The U.K. will put "security first," the finance minister said. Plus, he scrapped plans to cut welfare payments to low-paid workers.» Read More
As tension over exchange rates grows and central bankers across the globe try to cool talk of a "currency war", Russia on Wednesday denied it was manipulating its currency.
Dutch banking and insurance group, ING reported fourth-quarter net profit that missed expectations on Wednesday but the company's Chief Financial Officer told CNBC it would implement major cuts to save 1 billion euros in operating costs per year.
A BofE pledge to help London become a global trading center for China's yuan has stirred talk of a revival in the city's fortunes, similar to the explosion of the U.S. dollar market in the 1960s and 70s.
Patrick Flynn, CFO of ING Group, tells CNBC that the group saw a solid result in the background of a difficult European environment.
CNBC's Simon Hobbs reports European shares staged a turnaround, as bank stocks closed higher.
European Central Bank chief Mario Draghi said exchange rates are as important for growth as for price stability.
Barclays plans to cut at least 3,700 jobs in 2013 as part of a strategic overhaul aimed at reducing the group's annual costs by 1.7 billion pounds ($2.7 billion) by 2015.
L'Oreal, the world's biggest cosmetics group, said it was open to a strategic acquisition, a day after unveiling results at the top end of expectations and a 500 million euro ($669 million) share buyback.
CNBC's Kelly Evans reports Barclays announced its turnaround plan aimed at reducing the bank's annual costs, which sent the stock up over 4 percent.
Jeff Molitor, CIO Europe at Vanguard, tells CNBC why exchange-traded funds are so useful for investors and why the ETF boom is sustainable.
London's mayor told CNBC the U.K. capital is far more attractive than Silicon Valley as a base for technology companies.
The head of Italian defense group Finmeccanica was arrested in a corruption probe centered on the sale of helicopters to the Indian government.
Karen Cho takes you through the European markets where stocks have opened lower.
Olli Rehn, EU commisioner, tells CNBC that the euro group meeting discussed exchange rate policy and the EU is 'committed to ensuring stable monetary relations'.
Royal Bank of Scotland chairman Philip Hampton has defended the bonus due to be paid to chief executive Stephen Hester even though the British bank has been punished for rigging interest rates.
Pope Benedict left the Catholic world in shock after becoming the first pontiff since the Middle Ages to resign his office, saying that failing strength had left him unable to lead the church through a period of relentless change and turmoil.
NBC News' Claudio Lavanga reports on the Pope's abdication. And Fernando Napolitano, CEO & president, Italian Business & Investment Initiative, shares his thoughts on the Pope's resignation as well as opportunities in Italy now.
Discussions about an overvaluation of the euro are simply a diversion from governments' task of sorting out their economies, ECB's Weidmann said on Monday, resisting political pressure to weaken the currency.
CNBC's Simon Hobbs reports European markets closed in the red as shares of Danish Pharma group Novo Nordisk fell sharply after U.S. regulators requested additional tests on the firm's new insulin drugs.
European shares closed lower on Monday as sharp falls in Danish pharma group Novo Nordisk outweighed rallies in rival Sanofi and Dutch retailer Ahold.
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David Owen, chief European financial economist at Jefferies, comments on U.K. finance minister George Osborne's budget statement, including the backtrack on cuts to tax credits, and says the U.K. economy is growing robustly.
George Osborne, U.K. finance minister, announces spending cuts to the government's transportation department, but will invest in new roads and railways.
George Osborne, U.K. finance minister, announces changes to the country's national health service, including a £6 billion cash injection into its budget, and removes the cap on the number of student nurses by replacing direct funding with student loans.