Will the Federal Reserve’s Ben Bernanke soon follow the European Central Bank’s Mario Draghi? In his first action as Jean-Claude Trichet’s replacement, Draghi cut the ECB target rate by a quarter percent to 1.25 percent from 1.5 percent. It was a surprise.
Discussing Greece's future, Europe's woes, and where's he's putting his money to work, with Mario Gabelli, GAMCO Investors chairman/CEO.
CNBC's Silvia Wadhwa has the details on new ECB chief Mario Draghi surprising the markets by cutting rates, and CNBC's Rick Santelli shares what the issues are surrounding the rate cut.
Barack Obama has called on world leaders to assist the euro zone in working out the details of its rescue plan so that it can be “fully and decisively implemented,” Dow Jones reported.
Tensions between Greek Prime Minister George Papandreou and Finance Minister Evangelos Venizelos are increasing the risk of a Greek government collapse, after Europe and the International Monetary Fund (IMF) warned the debt-laden country Wednesday that it will cut off its aid flow until a planned referendum is resolved.
The European council of heads of states have met 7 times this year and still have another meeting in the diary. Europe’s finance ministers have met 11 times and plan two more before the year is out.
George Osborne is looking at options to cut billions of pounds from next year’s benefits bill by scrapping inflation-linked rises, in a move that could trigger a fierce cabinet clash, according to the FT.
To cut or not to cut? The new president of the European Central Bank will make a decision sure to move the euro on Thursday.
Individual investors will be up against political gridlock as the economy grows slowly next year, prospects that may damp stock-market gains even if Congress pushes through a trillion-dollar budget cut.
Greece's referendum angers euro-zone leaders and the Fed meeting presses on the buck - it's time for your FX Fix.
António Horta-Osório, the chief executive of Lloyds Banking Group who joined the part-nationalised lender at the beginning of the year, is poised to step back from his role as chief executive due to health reasons, according to senior executives. The FT reports.
Simply incredible. After Greece entered the European Union under likely false pretenses about their financial condition, and after the European Union has obsessed for months trying to find an orderly solution to the massive debt issues of Greece, Greek leadership now decides to suddenly be uber-democratic and ask for a referendum.
"The American people know the fiscal path that Washington is on is not sustainable. These deficits are like a cancer. They're going to destroy the country from within," Erskine Bowles told CNBC.
The City of London Corporation joined St Paul’s Cathedral on Tuesday in suspending legal action against a group of protestors camped by the side of the cathedral.
The current European conundrum is not just a financial crisis. It’s a crisis of governance and leadership.
Looking at the current forecast models for gridlock, the consequences of inaction are significant both at home and when examining our global competitiveness.
Europe’s recent attempt to manage the persistent debt crisis still remains a source of great concern. Naturally, the issue is magnified by the constructs of the European Union, overwhelmed by healthy egos and very little money.