The latest GDP growth figures from Ireland are just totally bogus that nobody believes them. » Read More
Stocks ended mixed after trading in a tight range for most of the session Wednesday as continued uncertainties with the global economy weighed on investors, ahead of General Motors highly anticipated initial public offering. Home Depot fell, while McDonald's rose.
Stocks turned negative after trading within a tight range for most of the session Wednesday as continued uncertainties with the global economy weighed on investors. Home Depot fell, while Merck rose.
The British government signaled Wednesday that it could offer direct financial assistance to Ireland, even though Britain is outside the euro zone, as prospects grew for an international rescue package to avert another European debt crisis. The NYT reports.
Stocks were slightly higher but trading in a narrow band after a batch of economic data confirmed slow growth in the U.S. economy and as traders awaited more clarity concerning a potential bailout of Ireland's banks. Merck rose, while Home Depot fell.
Clearing house LCH Clearnet doubled its margin requirement for Irish government bonds Wednesday, reacting to fears over uncertainty regarding the country's debt issues, which pushed yields on Irish debt higher.
U.S. stock index futures remained higher ahead of the open Wednesday after news that inflation remains tame, but housing starts were weak, as investors looked ahead to a massive stock offering from General Motors.
European shares were set to open mixed Wednesday as worries over the debt situation in the euro zone persist and fears of monetary tightening in China because of the danger of inflation increased.
There were a lot of incorrect theories for the Dow's 178-point loss on Tuesday. Here they are, rebutted.
And how to use the decline to your advantage.
European shares were set to open lower on Tuesday as fears Dublin could seek money for its stricken banks from an EU emergency fund linger among investors.
Is the real threat of the European debt crisis being underreported in the US?
In an article in today's Financial Times, Portuguese finance Minister Fernando Teixeira dos Santos was discussing the implications of the current simultaneous credit crises in Greece, Portugal, and Ireland.
The euro is likely to lose some of its strength over the short term, but if Ireland asks for bailout funding and establishes a clear mechanism of how it will work, some nerves in the markets will be settled, Richard Yetsenga, global head of emerging-markets currency strategy at HSBC told CNBC Monday.
The European Union may have managed to stanch the bleeding—for the moment—on Irish bonds.
Much of the economic focus this week has been on the group of 20 leading nations summit in South Korea, yet something equally significant has been happening in Europe, Pimco's Mohamed El-Erian writes in the FT.
Veracruz founder Steve Cortes thinks so and here's how he's trading it.
The European Central Bank’s reluctance to consider further monetary easing exacerbates the problems the euro zone is currently facing, economist Nouriel Roubini told CNBC Thursday.
Patrick Honohan, Ireland’s central bank governor, on Wednesday put a “For Sale” sign over the country’s ailing banks, stressing that foreign ownership of the troubled sector was “not as far-fetched a scenario as it might appear to some”, reports the Financial Times.
The United States should tax purchases of yen, yuan and euro used to import goods from those three economies. Set it at about 40 percent until the Gang of Three agrees to acceptable exchange rate reforms.
When interest rates soared last week on Irish government bonds, it served as a warning to other indebted nations of how difficult it could be to roll back decades of public sector largess. The New York Times reports.