CNBC's Simon Hobbs reports European industrial production has a broad-base decline and comments on the Pope's attack on the wealth gap.» Read More
European shares declined for a third straight session on Monday, with banks again topping the losers' list as Citigroup's warning of loan losses sparked fresh worries over the impact of credit market woes.
Global banks are going to take far longer than previously imagined to clear away debris left by a receding tide of U.S. subprime mortgages which has played havoc with balance sheets, a top investment banker said on Monday.
Euro zone factory growth sank to its slowest pace in over two years in October, led by a sharp slowdown in Germany and a contraction in Spain, final figures from a key monthly survey showed on Friday.
European bank stocks took a dive on Thursday as fear spread among investors that the U.S. subprime crisis will take another huge chunk out of profits in the fourth quarter.
Truck maker MAN said Wednesday that its third-quarter profit rose 32 percent on a gain in orders for its trucks and improving sales, and raised its outlook for the rest of the year.
BASF raised its full-year profit forecast after third-quarter operating profit came in as expected thanks to acquisitions, higher demand and prices for its chemicals and agrochemicals products.
Major European markets ended in positive territory Monday, as anticipation of lower U.S. interest rates helped sentiment.
Consumers in Germany had their confidence dented by fears of inflation taking root in Europe's biggest economy and the rising euro, a survey released Friday found, casting more concern about Germany's economic rebound.
Britain only has itself to blame for how problems at Northern Rock turned into the first run on a UK bank in 140 years, the European Union's top financial regulator, Charlie McCreevy, is expected to say later Friday.
German business sentiment deteriorated in October as expected, pointing to a slowdown in Europe's largest economy, a closely watched survey showed on Thursday.
German pharmaceutical and chemical company Merck KGaA said Wednesday that its third-quarter profit fell 75 percent because of costs related to its purchase of Swiss biotech firm Serono.
Euro zone services growth bounced back much more than expected this month after hitting a two-year low in September, but the manufacturing expansion waned further, a key survey showed on Wednesday.
The head of French media group Lagardere survived a challenge to his seat on a new board at Airbus parent EADS on Monday despite calls from minority shareholders that he should step down.
Commerzbank's shares slid on Monday after its chief executive acknowledged that the bank's losses from investments linked to risky subprime mortgages would be higher than expected.
Australian bank Macquarie has raised its cash offer for German metering company Techem to 1.43 billion euros ($2 billion), 5.4 percent more than its previous bid.
European Union leaders clinched final agreement on Friday on a treaty to reform the 27-nation bloc's institutions, replacing a defunct constitution and ending a two-year crisis of confidence in Europe's future.
Volkswagen's group sales rose 6.5 percent last month to 545,500 vehicles, its best September ever, as brisk foreign sales offset a slump at home in Germany, Europe's biggest carmaker said on Thursday.
SAP said it should reach the top of its full-year sales guidance range after a solid third quarter in which it met market expectations, and forecast demand for its software would stay strong into 2008.
One Bank of England policymaker wanted to cut borrowing costs this month, but was outgunnned by the other eight who argued new forecasts in November would provide a better steer on how the economy was faring.
Euro zone economic growth will slow this year and next as fallout from the summer's financial market turmoil hits housing and a stronger euro crimps exports, the International Monetary Fund said on Wednesday.