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Barclays investment banking profits almost halved in the first half compared to the same period last year, as trading revenues slumped.
Russia continues to see the U.S. and Europe as partners, not adversaries, a Russian diplomat told CNBC on Wednesday.
U.K. authorities have announced plans to hit misbehaving bankers in the pocket, and could potentially demand the repayment of seven-year-old bonuses.
Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.
AstraZeneca took steps to build up its respiratory medicine business by striking a deal to acquire the rights to lung drugs developed by Almirall.
Aerospace and defense firm Airbus reported a rise in both revenues and net profit for the first half on Wednesday, while confirming 2014 guidance.
Fiat Chrysler reported a sharp fall in net profit as a better performance from its luxury brands failed to offset weakness in Latin America.
Total stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine.
The White House also said Tuesday that the U.S. could announce new sanctions on Russia "as soon as today."
Despite the lack of economic good news, euro zone countries are finding it increasingly easy to borrow thanks to record-low bond yields.
With the resurgent greenback set to react further to economic data coming from the U.S., many analysts have argued that sterling has reached a tipping point.
PSA Peugeot Citroen narrowed its first-half net loss and posted the first positive contribution from its core auto division in three years.
An investor is suing Barclays over losses suffered after New York's attorney general accused the bank of lying about its electronic trading platform.
Over 2,000 years since the the Hippocratic Oath was introduced there are calls for bankers to follow suit, in an effort to prevent another crisis.
The Gherkin, one of London’s most recognizable buildings, is up for sale, and is expected to reach £650 million plus, according to property sources.
BP, the U.K. oil giant, announced a 34 percent rise in profits Tuesday – but its results bore out the importance of its Russian investments.
UBS posted a second-quarter net profit of 792 million Swiss francs, as it booked a $280 million charge to help settle litigation in Germany.
The ties between Britain’s banks and its economy have always been close, but they seem to have become even tighter in the post-banking bailout era.
German bank results beat expectations but increases reserves for future litigation or settlements by to $2.95 billion.
French carmaker delivers a 25 percent increase in first-half operating profit even as currency headwinds and mounting inventories hurt sales.
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