The dollar fell slightly against the euro ahead of Wednesday's release of US gross domestic product growth and a Fed policy announcement.» Read More
World Bank President Robert Zoellick said Monday he hopes the global economy will have a sustainable recovery in 2011, but added he sees a number of dangers that could see his hopes dashed.
With the cashlevels on the balance sheets of S&P 500 companies at their highest level for 60 years, companies should start buying, Bruno Verstraete, CEO of Nautilus Invest in Zurich, said Monday.
Overheating emerging markets, in China in particular, pose the biggest threat to the market and political situation in 2011 according to Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets.
This may well be the coolest graphic I've ever seen.
Friday's market should feel the positive afterglow from Intel's strong earnings report Thursday, though the day could be decided by JPMorgan Chase's fourth quarter results and a batch of important economic data.
Jean-Claude Trichet’s hawkish comments on inflationary pressures and the resultant jump in the euro following Thursday’s European Central Bank's press conference talk has turned attention back to central bank exit strategies, an economist said Friday.
European stocks were set to dip Friday, tracking losses on Wall Street and in Tokyo, with heavyweight resource-related shares feeling the pinch of lower commodity prices.
The Illinois House of Representatives passed a bill that raises the state income tax from a maximum rate of 3% to 5%. They also raised the corporate income tax...As painful as they are, we are in the position of having no choice and yet, these tax increases will not raise the expected amounts.
Spain's banking sector does not need more government support and the country will not need a bailout from the European Union, finance minister Elena Salgado told CNBC Thursday.
Swiss policymakers will hold an emergency meeting with key business groups, labor unions and representatives from the machinery, tourism and pharmaceutical sectors to discuss the Swiss franc's damaging impact on the Alpine country's economy Friday.
A lack of action on the US fiscal position could lead to a "buyers strike," according to Bob Parker, a special advisor to Credit Suisse.
European shares were seen mixed on Thursday, as investors take a breather after a brisk two-day rally, bracing for further debt auctions in the euro zone as well as interest rate decisions.
U.S. economic reports should dominate early trading Thursday, unless the European debt crisis bubbles up again.
So, Portugal sold 1.2 billion euros of debt ($1.61 billion). Big deal. What does that prove? Surely in the context of sovereign debt, the amount is tiny. Moreover, Lisbon won't tell us who bought the paper.
The early morning hoopla Tuesday was that Japan had pledged to support the Eurozone in its continuing fight against the ill winds of threatened illiquidity by buying bonds. Probably bonds issued by the Financial Stability thing that has been set up by the European central bank.
Over three years of financial crisis have "drained the word’s capacity" to deal with further shocks according to the World Economic Forum’s closely-watched Global Risks Report.
Spain is different than other euro zone periphery countries as its fiscal position is strong, Matias Rodriguez Inciarte, vice chairman of bank Santander, told CNBC Wednesday in an interview.
European shares were set to open flat to lower on Wednesday as caution over the euro zone debt crisis prevailed ahead of a closely-watched Portuguese bond auction.
The economic turmoil that roiled Europe last year resulted in big profits for some major U.S. hedge funds as traders bet correctly on dips in the euro, falling bond yields at home, and other global events.
Today, Japanese Finance Minister Noda said that Japan would use its existing euro foreign exchange reserves to buy a large portion of the bonds issued by the European Financial Stability Fund.