CNBC's Ross Westgate reports on all the market moving events from Europe as talks of possible monetary easing from the central bank of China boosted investor confidence.» Read More
European stocks closed in the positive territory Thursday, helped by encouraging signs in credit markets.
Bankers are refinancing $100 billion-plus of commercial paper debt maturing into next week without major troubles so far, but borrowers are facing shorter maturities and higher costs as liquidity and confidence remain in short supply.
European stocks closed higher on Wednesday, but uncertainty about the strength of the global economy still lingered and a series of political surprises caught investors off guard.
A consortium led by the Royal Bank of Scotland which is locked in a battle with Barclays to take over ABN Amro launched a website to explain to the Dutch bank's employees how the proposed merger would affect them.
EU ministers and national experts are due to approve a genetically modified (GMO) sugar beet variety this month despite a long running dispute over the use of biotechnology.
European stocks closed mixed on Monday in thin trading because of a national holiday in the U.S. and on anticipation of a busy week.
European stocks closed in the green on Friday after the two top U.S. economic policymakers said it was not up to the government to rescue bad investments but acknowledged they would intervene to prevent a spillover of the U.S. credit market crisis into the broader economy.
European stocks managed to close in the green Thursday after oscillating between the joy of some good corporate results on the continent and worries about credit market woes.
Bid target Altadis posted in-line first-half net profit of 247 million euros ($335.8 million) on Thursday, but predicted the second half could be sapped by the effect of dollar weakness on income.
The U.S. Justice Department and other authorities have stepped up investigations into several large European banks for violating sanctions against Iran, Libya, Cuba and Sudan, the Financial Times reported in its online edition.
European stocks closed mainly in positive territory, helped by a morning rally in the U.S.
European stocks closed mixed in the afternoon session Monday, after European Central Bank President Jean-Claude Trichet kept the options open for euro-zone rate moves ahead of an ECB monetary policy meeting next week.
German state-backed bank Landesbank Baden-Wuerttemberg agreed on Sunday to buy subprime victim and fellow lender SachsenLB, as pressure mounts for further mergers among German state banks.
European stocks finished the week in the green after stronger-than-expected U.S. durable goods orders and new home sales data on Friday pushed back fears of a spillover of the credit markets crisis to the wider economy.
Santander has 2.2 billion euros ($3 billion) of exposure to high-risk loans in the United States through its auto financing business Drive, ABC newspaper said on Tuesday, quoting the Spanish bank's annual report.
Royal Bank of Scotland shareholders overwhelmingly approved the proposed 71 billion euro ($97.24 billion) takeover of ABN Amro on Friday, the third and final leg of backing from investors in the RBS-led consortium.
The Bank of Spain said Monday the country's gross domestic product grew around 4% in the second quarter, according to its latest estimates, compared to 4.1% in the first quarter.
European defense and aviation group EADS said Friday it had finalized two military contracts with Libya to supply anti-tank missiles and communications systems.
British Airways beat forecasts with a 28% rise in quarterly operating profit on Friday but warned that a weak dollar and soaring fuel prices would slow full-year revenue growth and raise costs.
Spanish telecom giant Telefonica said Monday its second-quarter net profit more than doubled, boosted by a 1.3 billion euros ($1.8 billion) capital gain from the sale of radio operator Airwave.