After weeks of backing a European rescue for the financially troubled Greece, Germany shifted course on Thursday, signaling that help should come from the International Monetary Fund rather than Greece’s neighbors, the New York Times reported.
The euro is unlikely to still exist as a currency over the longer term, the pound will fall substantially in the next few years and US Treasurys and some real estate in China are the world's two current bubbles, legendary investor Jim Rogers told CNBC.com Wednesday.
The next generation of faster mobile networks is poised to lower costs for operators and potentially unleash a new price war in the industry in Europe.
The economies to watch now are the "Emerging Seven"...Their combined gross domestic product could overtake that of the G7 this decade and open up a 30 percent lead by 2030, according to a PricewaterhouseCoopers forecast. But what will Russia look like in 2030?
Europe is looking (maybe) to form a Eurozone Monetary Fund with powers similar to the International Monetary Fund.
It never ceases to amaze how political leaders can shamelessly blame free markets and faceless speculators for the consequences of their lousy financial decisions.
Greece is likely to formally ask the European Union for financial aid if the cost of borrowing does not fall in coming weeks and, if it doesn't get it, may go to the International Monetary Fund, Greek government officials told Dow Jones Newswires.
Greek leaders' overtures for far tougher curbs on credit default swaps fell largely on deaf ears in Washington, but they'll go back to Athens with some sage advice from local policy wonks: look in the mirror and don't blame market messengers for your debt woes.
The absence of credit default swaps could push a country's borrowing costs even higher.
This year's Geneva International Motor Show, a number of luxury brands debuted concept and experimental hybrids. Take a look at what the future luxury hybrid might look like.
If islands are not a real cash option and - often deplored by Greek politicians - many of the valuable antiquities have long been pilfered (by fellow Europeans), what DOES Greece still have to sell?
The amount of bickering around the Greek crisis shows that Europe is clearly not ready for a United States of Europe - not yet and maybe not ever.
The European Commission invited regulators, central banks, ratings agencies, fund managers and brokers for a technical meeting Friday in Brussels to discuss the fundamentals of the credit default swaps market.
What the new CEO needs to do is improve ITV's sketchy track record in long-form drama and comedy, which have for some years been far weaker than those of the BBC and the huge amount of US shows that fill up the digital world.
It's set to be a tumultuous week in the Greek financial crisis that will reach its crescendo Friday when Prime Minister George Papandréou travels to Berlin to meet with the German Chancellor Merkel.
Buffett on making "dumb deals." This is part five of the transcript and video of Warren Buffett's 'Ask Warren' appearance on CNBC's Squawk Box on Monday, March 1, 2010. Topics include: Buffett's view on Kraft's acquisition of Cadbury, global warming, Goldman Sachs, Moody's, and Greece's debt problem.
In talking with global investors and in my recent trip to Davos for the World Economic Forum, I found that people are hardly even talking about Russia anymore. They’ve dropped the ”R“ to the point where it’s become the BIC nations.
Bets by some of the same banks that helped Greece shroud its mounting debts may actually now be pushing the nation closer to the brink of financial ruin, the New York Times reported.
The global economy looks set to plunge back into recession as the sovereign debt pressure currently rocking Europe intensifies, Ashok Shah, CIO of London & Capital, told CNBC Wednesday.
Carlsberg is one of the world's largest makers of beer, but the Danish firm has no plans to expand into the American markets, preferring instead to tie its growth targets to Eastern Europe and Asia.