The dollar hovered near a six-month high against a basket of currencies as investors awaited a Federal Reserve policy decision.» Read More
European shares looked set to open higher Thursday, tracking gains in Asia and on optimism that the situation in Ireland will be resolved.
A restructured General Motors rolls out its new stock at the NYSE Thursday, in another unwind of the government's bailout programs.
The British government signaled Wednesday that it could offer direct financial assistance to Ireland, even though Britain is outside the euro zone, as prospects grew for an international rescue package to avert another European debt crisis. The NYT reports.
European shares were set to open mixed Wednesday as worries over the debt situation in the euro zone persist and fears of monetary tightening in China because of the danger of inflation increased.
General Motors drives its massive IPO to market Wednesday, against a backdrop of worry about a China-led slowdown and the possible bailout of Ireland.
There were a lot of incorrect theories for the Dow's 178-point loss on Tuesday. Here they are, rebutted.
Worries about Europe sovereign debt are ‘overblown,’ Klaus Kleinfeld, the CEO and chairman of Alcoa told CNBC Tuesday.
Swiss bank UBS says customers may withdraw 15-40 billion Swiss francs ($15-41 billion) because of revised tax treaties between Switzerland and other European countries.
European shares were set to open lower on Tuesday as fears Dublin could seek money for its stricken banks from an EU emergency fund linger among investors.
The auto navigation device may soon begin to disappear, industry experts say, as satellite-tracking technology is absorbed into smartphones and automobiles. The New York Times reports.
After a thorough drubbing in the midterm elections, President Obama turned his attention to the G20 meeting in South Korea where the United States has always held sway.
The euro is likely to lose some of its strength over the short term, but if Ireland asks for bailout funding and establishes a clear mechanism of how it will work, some nerves in the markets will be settled, Richard Yetsenga, global head of emerging-markets currency strategy at HSBC told CNBC Monday.
The European Central Bank’s reluctance to consider further monetary easing exacerbates the problems the euro zone is currently facing, economist Nouriel Roubini told CNBC Thursday.
Patrick Honohan, Ireland’s central bank governor, on Wednesday put a “For Sale” sign over the country’s ailing banks, stressing that foreign ownership of the troubled sector was “not as far-fetched a scenario as it might appear to some”, reports the Financial Times.
Stocks could struggle to find firmer footing Wednesday, as the debate about the merits of more Fed easing continues to swirl.
The euro will see some downward pressure in the short term after peaking just below $1.4330, but expect to see another rally attempt before long, Roelof van den Akker, chartist at ING Wholesale Banking told CNBC on Tuesday.
Despite significant risk in the marketplace, the markets have given up on fighting the Fed's $600 billion liquidity injection, Dean Curnutt, president & CEO of Macro Risk Advisors, told CNBC on Monday.
The United States should tax purchases of yen, yuan and euro used to import goods from those three economies. Set it at about 40 percent until the Gang of Three agrees to acceptable exchange rate reforms.
When interest rates soared last week on Irish government bonds, it served as a warning to other indebted nations of how difficult it could be to roll back decades of public sector largess. The New York Times reports.
I'm ashamed to say world markets may again need to go on Europe Watch. The risk has risen to a level that local nerves over sovereign debt will fray to the point that they have a material impact elsewhere.