The most unpopular man in Greece appears to have won enough votes to become a new member of the Greek parliament.» Read More
"We're fighting on" to get a deal with Greece, the head of the Eurogroup Working Group tells CNBC.
Early returns from the earnings season suggest that investors are slowly starting to buy into the scenario that better days lie ahead, unwinding some trades put on at the apex of market pessimism.
For the first time in recent years, policymakers don't have a major financial crisis to grapple with at this year's World Economic Forum (WEF), which gets under way on Wednesday.
A fall in euro zone government bond yields, rallying regional equity markets and a stronger euro suggest that six months after Mario Draghi pledged to save the euro zone from collapse, the European Central Bank (ECB) chief appears to be winning his battle with financial markets.
Enough of the pessimism over the euro zone, says one analyst, who points out that the disaster scenarios anticipated by financial markets for the region have not played out, leaving the euro poised for a strong rally that could take it to $1.50 next year – a 17 percent gain from where it is now.
Asia’s economies may still be booming, but a worrying amount of private sector credit is laying the groundwork of the next financial crisis, according to a new research by Capital Economics.
Rather than wait for prosperous economic times to return to her native Portugal, Tatiana Almeida (26), educated to be a journalist, decided to leave and move to East Timor, a former colony in Southeast Asia, in search for opportunities.
Investors have been faced with major worries this year: the euro crisis, the U.S. "fiscal cliff", and China's slowdown—so it might seem counter-intuitive that markets just posted their best performance in five years.
Escalating numbers of Europeans now rely on food aid according to the Red Cross, which says failing welfare services and high unemployment mean nobody knows who may need to ask for help next.
Talk that Singapore’s monetary policy will be eased soon is growing louder as the economy teeters on the brink of recession. Yet, high inflation puts the country’s central bank in a bind and its next policy move is by no means a done deal, economists say.
Some nations around the globe are in considerably worse debt positions than others. Here are nations with the world's greatest debts.
The holdings presented here are as of WGC's December 2011 report, unless otherwise noted. So, who holds the most gold? Click ahead to find out!
So, which countries are most exposed to the PIIGS? Click for a country-by-country breakdown.
With economic growth and corporate profits under extreme pressure these days, corporate tax rates are under greater scrutiny. Click to see which countries have the highest corporate tax rates.
The euro nears parity with the dollar, the Bank of England undertakes its own QE2 and Greece opts to restructure its debt.
Seven of 91 European banks failed stress tests aimed at measuring their strength in case the continent's government debt crisis takes a turn for the worse, regulators said Friday. European Union officials hope the results will reassure markets worried about hidden bank losses from the crisis.
Three European banks have revealed capital-raising plans before the results of stress tests were due to be made public, the FT reports.
Friday at noon, New York time, 91 banks in Europe will reveal how strong they would be if the region went back into recession over the next two years and the sovereign debt they hold plunged in value.
Forget about stress tests as a way of gauging the health of Europe's banking sector. Instead you should look to the biggest-spending soccer team, according to Jim O'Neill, chief global economist for Goldman Sachs.