U.K. Chancellor George Osborne's Autumn Statement and spending review will seek to deliver a plan to balance the books by 2020. The FT reports.» Read More
The Bank of England has a good case for restarting monetary stimulus, and may need to buy up to 175 billion pounds more of government bonds if growth is far below potential, a senior policymaker said.
The controversial new documentary's Rome premiere was canceled, its subject deemed "too political" ahead of elections this Sunday.
Italian defence group Finmeccanica has delayed publication of its 2012 results after a bribery probe connected with the sale of 12 helicopters to Indian authorities, it said on Thursday.
British Prime Minister David Cameron says a giant diamond his country forced India to hand over in the colonial era that was set in a royal crown will not be returned.
A court in Rome ruled on Thursday the Italian government's plan to lend 3.9 billion euros to troubled lender Banca Monte dei Paschi di Siena can go ahead. The Rome administrative court will make its decision public on Friday.
Geoffrey Yu, FX strategist at UBS, tells CNBC that the market was complacent and waited too long to price in political woes.
Peter Griffin, Head of Global Risk Assessment and Sovereign Fixed Income at Global Interest Rates says indecisiveness in the Italian elections could result in spreads blowing out.
Banks and broker-dealers ensnared in the Libor-rigging scandal are facing fresh pressure to settle with Europe's top competition authority, the Financial Times reports.
Traders will be watching the track of the euro Friday, as they decide how defensive they should be going into the weekend. Thursday was a second day of "risk-off" selling with stock, commodities and the euro all heading lower.
Silvio Berlusconi's resurgence and the rise of a foul-mouthed populist comedian have thrown Italy's weekend election wide open, with deep uncertainty over whether the poll can produce a positive outcome.
Next month will determine the eventual fate of the Falkland Islands—and the 1.4 billion barrels of oil so far discovered there. The resolution will come through a referendum among the islanders themselves. Argentina isn't happy about that.
The European Central Bank made 555 million euros ($732 million) last year from Greek sovereign bonds acquired under its first bond-buy plan.
After a year under Mario Monti's technocratic government, Italians return to the polls on Sunday February 24.
A sharp fall on the Milan stock market hit European shares on Thursday, with uncertainty over this weekend's Italian elections pushing a key euro zone equity index to its lowest level since the start of 2013.
CNBC's Simon Hobbs reports weak economic data and Fed worries causes stocks to tumble in Europe. All of the major indexes closed sharply lower.
For more than a century unskilled Italians have gone abroad to escape poverty, but these days the people running for the exits are among the country's top brains.
The president of the European Parliament, warned Italians on Thursday not to back the scandal-ridden media tycoon at the ballot box.
Spain sold more bonds than it had targeted in its third debt sale of the week on Thursday, as the Treasury makes the most of a recent easing in investor concerns.
Twenty percent of Italian companies are set to fail, Intesa Sanpaolo Chief Executive Enrico Cucchiani, told CNBC on Wednesday.
CNBC's Kelly Evans reports concerns on the future of quantitative easing from the Federal Reserve, and weak economic data sent European sharply lower on Thursday.
Get the best of CNBC in your inbox
Richard Fuller, Conservative MP, and Rain Newton-Smith, director of economics at the CBI, discuss whether or not the U.K. finance minister George Osborne can reduce the country's budget deficit.
Arda Tunca, economic editor for Brandmap magazine, discusses possible problems for Turkey if its economic relationship with Russia deteriorates after a Russia fighter jet was shot down by the Turkish military.
Bryn Jones, head of fixed income at Rathbones, says six percent of the European high yield market is junk and many investors are not being compensated for taking these risks.