Squawk Box Live is tracking markets as equities and crude prices make notable gains.» Read More
300 jobs may be gone by September in the town of Tofte, the deadline set by the loss-making oil plant's Swedish owner to find a buyer or close.
The European Union will make a fresh attempt on Wednesday to share out the costs of future bank failures, starting a regime to spare taxpayers further bailouts.
An "accommodative" monetary policy is still appropriate for the European Central Bank, ECB President Mario Draghi has said.
The euro zone has squandered precious time in making reforms during a time of central bank support for the economy, the president of the Center for Financial Studies, Otmar Issing, told CNBC on Tuesday.
The former head of the European Central Bank told CNBC that central banks can only do so much to jump-start a global recovery.
housands of workers and unemployed people marched in Rome on Saturday to protest against record unemployment and call on Enrico Letta's two-month-old government to deliver more than empty rhetoric on the issue.
Mediobanca, under pressure to improve returns for shareholders, plans to sell almost all of its stakes in major companies, ending half a century of influence at the heart of Italian business to focus on banking.
Talk of a suspension of bailout money to struggling euro zone country Greece is "premature", according to a senior International Monetary Fund (IMF) official.
The Swiss National Bank said it was far from ready to end its unconventional policy measures, on Thursday, unlike the U.S. Federal Reserve.
Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.
Japanese PM Abe said on Tuesday G-8 leaders expressed strong support for his "Abenomics" economic policies and heard no concerns about Japan's super easy monetary easing.
Positive business activity data for the euro zone on Thursday will fail to stop a much larger fall over the long-term for the single currency.
From Union Jack booties to "Born to Rule" sleepwear, analysts estimate the baby fever could boost the British economy by 240 million pounds ($380 million).
EC President José Manuel Barroso hit back at French opposition to a proposed transatlantic trade agreement as “extremely reactionary”, in an interview with the International Herald Tribune on Monday.
Amid a sea of gloomy economic data and rising tensions, the next few months could prove decisive for whether the euro zone economy sinks or swims.
A deeper-than-expected recession is hurting Italy's public finances but it can still keep the budget deficit below 3 percent of output without more fiscal tightening.
The ECB has hit back at suggestions that its mandate should be up for discussion. The Financial Times reports.
A strike by air traffic controllers forced cancellations of more than 60 percent of flights around France and disrupted travel elsewhere in Europe.
Thousands of Russians marched through Moscow demanding Vladimir Putin resign on Wednesday, as the president took the helm of a loyalist movement designed to broaden his power base.
Turkey's protests entered a new, more chaotic phase after riot police cleared Taksim Square in the early hours of Wednesday morning, denying protesters a key platform from which they had operated.