global

CNBC's David Faber speaks to Barbara Matthews, BCM International Regulatory Analytics founder and managing director regarding German Chancellor Angela Merkel's comments on bank re-capitalization at the Barefoot Economic Summit. more...

Economists at Citigroup have again cut their global gross domestic product forecasts for 2011 and 2012 as growth prospects “continue to deteriorate quickly.” more...

The International Monetary Fund (IMF) warned global economic recovery would be “weak and bumpy” and said the global economic recovery was slowing on Tuesday, as it slashed global economic growth to 4 percent for both 2011 and 2012. more...

Goldman Sachs Group is shuttering a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year. more...

Europe's debt crisis has worsened and the world economy has entered into a dangerous new zone, says Christine LaGarde, IMF managing director. CNBC's Maria Bartiromo asks LaGarde why she is focusing on short-term measures. more...

Beijing is likely to face international pressure to allow its currency to appreciate faster as national trade with other countries remains robust. The FT reports. more...

"You probably have to distinguish between different countries. I think in Japan's case it's fairly easy it's all about exchange rates and that's obviously depressing sentiment and exporters and depressing the willingness and profitability of large companies," Richard Jerram, chief economist at...

China needs to float its currency in order to minimize financial imbalances that can cause another global recession, Australian Treasurer and Deputy Prime Minister Wayne Swan told CNBC on Tuesday. more...

The IMF does not expect a coming global recession but risks have increased, an official from the organization said on CNBC Friday. more...

"In terms of global competitiveness what you see is the US has gained leaps and bounds versus Europe. Now, clearly emerging markets are still very competitive on an absolute cost and wage basis, they are still the leaders. However, once you add logistic costs and other associated costs the US is...

Cesar Purisima, Finance Secretary of the Philippines talks about his global economic outlook says market volatility will stay until the fundamental economic issues are addressed. more...

World equity markets tumbled and gold shot to a new record high on Thursday as renewed worries about Europe's debt crisis and sour U.S. data added to fears that major economies were close to recession. more...

"We've got a kind of currency war story going on at the moment associated with this commitment to keep low rates in the U.S. for a very long period of time," Stephen King, chief global economist at HSBC, told CNBC. "Basically when the dollar is weak, it becomes a problem for other countries," he...

Analysts point out that U.S. banks have become much better capitalized than they were during the financial crisis of 2008. But shares of US major banks continue to move sharply lower. more...

In his* first public comments about the* situation, *China's Premier Wen Jiabao urged nations to work together to stabilize turbulent financial markets on Tuesday as global stocks stumbled on fears that the world economy is headed for a downturn. more...

The worry about S&P didn't help but the big story is the uncertainty in Europe, says Ira Jersey, Credit Suisse director of U.S. interest rate strategy. more...

Stephen Davies, CEO of Javelin Wealth Management gives his insight on the global market turmoil. more...

Markets could rebound after Thursday's global sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report told CNBC Friday. more...

The economy is in big trouble, and the world’s central banks may be running out of ways of turning it around, according to Carl Weinberg, chief economist at High Frequency Economics. more...

Gold surged to a fresh record high on Wednesday as investors sought a safe haven in the face of a fragile global economy and mounting financial market pressure on Italy in the euro zone's widening debt crisis. more...