The Australian and Canadian dollars lost as much as half a percent against their U.S. counterpart on Monday.» Read More
The global economy is in a weak recovery, but it's a recovery nonetheless and the world couldn't even talk itself into a recession, Paul Donavan, international economist at UBS, told CNBC Tuesday.
Japan has been conditioning the US and Europe for Tokyo’s potential intervention against the rising yen, according to Naoto Kan, prime minister.
The one thing they won’t tell me, or more accurately can't tell me is the one thing I came to Dublin to find out: just how big is the Irish banking black hole?
The Swiss franc's safe-haven reputation helped it hit a new high against the euro, but the currency's strength risks hurting those who have relied on its vigor.
For years, Anissa Benchamacha bought her meat in a parking lot, from vendors hawking near-expired products to Muslims eager to find food that met their religious requirements.
The United States fell two places to fourth position behind Switzerland, Sweden and Singapore in this year's World Economic Forum's "Global Competitiveness Report."
Ireland on Tuesday extended its guarantee for short-term bank liabilities, including corporate and interbank deposits, as expected as the government sought to reassure investors. Irish bond spreads hit fresh peaks on Tuesday on renewed jitters about the health of the European banking sector exerting more pressure on Ireland.
Western governments are bankrupt, Ruth Richardson, ex-New Zealand finance minister whose austerity cuts were dubbed "Ruthanasia," warned in a CNBC interview.
The Irish economy is back in focus for investors across the world, after the former Celtic Tiger extended guarantees to its banking industry and depositors.
Commodities investor Dennis Gartman explains why he thinks the precious metal is bound to push higher.
The Wall Street Journal has been analyzing the results of the European banking stress tests and wrote in a story published Tuesday that "some banks didn't provide as comprehensive a picture of their government-debt holdings as regulators claimed."
The rest of the year will be "less buoyant than the second quarter" and the ECB remains "very cautious and prudent," ECB President Jean-Claude Trichet told CNBC in an exclusive interview.
Analysts at Denmark's Saxo Bank see tough times ahead for the markets and recommend that investors stick to bonds.
A stronger yen is good news for German machinery and auto companies whose main competitors often are based in Japan. The New York Times reports.
Prudent fiscal policy will help foster confidence within the euro zone, European Central Bank President Jean-Claude Trichet told CNBC.
The world’s most developed economies, which have been racking up spending since the mid-1960s, face record levels of debt as a result of the 2008-9 financial crisis and have little room for maneuver, the International Monetary Fund warned on Wednesday. The New York Times reports.
Stocks could finish August on a cranky note before entering September - historically the worst performing month for stocks.
What was obvious at last week's annual meeting of central bankers at Jackson Hole, Wy., was that they aren't certain how to conduct policy now that interest rates are near zero. There also are big differences about what to do when things return to “normal.”
The analyst who gave The Men's Warehouse an upgrade explains what he sees in the corporate apparel retailer.
While immediate market tensions have mostly passed, the sovereign debt crisis continues to be a challenge in Europe and fiscal consolidation is an important “long-term project,” said Axel Weber, president of the Deutsche Bundesbank.