"One of the many questions that remain is whether this is a 'Lehman' moment or not," asks a hedge fund manager.» Read More
Protests are still happening in Spain ahead of the government's budget announcement, with CNBC's Michelle Caruso-Cabrera.
Euro zone equities suffered their worst session in two months on Wednesday, as violent anti-austerity protests in Greece and Spain underscored the hurdles the bloc faces on its road out of recession and financial crisis.
Today, Spain is at the forefront in the headlines and media with ugly protests in Madrid ahead of Thursday’s budget announcement.
U.K. insurance group Lloyd’s of London, which comprises nearly 90 syndicates, reported an interim profit of 1.53 billion pounds ($2.48 billion) for the first six months of the year after a lack of major claims from natural catastrophes.
Options market signals flash and investors seek comfort in the dollar and yen — it's time for your FX Fix.
Hedge funds are supposed to be the smart money, but sometimes even they can be outsmarted. Take the case of Mason Capital Management and the Telus Corporation, a large Canadian telecommunications company. Mason Capital, a New York and London hedge fund with about $8 billion in assets under management, has made a complex bet in Telus stock that looked shrewd at first, but that may now lose tens of millions of dollars, the New York Times reports.
Germany and its two closest allies in the euro zone appeared to step back on Tuesday from a key agreement that would free Spain and Ireland of billions in debt incurred through bailing out their banks, the FT reports.
Larry Kudlow and Gen. Barry McCaffrey look at the latest events in the Mideast and just how serious a threat Iran poses.
Investors know what they want, and it isn't the G4 currencies.
CNBC's Courtney Reagan reports the rally is fading fast since QE3; and Kenny Polcari of ICAP, doesn't think investors should be nervous because "the market is churning, trying to build a base that will ultimately help it move higher,"
As Spain tries desperately to meet its budget targets, it has been forced to embark on the same path as Greece, introducing austerity measures, cutting jobs, salaries, pensions and benefits. As a result, some residents are forced to salvage food from garbage cans.
European shares closed higher across the board Tuesday after ECB President Mario Draghi defended the central bank's bond-buying program after a meeting with German Chancellor Angela Merkel and following upbeat U.S. economic reports.
A Spanish bailout could give the euro a short-term boost, but the currency remains highly vulnerable to developments in the euro zone and prospects for European banks in particular, analysts said on Tuesday.
Spain has been stalling in asking for a bailout, and this strategist sees the euro stalling as well — so she has another trade in mind.
A reported German challenge to European bond-buying dents the euro and commodity prices hit the Aussie - it's time for your FX Fix.
Bob Janjuah, the bearish contributing strategist at Nomura in London has long predicted the S&P 500 will head towards 800, a level not seen since the aftermath of the collapse of Lehman Brothers. With the S&P 500 closing on Monday at 1,456, Janjuah has been forced to review his timing.
If life in the euro zone’s economically embattled periphery was not bad enough, now the coffee culture emblematic of southern Europe is under siege. Italians are having to cut back on their cappuccinos and espressos and Spaniards are dropping their cortados, contributing to a sharp drop in wholesale coffee prices. The FT reports.
Southeast Asia's most populous nation is on track to become the world's 7th largest economy by 2030, putting it ahead of the developed nations of Germany and the U.K., a new report by McKinsey Global Institute showed Tuesday.
More than a quarter of the work force in Spain or Greece is without jobs, but there is a city on the Danube north of Munich that has the opposite problem: not enough workers, the New York Times reports.
Conventional wisdom suggests the Fed intends to drive investors into stocks, but there may be more than meets the eye. Larry Kudlow gets details from Brian Kelly, founder of Shelter Harbor Capital.
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Helen Chivers, meteorologist at the U.K.'s Met Office, explains when the European heatwave might end.
Vincent Juvyns, global market strategist at JP Morgan, discusses the situation in Greece ahead of this weekend's bailout referendum.
Philippe Gudin, chief European economist at Barclays, discusses whether international factors such as the Greek debt crisis will impact the timing of a rate rise by the Federal Reserve.