Greece's tourism chief has appealed to holidaymakers to use credit cards to fight tax evasion, The Guardian reports.» Read More
Currency investors got frisky in the third quarter and risk currencies rose, but this strategist senses a mood shift.
CNBC's Simon Hobbs reports EU stocks moved higher on Monday as concerns over Spanish banks eased, and CNBC's Mary Thompson has the details on American Expressed ordered to refund $85 million to consumers. Also, Gary Kaminsky, weighs in on the cause and effects of quantitative easing.
For the last three months, investors have been ignoring the weak economic backdrop and plowing money into stocks.
CNBC's Ross Westgate reports on all the market moving events from Europe, including whether Moody's will downgrade the country's credit rating to junk status.
The differences in approach could not be more distinct — or telling. Fresh austerity measures were announced last week by Prime Minister Mariano Rajoy of Spain. Two of the most economically distraught countries in the euro zone, Greece and Spain, mapped out additional budget cuts last week, the New York Times reports.
The financial services sector has cut 9,000 jobs over the past three months as business volumes and profitability fell for the first time in more than three years, the CBI employers’ group and PwC have reported, the Financial Times reports.
European markets are set to extend losses on Monday as investor concerns turn to Spanish bank recapitalization needs and a possible downgrade to the country’s credit rating.
Moorad Choudhry, Treasurer, Head of Treasury, Corporate Banking Division, Royal Bank of Scotland says that in the short term, his worry is more about whether Madrid can take control of its debt situation, rather than whether a province will secede.
Clifford Bennett, Chief Economist, Orb Global Investments, says that Spain's sovereign debt challenges could last another 10 to 15 years.
The UK’s plan to reform the world’s most important lending rate will guide a global drive towards more transparent and reliable pricing for everything from home mortgages and gold to heating oil, regulators said on Friday. The FT reports.
At a time when the world's attention is nervously focused on the European economy, there is a bright spot worth noting, and it can be found in Denmark.
The stress test for Spanish banks wasn't pretty, but this strategist sees a buying opportunity.
The Federal Reserve’s latest round of monetary stimulus could be disastrous to the US economy, claimed Albert Edwards, strategist at Societe General, who also sees future US economic difficulties taking their toll on global equity markets.
Spain's crisis budget lifts the euro and the Japanese go shopping — it's time for your FX Fix.
For many investors the possible downgrade of Spain’s debt to junk status by Moody’s next week is just another looming risk that threatens to disrupt the recent rally in risky assets, the Financial Times reports.
The London real estate market was abuzz. A wealthy Greek banker wanted to spend up to £60 million (nearly $100 million) for a home, and was in a hurry to make a deal. Evangelos Meimarakis, the president of the Greek Parliament, is among the more than 30 Greek politicians under investigation for possible tax evasion and the illegal accumulation of wealth, the New York Times reports.
France is pushing for its government to hold a large stake in the €34 billion defense and aerospace group to be created by combining pan-European EADS and BAE of the UK, raising concerns in London that such a demand would threaten the deal. The FT reports.
If you ask “Mad Money” host Jim Cramer, it depends.
Robert Hormats, Under Secretary of State for economic growth discusses the European crisis, the anti-austerity protests in Spain, and President Obama's role in U.S. economic growth. "I think President Obama has made a major effort to reduce the budget deficit and also to invest in the future of the U.S.," he says.
European shares ended higher Thursday, lifted by expectations for economic stimulus in China, and as the Spanish government held an eagerly-awaited news conference on the 2013 budget and on economic reforms.
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Parts of Milan resembled war zones as anti-World Expo protestors took to the streets. CNBC's Phil Han reports from Milan.
Ahead of the much-hyped Mayweather-Pacquiao fight; Alex Donohue, spokesman for Ladbrokes, offers the odds.
Gary McGann, CEO of Smurfit Kappa, talks about its recent earnings for the first quarter and changes within the company's structure.