The International Monetary Fund Managing Director Christine Lagarde said today that fixing the euro debt crisis would help the global economy as a whole. Speaking at a news conference in Pretoria following a breakfast meeting with South Africa's Finance Minister Pravin Gordhan, Lagarde said her visits to the African continent showed her the effects of the European sovereign debt crisis were felt far outside of Europe.
German firms are increasingly their share of business with emerging economies at the expense of European countries. Dow Jones's Nina Koeppen explains why companies like carmaker Volkswagen have led the search for new markets.
Germany's DAX registered an annual drop of 14.7 percent as trading ended for 2011 on Friday (December 30) after a year marred by the euro zone debt crisis that has threatened to drag down the global economy.Germany's DAX registered an annual drop of 14.7 percent as trading ended for 2011 on Friday (December 30) after a year marred by the euro zone debt crisis that has threatened to drag down the global economy.
The Swiss bank UBS is the latest to predict further weakness in its investment banking. A restructuring of business failed to prevent its earnings taking a hit from the euro zone debt crisis and worries about the global economy.
The number of U.S. workers filing applications for jobless benefits rose sharply last week, as seasonal factors play havoc with the data. Kathleen Madigan reports on the economic outlook on Markets Hub.
05/15/12 Knight Capital Americas' Mark Otto talks about the Euro zone debt crisis and the latest global economic data. Expectations for the upcoming trading sessions are also discussed, including technical levels.
There are signs the labor market's recent improvement may be slowing, and economy watchers will be primed to parse Friday's GDP numbers for signs of weakness. Kathleen Madigan reports on Markets Hub. Photo: Getty Images.
U.S. President Barack Obama pledged at a Group of Eight summit on Saturday (May 19)to work with Europe on a package that balances growth with debt reduction as world leaders try to prevent the worsening euro zone crisis from destabilizing the global economy. U.S. President Barack Obama told reporters that there was, "more work to do" when asked if the G8 has made any decisions about the euro zone.
Paul Vigna and Leslie Josephs talk to Kathleen Madigan about how jobless claims and GDP data could portend a slowing economy, and Jack Hough examines companies that actually beat earnings versus those that set expectations very low. Photo: AP.