Things could be about to get even tougher for Russians with rampant inflation meaning that more than half of their annual incomes could be spent on food.» Read More
Battle lines have now been drawn in the euro zone for next week, a week in which the Italian Prime Minister, Mario Monti, said the euro zone must save itself and for which he believes there can be no room for failure.
Todd Schoenberger, BlackBay Group, and Mary Jane Matts, Fifth Third Asset Management, discuss whether you should buy banks.
CNBC's Simon Hobbs recaps Europe's so-called mini summit. Peter Schiff, Euro Pacific Capital, discusses Mario Monti's remarks and whether there is really only one week left to save Europe.
Despite the ongoing turmoil in Europe, the euro has fared well in June - but this strategist says the party is just about over.
The IMF is clearly getting fed up with euro-zone policy makers as the continent’s “debt crisis” rages. But European officials cannot be blamed for feeling a tad fed up themselves with the IMF for hastening the crisis in the first place.
CNBC's Steve Liesman has a recap of a European conference. Tyler Vernon, Biltmore Capital, weighs in.
CNBC's Mary Thompson and Art Cashin, of UBS, discuss Europe's mini summit on Friday, and the impact of geopolitics on the markets.
The leaders of Germany, France, Italy and Spain meet to discuss solutions to fixing the euro zone crisis.
As Moody’s Investors Service prepared to cut the ratings of some of the world’s biggest financial firms on Thursday, Morgan Stanley’s chief executive, James P. Gorman, was in St. Petersburg, Russia., the New York Times reports.
CNBC's Kelly Evans reports on all the market moving events from Europe, including the drop in gold and copper prices, but a slight increase in oil.
The French President is determined to show the French that he is willing to stand up to Berlin, to push the German Chancellor to contribute even more than before toward a lasting solution of the euro mess. The New York Times reports.
The mass downgrades of major global banks by ratings agency Moody’s Thursday night don’t appear to have caused the downwards market movements one might have expected.
Oil fell to its lowest levels in a year and a half on Thursday, the outlook for oil remains weak and sanctions imposed on Iran are likely to make matters worse, Dan Yergin, co-founder and chairman of energy research consultancy Cambridge Energy Research Associates (IHS CERA) told CNBC.
Western policymakers are "making fools" of themselves in the eyes of people in emerging markets as no initiative to end the euro zone crisis has emerged in more than two years, an economist told CNBC at the St. Petersburg International Economic Forum (SPIEF).
This month will likely be the first June for at least 20 years in which there were no European stock market flotations valued above $100 million, according to research from Dealogic.
Hopes of launching the euro zone’s permanent rescue fund in the first days of July suffered a blow on Thursday when one of Germany’s opposition parties said it would ask the country’s highest court to suspend ratification while deciding whether it complied with the constitution, the Financial Times reports.
Moody’s downgrades banks; Blackrock fund manager leaves; Twitter suffers an outage; AIG docks a chief for an inter-office relationship.
Sean Darby, Global Head of Equity, Jefferies says the recapitalization of Spanish banks is not over "by a long way".
Kathy Lien, Managing Director at BK Asset Management says investors should use any rally in the euro to sell the currency, because it will edge lower over the next 3 months.
Jacob Kirkegaard, Research Fellow, Peterson Institute for International Economics (PIIE) says that worries that Spain could need a complete bailout are overblown.
Get the best of CNBC in your inbox
Are we in a tech bubble? Philippe Botteri, partner of Accel Partners, says it's not like the year 2000 and it doesn't feel like a bubble.
Rupert Stadler, CEO of Audi, says the business is going strong in China and Europe, and there's potential within the U.S. market.
Rupert Stadler, CEO of Audi, says the devaluation of the Russian ruble had the biggest impact on Audi in Russia.