Five employees from Standard & Poor's and one from Fitch are accused of inflicting unjustified damage to Italy, the FT reports.» Read More
The euro zone economy is on track for a recovery later this year driven by the European Central Bank's loose monetary policy, the bank's President Mario Draghi said.
State control of natural resources tends to evoke images of authoritarian countries, yet the most oft-cited example for the U.S. is Norway.
Faced with soaring unemployment, deepening recession, and a widening political backlash, European officials are easing up on two-year-old demands for painful budget cuts.
Turkish police detained 939 people in 90 different demonstrations across Turkey, interior minister Muammer Guler said on Saturday.
Monsanto is not pushing for expansion of genetically modified crops in most of Europe as opposition to its biotech seeds in many countries remains high, company officials said.
The two-day auction of 1,200 bottles of wine from the Elysee Palace is on pace to surpass its estimate of $300,000, helped by the sale of a 1990 Petrus for $9,400.
European Commission's economic chief, Olli Rehn, said he was "amazed" that France had criticized his team for recommending reforms while proposing more economic coordination for the euro zone.
Europe's banks, which were among the biggest buyers of U.S. mortgage bonds before the financial crisis, are set to cash in on America's housing recovery by selling the once "toxic" assets back to U.S. lenders.
North Americans may have a reputation for generous tipping, but Germans are actually more likely to tip while on holiday, according to a TripAdvisor survey.
Greece's economy is showing the first signs of a recovery, reducing the odds of it exiting the euro zone, according to a new report from analysts at Berenberg Bank.
Italy's overall jobless rate and youth unemployment edged up in April to the highest levels on record, data showed on Friday.
Demonstrators from the anti-capitalist Blockupy movement will seek to cut off access to the European Central Bank and other financial institutions in Frankfurt on Friday, to protest their handling of Europe's debt crisis.
Russian businessmen and officials close to President Vladimir Putin have stolen up to $30 billion from funds intended for preparations for next year's Sochi Winter Olympics, according to a report released on Thursday by opposition leaders.
As the Bank of England prepares for the tenure of new governor Mark Carney, one industry lobbyist has warned that another debasement for sterling will lead to dangerous inflation.
UBS is set to raise pay for investment bankers by an average 9 percent to entice staff into staying by lifting salaries to market rates.
The new head of the Vatican bank will need plenty of prayer and strength to rescue its scandal-torn reputation.
The U.K. could post better-than-expected GDP numbers over the next three years, thanks to a strong service sector, the British Chambers of Commerce said Friday.
European countries planning a tax on financial transactions are set to drastically scale back the levy, cutting it by 90 percent, in what would be a major victory for banks.
President Francois Hollande pledged to carry out long overdue reforms but said it was up to Paris, not the EC, to determine how they are implemented.
After the banking crisis, oil prices are the next threat to the euro zone, analysts told CNBC, arguing that prices will rise once the shale oil revolution in the U.S. dies down.
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David Tinsley, UK and European economist at UBS, discusses the future for the Bank of England and when it could raise rates.
Richard Mallinson, geopolitical analyst at Energy Aspects, explains why more lower prices will help them in the long term.
Ahead of Portugal's elections, Miguel Frasquilho, President of Trade & Investment Agency, talks business and investment responses.