Stanley Fischer's candidacy for managing director of the International Monetary Fund was dismissed on grounds of age Monday, as the 67 year old is two years above the threshold of 65 demanded for the job.
The end of Europe's love affair with nuclear energy provides fertile ground for the development of other renewable sources of power, according to the head of European infrastructure at private equity house Kohlberg Kravis Roberts (KKR), which has just completed a major deal in the sector.
The bickering continues in Europe as a critical deadline looms for Greece — but you wouldn't know it from watching the euro against the dollar.
The aviation industry is in recovery mode, but a lot depends on whether positive forecasts for 2011 and 2012 pan out. The Paris Air Show in late June will shed some light on that.
In the race to become head of the International Monetary Fund, nationality is one of many factors that can help or hinder individuals, but few candidacies have the potential to be as charged as that of the Bank of Israel chief, Stanley Fischer.
Bond traders and officials at the European Central Bank have been unified in their warnings that a restructuring of Greece’s debt would set off an investor panic similar to the one that followed the bankruptcy of Lehman Brothers, the New York Times reports.
Greece is the linchpin for a solution and resolution of the crisis. The essential element missing is this: how to do a Greek debt restructuring. Let's review what's happened and what could happen given the rich history of global debt restructuring.
The dollar could be set to rally against the euro despite improved market sentiment around the European sovereign debt crisis, Robin Griffiths, technical strategist at Cazenove Capital told CNBC Monday.
Pentecost, from the Ancient Greek pentếkosta, meaning fiftieth, is the Christian holiday celebrating the Holy Spirit descending on the Apostles fifty days after Easter.
As Germany and the European Central Bank battle over what to do next on Greek debt restructuring, or lack of it, one economist is predicting the answer could be scrip money, and lots more trouble ahead.
Swedish construction company Skanska is expanding to Romania, banking on growth potential and infrastructure needs in the European Union's newest member, Skanska Executive Vice President Roman Wieczorek told CNBC.com.
The role of consumer inflation expectations has become overplayed in the politicized environment that central banks are now operating in, and to be effective, institutions like the European Central Bank may need to be less fixated on their public credibility, Paul Donovan, economist at UBS, told CNBC.com.
In order for a deal on Greece to be agreed, Germany dropped its demand for restructuring of Greek debt and some pain for private bond holders.
To spend or not to spend. That is the question dominating the thoughts of economists and politicians across the world as the impact of austerity, or lack of it, on growth rates slowly becomes apparent.
The euro zone’s reluctance to consider some kind of restructuring for Greece – and at some point Ireland and Portugal – has been heavily criticized by economists, who believe a default of some kind by one or all three of the troubled economies is now inevitable.
The German parliament voted in favor of a resolution on Friday from the ruling coalition parties to back additional aid for Greece.
Citigroup’s revelation that hackers stole personal information from more than 200,000 credit card holders makes it one of the largest direct attacks on a major bank, the New York Times reports.
The South Korean won is weighed down and the ECB's Trichet is talking. It's time for your daily FX Fix.
Geir Haarde, Iceland's former prime minister, has been charged with criminal negligence over his part in the collapse of the country's banking sector in 2008, the first credible attempt to hold a head of government accountable for the failures in oversight that led to the global financial crisis.
Dominique Strauss-Kahn, naturally, isn't attending this year, and his likely successor Christine Lagarde is in China, but the Bilderberg Conference, which kicks off in the Swiss resort of St. Moritz on Thursday, retains its conspiratorial chic and pulling power.