The deepening euro zone crisis is threatening the integration of Eastern European nations into the single currency area, the Chief Economist at the European Bank for Reconstruction and Development (EBRD) told CNBC’s “Worldwide Exchange”.
The world has "hopefully" gotten through the worst in terms of what some analysts have called "currency wars," according to Chad P. Bown, senior economist at the World Bank's Development Research Group, Trade and International Integration.
Pascal Lamy, the World Trade Organization's Director General, told CNBC on Monday that in his opinion Asian banks have stepped in to fill the gap left by European banks in the trade finance market.
The Reserve Bank of India’s intervention in the currency market on Thursday is being viewed by some market watchers as a desperate move to prop up the currency in the absence of government policies to boost sentiment among foreign investors.
In rare public comments, Third Point Founder and activist investor Dan Loeb called Yahoo "bloated" and "not focused" but added that the tech giant is a “great business” capable of being turned around.