With ongoing tensions in euro zone sovereign bond markets, stocks have largely escaped the glare of publicity in recent weeks. Investors need to turn their attention to companies once again, and focus on defensive consumer staples and health care, Peter Garnry, equity strategist at Saxo Bank, said on Friday.
European stocks looked set to open higher on Friday, tracking gains in Asian and U.S. trade, after a relatively positive Italian bond auction and the appointment of a new prime minister in Greece boosted investors’ confidence.
The price of oil could rise to as much as $150 per barrel in the near term if investment in the oil-producing countries of North Africa and the Middle East is lower than required to meet growth in demand from emerging economies, the International Energy Agency said on Wednesday.
Lawmakers in the United States should scrap income tax in favor of a tax on household spending in order to get the ailing economy back on track, and could also supplement revenue by taxing “harmful activities” such as driving in congested city centers, Robert H. Frank, professor of economics at Cornell University told CNBC on Tuesday.
Confidence levels among European CEOs have seen a record fall over the past three months, with the situation expected to worsen further in the near term as the euro zone debt crisis threatens the stability of the region’s economy , according to a survey by the Young Presidents Organization.
As European leaders scramble to contain the euro zone debt crisis and make preparations for an orderly default for Greece, on e fund manager argues that Russia’s debt crisis in 1998 could hold an important lesson for the southern European nation.
As Greece edges ever close to a heavily anticipated default, the European Central Bank needs to step up measures to support growth if it wants to prevent the euro zone from slipping back into recession, Barry Eichengreen, Professor of Economics and Political Science at the University of California, Berkeley told CNBC.com.
Plans to force Europe’s banks to increase their equity capital to ensure they can withstand the worsening euro zone debt crisis and restore confidence in the sector have been met with criticism from analysts and business leaders, who fear the proposals will lead to dilution for shareholders and a further backlash.
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Designer Diane von Furstenberg said the launch of her iconic "wrap dress" design gave her a financial security she had never had before.
CNBC Meets' Tania Bryer speaks to celebrated soprano opera singer Jessye Norman, who speaks about her childhood growing up in Augusta, Georgia.
In part two, Norman talks about her big break in opera and some of the challenges she faced early on in her career, as well as her frustrations with the "racialism" she feels still exists in U.S. Congress.