It is too early to buy Turkish assets, despite the rout, Renaissance Capital said on Friday. Instead, it advocated investors look at Russia. » Read More
Hungarian oil company MOL, which recently rebuffed a takeover from OMV, has stolen a march on its Austrian rival to acquire INA of Croatia, where regulators approved MOL's bid on Monday.
European shares were expected to fall on Monday, tracking losses in U.S. and Asian stocks as Dell's warning on corporate technology spending continued to hit tech stocks while investors fretted about the impact of Hurricane Gustav.
European shares are set to open slightly higher on Friday, extending the previous session's sharp gains, after a big upward revision in U.S. second quarter growth, but oil prices rose on supply concerns.
Russian military convoys rolled out of three key positions in Georgia and headed toward Moscow-backed separatist regions on Friday in a significant withdrawal two weeks after thousands of troops roared into the former Soviet republic.
European equities were seen opening slightly lower on Monday, as investors turn cautious following a dip in the U.S. dollar versus the euro and with oil prices rising.
A top Russian general on Friday said Poland's deal with the United States to set up parts of a missile defence shield on Polish territory lays it open to a possible military strike, a Russian news agency reported.
European equities were set to rise on Friday, tracking gains on Wall Street and in Asia, as a fall in commodity prices further eased concerns over consumer spending and inflation.
European equities were seen gaining ground on Thursday, recovering after the previous session's sharp losses as rising commodity prices help support heavyweight mining and energy shares.
Georgia and Russia agreed in principle to an EU-brokered peace plan over South Ossetia on Wednesday as the U.S. showed disapproval of Moscow's attacks on its neighbor.
UBS will separate its investment bank from its prized wealth management arm, paving the way to sell the business that made it Europe's biggest casualty of the credit crunch.
Russian President Dmitry Medvedev ordered a halt to military operations in Georgia on Tuesday, after five days of fighting and just before French President Nicolas Sarkozy was to hold peace talks in Moscow.
The Russian rouble and share indexes rebounded on Monday from a severe drop earlier in the day, boosted by President Dmitry Medvedev's statement the military conflict with Georgia might be nearing its end.
The developed markets are likely to continue to underperform, while the commodity and emerging market indices will generate better returns.
More and more U.S. investors are moving money across the pond, looking for opportunities within the European Union which makes up 25 percent of the total global stock market capitalization of around $55 trillion.
Shifting focus to fast-growing Eastern Europe and shedding jobs in the mature Western European markets will ensure that the continent's second-largest bank meets its ambitious growth targets, UniCredit CEO Alessandro Profumo told "Squawk Box Europe" on Wednesday.
Romanian growth play Banca Transilvania, headquartered in the Transylvanian city of Cluj, is among those recommended by Erste Bank analysts.
This much is clear: European nation states are focusing on different ways of securing energy supplies for the long-term through a mix of politics and innovation.
Countries that have joined the European Union over the past few years have been touted as younger and more dynamic than their Western peers. The credit crunch has sifted the solid convergence plays from the very risky ones.
So what now for both teams? United have done the double and repeated the feats of their team in 1999. Their challenge will be motivating themselves to do it all again. For Chelsea they end the season without a trophy for the first time in three seasons. Motivation next season should not be an issue.
Red square may be surrounded by the Russian military,but inside things are very calm. Manchester United and Chelsea fans look relaxed ahead of the biggest game in English football history.