Amid fears that go-it-alone moves such as President Barack Obama's plan to break up big banks will further hamper the fledging economic recovery, finance ministers and central bankers from the Group of Seven major industrial countries meet.
Portuguese authorities' favorite expression is: Portugal is not Greece. Everybody, from the country's central bank governor to economists in private banks, says this.
Why would you ever want to be President? Everyone who comes to the job does so with some vision and dream and quickly has to learn how to dance the dance if anything is to be done. It's harder now than ever with the accumulated debt we have built up.
Catch me if you've heard this one before. A global crisis emerges from some obscure country, and the VIX surges by some mind-boggling amount.
Case in point, it seems the IMF is the only body that may have the legal capability to assist these countries in their time of need. This reminds me of something, what is it?
There are some who blame the Fed for missing warnings signs leading up to the financial crisis; others have said the Fed caused the crisis with its “easy-money” policies.
Officials in Davos should try to reach a global consensus about the need for a new regulatory regime for banks, Nobel Prize laureate Joseph Stiglitz told CNBC Friday.
The world debt overhang is threatening the world recovery, because markets will realize at some point how risky it is and the yields on bonds will increase, Niall Ferguson, professor of history at Harvard University, told CNBC Thursday.
Withdrawing economic stimuli and tightening monetary policy are difficult choices, but asset bubbles are cropping up, Nouriel Roubini told CNBC in Davos.
The European Central Bank will start phasing out the measures it took to boost liquidity at the height of the crisis and it cannot cater to the needs of individual countries with problems, Axel Weber, ECB governing council member, told CNBC Wednesday.
The budget problems of EU members Portugal, Ireland, Greece and Spain have made the unflattering acronym, PIGS, common parlance in global economic circles, such as that of the World Economic Forum's annual meeting in Davos, Switzerland this week.
Taxing the banks in Europe and the United States may cause a double-dip recession because there will not be enough money to finance the recovery, Robert Sloan, author of "Don't Blame the Shorts" told CNBC Thursday.
Are traders betting on catastrophe in 2010? Jared Levy has spotted an ominous trend.
The proposed merger between British Airways and Iberia would be bad for consumers as the flag-carrying airlines would raise ticket prices on their competing routes, Michael O'Leary, CEO of discount Irish carrier Ryanair, told CNBC Friday.
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Held at the iconic Somerset House in London's West End, the catwalk shows and exhibitions highlighted the UK's place in the global fashion landscape along with featuring new talent.
Do you remember that very strong European Competition czar who battled Microsoft and Intel, accusing them of anti-competitive behavior? The question now is: will she be strong enough to battle Germany’s Angela Merkel?
The Federal Reserve is preparing regulation that would see it veto banks' compensation policies if it believes they encourage bank employees to take too much risk, the Wall Street Journal reported Friday.
JP Morgan changed its preference to traditional, credit-exposed banks from investment banks after regulators pledged to toughen capital rules for financial institutions, Reuters reported Wednesday, quoting research by the bank.
Deutsche Bank's effort to spy on its critics was more extensive than previously disclosed, involving a plan to target as many as 20 people, including a number of investors, a detective involved in the affair told the Wall Street Journal.