The decision, announced by EU competition chief Margrethe Vestager, said traders from seven investment banks colluded in online chatrooms to fix prices and share sensitive information.
Dozens of European and Asian leaders will gather in impoverished Laos today for a major summit set to be dominated by the eurozone debt crisis and growing territorial tensions in the region.
According to Jan Randolph, director of sovereign risk at IHS Global Insight, Germany is already feeling the effects of the euro zone crisis.
The tides are turning, and experts say this is the best time to step in to the stock market to enjoy good returns.
Robert Parker of Credit Suisse AMC sees global equity markets trade sideways with a downwards bias till September.
Geoffrey Dennis, global emerging market strategist at Citi, tells CNBC-TV18 that they are underweight on India.
Spain's high government bond yields are right where they should be given the country's inflation outlook, Mark Mobius of Templeton Asset Management`s Emerging Markets Group told CNBC.
According to Tim Ghriskey of Solaris Asset Management, Wall Street and European markets have experienced a heavy sell-off, mainly due to the concerns arising out of Spain and it debt problems.
As surgeons prepare to amputate a gangrened foot to prevent infection spreading to healthier parts of the body, gamblers on the sidelines lay bets on which limb will be next for the chop.
The government today claimed the country would bounce back to eight per cent growth rate this financial year and held there was no paralysis in the UPA II government as alleged by some sections.
Even if this EU summit brings along a roadmap for the eurozone, , Arnab Das of Roubini Global Economics believes it will not be enough to keep the region afloat.
Hans Goetti of Finaport hopes that European leaders will lay out a roadmap for fiscal and political union for the eurozone this summit.
Oil prices inched lower in Asian trade today as weak US consumer data and the eurozone's financial woes dragged on sentiment ahead of a key OPEC meeting later in the day.
Investors are looking ahead to key global cues this week that could help ease the euro zones debt crisis and help global markets rally a bit as they search for the right catalyst. But which key event or events can push markets higher again?
In an interview to CNBC-TV18, Hans Goetti, chief investment officer of Finaport says Greece exiting the euro zone is now inevitable in the medium-term.
In an interview to CNBC-TV18, Nick Verdi, Currency Strategist, Asia, Barclays Capital says the sell-off this week hasn't been rupee specific.
The Bank of England looks set to call a halt to its asset-buying programme on Thursday, despite the economy having slipped into recession and renewed risks rising from the eurozone debt crisis, as UK inflation remains stubbornly high.
Justin Harper of IG Markets tells CNBC-TV18 that the outlook for equities is bleak for this week and the next few weeks ahead.
On equities as a whole, Robert Doll, the chief equity investment manager at BlackRock finds stocks still attractively valued and that the market is still discounting a more negative environment.
Continued crisis in the euro zone hurts the modest recovery under way in emerging European and Central Asian nations, the World Bank said on Friday.
Brent held above USD 118 per barrel on Friday, with prices headed for their steepest weekly drop in more than three months as fears that the eurozone debt crisis could flare up again dented the demand outlook.
The International Monetary Fund's bid to win a big boost in funding to handle the eurozone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash.
Gold traded nearly flat on Wednesday after a successful Spanish debt auction eased fears about the eurozone debt crisis, but the upside is capped as the euro remains under pressure ahead of a longer-term debt sale in Madrid later this week.
Japan said on Tuesday it will provide USD 60 billion in loans to the International Monetary Fund, becoming the first non-European nation to commit new money to boost the fund's firepower to contain the eurozone debt crisis.
Fierce debate is growing in Europe over whether austerity or growth offers the best strategy to overcome the continent's sovereign debt crisis. As if it were that simple.