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With the world’s markets focused on the no-confidence vote in Athens Tuesday evening, one of the big questions facing the investors is if Portugal and Ireland could fall into similar difficulties if dreaded contagion where to spread across Europe’s periphery.
For more than two years, we have witnessed the economic demise of several European countries. This soon led to the financial community systematically assessing the health of several peripheral southern European countries, tumbling investment grade ratings and spikes in required rates of return on government debt of these sovereigns. As the European Central Bank continues to dole out rescue packages, many are now looking for the next country to suffer a financial attack and wondering if the euro will even survive, reports the FT.
The International Monetary Fund has revised its growth forecast for the euro zone to 2 percent, up from 1.6 percent, despite persistent concerns about the peripheral countries.
Coming up this Wednesday, the Fed's Policy Committee will meet and Fed head Ben Bernanke will host his second public press conference.
Bring back the drachma! Let Greece drop out of the euro for a while and give the Greek economy the chance to recover. Back to the good old days of soft currency and depreciation ...
A mismatch in the US labour market between the skills of unemployed people and the jobs available is making it hard for some companies to find the right staff despite an unemployment rate of more than 9 percent, one of the country’s largest manufacturing employers has warned, the Financial Times reports.
Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.
The clock is ticking on Greece's efforts to pass austerity measures. Here's how to trade the drama.
The week's top business news and investment advice, including what to do on a potential fire sale of Greek assets, Pandora's volatile stock price, and playing defense.
The talk of the second bailout of Greece is getting louder and louder. Greek Prime Minister Papandreou reshuffled his cabinet today appointed Evangelos Venizelos as finance minister, replacing George Papaconstantinou. Deutsche Bank’s CEO Josef Ackermann has been a leadership voice in the Eurozone on this issue. Maria Bartiromo spoke to Ackermann in a CNBC Exclusive about the implications of this bailout.
Novartis broke ground this week for our new manufacturing plant outside St. Petersburg, Russia. The facility is part of our $500 million, five-year commitment to help improve Russia’s healthcare infrastructure. Our investment addresses local manufacturing, R&D collaborations and public health development.
A deal for aid to Greece has to be stitched together in the next few days, strategists say. Here's how to trade now that it's decision time.
The House Oversight Committee wants to know if the National Labor Relations Board overstepped its authority and is stifling American competitiveness, Chairman Rep. Darrell Issa told CNBC Friday.
Greece's crisis is roiling global currency markets, but bitcoins - yes - are unscathed. Time for your Friday FX Fix.
Greece's hasty cabinet reshuffle has failed to boost confidence both domestically and internationally in the ability of the Greeks to help themselves out of the deepening debt crisis, Konstantinos Michalos, president, Athens Chamber of Commerce and Industry, told CNBC Friday.
Russia and China are the most attractive BRIC countries at the moment, according to Jim O’Neill, Chairman of Goldman Sachs Asset Management.
On Thursday morning, French youth who took the test were asked “Is equality a threat to liberty?”, “Can one be right despite the facts?” or even “Is art any less necessary than science?”
What happens if Greece defaults? Everyone from Japanese savers to US retirees is likely to feel the effects. Learn more.
Yes, the euro is struggling and Greece is a mess. Still. Time to look elsewhere for a fresh trading idea.
Markets took a tumble on Thursday on fresh worries about the Greek debt crisis and European policy makers were urged to come up with a credible plan to restructure the country's debt.