"We continue to get strong economic releases out of the United States," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. Analysts said the weak German business sentiment underscored the impact of tensions surrounding Russia and Ukraine on Germany, Europe's biggest economy.» Read More
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.
The euro could be set to rally to its high of last year against the dollar of $1.52, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.
Fears over the health of the euro zone bond market intensified after one of Europe’s biggest clearing houses warned investors they could be compelled to stump up more money to trade in Ireland’s debt. The FT reports.
Silvio Berlusconi, Italy’s beleaguered prime minister, blamed the media, the leftwing opposition and even the mafia for creating a scandal over his relationship with a teenage Moroccan belly-dancer, reports the Financial Times.
With the Fed deciding to purchase another $600 billion of U.S. government debt ($100 billion above the market consensus), the question is, how much lower can the dollar go? In other words, how much higher can crude oil go?
The euro's recent strength against the dollar is likely to continue and it could move back up to its January high against the greenback, Carol Harmer, chief market analyst for Mercury Forex and Charmer Charts, told CNBC Thursday.
The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.
José Sócrates, Portugal’s prime minister, has blamed an increase in government bond yields on “speculative movements”, saying growing pressure on the country’s borrowing costs had no economic justification. The Financial Times reports.
The Federal Reserve is about to take a huge risk in hopes of getting the economy steaming along again. Nobody is sure it will work, and it may actually do damage.
Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages, reports the New York Times.