the brink of collapse, but Chancellor Angela Merkel has a message for those pressing her to ride to the rescue: Germany is not as strong as it looks, and certainly not strong enough to prop up the rest of Europe, the New York Times report.
The markets jump on reports central banks are putting plans in place to prepare for the Greek elections; UK bankers say they will take whatever steps necessary to protect their currency; the video game industry continues its free fall; Allen Stanford is sentenced to 110 years in jail.
At least one country will leave the eurozone in the next five years, according to a survey of central bank reserve managers who collectively control more than $8,000 billion. The FT reports.
Randy Kroszner, Professor Of Economics, University of Chicago Booth School of Business and also Former Federal Reserve Governor, says that coordinated global central bank action makes sense.
Michael Woolfolk, MD & Senior Currency Strategist, BNY Mellon says that foreign exchange prices should be market driven.
Will Oswald, Global Head of FICC Research, Standard Chartered Bank says that funding markets right now are not signalling that there's a need for any action from the ECB.
Don Luskin, Chief Investment Officer at Trend Macro says a banking failure in Europe will not be a Lehman-type event because nobody will lose money from it.
Many CEOs are now asking how Europe’s debt woes will actually impact their business, Cramer said.
Peter Morici, Professor, Robert H. Smith School of Business at University of Maryland says central banks are preparing for the Greek election to result in a hung parliament.
Don Luskin, Chief Investment Officer at Trend Macro says pressure has to be kept on the Europe so that countries there would undertake reform.
Should investors expect more wild action in tomorrow's market? Chad Morganlander, Stifel Nicolaus; John Spallanzani, GFI Group; and Rick Fier, Conifer Securities, share their opinions.
A big day for the markets, but is this rally for real? Joe Dear, CalPERS CIO, weighs in. "[Markets] are in a pessimistic phase, we will work through the credit excess, and then we will be in a more optimistic phase," says Dear.
CNBC's Steve Liesman and the "Closing Bell" crew discuss Bank of England's Mervyn King making definitive remarks on policies that could come from the Bank of England.
Economic reports are dicey and Greek elections are looming, but this strategist thinks it's time to put risk on.
What's behind the market's afternoon pop? Omar Aguilar, Charles Schwab Investment Management; Anthony Chan, JPMorgan Private Bank; and Stephanie Link, TheStreet, weigh in.
CNBC hits the streets of Astoria, Queens in New York City - a neighborhood which has one of the largest Greek populations outside of Greece - to get the latest on-the-ground reaction to the financial crisis in Greece.
Where should investors go for returns in the market right now? Omar Aguilar, Charles Schwab Investments Management and Matt Cheslock, Virtu Financials, offer insight.
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Finn Kydland, professor of economics at the University of California and 2004 Nobel Prize Laureate, discusses monetary policy and says the Fed's recent behavior raises questions.
Natalie Berg, global research director at Planet Retail, describes U.K. retail sales as "disappointing" and discusses the supermarkets' "price war".
Christian Schulz, senior economist at Berenberg Bank, and Hans Redeker, global head of foreign exchange strategy at Morgan Stanley, discuss the euro zone and what is needed for stronger growth.