The IMF board has been told that Greece is not allowed to get a third IMF bailout, The Financial Times Reports.» Read More
U.S. authorities investigating a hacking attack on the International Monetary Fund have concluded it originated in China and was probably connected to the government. The FT reports.
As talks between Hungary and its international creditors heat up, sharp European Union criticism of the country's lack of progress in tackling its high budget deficit added to pressure on Hungarian negotiators, who already seemed to be softening their tough stance.
British trade data disappoints and Fitch offers tough love for the euro - it's time for your FX Fix.
As negotiators arrive back in Athens today, Greece enters a pivotal time period in which it must finish a crucial renegotiation of its more than $200 billion of debt.
Amid the wailing and gnashing of teeth that are governments’ attempts to confirm the long-term viability of the euro project, we are also witnessing an attempt to introduce a financial transactions tax (FTT) or “Tobin Tax” in the European Union.
Beware of trades linked to Europe ahead of Greece's audit next week, one “Fast Money” pro said Monday.
The play on Europe before next Monday's Greece audit, with Larry McDonald, Newedge senior director.
A Hungarian delegation prepares to resume talks with the International Monetary Fund this week, hoping to secure a credit lifeline while investors continue to push up the country’s borrowing costs.
Hungary's economy is approaching "meltdown," analysts warn, adding another financial crisis within Europe and raising concerns about more extreme populist moods gaining ground. The Christian Science Monitor reports.
There is a lot of negativity priced into Hungary, whereas Poland is considered the "darling" of Central and Eastern Europe, Bartosz Pawlowski Emerging Market Strategist at Barclays Wealth Management, said. "Before the month ends we're going to have more clarity and it's going to be a good investment," he said.
Fitch became the third ratings agency to downgrade Hungary's debt to "junk" status on Friday, invoking further deterioration in the country's fiscal and external financing and growth outlook and the government's "unorthodox" economic policies.
Creating a stronger currency union will take time, and the two leaders should concentrate on putting out the immediate fire first, by finding ways to boost growth, analysts told CNBC.com.
The risks to global growth are increasing, which may prompt the International Monetary Fund to forecast a recession for Europe this year, according to Zhu Min, deputy managing director of the IMF.
UK chief financial officers (CFOs) see the break - up of the European single currency as the greatest threat to their businesses in 2012, a survey from the accountancy firm Deloitte showed on Tuesday.
The International Monetary Fund (IMF) should resist pressure from European Union leaders to take part in inadequate bailout programs for European countries, Mohamed El-Erian wrote in the Financial Times.
Greek tax officials walked off the job Thursday at the start of a 48-hour strike to protest salary cuts and other austerity measures, as the government struggles to meet revenue targets.
U.S. futures are up the last trading day before Christmas and a day after the House agrees to accept Senate terms on the payroll tax cut. In Europe, the markets rally into the holidays. The euro is slightly up against the dollar.
What does 2012 hold for the world economy? Will it fall into a double dip recession? Will the euro zone take us all down with it? While acknowledging that predicting what will happen next year is a dangerous business, economist and founder of Strategy Economics Matthew Lynn decided to try anyway.
What were the biggest business stories of the year? Many a journo-hotshot will be glad to tell you. But here at CNBC.com, we like when our readers tell us what interests you.
For investors the markets have been consistently grim all year and the issues we’ve discussed from start to finish – sluggish economic growth, high and rising unemployment, sovereign debt crises and the future of the euro – are still with us and will haunt us well into 2012.