When it comes to tech ‘unicorns’ - or companies with billion-dollar valuations - Europe is closing in.» Read More
CNBC's Kelly Evans reports on all the market moving events from Europe, including a look at Spain's short-term debt auction of 3.08 billion euros, paying the highest rate since November.
Egypt’s stock market soared on Monday, following the official election of the country’s new president, Mohammed Morsi of the Muslim Brotherhood. In his first address to the nation, Morsi called for national unity as he sets about building a civilian administration for the country.
When London won the bid to host Olympics seven years ago, the city promised that the Games would leave a legacy of the revitalization of historically underdeveloped East London as well as new sporting facilities. This promised legacy was an important part of the city’s bid.
The Dow drops again to start the week; Lennar to in talks to talk $1.7 billion in loans from China; Facebook COO to join the board; Microsoft buys Yammer and Moody’s downgrades 28 Spanish Banks.
With U.S. stocks extending losses on Monday, one asset manager says the stock market is like a car that is leaking oil, adding that the lack of strong policy action by politicians in Europe is likely to lead to more volatility and further declines in equities.
Tou Chen Chang, Managing Director & Head of Global Banking, Southeast Asia at HSBC says that investors are returning to the safety of currencies like the U.S. dollar and Japanese yen.
The European Union would gain far-reaching powers to rewrite national budgets for eurozone countries that breach debt and deficit rules under proposals likely to be discussed at a summit this week, according to a draft report seen by the Financial Times.
CNBC's Brian Shactman reports on the rough day for the stock market; and Mike Holland of Holland & Company and Jeffrey Kleintop of LPL Financial, share their opinions on how to make money in a time of uncertainty.
Distinguished market expert Neel Kashkari, of PIMCO, offers insight on global recession and whether China is worse off than investors think. "An extreme hard landing is not impossible, so we all have to be protecting against the downside," says Kashkari.
Uncertainty still lingers in Europe and investors are fleeing to safe havens like gold and Treasurys. James Paulsen of Wells Capital Management, explains why he doesn't think this is a good strategy.
Bankrate.com reports that some 28 percent of Americans have no emergency savings. Is irresponsibility to blame or is something else at work? Greg McBride, Bankrate.com, and Dan Mitchell, Cato Institute, weigh in.
The German Finance Ministry has estimated the cost of a euro zone breakup, and it's not pretty.
David Sowerby, Loomis Sayles, is staying cautious "near-term," calling the U.S. fiscal debt the bigger issue for the markets than Europe. Michael Cuggino, Permanent Portfolio Family of Funds, and Nathan Bachrach, The Financial Network Group, weigh in.
Maybe the Spanish government should issue coupons to the rest of the world to spark up demand for Spanish goods.
In one week, a EU-wide ban on Iranian oil goes into effect along with EU-wide ban on insuring any ship carrying Iranian oil, with John Hofmeister, Shell's former president & CEO.
The euro has taken another leg lower and investors remained worried about global growth concerns, with the FMHR traders. Meanwhile John Rutledge, Rutledge Capital, says that although China is slowing, it will not see a hard landing.
CNBC's Simon Hobbs reports European stocks and the euro extend their losses as worries about the EU economy mounts, impacting U.S. markets. CNBC's Courtney Reagan, Rick Santelli and Yra Harris, Praxis Trading partner, weigh in.
CNBC's Gary Kaminsky reports on the "very serious slowdown" in Europe and weighs in on why he does not think the euro will survive.
Wasif Latif, USAA Investments, discusses what's driving stocks down today ahead of the EU's summit.
Marchel Alexandrovich, Jefferies International aenior European economist, provides a preview of this week's European summit and whether the U.S. has a role to play in the EU's financial recovery.
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CNBC's Phil Han looks at the launch of Qantas' new business class suite and the fight for passengers in Australasia.
Irene Muloni, minister of energy and minerals for Uganda says commercial reserves of petroleum and gas have recently been discovered in the country.
European shares closed higher on Tuesday as buying was fueled by corporate earnings and reports the ECB would provide extra liquidity in the near future.