The European Union's (EU) decision to extend sanctions against Russia is akin to "economic war," the head of one of Russia's largest banks told CNBC.» Read More
The "Squawk on the Street" news team reports on the market-moving stories ahead of Friday's open, including a jump in futures on hopes global central banks will act if Greek elections spark market turmoil; Mario Draghi indicates the European Central Bank will respond to post-election turmoil in Greece; and Micosoft is gears up for a major announcement Monday.
Don Marron, Lightyear Capital chairman & CEO, and Donald Marron, Urban-Brookings Tax Policy director, discuss how Europe's sovereign debt worries have created a crisis of confidence in the markets.
Tracking overseas jitters and the impact on U.S. markets, with Roger Altman, Evercore Partners founder & chairman, and Jack Malvey, BNY Mellon chief global markets strategist.
CNBC's Michelle Caruso-Cabrera reports one of the problems at the root of the Greek debt crisis is the inability to collect revenue, with Harry Theoharris, Greek Ministry of Finance.
Officials brace for the Greek election and it's tax time in Russia — time for your FX Fix.
Louis Gerstner, The Carlyle Group senior advisor, discusses a wide-range of global topics, including the complexity of running a big company; containing Europe's debt contagion; the growing education epidemic; and partisan politics in Washington.
CNBC's Steve Liesman has the latest details on a report that says European Central Bank president Mario Draghi stands ready to support the euro zone's banking system.
CNBC's Ross Westgate reports on all the market moving events from Europe, including signals the ECB stands ready to provide further liquidity to solvent banks.
Where can investors find buying opportunities amid Europe's current financial crisis? David Joy, Ameriprise Financial chief market strategist, and Cliff Corso, Cutwater Asset Management CEO & CIO, provide insight.
CNBC's Michelle Caruso-Cabrera has the details of a poll that shows pro-bailout parties the front-runners ahead of this weekend's elections in Greece, as leftist leader Alexis Tsipras slams bailout plan and vows to stay in the euro. John Milios, Tsipras' economic advisor, weighs in.
CNBC's Steve Liesman reports Europe's central banks are prepared to act if the results of the Greek elections shock the markets, and the ECB is ready to provide more liquidity if needed to support euro zone banks.
The government appears to be taking the proposals of the Independent Commission on Banking, in the UK seriously and looks as if it may implement the majority of Sir John Vickers proposals, writes the Financial Times’ Martin Wolf.
Tough global bank reforms will be disproportionately difficult to implement in developing economies and will damage their growth, a global taskforce of bankers and businessmen from emerging markets is set to warn, the FT reports.
They toppled a pharaoh, but now the small circle of liberals, leftists and Islamists who orchestrated Egypt’s revolution say they realize they failed to uproot the networks of power that Hosni Mubarak nurtured for nearly three decades, the New York Times reports.
“We are moving from being a Western country to a poor country,” George Protopapas, national director of international charity SOS Children’s Villages, told CNBC.
Europe’s currency union may be inching ever closer to the brink of collapse, but Chancellor Angela Merkel has a message for those pressing her to ride to the rescue: Germany is not as strong as it looks, and certainly not strong enough to prop up the rest of Europe, the New York Times report.
The markets jump on reports central banks are putting plans in place to prepare for the Greek elections; UK bankers say they will take whatever steps necessary to protect their currency; the video game industry continues its free fall; Allen Stanford is sentenced to 110 years in jail.
At least one country will leave the eurozone in the next five years, according to a survey of central bank reserve managers who collectively control more than $8,000 billion. The FT reports.
Randy Kroszner, Professor Of Economics, University of Chicago Booth School of Business and also Former Federal Reserve Governor, says that coordinated global central bank action makes sense.
Michael Woolfolk, MD & Senior Currency Strategist, BNY Mellon says that foreign exchange prices should be market driven.
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Sandy Kaul, global head of advisory for prime finance at Citi, discusses the health of the hedge fund industry and said some funds will close.
Emmanuel Hauptmann, partner and senior equity fund manager at RAM Active Investment, and Christine Johnson, head of fixed income at Old Mutual Global Investors, discuss the investment opportunity in Russia.
Mats Granryd, CEO of Tele2, says the company is looking for the right asset to buy rather than going on a shopping spree.