U.S. Treasury Secretary fears a Greek "accident" and warned that the country and its creditors needed to "double down" their efforts.» Read More
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.
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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.
Like the persistent haze over the Chinese city of Tianjin's skyline, fears for the state of the global economy are looming over the World Economic Forum's Annual Meeting of New Champions in China.
Boris Johnson stole the show from David Cameron with a barnstorming speech at Mondays’ parade celebrating the sporting achievements of Britain’s Olympians and Paralympians, the FT reports.
Steve Wynn wins $20 million from Girls Gone Wild Joe Francis; GoDaddy suffers a denial of service attack; another Zynga departure and Moody’s cuts Panasonic debt rating.
Investors should be looking at European stocks for value and returns despite the higher risk associated with the region and overlook U.S. stocks, according to Peter Toogood, Director of Investment at Old Broad Street Research.
David Kotok, Chairman and Chief Investment Officer, Cumberland Advisors says the ECB agreed to buy season bonds because when the ESM kicks in all bonds will be issued with the same collective action clauses in the Euro Zone.
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European shares closed lower on Monday ahead of a week of decisive political events in Europe and the Federal Reserve’s key meeting this week.
Japan is slowing and Italy talks tough — it's time for your FX Fix.
Europe’s big banks could be forced to ringfence trading assets under a plan emerging as the consensus recommendation of an EU-wide review of the structure of banking, the FT reports.
Ivan Glasenberg had argued for months that his offer for Xstrata of 2.8 Glencore shares for each of the London-listed miner's was 'generous', now questions have been raised over his climbdown, the FT reports.
George Soros has issued a passionate plea to the German government to lead the eurozone out of recession by boosting growth, creating a joint fiscal authority and guaranteeing common bonds, or itself leave the currency union to save the future of Europe. The FT reports.
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