Banks in Portugal, Ireland, Greece and Spain account for over two-thirds of the euro area liquidity injections since the middle of 2008, according to new research from RBS Marketplace.
The threat of a trade war between the US and China is greatly reduced. The move should help combat Chinese inflation a little by making imports less expensive. The only major country the Chinese have a trade surplus with is the US. Exporters to China should still see better trade as the richer currency buys more.
The euro's recent recovery versus the dollar will only be short-lived and investors should expect the single European currency to take another leg lower, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC Tuesday.
The move by China to allow a more flexible exchange rate for its currency shows that the danger of a double-dip recession is remote, Bob Doll, BlackRock vice chairman, told CNBC Monday.
While shares of BP have tumbled since the Gulf of Mexico oil spill, the shares of the company aren't much worse off than other major shares in London, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
I’ve been warning about for some time about how doing stress tests are great, but there are at least two more steps that need to be taken for reduction of uncertainty over European banks and countries.
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.