There's an ever-increasing probability of a financial "accident" involving debt-strapped Greece, Mohamed El-Erian tells CNBC.» Read More
European stock markets closed mixed on Wednesday, paring earlier gains reached after a German court ruled to back the permanent euro zone rescue fund.
Europe cleared a number of major hurdles in its quest to find a comprehensive solution to the euro zone debt crisis on Wednesday, with a German court giving its heavily-anticipated approval for a new rescue fund and the unveiling of new proposals for a European banking union and more European integration.
Rumors have been growing over the whereabouts of Xi Jinping, the man widely tipped to be the next president of China, but Chinese authorities and the media have remained silent about his health or whereabouts.
Germany okays the bailout and British jobless claims fall — it's time for your FX Fix.
Markets overwhelmingly are looking for the Fed to announce a new program of asset purchases as soon as Thursday to try and boost the US economy but doubt it will do much to bring down unemployment, the latest CNBC Fed Survey says.
A deepening euro zone recession will force the European Central Bank into full-blown quantitative easing within six months, David Owens, Chief European Economist at Jefferies International told CNBC Wednesday.
The euro, which has rallied in recent weeks, dodged a bullet on Wednesday when the German Constitutional Court approved Germany's ratification of a permanent euro zone bailout fund.
Mark Zuckerberg gives his first interview since the Facebook IPO; Ex-JCP exec joins the GAP; Steve Wynn releases a scathing statement on Joe Francis and Ford may soon have a CEO succession plan.
Albert Frère, the billionaire, is known as the most French of Belgian tycoons. Now his business partner, Bernard Arnault, is poised to become Belgium’s most famous Frenchman if his application for citizenship succeeds, the Financial Times reports.
There is a deep unease spreading across the United States. As anyone who's living through it can tell you, America's middle class — the backbone of the world's largest economy — is in distress, the Global Post reports.
In September 1992, the Federal Reserve culminated a long-running effort to stimulate the sluggish economy by cutting its benchmark interest rate to 3 percent, the lowest level it had reached in almost three decades.
Catalonia no longer fits within Spain and needs to explore the option of independence, according to a leading nationalist and former head of the Catalan regional government. The FT reports.
Last week’s decision by the European Central Bank to make unlimited purchases of government bonds in secondary markets was both necessary and bold. Mario Draghi, the ECB’s president, deserves credit for having obtained agreement for this controversial step, against the sole, albeit significant, opposition of Jens Weidmann, president of Germany’s redoubtable Bundesbank. It is a pity that the ECB did not do this before the crisis in sovereign debt reached Spain and Italy. Yet this delay is not surprising: eurozone policy makers have, perhaps inevitably, done too little, too late.The FT reports.
European shares edged higher on Tuesday as Deutsche Bank led a rally among euro zone banks after it said it would not ask shareholders for more cash to strengthen its capital base.
Europe’s single currency zone is essential and will survive its current crisis, Anshu Jain, the co-CEO of Germany’s Deutsche Bank, told CNBC on Tuesday.
When fear gripped the European markets in April, the money manager Robert Tipp decided to buy more Portuguese government bonds. He figured that European officials wouldn’t let the country turn into another Greece.
Ready for a news-driven week in currencies? This strategist has a trading plan.
Hope for a court ruling lifts the euro, and Oscar Mayer plans to barter with bacon — it's time for your FX Fix.
There is a legendary quote from the movie Top Gun when the commanding officer berates one of his ace pilots with the line: "Son, your ego is writing checks your body can't cash."
A consumer complaint is ricocheting around the world: low interest rates are eating away at savings, the New York Times reports.
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Ben Lichtenstein, president of TradersAudio.com, explains why it would be a good sign for the U.S. economy, if the Federal Reserve does raise rates this summer.