Christine Lagarde said China's slowdown would pressure oil and commodity exporters around the globe, increasing demands for IMF aid.» Read More
The current situation in the euro zone is "untenable" and policymakers will have to either pursue greater European economic integration or see countries exit the euro, George Magnus, Senior Economic Advisor, UBS told CNBC Tuesday.
Growth in the euro zone's dominant service sector slowed for a third straight month in June, and by more than an initial estimate, with sluggish new orders dimming the outlook, a survey showed on Tuesday.
The European Central Bank will continue to accept Greek debt as collateral for loans unless all the major credit rating agencies it uses declare it to be in default, said a senior finance official to the Financial Times.
"Risk on" and "risk off" continue to be debated and the weakness of the global economy is weighing on investors, but European high yield corporate bonds are enjoying something of a rally.
A Greek default is coming and the European authorities trying to avoid it will have to face up to it eventually, a leading economist told CNBC Monday.
Little by little, the woman's credibility as a witness crumbled — she had lied about her immigration, about being gang raped in Guinea, about her experiences in her homeland and about her finances, officials told the NY Times.
The week's top business news and investment advice, including end of QE2 plays, European equities, financial favorites and more.
The euro had a big runup after the Greek crisis was temporarily resolved, but traders are flummoxed about next moves.
CNBC's Scott Cohn discusses what happens next in the Dominique Strauss-Kahn case, with NBC's Jonathan Dienst and CNBC.com's John Carney.
Warren Buffett famously said: "It takes 20 years to build a reputation and five minutes to ruin it."
The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.
Japanese businesses are pessimistic and euro traders don't know what to think — it's time for your Friday FX Fix.
A look at the events that led up to the arrest of the former IMF chief, with NBC's Jonathan Dienst.
France is in shock again in the Dominique Strauss-Kahn saga, as in the latest twist of the story the Socialist politician and former head of the International Monetary Fund (IMF) could be cleared of accusations of sex crimes against a maid in a New York hotel.
With all the bearishness on the dollar out there, you would think investors would be racing for the exits. Um, not just yet.
Strong medicine for Greece will jumpstart aid plans and currency investors' fears will ease, one strategist says.
Around 750,000 British teachers, civil servants, border agents and other public sector workers went on strike on Thursday after negotiations with the government failed to come to a resolution over proposed pension reforms.
Will U.S. growth continue on a slow path over the next decade? Insight with John Lipsky, International Monetary Fund acting managing director.
Press reports that the European Banking Authority (EBA) could fail up to 15 European banks as a show of the strength and resilience of the tests are completely unfounded, the EBA’s chairman said on Wednesday.
The UK government needs to address the concerns that the parliamentary committee which oversees the banking industry still has over its proposed regulatory reforms, a senior Conservative politician has told CNBC.com