After a slowdown in the fourth quarter of 2012, Germany's economy seems to be getting back on track and some analysts now believe Europe's largest economy will go from strength to strength in 2013.
The euro hit a 14-month high against the dollar, some analysts believe the rally is set to continue as improved sentiment for the euro bloc takes hold.
Nat Rothschild, Co-founder of Bumi stepped up the bitter battle for control of the Indonesia-focused miner, attacking both the board for its inaction and CEO Nick von Schirnding for "embellishing his CV."
Citigroup needs to continue to clean up its non-core "legacy assets" and focus on operating efficiency, its new CEO Michael Corbat told CNBC at the World Economic Forum in Davos.
The European economy will continue to stabilize albeit slowly this year as the euro zone crisis looks to be contained, a number of CEOs told CNBC at the World Economic Forum in Davos, Switzerland.
A spat has broken out between Hungary's Economy Ministry and Roubini Global Economics about who is to blame for the downward spiral of the national currency, the forint, after Roubini's firm Roubini Global Economics(RGE) recommended shorting the currency.
Failure to raise the debt ceiling within a "timely" manner would see the United States' sovereign ratings put under formal review with "highly uncertain" consequences, rating agency Fitch warned U.S. policymakers Tuesday.
It should be inconceivable for the United States to default on its debt, Larry Summers told CNBC on Tuesday, stressing that the country's creditworthiness must not be held hostage by budgetary wrangling.