French President Nicolas Sarkozy is due to meet with Prime Minister Francois Fillon, Finance Minister Francois Baroin and Budget Minister Valerie Pecresse on Wednesday morning to decide where to slash the national budget.
Post-Gaddafi Libya could begin pumping oil in the next few months, as rebels secured oil infrastructure around Tripoli and edged closer to taking complete control of the country. However, oil markets are shifting their attention to concerns that the US might undertake further fiscal stimulus.
The notion that China is going to replace the United States as sole superpower is possibly the greatest myth of our time.
Super big combined with super unstable and super repressed is not a formula for a superpower—at least not a durable one. Super institutions and super free is. The leading superpower title is America’s to lose.
Oil companies are understood to be preparing to move back into the North African country, which used to pump 1.6 million barrels per day before the uprising against Muammar Gaddafi's government began six months ago.
Weighing in on the traits of the best GOP candidate to run against President Obama in 2012, with former governor Jon Huntsman, (R-UT), who adds that the nation is losing sight of some Republicans who want to get the economic house in order.
CNBC's John Harwood has the details on the front-runners in the race for a GOP presidential candidate in the 2012 election.
On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.
The fact that Deven Shama, the president of Standard & Poor’s, has stood down from his job just a couple of days after the agency downgraded the United States' credit rating has raised questions over whether he is being made into a scapegoat to deflect political pressure on the credit ratings agency.
While rebels in Libya take control of much of Tripoli, the U.S. Treasury has seized $30 billion dollars of Gaddafi's money. CNBC's Eamon Javers is hot on the money trail of the Libyan leader.
Charges against former head of the International Monetary Fund Dominique Strauss-Kahn may be dropped altogether this week in New York.
The question facing every investor on the planet is simple enough: When will this sell-off come to an end? Because when it does, the risk-on trade will mean big returns.
Euro bonds are exactly the “wrong answer” to the current crisis and would merely lead the euro zone to a "debt union" rather than a “stability union” according to German Chancellor Angela Merkel.
Europe’s economic and monetary union as constructed does not work and the euro zone needs some collective and determined leadership according to Jim O’Neill, the chairman of Goldman Sachs Asset Management.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
I always encourage investors to look at a variety of indicators. By itself, any single indicator can lead you astray. More importantly, many indicators sound like they would be predictive, but are actually not very profitable.
He believes the Fed has created enough liquidity, but it's tax and regulatory barriers that have blocked growth and job creation. He also responds to GOP attacks on the Fed.
Ann and David Le Breton preside over Edgartown Books, a thirty-year old shop in a restored whaling captain's home on Martha's Vineyard. The pair have once again put together a summer reading for President Obama and the First Family to enjoy over the summer vacation.
Spain will announce further austerity measures on Friday in a bid to fend off debt market attacks but avoid the kind of drastic cuts that could damage the ruling Socialists' chances in November's general election.
Fears over the safety and solvency of European government debt and banks are haunting the stock market.