The European Central Bank (ECB) should not be used as a lender of last resort to national governments, John Lipsky, the International Monetary Fund’s (IMF) First Deputy Managing Director, said on Friday.
Occupy London Stock Exchange demonstrators announced on Friday they had “repossessed” a building belonging to Swiss investment bank UBS in Hackney East London.
The austerity measures being rolled out in countries across Europe will have a devastating effect on the living standards of its population, an economist told CNBC Friday.
Analysts identified five main problems – among them, over-regulation and low productivity – the country needs to tackle to make its economy more competitive.
Congress has sent President Barack Obama a bipartisan spending bill that averts a federal shutdown, but widespread Republican defections underscore rifts between the party's conservatives and pragmatists.
Groucho Marx once said that money frees you from doing things you dislike. “Since I dislike doing nearly everything, money is handy,” said the Marx Brother.
"The solution for this crisis of the euro will be more economic governance at the European levels," Pedro Sanchez, the vice-president of the Spanish socialist party PSOE told CNBC ahead of difficult general elections. "Europe will never be the problem for the world or the member states, it will be the solution," he added.
Discussing insider trading on Capitol Hill, with Peter Schweizer, "Throw Them All Out" author.
How should you respond when suddenly, mid-sentence, your mind goes blank and you have your own Perry "Oops" moment? Here are three tips.
Stock markets have taken such a beating over the past few months that they are now more resilient to any upheavals, apart from a complete breakdown of the euro zone, an analyst told CNBC Thursday.
UBS suffered unauthorised trading on the Africa desk of its UK wealth management division in 2007 and initiated a root-and-branch review of its compliance procedures, a UK tribunal has heard, the FT reports.
CNBC's Mary Thompson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
With a week to go before the Super Committee's deadlines, defense is expected to take a big hit, reports CNBC's Jane Wells.
If the European Central Bank commits to a program to buy bonds from 'danger' states then the euro zone should stay intact, Patrick Armstrong, managing partner at Armstrong Investment Management, told CNBC Wednesday.
Amb. Ronald Spogli, Former U.S. Ambassador To Italy & San Marino (2005-2009), discusses how the new Italian prime minister and new Italian head of the ECB are likely to work toward bringing Italy out of its current debt crisis.
German frustration over Britain’s approach to the euro zone crisis erupted on Tuesday after a close ally of Angela Merkel accused the UK of selfishness just days before a meeting between the two countries’ leaders in Berlin, the FT reports.
Confronted with turbulence in the provinces, the eurozone has sent in new governors. In place of the wayward George Papandreou, Greece now has Lucas Papademos, former vice-president of the European Central Bank. Instead of the unruly Silvio Berlusconi, Italy has Mario Monti, former head of competition policy at the European Commission, according to the FT.
CNBC's Michelle Caruso-Cabrera has the latest details on Italy's new PM, Mario Monti, and whether he'll be able to save his debt-ridden country, with Nile Gardiner, Heritage Foundation.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
It’s the economy stupid—maybe not. President Obama with the help of Congressional allies has turned the key issues to his advantage.