CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a consolidation for European stocks and a decline for Russia related stocks.» Read More
An enormous precious stone listed on a now bankrupt company's books for the value of 11 million pounds ($17.4 million) is probably not worth more than 100 pounds, British media reported Friday.
Twenty-two large banks in Europe may have accumulated credit losses of close to $580 billion for this year and next, the New York Times reports.
Speculation that the European Commission could order a breakup of Lloyds Banking Group is nonsense, but the possibility that the Commission could order the group to sell some assets should come as no surprise, a senior commission officer told CNBC Thursday.
The World Trade Organization on Friday handed the United States and European Union its long-awaited intial decision in their dispute over government financing for airplane makers.
Uncertainty about Sun Microsystems' future appears to have contributed to serious erosion in the company's market share for computer servers in the latest quarter, according to new data being released Wednesday.
The world economy needs a second stimulus if it is to avoid the fate of Japan in the 1990s when it was stuck with years of sluggish growth, Nobel laureate and professor of economics Paul Krugman told CNBC.
The European Union's transport chief said Thursday that airlines cannot arbitrarily bar suspected swine flu sufferers from flights.
Well, the Administration can't say "give it time to work" and have some others say "we need another one before this one has had time to do its thing." Talk about creating a box needlessly. And don't you find it curious that the meat of the Stimulus package, the shovel-ready job-creation part of the deal, is due to hit just about in time for the midterm elections?
The burgeoning British scandal over the misuse of government expense accounts is claiming its first major victims and setting the stage for a major shake-up in the country's leadership.
The singe European currency may bring the end of the whole European Union, because its one-size-fits-all approach means countries on the "wrong" side of the economic cycle lose out, European MP Nigel Farage said.
The recent rally in stocks has run out of steam and there are no reasons for it to come back, two analysts told CNBC Thursday.
The European Central Bank will have to print and sell euros in the currency markets to alleviate the pain the strong single currency is causing to the euro zone, David Bloom, global head of foreign exchange strategy at HSBC told CNBC Tuesday.
Danske Bank has access to fresh capital if economic conditions worsen, as recent commitments for a loan from the government would provide it with enough of a cushion, an analyst with financial services investment bank KBW told CNBC.com Monday.
The results of the stress tests on 19 of the biggest US banks have left European banks exposed, as they now look vulnerable to recapitalization needs and to claims that not all checks were made to ensure rules were being followed, analysts said on Friday.
The European Central Bank Shadow Council said it saw no need to set an interest rate floor at 1 percent, smashing official ECB proposals to prevent the rate from reaching 0 percent.
Executives of some European gambling companies are whispering that they may get a second chance in the United States.
With a the global economy in recession and energy prices in a slump, the green sector might be languishing, but the Obama administration's commitment to conservation and alternative energy is keeping more than just the die-hard optimists in the game. As we mark another Earth Day and another Green Is Universal week, few doubt that green is a sustainable business. So check out our special report, "Green Invests Here."
With big companies like BP, Shell and Iberdrola scaling back investment in renewable energy, analysts say governments need to pick up the slack.
Reports that the IMF suggested that Eastern European countries should adopt the euro as soon as possible to solve their current account deficit and exchange rate problems have been dismissed by some experts.
The once-booming CEE is stealing the limelight again but this time for less palatable reasons. As one analyst put it, "Eastern Europe's problem is a greater weight on the Western European nations than the subprime is in the United States."