Today, the Bank of England left rates and quantitative easing on hold as Governor King decides to wait before more additional easing measures are taken and says that the events in Europe are beyond his control.
The US economy has not, by any means, emerged fully from the recession of 2008. The real-estate sector is still suffering grievously from the effects of the crash, and unemployment remains uncomfortably high.
A break-up of the single European currency would have severe consequences on the UK economy, with unemployment pushing above 4 million, the pound appreciating sharply and major banks failing, analysts at ING wrote in a market note.
Frans van Houten, CEO, Royal Philips Electronics, "half-hearted measures are not going to cut it and we have now seen this for several months in a row and it is having a real effect on the economy."
Eleventh-hour negotiations have begun in Europe to create a much bigger financial “bazooka” to present at this week’s EU summit that could include running two separate rescue funds.
Standard and Poor's should've waited at least a week to announce it had put 15 European Union nations on its CreditWatch for potential downgrade, said the chairman of tire maker Pirelli.
Markets appear to have high hopes for this week’s summit meeting in Europe to begin putting an end to the financial crisis. Yet there’s ample reason to believe the market’s hopes will be dashed again. Here's why.
Bulgaria still wants to join the euro zone despite recent predictions that the single currency will collapse, but does not agree with a single tax rate in the currency area, Traicho Traikov, minister of economy for Bulgaria, told CNBC on Thursday.
The euro has had a nice move up on reports of actual progress by European leaders on the debt crisis. But this strategist has other ideas.
After the euro zone, the most common topic of this column has been the labor market. Unemployment is the biggest single issue for developed economies, now and for the next several years at least, and it has been disappointing, to say the least, to see the lack of effective response from policymakers so far.
Europe is in crisis mode, China cuts reserve requirements, and business is up down under - it's time for your FX Fix.
CNBC's Steve Liesman has the details of the pact that would enforce limits on debt and deficit.
"I think the idea that countries and regions can make policy independent of what else is going on in the world is pretty ludicrous, and yet we still seem to be presuming the best global policy is the arithmetic sum of some national policies. That's not working too well," Morgan Stanley Asia's nonexecutive chairman, Stephen Roach, told CNBC.
Jim Cramer has brilliantly posed the most important question facing the markets today when thinking about the impact of Europe: "Is there too much hope here?"
The Eurozone’s policymakers are running behind warnings, and warnings are running behind the crisis. Big Bazooka 2, bailouts, printing money, and Eurobonds are only partial solutions to systemic problems and too little too late.
Italy's government debt is unsustainable and needs an orderly restructuring to avoid a disorderly default, economist Nouriel Roubini wrote on Tuesday.
Short euro positions hit a high and the Australian dollar gets a lift - it's time for your FX Fix.
New technologies, open platforms, and better governance are helping to create cities that are both environmentally responsible and economically attractive. We are increasingly witnessing the growth of intelligent cities - cities which increasingly deliver services with the aid of so-called smart technologies.
Thanks to the European debt crisis, we’re now in what the “Mad Money” host calls DEFCON three—two stages away from a huge financial collapse.
Remember when it was cool to take sides against the demands of the IMF's restrictions on aid to Latin America?