Nomura is making wide-ranging cuts in its European investment banking division, according to sources.
Prime Minister Mario Monti may have saved Italy from ruinous default, but the growth potential of Europe's most sluggish economy is as weak as ever.
The European Central Bank is facing renewed calls to publish the minutes of its monthly meetings so that the public can see more clearly which way members of the interest rate-setting committee have voted, the FT reports.
Low cost airline Ryanair was back in the headlines on Wednesday after Irish and Spanish aviation authorities launched an investigation into the diversion of a Ryanair flight to Madrid from Paris to Tenerife last weekend following a technical issue.
The euro zone crisis has distracted attention from the “dire strait” of the U.K. economy and the country is set to lose its AAA credit rating, according to Strategy Economics.
Europe must aim for full-blown unity which would see monetary and political union entwined with a currency union rivaling the United States, the U.K. and Japan, analysts told CNBC Wednesday.
Gregoris Skouros stepped out of the sawed-off cargo container that hard times have forced him to make his home in on an agricultural plain near this tiny village, a two-hour drive south of Athens. The NYT Reports.
Torsten Slok, Deutsche Bank Securities chief international economist, discusses three major headwinds facing a U.S. economic recovery: the debt ceiling, fiscal cliff, and Europe.
Russia is expected later on Tuesday to close the share sale in London and Moscow of a $5 billion stake it owns in Sberbank after attracting strong interest in what analysts said was another move by the Russian government to advance reforms in the country and offer investors the chance to buy into fast-growing companies.
Time may be running out for Europe's fourth-largest economy, with bad debts at the Spain's banks rising to a record and Lloyds bank predicting it will request aid before October.
Low cost airline easyJet said on Tuesday it has struck a deal with U.K. parliamentarians, offering members of parliament low-cost fares in a move which will help the company build its business customer base.
European share prices remain undervalued, even after the sharp rally of the past few weeks, according to a leading London-based analyst.
The Fed's QE3 announcement helped send the euro on a tear, and this strategist thinks it still has room to run.
Political upheaval and discontent will mark out 2012 as a year of great uncertainty, with one commentator telling CNBC that the changing world power structure means that the West’s traditional dominance in global economic and geo-political affairs is on the wane.
After a month of unrest, which has effectively shut down South Africa’s platinum sector and led to the deaths of 44 miners, mining companies and the South African Government have increased efforts to bring an end to the unrest. Police raided hostels at a Lonmin mine and confiscated machetes, spears and other weapons, while Lonmin has said it would adopt a more sensitive approach to the mineworkers.
Endeavor Global, a company that supports entrepreneurs in emerging markets, is focusing on Greece. Is the nonprofit crazy for jumping into the struggling nation?
Former European Central Bank President Jean-Claude Trichet told CNBC he believes the new euro bond-buying program will work, as long as “governments, individually and collectively, deliver.”
Jean-Claude Trichet, former ECB president, explains why Europe's financial crisis is a crisis of advanced economies as well, with CNBC's Michelle Caruso-Cabrera.
The euro zone’s debt crisis is just the center of an “adjustment” which is affecting all advanced economies, former European Central Bank (ECB) President Jean-Claude Trichet told CNBC.
Willem Nabarro, Head European Equities (Asia) at Exane-BNP Paribas says that European equities have outperformed U.S. stocks tremendously and that there is still more upside.