An Iranian news agency is reporting police have closed down dozens of toy shop for selling Barbie dolls. The stated aim is to fight Western cultural influence.
A couple of years ago, the words “American consumer” cast a shadow over global markets. No wonder. Back in the days of the credit bubble, American consumer borrowing helped to create a crazy debt binge, the Financial Times reports.
Sizing up BNP Paribas operations in the U.S. and insight on the bank's exposure to European debt, with Everett Schenk, BNP Paribas North America CEO.
CNBC's Sharon Epperson reports on the continuous slide in natural gas prices, now at a 10-year low, and how investors who bet on a bounce are getting burned.
Might a strong Newt Gingrich debate performance tonight trump the ABC Nightline interview with Newt’s ex-wife Marianne?
David Cameron’s pledge to curb executive pay and stop “rewards for failure” is set to face its biggest test, as Royal Bank of Scotland prepares to offer a bonus of more than £1 million ($1.54 million) to its chief executive, even though the state-controlled bank’s share price has almost halved in a year, the Financial Times reports.
The deterioration in growth in the Greek economy means that getting the private sector involvement necessary to reduce the debt of the country will not be enough to make the debt manageable, according to one expert.
Europe is on everyone's minds, but this strategist is more interested in a trans-Atlantic trade.
There is trouble brewing over the European Central Bank's Greek debt position, but Greek Prime Minister Papademos isn't going near it.
Sen. Pat Toomey, (R-PA), says he is appalled by Newt Gingrich's position in the GOP race: "He has adopted the language of the left which is attacking the free enterprise system," he says.
The United Kingdom will retain its triple-A credit rating this year thanks to the Bank of England’s policy of quantitative easing and demand for UK gilts, City-based analysts told CNBC.
Italy’s prime minister has pleaded for Germany and other creditor countries to do more to help lower his country’s borrowing costs, warning there would be a “powerful backlash” among voters in the euro zone’s struggling periphery if they did not, the Financial Times reports.
The United Kingdom is likely already back in recession and may see unemployment approach three million before the end of the year, economic think tank the Ernst & Young Item Club forecast on Monday.
The Iranian Foreign Ministry has confirmed it has received a letter from the United States concerning the Strait of Hormuz, “via three different channels.” Authorities were considering whether to reply, although the contents of the letter were not divulged.
French Socialist presidential hopeful Francois Hollande promised on Sunday to take tough measures to reduce the "dominance of finance", two days after France's top-notch triple-A credit rating was cut by agency Standard & Poor's.
As Europe and the US tighten sanctions on Iran, China remains the largest buyer of Iranian oil and has played down economic sanctions as an effective way to influence Tehran. The CSM reports.
Will America, Inc. ask Mitt Romney the former turnaround CEO to prevent the bankruptcy of U.S. Government, Inc.? Isn’t a Bainful turnaround exactly what America needs?
President Barack Obama announced on Friday that he will ask Congress for greater power to shrink the federal government, and his first idea is merging six sprawling trade and commerce agencies whose overlapping programs can be baffling to businesses.
Italy auctions 4.75 billion euros worth of three-year notes and other bonds, yields came down but investors are watching demand. Spain's economic minister says the country's GDP is expected to fall in the fourth quarter. Apple's debut of the iPhone 4S in China turned ugly when the flagship store opened late and sold out of the product; customers egged the store, according to reports. Novartis plans to shed 2000 jobs in the U.S. as it continues to restructure.
Robert Costa, National Review has the latest details on the GOP race for the White House, and discussing the most recent polls, and the Republican strategy of attacking Mitt Romney and his record at Bain, with Ari Melber, The National Magazine, Kevin Madden, JDA Frontline, and Tony Fratto, former White House deputy press secy.