Wilbur Ross on European Debt Crisis
Airtime: Tues. May 18 2010 | 7:04 AM ET
“I think what will actually happen to Greece and a lot of the other countries is, at best, stagflation,” legendary investor Wilbur Ross, of WL Ross & Co., told CNBC.
Airtime: Tues. May 18 2010 | 7:04 AM ET
“I think what will actually happen to Greece and a lot of the other countries is, at best, stagflation,” legendary investor Wilbur Ross, of WL Ross & Co., told CNBC.
Political problems within the euro zone are going to get worse as debt-laden countries struggle with rising unemployment while attempting to cut budgets, Peter Dixon from Commerzbank Securities told CNBC Monday.
“I think the financial markets understand that Greek debt restructuring is on the cards, which is an implicit default,” Neil MacKinnon from VTB Capital told CNBC Wednesday. Kirby Daley from Newedge Group joined the discussion.
A highlight of what to expect at the Singapore International Energy Week, with CNBC’s Sri Jegarajah.
The computer networking company’s Q3 results topped estimates, but investors are still wary. John Chambers, CEO of Cisco, discusses the company’s earnings and outlook with CNBC.
Profit at Randgold Resources jumped 83% in the first-quarter of 2010 compared to the previous year. Mark Bristow, CEO of Randgold Resources, expects a strong performance in the final quarter.
Apple is launching a lawsuit against Taiwan’s HTC over smart phone patents, with CNBC’s Jim Goldman