Treasury Secretary Tim Geithner said on Tuesday he planned to emphasize the need for a stronger Chinese yuan when he visits Beijing next week, amid some recent speculation that the country could relax its exchange-rate regime.
Investors worried about the euro zone’s proliferating debt crisis have found safety across the Atlantic on Wall Street, according to Bank of America Merrill Lynch.
Twenty EU-based companies that have a high percentage of their revenues from regions outside Europe are likely to benefit from a weaker euro, according to analysts.
While Europe’s precarious financial state continues to haunt investors, there are still reasons to be optimistic, and the resulting recovery will play out like a “tug-of-war,” Bob doll, chief equity strategist at Blackrock, told CNBC Monday.
The European Cental Bank's bailout package is just a $1 trillion fig leaf covering the problem and a better move would have been to arrange for Greece and Portugal to leave the European Union.
The European debt crisis has left markets vulnerable to any sovereign debt rating reports and ratings agencies have seen their influence mushroom in Europe.
Last Thursday’s intraday volatility, which saw the Dow plummeting nearly 1000 points, has left European investors tentative about Wall Street, according to market participants.
The new UK government may have to appeal to the "special relationship" Britain has with the United States for something more than international politics.
The great recovery is an illusion, and the banking crisis is likely to be very costly for the world economy, according to economist Jamie Dannhauser at Lombard Street Research.