*Safe-haven currencies gain as Russia- Ukraine tension flares. LONDON, Aug 22- The yen and the Swiss francs rose against the euro on Friday, helped by safe-haven inflows after a Russian aid convoy crossed into Ukraine without permission from Kiev, rattling investors.» Read More
Investors are anxiously waiting for Ireland's auction of longer-term government bonds later Tuesday to see whether demand for periphery euro-zone debt is still going strong despite fears that gripped markets Friday.
A planned auction for Irish government bonds is likely to go ahead despite jitters concerning the country's banks and debt that roiled markets Friday, analysts said Monday.
Irish stocks fell Friday, dragged down by weak banking shares while the cost of insuring the country's sovereign debt soared to a new record high after analyst comments brought the former Celtic tiger's banking sector problems back into the limelight.
An article published in the Financial Times Wednesday discusses a forecast by GFMS, a consultancy, which believes that the world’s central banks will purchase 15 tonnes of gold on a net basis this year, the first net purchase since 1988, according to GFMS. Central banks for a number of years have been liquidating their gold stockpiles in favor of holding paper currencies such as the U.S. dollar.
In two weeks, Alexandra Mallosi, 29, will be packing her bags and leaving the quiet Athens suburb of Holargos for Abu Dhabi to start a job as a hotel sales manager. It was not a tough decision, reports the New York Times.
Governments that bolstered their countries’ ailing institutions impacted by the financial crisis need to step back and give the private sector a chance to innovate and rebuild, former UK Prime Minister Tony Blair told CNBC Tuesday.
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.