Cyprus, rather than Spain, Italy or Greece, poses the biggest sovereign risk to the euro zone, according to Charles Dallara, the managing director of the Washington-based bank lobby group, the Institute of International Finance (IIF).
Inequality risks destabilizing “global society”, Klaus Schwab, the German economist who founded and chairs the World Economic Forum, told CNBC on Tuesday.
U.S. stock index futures were lower Wednesday as worried over global economic growth overshadowed a pair of strong bank earnings.
U.S. stock index futures edged lower Tuesday as investors worried over the ongoing debate in Washington over raising the debt ceiling and ahead of what is expected to be a lackluster earnings season.
U.S. stock index futures were lower Monday ahead of a busy week of earnings reports and as Apple shares were hit by demand worries.
Europe's peripheral economies face a re-run of the U.K.'s "winter of discontent", with high unemployment and stagnant growth, according to a report by Goldman Sachs.