French bank Societe Generale reports worse-than-expected fourth-quarter net profit.» Read More
Milan court doctors ruled on Saturday that Silvio Berlusconi was able to attend a tax fraud appeal, rejecting the former prime minister's complaint that an eye condition prevented him leaving hospital.
Executive excess need not be etched in stone. Just look at the Nordic region, where an egalitarian tradition and a high quality of life leave top managers content with lower paychecks.
Norway's oil fund almost halved its exposure to UK and French government bonds last year while increasing it to debt from the US, Japan and Germany. The FT reports.
CNBC's Simon Hobbs reports European shares were able to extend gains on Friday after the release of positive jobs numbers from the U.S.
Giuseppe Recchi, chairman of Eni SpA, tells CNBC that while sentiment and confidence around the global economy is good, Europe's internal markets are a strain on its recovery.
European shares closed higher on Friday after better than expected non-farm payrolls in the U.S boosted investor sentiment.
Antonio Borges, former Europe director of IMF, tells CNBC that banks hording liquidity is a significant factor in Europe's troubles, one that can only be solved by a rapid move towards banking union.
Japan will have to make "huge" efforts to get its economy moving again, and the process could take years.
The euro zone may need higher inflation in countries like Germany and lower interest rates across the bloc to ensure a sustained economic recovery brings palpable benefits, the head of the IMF said on Friday.
Barclays paid 428 bankers more than 1 million pounds ($1.5 million) in 2012, a torrid year for the British bank after its fine for rigging Libor interest rates.
CNBC's Kelly Evans reports European shares traded higher ahead of Friday's jobs report in the U.S.
The big winner in Italy's election was populist leader Beppe Grillo, but young Florence mayor Matteo Renzi is emerging as a less obvious beneficiary of a huge protest vote that threatens to destroy the old political system.
European shares opened higher ahead of U.S. nonfarm payrolls released later today.
Tourism in Greece is bouncing back this year in an otherwise flat European market, held back by the weak economic climate, travel industry executives said.
The euro zone is undergoing serious socio-political fragmentation which could lead to further de-stabilization in the bloc, Nouriel Roubini warned Friday.
Hans-Werner Sinn, president of the IFO Institute discusses Germany's willingness to support weaker euro zone economies and reforms needed to kick-start growth.
Barclays' chief executive Antony Jenkins has told investors that cost reduction is his absolute priority and he wants to find a way for the bank to operate with as few as 100,000 staff – a near 30 per cent reduction on its current headcount. The Financial Times reports.
Nomura and Societe Generale are the latest banks to warn about gold, as several banks in recent days have cut their price forecasts and warnings about a correction for bullion have risen.
European shares ended slightly lower on Thursday, held back by a post-results slump for British insurer Aviva, and some said they expected the pullback to continue in the short term.
Kevin Gardiner, head of investment strategy at Barclays, tells CNBC that from a narrow investor viewpoint, European stock markets have the edge over most other asset classes.
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Bob Janjuah, senior independent client adviser at Nomura, discusses the oil markets and where prices are headed.
Eric Robertsen, head of global macro strategy and FX research at Standard Chartered, says the lasck of inflation is a problem for the Federal Reserve.
Maurice Levy, CEO of Publicis, says there is more pressure now to cut costs and reduce fees, due to the impact of digital and greater competition.