There has been "clear improvement" in the economic situation in Europe over the past year, European Central Bank policymaker Ewald Nowotny told CNBC.» Read More
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.
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.
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.
The National Bank of Greece is confident it will pass the European Union stress tests and is not looking for an increase of capital or a merger at the moment, its chairman told CNBC Wednesday.
Investors do not see Portugal's rating downgrade by Moody's as an event that will shake the markets, but it confirms the fact that the outlook for the euro zone is still cloudy.
Moody's slashed Portugal's credit rating by two notches to A1, citing a deterioration of the country's debt ratios and weak growth prospects, the ratings agency said Tuesday.
Depending on country of residence, dramatic differences exist in the working lives of citizens from different nations. CNBC.com took a look at several major factors that can significantly affect the quality of work life — average income, income taxes, retirement age, average work week and average vacation days — over 22 select countries around the world.