In an interview with CNBC, Greece's minister for growth, competitiveness and shipping, Michalis Chrisochoides, was utterly confident that his PASOK party will be able to push through the unpopular medium-term austerity package.
Gazprom, the Russian gas monopoly, could take advantage of Greece's sovereign debt crisis to strengthen its leading position on European gas supply and counter attempts by the European Union to diversify its energy relationships.
As the quarter winds down, the temperature on Wall Street has warmed up quickly for stocks while investors chill on Treasurys.
Asian economies are not protected from Europe’s debt problems given their strong trade links, even though they have high savings and relatively strong financial systems, RBS wrote in a recent report.
A Greek default could be a couple of years away, and that wouldn't be such a bad thing, this strategist says.
Christine Lagarde said that she wants to fix the “open wounds” left by Dominique Strauss-Kahn’s departure from the IMF.
It is the most crucial week yet for Greek Prime Minister George Papandreou in his efforts stave off default for the country.
While Greece is front and center for markets this week, some traders are watching the rally in tech with interest.
Risk-off investors are buying dollars but souring on kiwis.
Indian airlines walked away from the Paris Air Show with a third of the airplane orders last week — a $23 billion gamble that air will finally conquer rail despite a formidable list ofobstacles.
Another week, another crucial moment in the euro crisis. Leaving aside the Groundhog Day resemblance, here's how to trade Greece's upcoming austerity vote.
When it's hard to read the tea leaves, it's time to trade safe-haven currencies. Here's one smart approach.
China's premier Wen Jiabao arrived in Hungary on Friday as part of a five-day tour of Europe that analysts expect will see the Chinese government attempt to reassure markets over its economic management and lend rhetorical support to Europe's economies.
The dollar rides some good economic news, for a change, and the Bank of England's Mervyn King delivers a scolding — time for your FX Fix.
Shares in Italian banks UniCredit SpA and Intesa Sanpaolo fell sharply on Friday and were briefly suspended for hitting the daily downward limit under pressure from Europe's debt crisis.
After a volatile session on Thursday as the International Energy Agency unveiled plans to release strategic reserves in a bid to push oil prices lower, stocks look set for a strong end to the week.
As European leaders meet in Brussels with Greece potentially facing a devastating sovereign default, it is easy to forget that just six months ago it looked as though the European Union was about to turn the corner in its debt crisis, the FT reported.
To most market participants, it should not be a surprise that today we had the type of comments by ECB’s Trichet on the risks associated with Greece contagion. We are constantly hearing the analogy to the US financial crisis and a Lehman event. Also, Trichet’s comments about the link between the sovereign debt and European banks should not be a surprise as this is the key factor in the crisis.
The European Central Bank's Trichet sees red, and hedge funds see problems in Mexico. It's your Thursday FX Fix.
The New York Times considers the possibility that a firm or group of firms insured billions of dollars of European debt through derivatives.