Saker Nusseibeh, chief executive of Hermes Fund Manager, tells CNBC, that political risk is becoming a factor in Western markets in a way that it has not been for a long time.
European banks are failing to wean themselves off central bank money, even though steep falls in the cost of collateralised borrowing over the summer mean some now have the option of funding via public markets. The FT reports.
China's President-in-waiting has been missing for 13 days. Donald Straszheim, ISI; David Riedel of Riedel Research Group; and Richard Ross, Auerbach Grayson, discuss China's economy.
More monetary stimulus programs from the Federal Reserve or the European Central Bank will force Latin American currencies to over-appreciate, Chile Finance Minster Felipe Larrain told CNBC on Thursday.
Just how bad were negotiations over the country's deficit problems between the White House and Congress? According to Bob Woodward, Washington Post associate editor, worse than anyone could have imagined.
"The United States condemns in the strongest terms this outrageous and shocking attack, " exclaims President Obama, remarking on yesterday's attack on the U. S. Embassy in Libya; killing four Americans, including the American Ambassador. "Make no mistakes, we will work with the Libyan government to bring to justice the killers who attacked our people, he added.
Last week’s decision by the European Central Bank to make unlimited purchases of government bonds in secondary markets was both necessary and bold. Mario Draghi, the ECB’s president, deserves credit for having obtained agreement for this controversial step, against the sole, albeit significant, opposition of Jens Weidmann, president of Germany’s redoubtable Bundesbank. It is a pity that the ECB did not do this before the crisis in sovereign debt reached Spain and Italy. Yet this delay is not surprising: eurozone policy makers have, perhaps inevitably, done too little, too late.The FT reports.
"Sometime you have to take a strike, and it can be a nasty strike, but the only way you get it settled is to have a strike," explains Donald Trump, Trump Organization chairman & president, sharing his thoughts on the standoff between Chicago's teachers and Mayor Rahm Emanuel.
Jared Bernstein, Center on Budget and Policy Priorities, and Tony Fratto, Hamilton Place Strategies, highlight the differences between President Obama and Mitt Romney's economic plans.
George Soros has issued a passionate plea to the German government to lead the eurozone out of recession by boosting growth, creating a joint fiscal authority and guaranteeing common bonds, or itself leave the currency union to save the future of Europe. The FT reports.
Germany must accept shared leadership of the European Union if the region is to prosper, ex-European Commission President Romano Prodi, told CNBC on Friday.
"This is not what a recovery looks like," says Republican vice presidential nominee, Rep. Paul Ryan, (R-WI), weighing in on August's lackluster payroll report and unemployment numbers.
CNBC's Larry Kudlow provides perspective on former President Clinton's speech last night and takes a look ahead to President Obama's address tonight.
The European Central Bank will refrain from publishing any formal cap on bond yields when it announces a new plan to buy distressed eurozone sovereign debt at its governing council meeting on Thursday, two people familiar with the matter said. The FT reports.
When it comes to energy policy, investors need leaders with an unwavering long-term vision.
Interest rates paid by companies in the eurozone’s weaker economies have surged, highlighting the bloc’s fragmentation as the European Central Bank loses control of borrowing costs. The FT reports.
Only a quarter of Germans think Greece should stay in the eurozone or get more help from other countries in the currency union, a Financial Times/Harris poll has found.
The Venezuelan president pledged to invest $130 billion in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, doubling output to make it OPEC’s second-largest producer after Saudi Arabia, knocking Iran into third place.
Even if one of these candidates is able to alter the race, the occurrence of a significant convention bounce does not ensure success in November.
A Chinese court hands a suspended death sentence to Gu Kailai, wife of former fast-rising political star Bo Xilai. Dane Chamorro, Director, Global Risk Analysis, Asia Pacific, Control Risks and Colin Chapman, Vice President, Asia Pacific, Stratfor discuss the economic and political facets of this case.