Foreign ministers meeting in Geneva agreed "initial concrete steps" to de-escalate the situation in Ukraine, they said in a joint statement.» Read More
In 2008, Eastern Europe was in the throes of a major financial crisis. Burdened with public and private debt, Hungary, Latvia and Romania had to be bailed out by the IMF; they faced severe austerity measures and high unemployment. Fast forward three years and Eastern Europe seems in much better shape, while the West faces the most serious financial challenge since the establishment of the European Union.
An unheralded Russian club owned by billionaire oligarch Suleiman Kerimov is expected to make Samuel Eto’o the world’s highest paid footballer, the FT reports.
The question facing every investor on the planet is simple enough: When will this sell-off come to an end? Because when it does, the risk-on trade will mean big returns.
Investors have been getting out of emerging markets lately, but has the selling gone too far? Trader Tim Seymour thinks he's found some value.
The debate over whether a tax should be imposed on financial transactions continued Thursday morning as markets around Europe sank again.
"We have some disappointing developments in Russia. Sales have not been growing, and it is clearly because Russian consumers are taking longer to adjust to higher prices," Jorgen Buhl Rasmussen, CEO at Carlsberg, told CNBC.
Brewer Carlsberg warned Wednesday that profits for 2011 would be lower than expected after beer sales fell in Russia.
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So what countries make up the BRICS ? How did they come about? What impact do they have? CNBC explains.
Senior government sources tell Class CNBC, CNBC’s Italian partner, that a short-selling ban will be imposed in France and Italy after Thursday's market close.
After the stock market falls in the past month, it should be possible to pick up some value in equities, market strategists told CNBC Wednesday.
By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT.
Thursday's market sell-off, which saw a dramatic 500 point fall in the Dow, is just a case of market perception catching up with reality, the chief executive of one of Europe's biggest insurers told CNBC Friday.
Double dip may be back. It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again, the New York Times reports.
For Angela Merkel there are few things which are as set as her summer holidays. She always leaves Berlin for two weeks with her invisible husband for a hiking holiday in the Tyrol Alps.
German retail group Metro saw sales grow only marginally in the second quarter, led by its emerging markets business, as weak consumer spending in Western Europe weighed on its results.
Developing markets will make up half of the world's biggest liquor maker's revenue in the next three years, as their consumption is rising while in some developed states consumers are suffering, the CEO of Diageo, Paul Walsh, told CNBC on Tuesday.
Italian bank shares were sharply lower in Wednesday morning trade after Reuters reported German Finance Minister Wolfgang Schaeuble said the euro zone's rescue fund should only purchase bonds on the secondary market in exceptional circumstances.
Can a bailout fund whose backers include some of the countries it may be called upon to bail out really succeed? The NYT reports.
European leaders on Thursday clinched a new rescue plan for Greece that could push the country into default on some debt but would also give Europe’s bailout fund new powers to aid struggling economies, the NY TImes reports