Spanish Banks

As borrowing costs get closer to the danger area that forced Ireland, Greece and Portugal to seek a bailout, investors are concerned that Spain is next in line to dial for help. Justin Harper of IG Markets finds that the Spanish government is downplaying its country's debt issues.

Markets rally on pessimism; EU keen to resolve crisis: UBS

Stephane Deo, chief European economist, UBS explains to CNBC-TV18 that all officials and members at the EU summit are keen of resolving the crisis and keeping Europe united.

Politicians to take bold action, avoid delay: Darren Sinden

Darren Sinden of Silverwind Securities explains to CNBC-TV18 that the only solution lies with the politicians who have to face the reality and take bold, yet unpopular, decisions.

US crude steady around $78 after dropping to 8-month low

US crude futures steadied around USD 78 a barrel on Friday after sliding nearly 4% in the previous session to an eight-month low on weak economic data from China, the United States and the euro zone along with swelling crude oil supplies.

Fitch cuts 18 Spanish banks after sovereign downgrade

Fitch Ratings on Tuesday downgraded 18 Spanish banks less than a week after the agency cut the country's sovereign debt rating, underscoring the potential for lenders' assets to deteriorate further.

Fed officials amplify concerns over Europe

USA-FED:Fed officials amplify concerns over Europe

EU's Spain bank rescue may bring only brief respite

Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece's debt crisis flares again but any respite for Madrid and the euro may be short-lived.

IMF denies it in talks with Spain on funding help

The head of the International Monetary Fund said on Thursday the global lender had not received a request for financial support from Spain and described her meeting with Spain's Deputy Prime Minister Soraya Saenz de Santamaria as 'very productive.

Money flies out of Spain, regions pressured

Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut.

Investors on the lookout for action from ECB, EU: IG Market

Justin Harper, head of research of IG Markets tells CNBC-TV18 that the sharp corrections witnessed in global markets has investors entering the field again to pick up some solid companies which are available at a discounted price.

Spain to kick off banking sector audit

Spain, under pressure from the European Union to accelerate its bank clean-up, will name independent auditors on Friday to probe bad loans and property holdings in the financial sector and determine how big a state bailout is needed.

Moody's downgrades 16 Spanish banks

Moody's Investor Service carried out a sweeping downgrade of 16 Spanish banks on Thursday citing a weak economy and the government's reduced ability to support troubled lenders.

Spain's first step must be to recapitalise banks: Rabobank

The biggest fear is that Spain's cost of debt is hovering around the dangerous 6% limit, says Lyn Graham Taylor of Rabobank.

Euro zone tensions boost German debt

Fears of a resurgence in the euro zone debt crisis boosted demand for safe-haven German bonds on Wednesday, while the Bank of England and a European Central Bank official signalled more monetary policy easing measures were unlikely.

Europe can't keep printing money, buy own toxic stock: BGC

David Buick, partner, BGC tells CNBC-TV18 that the collapse in European markets is due to a whole of reasons, ranging from the release of data points from the eurozone, US and China.