Portugal's budget for 2016 was judged to be "at risk of non-compliance" with European Union rules.» Read More
European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.
Friday’s disappointing US non-farm payrolls data showed no jobs where created in the US in August sending stocks sharply lower as fears over a recession intensified.
Greece’s finance minister has staunchly defended his handling of the country’s relations with international lenders, accusing his critics of promoting “a mood of uncertainty and scaremongering,” the Financial Times reports.
Investors must be extra diligent when picking stocks in this tough economic environment, Anne Gudefin, fund manager at PIMCO Pathfinder, fund told CNBC Monday.
With the financial system facing renewed stress and global growth faltering economists at Goldman Sachs are predicting Britain will embark on a second round of quantitative easing in the coming months.
The man who ran Germany when the euro began trading has an idea to save the euro zone: the creation of a "United States of Europe."
Greater fiscal and political union is needed in Europe, and will be discussed by euro zone leaders within months, Joaquin Almunia, EU Competition Commissioner, told CNBC Saturday.
The Italian government is still wrangling over how best to balance its budget, losing credibility with key leaders and opinion formers.
Dominique Strauss-Kahn returned home to France on Sunday, for the first time since attempted rape accusations by a New York hotel maid unleashed an international scandal that dashed the former International Monetary Fund chief's chances for the French presidency.
This week's European Central Bank meeting will show whether the ECB can save the global economy. Here's how to get ready.
The week's top business news and investment advice, including telecom and retail picks, with CNBC's Oriel Morrison.
After trickling forward in terms of job growth in the United States, the August numbers released Friday were met with alarm. The numbers suggest that companies have stopped hiring and are maintaining the status quo in terms of head count. Based on this release, data equity markets sold off and gold rallied as concerns arose about the strength of the US economic recovery. Banks in particular including much maligned Bank of America were hit as a result.
Since President Dmitry Medvedev sent his first tweet from Twitter’s headquarters during his landmark trip to Silicon Valley one year ago, US-Russia collaboration in technology and innovation has surged.
President Barack Obama on Friday sacked a controversial proposed regulation tightening health-based standards for smog, bowing to the demands of congressional Republicans and some business leaders.
Every now and then an economic data chart just screams out for an explanation, and this chart below by the Dallas Fed is one of them.
A Libyan official says five foreign oil and gas companies have returned to Libya to resuscitate production choked off by civil war and sanctions.
The economics team at HSBC are predicting the US and European economies will spend the next few years in a permafrost, or sub-par growth.
"If you look at the situation of the economic crisis it was always more political than financial. We need to simplify the decision-making process because at the moment it is far too complicated," Jose Maria Aznar, former Prime Minister of Spain, told CNBC.
In Greece, "further economic weakness expected this year, partly driven by the global slowdown, can only make things worse also on the fiscal front," according to economists at Credit Suisse in London.
Dismal news is sending the euro tumbling - but that doesn't mean you should jump in on weakness.