Youth unemployment represents one of the most significant barriers to economic and social development throughout the world, John Studzinski is Senior Managing Director and Head of Financial Advisory at Blackstone says in this guest blog for CNBC.
At the global level, the youth unemployment rate in 2009 was 2.7 times higher than the adult unemployment rate. In four of nine regions the ratio went beyond 3. Why are youth unemployment rates so much higher than adult rates?
The euro nears parity with the dollar, the Bank of England undertakes its own QE2 and Greece opts to restructure its debt.
The mortgage mess bites big banks, the municipal debt crunch becomes a crisis and a surprise move from Jamie Dimon.
The next 24 hours could prove a major turning point in Europe’s crisis, one that substantially reduces the risk for all investors on world markets.
European stock index futures pointed to a rebound for equities on Wednesday, with better-than-expected Chinese manufacturing data helping to bolster positive sentiment.
Even as Europe struggles to contain its latest debt crisis, fresh fissures are emerging that show the euro zone diverging into two — or even three — different economic parts that threaten to compound the problems even further. The NYT reports.
Here's how Ireland's EU bailout went down.
The EU bailout for Irish banks failed to quell financial markets. Borrowing costs for Portugal, Spain and others continue to rise, because structural problems created by the euro and single European market remain unaddressed and more crises are inevitable.
A look at recent German headlines shows the difficulty the government of the euro zone’ biggest country faces in satisfying both the demands of its euro zone partners and those of its citizens.
European shares were set to rise Tuesday, bouncing back from seven-week closing lows in the previous session on worries about the euro zone debt crisis, after Wall Street cut its losses.
Europe's sovereign debt woes will continue to tug at markets, as investors Tuesday also get a few new pieces of U.S. economic data and hear from Fed Chairman Ben Bernanke on the economy.
Stocks declined, but ended significantly off session lows, as financials gained and the dollar slipped, although investors remained concerned about the effectiveness of Europe's attempt to contain sovereign debt troubles. HP and Home Depot fell, while AmEx and BofA rose.
Stocks came back from session lows as financials gained, although the market remained lower amid continuing fears about Europe's ability to harness a credit crisis despite a weekend bailout agreement for Ireland. HP and Home Depot fell, while AmEx and BofA rose.
Earlier this morning, Nouriel Roubini sent out this tweet: "Greece & Ireland are solvency not liquidity."
There are clearly two perspectives emerging on Europe's problems and this chasm in perspectives will become more clear as time goes by. The budget minded nations are reigning in the less disciplined sovereigns. Solvent Europe vs. broke member nations.
Stocks sank Monday as a strong start to the December holiday shopping season failed to counter investor concerns about the wider implications of debt burdens throughout Europe even as a final agreement was reached on Ireland's bailout fund. HP and Boeing slumped, while Bank of America rose.
Ireland, North and South Korea, Congress and more - here's what you need to know for this week.
U.S. stock index futures slid deeper into negative territory ahead of the open Monday as a final agreement on Ireland's bailout fund failed to lift investor sentiment.
The premium investors demand to hold Belgian government bonds rather than benchmark German debt rose to its widest level since early 2009 on Monday as the country issued 2 billion euros of 2014, 2020 and 2035-dated bonds.