"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Reports of tensions may have been sparked by Kraft Heinz's underperformance, and because of accounting problems at the packaged goods company.Investingread more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
SpaceX used its high speed boat called "Ms. Tree" to catch the nosecone its Falcon 9 rocket after Monday's launch.Investing in Spaceread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Greece's stock market crashed on Tuesday and bond yields spiked after the country's government surprised investors by announcing a snap presidential vote.
The election was originally scheduled for the new year, but will now take place next week.
The news, announced late Monday, caused the Athens Stock Exchange to close down around 12.8 percent on Tuesday, and the yield on Greek 10-year government debt to rise to 8.158 percent.
On Monday, euro zone finance ministers signaled that they were in favor of granting Greece a two-month extension to its bailout program, which Athens will ask for on Tuesday.
Prime Minister Antonis Samaras brought forward the election to select a new president after failing to win backing from Brussels over his 2015 budget. The first of three rounds of voting will be held on December 17.
A failure by Samaras to get his candidate elected for president—who has yet to be announced—could trigger early elections, Reuters reported Tuesday.
Unpopular austerity policies have been implemented by the Greek government as a condition for an international aid program worth 240 billion euros ($259 billion) which began in 2010.
The government under Samaras is reluctant to impose more austerity measures, as required by its lenders, but a lack of reform progress could mean that Greece does not receive a last tranche of aid and an exit to its bailout program is delayed.
Former IMF board member Miranda Xafa said the decision to bring forward the presidential vote was "surprising", but that it could be a strategic move by Samaras to put opposition parties—like the left-wing, anti-austerity party Syriza—in a "very awkward position".
Syriza has said it would tear up the bailout agreement and not make a deal with the agreement with the so-called "troika" of international organizations which oversee Greece's bailout: the European Commission, International Monetary Fund and European Central Bank.
"Yesterday, the euro group granted a short extension of the European leg of the bailout program. (But) without a program, Greece would be left without a backstop and would not be able to get a disbursement (of the last tranche of aid)," Xafa, who is currently president of Athens-based consultancy firm EF Consulting, said. "It really puts them (Syriza) into a bind."
John Milios, an economist for Syriza and a member of parliament, told CNBC that the presidential vote was the beginning of a process that would result in early general elections.
"The government is not going to collect the two-thirds of the vote as is demanded by the constitution and we think that this is a very good moment to change policy. The majority of the people in Greece can no longer afford the extreme austerity policies," he told CNBC Europe's "Squawk Box. "
Austerity had caused a humanitarian crisis, according to Milios, and had damaged the Greek economy. "This program cannot go on," he said. "(We need policies) to restart the economy, to have a social program and to boost growth. We need a budget which does not create any deficits anymore."
—By CNBC's Holly Ellyatt, follow her on Twitter . Follow us on Twitter: @CNBCWorld