Royal Bank of Scotland admitted it submitted erroneous data for European bank stress tests in October and had in fact only just scraped through.» Read More
CNBC's Kelly Evans reports on all the market moving events from Europe, including a look at Spain's plan to cut spending and hike taxes, and Burberry's lower-than-expected growth.
The Clash, one of the great bands of the 70’s (if that isn’t an oxymoron), had a track on their debut album called “I’m So Bored with the USA”. It came back into my consciousness when reading about the latest EU goings on this week, a re-mix would now replace “USA” with “eurozone”.
A week after an extremist right-wing party gained an electoral foothold in Greece’s Parliament earlier this summer, 50 of its members riding motorbikes and armed with heavy wooden poles roared through Nikaia, a gritty suburb west of here, to telegraph their new power, the New York Times reports.
The International Labour Organization (ILO) called on European leaders to invest in their economies and make job creation their priority on Wednesday, as it released a new report which showed 3.5 million jobs had been lost since the 2008 financial crisis and a further 4.5 million were at risk.
Andrew Robinson, FX Analyst, Saxo Capital Markets expects the euro to breach expected targets of 1.20 and hit 1.1825 despite the short rally gained from yesterday's ECOFIN conference.
A promising start but disappointing end to the trading day, Fitch reaffirms Rating on the U.S., as share price climbs traders are turning to options to trade stocks like Apple, Apple removes its green certification, Yoga instructor fired for enforcing cell phone ban at Facebook.
Richard Green, Asia Head, Structured Credit Insurance at Marsh tells CNBC that while European banks are being forced to scale down their banking activities in Asia, they are increasingly using structured credit insurance to remain competitive in the region.
Patrick Legland, Global Head of Research at Societe Generale says that debt continues to swell in the Euro Zone as growth stagnates.
Gareth Berry, FX Strategist at UBS Investment Bank says that the euro could hit 1.15 against the USD by year end.
Is the U.S. Dollar Index too strong now? Art Hogan, Lazard Capital Markets; and Keith McCullough, Hedgeye Risk Management, share their opinions. "At some point in time, the [strength in the dollar] becomes a significant tailwind," says Hogan.
The countries with the least to lose from leaving the euro aren't the ones you think - and that could be bad news for the euro.
Even though it’s only July, car enthusiasts are already looking ahead to next year’s models to determine price, fuel economy and durability.
In the wake of Friday’s disappointing jobs report, “Mad Money” host Jim Cramer thinks investors need to prepare for the possibility of a recession.
CNBC's Simon Hobbs reports on Europe's extended gains amid ESM hopes, and the impact on U.S. markets, with CNBC's Brian Shactman.
What can investors expect this earnings season? Steven Wieting, Citigroup U.S. economist, weighs in with the data.
Economic reports coming from China and Australia are creating a trading opportunity, this strategist says.
Euro zone disappoints again and British workers are on a roll — it's time for your FX Fix.
"I think people want to see a real severing between the link between the sovereigns and the banks in Spain, so lend the Spanish banks the money and don't have the Spanish government on the hook for it, that would be helpful in Europe," says Alec Young, S&P Capital IQ, discussing the latest signs of financial crisis in the euro zone, and weighing in on ways to ease the fiscal problems there.
CNBC's Kelly Evans reports on all the market moving events from Europe, including EU ministers setting the parameters of an aid package for Spain's ailing banks, allowing an extra year to cut deficit to 3 percent by 2014.
Conservative euroskeptics MPs are to unveil a lengthy shopping list of proposed reforms to the UK’s relationship with the EU as part of an attempt to return powers from Brussels, the Financial Times reports.
John Ducas, founder at Ducas Capital Management talks about his financial research firm and his assessment processes including using social media platforms for decision-making.
Douglas Morton, head of Asia research at Aviate Global discusses China's recent moves to cut interest rates and how it was a surprise to many because it was such a "broad-based interest cut".
Amjad Bashir, MEP of UKIP talks about what the UK Independence party would bring to the UK, in terms of the EU referendum, cutting the deficit, trade and immigration.