The unresolved euro zone crisis, slowing growth prospects and currency depreciations have created a risk-off environment that makes investors think twice about emerging markets, Pablo Goldberg, Global Head of Emerging Markets Research at HSBC told CNBC’s “Squawk Box Europe”.
Greece might be in economic crisis mode and getting productivity levels up might take time, but there are signs of improvement according to one economist.
Forget China’s bilateral exchange-rate regime with the dollar, it’s a Chinese government policy of value-added tax adjustments that has been boosting China’s exports, according to a university Professor.
As Greeks prepare to go to the polls on Sunday June 17, the fate of the euro and the recovery of the global economy could rest in their hands. But the biggest pain could be felt closer home as the country suffers through a fifth year of recession.
The euro zone debt crisis is not the result of a lack of political will and economic consolidation in the 1980s and 90s before the euro was introduced, but rather the consequence of a gradual drift away from policies embedded in the original rules of the currency union, Niels Thygesen, who helped design the euro, told CNBC on Thursday.
Exxon Mobil will continue to be robust and will maintain record levels of investment, valued at $27 billion in 2011, in the next couple of years despite the downturn in global oil demand and fluctuations in prices, Rex Tillerson, CEO of Exxon Mobil, told CNBC on Tuesday.
Get the best of CNBC in your inbox