The newly-elected Islamist governments in countries such as Egypt need to address urgent economic issues such as unemployment ahead of religious concerns, political leaders and religious experts said at the World Economic Forum Thursday.
It is “inevitable” that Facebook will go public and when it does it could be “the largest offering in history,” said Sean Parker, the first president of the social-networking site, in an interview with CNBC at the World Economic Forum in Davos.
It might sound heretical for a leader of a communications firm to suggest it, but lately I’ve been thinking that a lot of big brands and companies should take a vow of silence.
Investors underestimate just how positive an effect the ECB's move to flush the market with liquidity has had on banks, Huw van Steenis, head of EMEA banks and financials research at Morgan Stanley, said.
The impact of a Greek default on American banks would be negligible, JP Morgan Chase CEO Jamie Dimon told CNBC on Thursday, and while there are chances of a bad outcome in Europe, he is not concerned about unpleasant surprises in the region.
The Federal Reserve’s announcement on interest rates was welcomed by business leaders in Davos Thursday morning – but there is still nervousness about the future of the US economy.
Growth in Central and Eastern Europe hinges on developments in the euro zone and a slowdown in the CEE region is already underway, European Bank for Reconstruction and Development (EBRD) chief economist Erik Berglof told CNBC on Wednesday.
Austerity alone does not deliver the rewards it is meant to and the threats of stunted economic growth and recession remain high in the euro zone, Stephen King, global chief economist at HSBC told CNBC.
U.S. economic growth "is likely to be a little bit slower than we might have thought a couple of quarters back" because "the European situation is having an impact," Citigroup CEO Vikram Pandit told CNBC.
German Chancellor Angela Merkel has rejected calls for a big increase in the eurozone's rescue fund.
Uncertainty and volatility will likely be the two words we will hear most during the first two days in Davos — uncertainty about economic growth rates, particularly in Europe, and volatility in commodity prices driven by continuing demand in emerging markets and possible political disruptions around the world.
Europe’s banking system is on the brink — and Wall Street is its bedfellow. So what does Wall Street want out of Europe's most elite economic confab? Skiing, distressed debt deals, and above all: solvency.
More than 40 years since the World Economic Forum (WEF) began as the rather less-impressive sounding European Management Forum, political leaders, chief executives of the world’s biggest banks, royalty, actors and pop stars will converge on the small Swiss ski resort of Davos next week.
Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in a human rights court to make good on its bond payments.
As Europe’s debt turmoil enters its third year, no clear solutions are yet in sight — despite recent signs that a new lending program by the European Central Bank might be easing pressures.
As difficult as the last two years have been for Europe, 2012 could be even tougher. Each week, countries will need to sell billions of dollars of bonds — a staggering $1 trillion in total — to replace existing debt and cover their current budget deficits, the New York Times reports.
Funny what a European debt crisis can do to the appeal of the dollar.
The European Central Bank will continue to ease monetary policy but it needs to see inflation coming lower, Michael Plavnik, head of the short-term interest rate desk at Citigroup, said. "I definitely believe the ECB will cut rates. I don't think they'll cut in January, I think they'll cut in February."
The euro is under pressure and Switzerland's top central banker is under fire - it's time for your FX Fix.
The cliché in politics is that its not the wrongdoing that destroys you, it's the cover-up.